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BILL and Blackbaud Form Strategic Partnership to Simplify Accounts Payable Process
BILL (BILL) and Blackbaud (BLKB) announced a new strategic partnership to simplify the accounts payable process for nonprofit and education finance teams. Payment Assistant, powered by BILL, the new experience for Blackbaud Financial Edge NXT customers, will embed BILL's business payments network and payment-processing capabilities into Blackbaud's automated accounts payable workflow. This will support nonprofit finance teams from invoice and approval through payment and reconciliation, all in one connected system, built on Blackbaud's Platform for Good.
Blackbaud Reports Q2 Revenue of $290.6M
Reports Q2 revenue $290.6M, consensus $292.36M. "Our second quarter and first-half results came in as expected, and combined with our confidence in the second half, position us to finish in the upper half of our FY26 guidance ranges for revenue, adjusted EBITDA, non-GAAP EPS, and free cash flow, with EPS and free cash flow at the high end," said Mike Gianoni, president, CEO and vice chairman of the board of directors, Blackbaud. "We continue to invest aggressively in AI, reflected in the accelerating pace of innovation across our Agents for Good solutions, which help customers advance their missions and operate more efficiently while also strengthening our own productivity and profitability."
Company Confirms FY26 Revenue View of $1.173B to $1.179B
Backs FY26 revenue view $1.173B-$1.179B, consensus $1.18B. Backs FY26 adjusted EBITDA $430M-$438M; Free cash flow $280M-$290M. Expects to finish in the upper half of the range across all four key metrics.
Blackbaud Unveils AI-Driven Admissions Agent for K-12 Schools
Blackbaud announced new AI-driven innovations for independent K-12 schools at its 2026 K-12 User Conference, including a preview of its new Admissions Agent designed to "help schools guide prospective families, improve enrollment outcomes, and streamline admissions workflows," the company said.
Blackbaud Reports Q1 Revenue of $281.1M, Beating Expectations
Reports Q1 revenue $281.1M, consensus $280.12M. "We began 2026 with disciplined execution against our operating plan, while continuing to invest in innovation to support both performance today and the opportunities ahead," said Chad Anderson, executive vice president and CFO, Blackbaud. "The quarter reflects the strength of our financial model-driving growth, expanding margins, improving EPS, and generating strong free cash flow. We continued our purposeful capital allocation strategy, repurchasing approximately 4.5% of our shares outstanding at the end of 2025 inclusive of net share settlement of employee stock compensation, while maintaining financial flexibility. This combination of execution, reinvestment, and disciplined capital deployment underpins our ability to deliver long-term value."
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