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Blackbaud Valuation Multiples
Discover revenue and EBITDA valuation multiples for Blackbaud and similar public comparables like MyEG, Alef Education, Cengage, Secunet and more.
Blackbaud Overview
About Blackbaud
Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&A and organic product development efforts, the company has also moved into related areas outside core fundraising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.
Founded
1982
HQ

Employees
2.8K
Website
Financials (LTM)
EV
$3B
Blackbaud Financials
Blackbaud reported last 12-month revenue of $1B and EBITDA of $414M.
In the same LTM period, Blackbaud generated $702M in gross profit, $414M in EBITDA, and $223M in net income.
Revenue (LTM)
Blackbaud P&L
In the most recent fiscal year, Blackbaud reported revenue of $1B and EBITDA of $405M.
Blackbaud expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $702M | XXX | $663M | XXX | XXX | XXX |
| Gross Margin | 62% | XXX | 59% | XXX | XXX | XXX |
| EBITDA | $414M | XXX | $405M | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 36% | XXX | XXX | XXX |
| EBIT Margin | 31% | XXX | 31% | XXX | XXX | XXX |
| Net Profit | $223M | XXX | $216M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 19% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Blackbaud Stock Performance
Blackbaud has current market cap of $2B, and enterprise value of $3B.
Market Cap Evolution
Blackbaud's stock price is $38.76.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $2B | 0.0% | XXX | XXX | XXX | $4.69 |
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Start Free TrialBlackbaud Valuation Multiples
Blackbaud trades at 2.5x EV/Revenue multiple, and 6.9x EV/EBITDA.
EV / Revenue (LTM)
Blackbaud Financial Valuation Multiples
As of April 19, 2026, Blackbaud has market cap of $2B and EV of $3B.
Equity research analysts estimate Blackbaud's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Blackbaud has a P/E ratio of 8.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 2.5x | XXX | 2.5x | XXX | XXX | XXX |
| EV/EBITDA | 6.9x | XXX | 7.0x | XXX | XXX | XXX |
| EV/EBIT | 8.1x | XXX | 8.3x | XXX | XXX | XXX |
| EV/Gross Profit | 4.1x | XXX | 4.3x | XXX | XXX | XXX |
| P/E | 8.0x | XXX | 8.3x | XXX | XXX | XXX |
| EV/FCF | 12.5x | XXX | 14.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Blackbaud Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Blackbaud Margins & Growth Rates
Blackbaud's revenue in the last 12 month grew by 4%.
Blackbaud's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
Blackbaud's rule of 40 is 41% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Blackbaud's rule of X is 47% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Blackbaud Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 36% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 41% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 47% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 14% | XXX | 16% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 7% | XXX | 14% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 10% | XXX | 12% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 42% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Blackbaud Public Comps
See public comps and valuation multiples for other Public Sector & Non-Profit Software and Education Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Blackbaud | XXX | XXX | XXX | XXX | XXX | XXX |
| MyEG | XXX | XXX | XXX | XXX | XXX | XXX |
| Alef Education | XXX | XXX | XXX | XXX | XXX | XXX |
| Cengage | XXX | XXX | XXX | XXX | XXX | XXX |
| Secunet | XXX | XXX | XXX | XXX | XXX | XXX |
| Youdao | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Blackbaud M&A Activity
Blackbaud acquired XXX companies to date.
Last acquisition by Blackbaud was on XXXXXXXX, XXXXX. Blackbaud acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Blackbaud
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialBlackbaud Investment Activity
Blackbaud invested in XXX companies to date.
Blackbaud made its latest investment on XXXXXXXX, XXXXX. Blackbaud invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Blackbaud
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Blackbaud
| When was Blackbaud founded? | Blackbaud was founded in 1982. |
| Where is Blackbaud headquartered? | Blackbaud is headquartered in United States. |
| How many employees does Blackbaud have? | As of today, Blackbaud has over 2K employees. |
| Who is the CEO of Blackbaud? | Blackbaud's CEO is Michael P. Gianoni. |
| Is Blackbaud publicly listed? | Yes, Blackbaud is a public company listed on Nasdaq. |
| What is the stock symbol of Blackbaud? | Blackbaud trades under BLKB ticker. |
| When did Blackbaud go public? | Blackbaud went public in 2004. |
| Who are competitors of Blackbaud? | Blackbaud main competitors are MyEG, Alef Education, Cengage, Secunet. |
| What is the current market cap of Blackbaud? | Blackbaud's current market cap is $2B. |
| What is the current revenue of Blackbaud? | Blackbaud's last 12 months revenue is $1B. |
| What is the current revenue growth of Blackbaud? | Blackbaud revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Blackbaud? | Current revenue multiple of Blackbaud is 2.5x. |
| Is Blackbaud profitable? | Yes, Blackbaud is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Blackbaud? | Blackbaud's last 12 months EBITDA is $414M. |
| What is Blackbaud's EBITDA margin? | Blackbaud's last 12 months EBITDA margin is 36%. |
| What is the current EV/EBITDA multiple of Blackbaud? | Current EBITDA multiple of Blackbaud is 6.9x. |
| What is the current FCF of Blackbaud? | Blackbaud's last 12 months FCF is $228M. |
| What is Blackbaud's FCF margin? | Blackbaud's last 12 months FCF margin is 20%. |
| What is the current EV/FCF multiple of Blackbaud? | Current FCF multiple of Blackbaud is 12.5x. |
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