v3.26.1
Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
Summary
compensation
table total for
PEO(1)
Compensation
actually paid
to PEO(1)(3)
Average
summary
compensation
table total for
non-PEO
named
executive
officers(2)
Average
compensation
actually paid
to non-PEO
named
executive
officers(2)(3)
Value of initial fixed $100
investment based on:
Net income (loss)
($M)(6)
Rule of 40(7)(8)
Total
shareholder
return(4)
Peer group
total
shareholder
return(4)(5)
2025
$
6,022,250 
$
3,844,890 
$
3,150,303 
$
2,449,737 
$110.01
$148.53
$
115.0 
41.4 
%
2024
10,225,840 
6,547,279 
3,354,884 
2,062,531 
93.03
211.18
(283.2)
38.9 
%
2023
9,596,722 
18,169,412 
3,627,392 
6,678,600 
109.11
153.64
1.8 
37.0 
%
2022
8,819,151 
3,450,876 
3,654,102 
2,110,183 
74.07
120.32
(45.4)
27.5 
%
2021
11,810,500 
18,011,733 
3,734,533 
5,582,811 
99.39
145.22
5.7 
28.1 
%
       
Company Selected Measure Name Rule of 40        
Named Executive Officers, Footnote During all years presented, Mr. Gianoni was our CEO and President.
(2)During 2025, our non-PEO NEOs were: Messrs. Anderson, Boor, Benjamin, Gregoire and McDearis. During 2024, 2023 and 2022, our non-PEO NEOs were: Messrs. Boor, Benjamin, Gregoire and McDearis. During 2021, our non-PEO NEOs were: Messrs. Boor, Gregoire, McDearis and Kevin M. Mooney.
       
Peer Group Issuers, Footnote The peer group total shareholder returns presented include the following compensation peer groups used in evaluating our executive compensation (as discussed beginning on page 39 of this Proxy Statement):
a.2025 — ACI Worldwide, Inc., BILL Holdings, Inc., Box, Inc., Commvault Systems, Inc., E2open Parent Holdings, Inc., Elastic N.V., Five9, Inc., Guidewire Software, Inc., Informatica, Inc., Pegasystems, Inc., Rapid7, Inc., SolarWinds Corporation, Tenable Holdings, Inc., Tyler Technologies, Inc. and Verint Systems, Inc. For more information, including an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, see page 41. We cannot provide a comparable cumulative TSR versus our 2024 peer group as two companies were removed due to acquisitions and were not public during all of 2025. These companies were: Envestnet, Inc. and PowerSchool Holdings, Inc.
b.2024 — ACI Worldwide, Inc., Box, Inc., Commvault Systems, Inc., E2open Parent Holdings, Inc., Elastic N.V., Envestnet, Inc., Fair Isaac Corporation, Guidewire Software, Inc., Informatica, Inc., Manhattan Associates, Inc., Pegasystems, Inc., PowerSchool Holdings, Inc., SolarWinds Corporation, Tyler Technologies, Inc. and Verint Systems, Inc. For an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, please refer to Blackbaud’s Proxy Statement for the 2025 Meeting of Stockholders filed on April 23, 2024. We cannot provide a comparable cumulative TSR versus our 2023 peer group as two companies were removed due to acquisitions and were not public during all of 2024. These companies were: Cvent Holding Corporation and New Relic, Inc.
c.2023 — ACI Worldwide, Inc., Box, Inc., Commvault Systems, Inc., Cvent Holding Corporation, E2open Parent Holdings, Inc., Envestnet, Inc., Fair Isaac Corporation, Guidewire Software, Inc., Manhattan Associates, Inc., New Relic, Inc., Pegasystems, Inc., PowerSchool Holdings, Inc., SolarWinds Corporation, Tyler Technologies, Inc. and Verint Systems, Inc. For an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, please refer to Blackbaud’s Proxy Statement for the 2024 Meeting of Stockholders filed on April 23, 2024. We cannot provide a comparable cumulative TSR versus our 2022 peer group as two companies were removed due to acquisitions and were not public during all of 2023. These companies were: Bottomline Technologies, Inc. and Mandiant, Inc.
d.2022 — 8x8, Inc., ACI Worldwide, Inc., Aspen Technology, Inc., Bottomline Technologies, Inc., Box, Inc., Commvault Systems, Inc., Envestnet, Inc., Fair Isaac Corporation, Mandiant, Inc., Manhattan Associates, Inc., New Relic, Inc., Progress Software Corporation, SolarWinds Corporation, Tyler Technologies, Inc., Verint Systems, Inc. and Ziff Davis, Inc. For an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, please refer to Blackbaud’s Proxy Statement for the 2023 Meeting of Stockholders filed on April 25, 2023. We cannot provide a comparable cumulative TSR versus our 2021 peer group as four companies were removed due to acquisitions and were not public during all of 2022. These companies were: Cloudera, Inc., Cornerstone OnDemand, Inc., Proofpoint, Inc. and RealPage, Inc.
e.2021 — 8x8, Inc., ACI Worldwide, Inc., Aspen Technology, Inc., Cloudera, Inc., Commvault Systems, Inc., Cornerstone OnDemand, Inc., Envestnet, Inc., Fair Isaac Corporation, Mandiant, Inc., Manhattan Associates, Inc., New Relic, Inc., Paylocity Holding Corporation, Proofpoint, Inc., RealPage, Inc., Tyler Technologies, Inc., Verint Systems, Inc. and Ziff Davis, Inc.
       
Changed Peer Group, Footnote For more information, including an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, see page 41. We cannot provide a comparable cumulative TSR versus our 2024 peer group as two companies were removed due to acquisitions and were not public during all of 2025. These companies were: Envestnet, Inc. and PowerSchool Holdings, Inc. For an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, please refer to Blackbaud’s Proxy Statement for the 2025 Meeting of Stockholders filed on April 23, 2024. We cannot provide a comparable cumulative TSR versus our 2023 peer group as two companies were removed due to acquisitions and were not public during all of 2024. These companies were: Cvent Holding Corporation and New Relic, Inc. For an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, please refer to Blackbaud’s Proxy Statement for the 2024 Meeting of Stockholders filed on April 23, 2024. We cannot provide a comparable cumulative TSR versus our 2022 peer group as two companies were removed due to acquisitions and were not public during all of 2023. These companies were: Bottomline Technologies, Inc. and Mandiant, Inc. For an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, please refer to Blackbaud’s Proxy Statement for the 2023 Meeting of Stockholders filed on April 25, 2023. We cannot provide a comparable cumulative TSR versus our 2021 peer group as four companies were removed due to acquisitions and were not public during all of 2022. These companies were: Cloudera, Inc., Cornerstone OnDemand, Inc., Proofpoint, Inc. and RealPage, Inc.  
PEO Total Compensation Amount $ 6,022,250 $ 10,225,840 $ 9,596,722 $ 8,819,151 $ 11,810,500
PEO Actually Paid Compensation Amount $ 3,844,890 6,547,279 18,169,412 3,450,876 18,011,733
Adjustment To PEO Compensation, Footnote The dollar amounts shown represent "compensation actually paid" to our PEO and non-PEO NEOs, as determined in accordance with SEC rules. The dollar amounts do not necessarily reflect the actual amount of compensation earned, received or realized by our PEO and non-PEO NEOs for the applicable year. The following table sets forth the adjustments included in the 2025 compensation actually paid calculation, per SEC rules, for our PEO and non-PEO NEOs:
2025
CEOAverage of
Other NEOs
Summary Compensation Table Total$6,022,250 $3,150,303 
Adjustments
Deduction for amounts reported under the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table(5,206,285)(2,663,478)
Increase based on ASC 718 fair value of awards granted during fiscal year that remain unvested as of fiscal year end, determined as of fiscal year end4,821,438 2,482,701 
Increase based on ASC 718 fair value of awards granted during fiscal year that vested during fiscal year, determined as of vesting date— — 
Deduction for awards granted prior to fiscal year that were outstanding and unvested as of fiscal year end, determined based on change in ASC 718 fair value from prior fiscal year end to fiscal year end
(1,408,517)(373,911)
Deduction for awards granted prior to fiscal year that vested during fiscal year, determined based on change in ASC 718 fair value from prior fiscal year end to vesting date
(383,995)(145,879)
Deduction of ASC 718 fair value of awards granted prior to fiscal year that were forfeited during fiscal year, determined as of prior fiscal year end— — 
Compensation Actually Paid$3,844,890 $2,449,737 
       
Non-PEO NEO Average Total Compensation Amount $ 3,150,303 3,354,884 3,627,392 3,654,102 3,734,533
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,449,737 2,062,531 6,678,600 2,110,183 5,582,811
Adjustment to Non-PEO NEO Compensation Footnote The dollar amounts shown represent "compensation actually paid" to our PEO and non-PEO NEOs, as determined in accordance with SEC rules. The dollar amounts do not necessarily reflect the actual amount of compensation earned, received or realized by our PEO and non-PEO NEOs for the applicable year. The following table sets forth the adjustments included in the 2025 compensation actually paid calculation, per SEC rules, for our PEO and non-PEO NEOs:
2025
CEOAverage of
Other NEOs
Summary Compensation Table Total$6,022,250 $3,150,303 
Adjustments
Deduction for amounts reported under the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table(5,206,285)(2,663,478)
Increase based on ASC 718 fair value of awards granted during fiscal year that remain unvested as of fiscal year end, determined as of fiscal year end4,821,438 2,482,701 
Increase based on ASC 718 fair value of awards granted during fiscal year that vested during fiscal year, determined as of vesting date— — 
Deduction for awards granted prior to fiscal year that were outstanding and unvested as of fiscal year end, determined based on change in ASC 718 fair value from prior fiscal year end to fiscal year end
(1,408,517)(373,911)
Deduction for awards granted prior to fiscal year that vested during fiscal year, determined based on change in ASC 718 fair value from prior fiscal year end to vesting date
(383,995)(145,879)
Deduction of ASC 718 fair value of awards granted prior to fiscal year that were forfeited during fiscal year, determined as of prior fiscal year end— — 
Compensation Actually Paid$3,844,890 $2,449,737 
       
Compensation Actually Paid vs. Total Shareholder Return The following graph describes the relationship between compensation actually paid versus cumulative total shareholder return ("TSR"):
1581
       
Compensation Actually Paid vs. Net Income The following graph describes the relationship between compensation actually paid versus net income (loss):
2088
       
Compensation Actually Paid vs. Company Selected Measure The following graph describes the relationship between compensation actually paid versus Rule of 40:
2629
       
Tabular List, Table
The following table sets forth the Company's most important financial performance measures used to link NEO compensation actually paid during 2025 to Company performance.
Company Performance Measures(1)(2)
Non-GAAP Adjusted Recurring Revenue
Non-GAAP Adjusted Income from Operations
Non-GAAP Adjusted Total Revenue
Gross Dollar Retention
Rule of 40
(1)This list is unranked.
(2)For discussion on each performance measure and why it was chosen, see "Short-term Incentive Compensation" (beginning on page 43 of this Proxy Statement) and "Long-term Incentive Compensation" (beginning on page 45 of this Proxy Statement).
       
Total Shareholder Return Amount $ 110.01 93.03 109.11 74.07 99.39
Peer Group Total Shareholder Return Amount 148.53 211.18 153.64 120.32 145.22
Net Income (Loss) $ 115,000,000.0 $ (283,200,000) $ 1,800,000 $ (45,400,000) $ 5,700,000
Company Selected Measure Amount 0.414 0.389 0.370 0.275 0.281
PEO Name Mr. Gianoni        
Additional 402(v) Disclosure Represents Rule of 40 as reported and not adjusted for year over year foreign currency fluctuations as used in determining results for LTI Three-year PRSUs as described beginning on page 45 of this Proxy Statement. The Company also measures and uses Rule of 40 on a constant currency basis. See Appendix A for a reconciliation of non-GAAP financial measures to results reported in accordance with generally accepted accounting principles.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Non-GAAP Adjusted Recurring Revenue        
Measure:: 2          
Pay vs Performance Disclosure          
Name Non-GAAP Adjusted Income from Operations        
Measure:: 3          
Pay vs Performance Disclosure          
Name Non-GAAP Adjusted Total Revenue        
Measure:: 4          
Pay vs Performance Disclosure          
Name Gross Dollar Retention        
Measure:: 5          
Pay vs Performance Disclosure          
Name Rule of 40        
PEO | Equity Awards Reported Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (5,206,285)        
PEO | Equity Awards Granted During The Year Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,821,438        
PEO | Equity Awards Granted During The Year Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Equity Awards Granted In Prior Years Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,408,517)        
PEO | Equity Awards Granted In Prior Years Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (383,995)        
PEO | Equity Awards Forfeited During The Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Equity Awards Reported Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,663,478)        
Non-PEO NEO | Equity Awards Granted During The Year Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,482,701        
Non-PEO NEO | Equity Awards Granted During The Year Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Equity Awards Granted In Prior Years Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (373,911)        
Non-PEO NEO | Equity Awards Granted In Prior Years Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (145,879)        
Non-PEO NEO | Equity Awards Forfeited During The Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0