Blackbaud Inc (BLKB)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	603,244	583,342	567,842	557,595	552,716	537,274	520,451	502,501	484,545	483,743	476,522	482,204	485,154	483,426	486,433	484,208	481,999	478,619	473,591	467,264
Revenue (ttm)	US$ in thousands	1,068,830	1,046,797	1,032,026	1,030,820	1,029,119	1,010,722	982,508	948,272	912,853	909,423	896,896	904,135	913,219	908,452	914,571	908,214	900,423	883,802	872,214	860,252
Gross profit margin		56.44%	55.73%	55.02%	54.09%	53.71%	53.16%	52.97%	52.99%	53.08%	53.19%	53.13%	53.33%	53.13%	53.21%	53.19%	53.31%	53.53%	54.15%	54.30%	54.32%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $603,244K ÷ $1,068,830K
= 56.44%

The gross profit margin of Blackbaud Inc has been relatively stable over the past eight quarters, ranging from 51.98% to 54.57%. The trend generally shows an upward trajectory, indicating the company's ability to effectively manage its production costs and generate profits from its core operations. This consistent improvement suggests that Blackbaud Inc has been successful in optimizing its pricing strategies, controlling its direct costs, or enhancing the efficiency of its production processes. Overall, the overall trend in the gross profit margin signifies a positive financial performance and operational efficiency for Blackbaud Inc over the analyzed period.