Blackbaud Inc (BLKB)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	637,268	631,297	627,947	615,959	602,460	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
Revenue (ttm)	US$ in thousands	1,155,366	1,148,145	1,139,044	1,122,929	1,105,432	1,085,178	1,068,849	1,062,734	1,058,105	1,031,239	1,001,160	965,673	927,740	922,455	906,238	908,789	913,219	908,452	914,571	908,214
Gross profit margin		55.16%	54.98%	55.13%	54.85%	54.50%	53.76%	53.13%	52.47%	52.24%	52.10%	51.98%	52.04%	52.23%	52.44%	52.58%	53.06%	53.13%	53.21%	53.19%	53.31%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $637,268K ÷ $1,155,366K
= 55.16%

The gross profit margin of Blackbaud Inc has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. It started at 53.31% in March 2020, slightly decreased to 52.58% in June 2021, and reached its lowest point of 51.98% in June 2022. However, it showed a consistent improvement thereafter, with a gradual increase to 55.16% by December 31, 2024.

Overall, the gross profit margin provides insight into the company's ability to generate profits from its core business activities after deducting the cost of goods sold. The upward trend observed in the latter part of the period indicates a positive development in the company's operational efficiency and profitability. This could be attributed to various factors such as cost management, pricing strategies, and revenue growth.