Blackbaud Inc (BLKB)

Operating 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
Operating income (ttm)	US$ in thousands	44,705	-3,157	-32,213	-32,453	-28,485	-19,564	-706	12,283	24,906	30,683	28,924	35,463	37,243	41,679	39,475	33,384	27,145	38,238	46,138	44,021
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
Operating profit margin		4.18%	-0.30%	-3.12%	-3.15%	-2.77%	-1.94%	-0.07%	1.30%	2.73%	3.37%	3.22%	3.92%	4.08%	4.59%	4.32%	3.68%	3.01%	4.33%	5.29%	5.12%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $44,705K ÷ $1,068,830K
= 4.18%

The operating profit margin of Blackbaud Inc has fluctuated over the past eight quarters, ranging from -3.05% in Q1 2023 to 4.04% in Q4 2023. The company experienced negative operating profit margins in Q1, Q2, and Q3 of 2023, indicating that its operating expenses exceeded its revenue during those periods. However, Blackbaud Inc was able to improve its operating profit margin in Q4 2023, reaching a positive 4.04%, which suggests that the company effectively managed its costs and/or increased its revenue generation. Overall, the trend in operating profit margin for Blackbaud Inc shows variability, highlighting the importance of monitoring and addressing factors that impact profitability.