BlackLine (BL) Q1 2026 Earnings
Reported May 5, 2026 at 4:05 PM ET · SEC Source
Q1 26 EPS
$0.56
BEAT +24.06%
Est. $0.45
Q1 26 Revenue
$183.2M
BEAT +1.15%
Est. $181.1M
vs S&P Since Q1 26
-9.8%
TRAILING MARKET
BL -7.7% vs S&P +2.1%
Market Reaction
Did BL Beat Earnings? Q1 2026 Results
BlackLine delivered a strong first quarter of fiscal 2026, posting non-GAAP EPS of $0.56 against a consensus estimate of $0.45, a beat of 24.06%, while revenue of $183.16 million edged past the $181.08 million estimate by 1.15% and grew 9.7% year-ove… Read more BlackLine delivered a strong first quarter of fiscal 2026, posting non-GAAP EPS of $0.56 against a consensus estimate of $0.45, a beat of 24.06%, while revenue of $183.16 million edged past the $181.08 million estimate by 1.15% and grew 9.7% year-over-year. The headline driver behind the earnings outperformance was meaningful margin expansion, with non-GAAP operating margin widening to 21.6% from 20.9% a year ago and GAAP operating margin improving to 3.4% from 2.1%, as restructuring costs fell sharply to $1.69 million from $5.30 million. Subscription and support revenue, the backbone of BlackLine's recurring model, contributed $173.71 million of the total, while remaining performance obligations surged 17.9% to $1.10 billion, underscoring durable demand. The company's push into AI-driven finance automation, anchored by its Verity capabilities and newly launched Agentic Financial Operations model, has drawn attention from CFOs seeking governance-ready AI tools, even as some investors remain cautious about when that strategy will materially accelerate growth. Management raised full-year 2026 revenue guidance to $765 million to $769 million, with non-GAAP EPS expected between $2.42 and $2.53.
Key Takeaways
- • Accelerating revenue growth of 9.7% year-over-year
- • Non-GAAP operating margin expansion to 21.6% from 20.9%
- • Dollar-based net revenue retention rate of 105%
- • Remaining performance obligations grew 17.9% to $1.1 billion
- • Platform pricing ARR reached 13% of eligible ARR
- • Billings growth of 9.2% year-over-year
BL Forward Guidance & Outlook
BlackLine raised its full-year 2026 outlook. For Q2 2026, the company expects total GAAP revenue of $186 million to $188 million, non-GAAP operating margin of 21.5% to 22.5%, and non-GAAP net income of $40 million to $42 million ($0.57 to $0.59 per share). For full-year 2026, total GAAP revenue is expected to be $765 million to $769 million, non-GAAP operating margin of 24.0% to 24.5%, and non-GAAP net income of $174 million to $182 million ($2.42 to $2.53 per share).
BL YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
BL Revenue by Segment
With YoY comparisons, source: SEC Filings
“BlackLine delivered a solid first quarter with accelerating revenue growth, operating leverage, and momentum from our platform strategy.”
— Owen Ryan, Q1 2026 Earnings Press Release
BL Earnings Trends
BL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BL EPS Trend
Earnings per share: estimate vs actual
BL Revenue Trend
Quarterly revenue: estimate vs actual
BL Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.45 | $0.56 | +24.06% | $183.2M | +1.15% |
| Q4 25 BEAT FY | $0.59 | $0.63 | +7.20% | $183.2M | +0.11% |
| FY Full Year | — | $2.13 | — | $700.4M | — |
| Q3 25 BEAT | $0.51 | $0.51 | +0.95% | $178.3M | +0.10% |
| Q2 25 BEAT | $0.51 | $0.51 | +0.06% | $172.0M | +0.68% |