EarningsQ2 2026 Earnings Report
MX:BL Q2 2026 EPS Results
Actual EPS$10.46
Consensus EPS$9.82
Beat/MissBeat by +$0.63
One Year Ago EPS$8.74
MX:BL Q2 2026 Revenue Results
Actual Revenue$3.22B
Expected Revenue$3.21B
Beat/MissBeat by +$14.28M
YoY Revenue Growth+9.18%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
MX:BL Upcoming Earnings
BlackLine's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:BL Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong underlying demand, meaningful product momentum around AI-enabled Agentic offerings, improving contract quality (RPO up 17%, deal sizes +24%, multiyear commitments up to 56%) and healthy profitability/cash generation. Offsetting these positives are near-term headwinds from elongated enterprise sales cycles driven by AI governance and security reviews (about $8M of slipped deals), FX pressure (~$2M–$3M), and early-stage monetization of Agentic revenue. Management maintained full-year guidance, highlighted product validation and platform adoption, and expects the deal timing issues to shorten and contribute as tailwinds into 2027.Company Guidance
Revenue Growth
Total revenue of $187.8 million, up 9.2% year-over-year; subscription revenue up 9% and professional services revenue up 11%.
Strong Profitability and Cash Generation
Non-GAAP operating margin of 23.3% (up from 22.1% a year ago); non-GAAP gross margin 80.4% and non-GAAP subscription gross margin 83%. Non-GAAP net income attributable to BlackLine of $42.9 million and adjusted EPS of $0.61. Operating cash flow $45 million and free cash flow ~$36.5–$37 million.
Robust Contract Backlog (RPO) and Deal Quality
Remaining performance obligations (RPO) exceeded $1.1 billion, growing 17% year-over-year; current RPO (next 12 months) grew 11%, indicating strong contracted backlog and higher mix of multiyear deals.
ARR and Platform Traction
ARR grew to $719 million, up 6% year-over-year (approximately 7% excluding ~1 point FX headwind). Platform ARR as a percent of eligible ARR crossed ~17% (from 13% last quarter) with mega enterprise already above 21%.
Larger, Longer Commitments
Average deal sizes up 24% year-over-year; multiyear commitments represented 56% of the renewal book versus 45% a year ago; nearly 90% of net new business this quarter landed directly on platform pricing.
AI / Agentic Product Momentum
Studio360 and Agentic offerings seeing measurable adoption: roughly 3,500 eligible customers AI-enabled (~90% of base) and ~3,000 (~77%) actively using AI. Feature actions reached nearly 13 million in the quarter, up over 220% sequentially. Verity Prepare drove more than $20 million of platform ACV to date and customer count grew nearly 4x quarter-over-quarter.
Product Efficiency and Measurable Outcomes
Verity Accruals customers report closing up to 3 days faster and spending ~80% less time on accruals; Verity Prepare can deliver up to 94% reductions in preparation time; Verity Match (automated+AI) brings total match resolution to ~90% and cuts manual investigation time by ~2/3; Verity Remit reduces manual effort by >95% for top customers.
Customer Wins and Partnerships
Major new customer wins and expansions including Vodafone, a leading global market data platform, Royal Dutch Shell and other large enterprises. Subsequent to quarter end closed 2 of the top 6 largest U.S. banks on long-term 7-figure deals. Strong partner traction with Accenture, Capgemini, Deloitte, E&Y and KPMG; SAP remained 26% of revenue with SolEx/SAP opportunities advancing.
Capital Allocation and Share Repurchase
Repurchased 1.2 million shares for $38 million in the quarter; ended quarter with ~$180 million capacity remaining and Board approved an additional $100 million buyback (total available ~$280 million). Company expects to use ~100% of free cash flow for repurchases outside M&A for remainder of year.
Guidance and Forward Expectations
Q3 revenue guidance $193M–$195M (8.3%–9.4% growth); full-year revenue range maintained at $765M–$769M (9.2%–9.8% growth). Company expects non-GAAP operating margin expansion (Q3: 24.5%–25.5%; full year: 24.1%–24.6%) and anticipates exiting the year at double-digit growth with further acceleration in 2027. Management expects at least 2 points of incremental revenue growth next year from platform conversion and Agentic adoption.
MX:BL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed