Bentley Systems, Incorporated (BSY)

Bentley Systems Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	1,648	1,502	1,353	1,228	1,099	965.05
Revenue Growth	12.88%	10.99%	10.15%	11.77%	13.89%	20.40%
Gross Profit Gross Profit Growth	1,357	1,224	1,096	964.42	862.07	748.51
Operating Income Operating Income Growth	435.07	384.26	325.6	274.57	218.23	210.11
Net Income Net Income Growth	322.53	277.86	234.79	326.79	174.78	93.19
Earnings Per Share EPS Growth	1.01	0.85	0.72	1.00	0.55	0.30
EPS Growth	22.17%	18.02%	-27.86%	83.34%	82.41%	-28.57%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Enterprise Subscriptions Enterprise Subscriptions Growth	-	623.06	530.37	433.32	345.68	290.1
SELECT Subscriptions SELECT Subscriptions Growth	-	267.24	258.5	258.29	264.31	269.28
Term License Subscriptions Term License Subscriptions Growth	-	486.39	434.49	388.7	350.23	253.43
Perpetual Licenses Perpetual Licenses Growth	45.68	46.18	45.96	46.04	43.38	53.08
Services Services Growth	87.75	78.9	83.77	102.07	95.49	99.16
Revenue (Total) Revenue (Total) Growth	1,648	1,502	1,353	1,228	1,099	965.05

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	150.87	123.28	64.01	68.41	71.68	329.34
Total Debt Total Debt Growth	1,207	1,285	1,427	1,571	1,823	1,489
Net Cash (Debt) Net Cash Growth	-1,056	-1,161	-1,363	-1,502	-1,751	-1,159
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-3.27	-3.49	-4.08	-4.52	-5.28	-3.69

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	515.94	538.46	435.29	416.7	274.32	288.02
Capital Expenditures CapEx Growth	-26.68	-18.26	-14.05	-25	-18.55	-17.54
Free Cash Flow Free Cash Flow Growth	489.26	520.21	421.25	391.69	255.78	270.49
Free Cash Flow Growth	6.33%	23.49%	7.54%	53.14%	-5.44%	11.82%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	82.36%	81.52%	81.03%	78.51%	78.44%	77.56%
Operating Margin	26.40%	25.59%	24.06%	22.35%	19.86%	21.77%
Pretax Margin	24.58%	23.36%	21.67%	14.94%	17.84%	9.30%
Profit Margin	19.57%	18.50%	17.35%	26.60%	15.90%	9.66%
FCF Margin	29.69%	34.64%	31.13%	31.89%	23.27%	28.03%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 6, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.280	0.280	0.240	0.200	0.120	0.120
Dividend Per Share Growth	3.70%	16.67%	20.00%	66.67%	0%	300.00%
Dividend Yield	0.63%	0.73%	0.51%	0.38%	0.33%	0.25%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 6, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	43.85	43.18	62.66	50.11	65.54	159.65
Forward PE	29.37	29.92	41.78	57.53	44.43	65.06
P/FCF Ratio	28.50	23.07	34.92	41.81	44.79	55.01
PS Ratio	8.46	7.99	10.87	13.33	10.42	15.42

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Nov 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Nov 6, 2026

Data Sources Report a data error