Bentley Systems Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,555	1,502	1,353	1,228	1,099	965.05
Revenue Growth (YoY)	12.23%	10.99%	10.15%	11.77%	13.89%	20.40%
Cost of Revenue	285.65	277.53	257.77	266.08	237.01	216.54
Gross Profit	1,270	1,224	1,095	962.33	862.07	748.51
Selling, General & Admin	530.37	506.88	465.55	405.07	370.27	312.36
Depreciation & Amortization Expenses	33	32.77	34	38.52	41.11	25.6
Research & Development	318.13	307.58	281.25	274.62	257.86	220.92
Other Operating Expenses	14.58	14.41	12.38	13.58	-15.78	95.05
Total Operating Expenses	896.08	861.63	793.18	731.79	653.46	653.92
Operating Income	373.7	362.62	302.15	230.54	208.61	94.59
Interest Expense	-16.83	-12.44	-22.04	-39.79	-34.64	-11.22
Other Non-Operating Income (Expense)	0.6	0.55	12.95	-7.22	24.3	9.96
Total Non-Operating Income (Expense)	-16.23	-11.89	-9.1	-47.02	-10.34	-1.26
Pretax Income	357.47	350.73	293.06	183.53	198.28	93.33
Provision for Income Taxes	75.64	72.98	58.73	-143.24	21.28	-3.45
Net Income	281.88	277.86	234.79	326.79	174.78	93.19
Minority Interest in Earnings	-0.06	-0.11	-0.46	-0.02	2.21	3.59
Net Income to Common	281.88	277.86	234.79	326.79	174.78	93.19
Net Income Growth	10.18%	18.35%	-28.15%	86.97%	87.55%	-26.21%
Shares Outstanding (Basic)	314	315	315	312	309	306
Shares Outstanding (Diluted)	330	333	334	333	332	315
Shares Change (YoY)	-1.07%	-0.21%	0.38%	0.22%	5.45%	5.09%
EPS (Basic)	0.90	0.88	0.75	1.05	0.57	0.30
EPS (Diluted)	0.88	0.85	0.72	1.00	0.55	0.30
EPS Growth	11.39%	18.06%	-28.00%	81.82%	83.33%	-28.57%
Shares Outstanding	303.61	302.36	301.98	296.27	289.01	282.53
Free Cash Flow	491.7	520.21	421.25	391.69	255.78	270.49
Free Cash Flow Growth	-5.48%	23.49%	7.54%	53.14%	-5.44%	11.82%
Free Cash Flow Per Share	1.49	1.56	1.26	1.18	0.77	0.86
Dividends Per Share	0.280	0.280	0.240	0.200	0.120	0.120
Dividend Growth	-	16.67%	20.00%	66.67%	-	300.00%
Gross Margin	81.64%	81.52%	80.95%	78.34%	78.44%	77.56%
Operating Margin	24.03%	24.15%	22.33%	18.77%	18.98%	9.80%
Profit Margin	18.12%	18.50%	17.32%	26.60%	16.10%	10.03%
FCF Margin	31.61%	34.64%	31.13%	31.89%	23.27%	28.03%
EBITDA	440.08	428.5	366.76	302.4	280.15	147.38
EBITDA Margin	28.29%	28.53%	27.11%	24.62%	25.49%	15.27%
EBIT	373.7	362.62	302.15	230.54	208.61	94.59
EBIT Margin	24.03%	24.15%	22.33%	18.77%	18.98%	9.80%
Effective Tax Rate	21.16%	20.81%	20.04%	-78.05%	10.73%	-3.69%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q