# Bentley Systems Inc: overview

BSY · Nasdaq · CIK 1031308 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/bsy.md) · [Financials](/companies/bsy/financials.md) · [Filings](/companies/bsy/filings.md) · [Insiders](/companies/bsy/insiders.md)

Latest reported revenue: [$410.7m](/filings/0001031308-26-000023.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001031308-26-000023).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [335](/filings/0001031308-25-000015.md) | [350 d](/filings/0001031308-26-000007.md) | [371](/filings/0001031308-26-000017.md) | [364](/filings/0001031308-26-000023.md) | [376](/filings/0001031308-25-000015.md) | [392 d](/filings/0001031308-26-000007.md) | [424](/filings/0001031308-26-000017.md) | [411](/filings/0001031308-26-000023.md) |
| Gross margin | % | [80.7%](/filings/0001031308-25-000015.md) | [80.6% d](/filings/0001031308-26-000007.md) | [82.3%](/filings/0001031308-26-000017.md) | [81.1%](/filings/0001031308-26-000023.md) | [80.8%](/filings/0001031308-25-000015.md) | [81.9% d](/filings/0001031308-26-000007.md) | [82.6%](/filings/0001031308-26-000017.md) | [82.0%](/filings/0001031308-26-000023.md) |
| Operating margin | % | [20.5%](/filings/0001031308-25-000015.md) | [17.6% d](/filings/0001031308-26-000007.md) | [31.1%](/filings/0001031308-26-000017.md) | [23.2%](/filings/0001031308-26-000023.md) | [22.5%](/filings/0001031308-25-000015.md) | [20.0% d](/filings/0001031308-26-000007.md) | [29.8%](/filings/0001031308-26-000017.md) | [21.6%](/filings/0001031308-26-000023.md) |
| Net margin | % | [12.6%](/filings/0001031308-25-000015.md) | [14.3% d](/filings/0001031308-26-000007.md) | [24.7%](/filings/0001031308-26-000017.md) | [19.4%](/filings/0001031308-26-000023.md) | [15.3%](/filings/0001031308-25-000015.md) | [15.0% d](/filings/0001031308-26-000007.md) | [22.5%](/filings/0001031308-26-000017.md) | [19.1%](/filings/0001031308-26-000023.md) |
| Diluted EPS | $ per share | [0.13](/filings/0001031308-25-000015.md) | not reported | [0.28](/filings/0001031308-26-000017.md) | [0.22](/filings/0001031308-26-000023.md) | [0.18](/filings/0001031308-25-000015.md) | not reported | [0.30](/filings/0001031308-26-000017.md) | [0.25](/filings/0001031308-26-000023.md) |
| Free cash flow | $m | [84.3 d](/filings/0001031308-25-000015.md) | [76.1 d](/filings/0001031308-26-000007.md) | [216](/filings/0001031308-26-000017.md) | [57.0 d](/filings/0001031308-26-000023.md) | [111 d](/filings/0001031308-25-000015.md) | [136 d](/filings/0001031308-26-000007.md) | [188](/filings/0001031308-26-000017.md) | [63.8 d](/filings/0001031308-26-000023.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [965](/filings/0001031308-24-000002.md) | [1,099](/filings/0001031308-25-000002.md) | [1,228](/filings/0001031308-26-000007.md) | [1,353](/filings/0001031308-26-000007.md) | [1,502](/filings/0001031308-26-000007.md) |
| Gross margin | % | [77.6%](/filings/0001031308-24-000002.md) | [78.4%](/filings/0001031308-25-000002.md) | [78.3%](/filings/0001031308-26-000007.md) | [80.9%](/filings/0001031308-26-000007.md) | [81.5%](/filings/0001031308-26-000007.md) |
| Operating margin | % | [9.8%](/filings/0001031308-24-000002.md) | [19.0%](/filings/0001031308-25-000002.md) | [18.8%](/filings/0001031308-26-000007.md) | [22.3%](/filings/0001031308-26-000007.md) | [24.1%](/filings/0001031308-26-000007.md) |
| Net margin | % | [9.7%](/filings/0001031308-24-000002.md) | [15.9%](/filings/0001031308-25-000002.md) | [26.6%](/filings/0001031308-26-000007.md) | [17.4%](/filings/0001031308-26-000007.md) | [18.5%](/filings/0001031308-26-000007.md) |
| Diluted EPS | $ per share | [0.30](/filings/0001031308-24-000002.md) | [0.55](/filings/0001031308-25-000002.md) | [1.00](/filings/0001031308-26-000007.md) | [0.72](/filings/0001031308-26-000007.md) | [0.85](/filings/0001031308-26-000007.md) |
| Free cash flow | $m | [270](/filings/0001031308-24-000002.md) | [256](/filings/0001031308-25-000002.md) | [392](/filings/0001031308-26-000007.md) | [421](/filings/0001031308-26-000007.md) | [520](/filings/0001031308-26-000007.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/bsy/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2026-10-26 | [Bentley Raymond B.](/insiders/1825229.md) | Director, 10% owner | Sale (S) | 139,135 | $40.0544 | $5.6m | [Form 4](/filings/0001104659-26-119159.md) |
| 2026-10-23 | [Bentley Raymond B.](/insiders/1825229.md) | Director, 10% owner | Sale (S) | 16,662 | $40.0009 | $666.5k | [Form 4](/filings/0001104659-26-119159.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $480.3m | 16,067,886 |  | Reduced −737,360 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $284.0m | 9,501,795 |  | Added +514,996 |
| [NORGES BANK](/funds/1374170.md) | 2026-06-30 | $283.4m | 9,480,213 |  | New +9,480,213 |
| [Swedbank AB](/funds/946431.md) | 2026-06-30 | $269.0m | 9,000,000 |  | Unchanged |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $212.7m | 7,116,220 |  | Added +524,383 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $180.1m | 6,027,027 |  | Reduced −62,933 |
| [WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC](/funds/1644956.md) | 2026-06-30 | $177.6m | 5,942,507 |  | Added +2,619,784 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $150.5m | 5,036,633 |  | Added +119,897 |
| [ARROWSTREET CAPITAL, LIMITED PARTNERSHIP](/funds/1164508.md) | 2026-06-30 | $147.6m | 4,937,116 |  | Added +155,667 |
| [Pictet Asset Management Holding SA](/funds/1993888.md) | 2026-06-30 | $130.5m | 4,367,486 |  | Reduced −293,860 |

## Recent filings

[All 903 filings](/companies/bsy/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-11 | 16:05 ET | [8-K](/filings/0001031308-26-000026.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001031308-26-000026 |
| 2026-08-06 | 16:12 ET | [10-Q](/filings/0001031308-26-000023.md) | Quarterly report, period 2026-06-30 | 0001031308-26-000023 |
| 2026-08-06 | 07:05 ET | [8-K](/filings/0001031308-26-000020.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001031308-26-000020 |
| 2026-05-26 | 16:15 ET | [8-K](/filings/0001104659-26-066280.md) | 5.07 Shareholder vote results; 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-066280 |
| 2026-05-07 | 16:10 ET | [10-Q](/filings/0001031308-26-000017.md) | Quarterly report, period 2026-03-31 | 0001031308-26-000017 |
| 2026-05-07 | 07:04 ET | [8-K](/filings/0001031308-26-000014.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001031308-26-000014 |
| 2026-04-27 | 16:15 ET | [8-K](/filings/0001104659-26-049444.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001104659-26-049444 |
| 2026-04-10 | 16:15 ET | [DEF 14A](/filings/0001104659-26-042019.md) | Proxy statement, period 2026-05-21 | 0001104659-26-042019 |
| 2026-02-26 | 16:12 ET | [10-K](/filings/0001031308-26-000007.md) | Annual report, period 2025-12-31 | 0001031308-26-000007 |
| 2026-02-26 | 07:04 ET | [8-K](/filings/0001031308-26-000005.md) | 2.02 Results of operations; 8.01 Other events; 9.01 Financial statements and exhibits | 0001031308-26-000005 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001031308-26-000007.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/233425da-6d7f-4f1d-9084-ae6c833d5087)

## About the filer

- CIK: 1031308
- Tickers: BSY
- Exchange: Nasdaq
- SIC code: 7372 Services-Prepackaged Software
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 16:16 ET. No prices; not investment advice.