Bentley Systems, Incorporated income statement BSY

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Bentley Systems, Incorporated reported revenue of $1.5 billion, up 11.0% from the year before. Net income was $277.9 million, a profit margin of 18.5%. Operating income came to $362.6 million, an operating margin of 24.1%. Diluted earnings per share were $0.85. Over the twelve months ended Sep 30, 2026, revenue was $1.6 billion and net income was $322.5 million. Across the 7 fiscal years shown, revenue grew from $734.8 million in fiscal 2020 to $1.5 billion in fiscal 2025, about 12.7% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2020 Dec 31, 2019
Revenue	1,648 +12.9%	1,502 +11.0%	1,353 +10.1%	1,228 +11.8%	1,099 +13.9%	965 +20.4%	802	735
Cost of revenue	291 +5.9%	278 +7.7%	258 -3.1%	266 +12.3%	237 +9.5%	217 +29.5%	167	—
Gross profit	1,357 +14.5%	1,224 +11.8%	1,095 +13.8%	962 +11.6%	862 +15.2%	749 +18.0%	634	—
Research and development	328 +7.9%	308 +9.4%	281 +2.4%	275 +6.5%	258 +16.7%	221 +19.1%	186	—
Selling, general and administrative	569 +15.5%	507 +8.9%	466 +14.9%	405 +9.4%	370 +18.5%	312 +21.5%	257	—
Operating income	416 +20.4%	363 +20.0%	302 +31.1%	231 +10.5%	209 +120.5%	95 -37.0%	150	—
Pretax income	405 +19.4%	351 +19.7%	293 +59.7%	184 -7.4%	198 +112.4%	93 -44.3%	168	—
Equity in earnings of affiliates	0 +1120.0%	0 -63.5%	0 +447.4%	0 +100.9%	-2 +38.3%	-4 -44.9%	-2	—
Income tax	83 +17.6%	73 +24.3%	59 +141.0%	-143 -773.0%	21 +717.3%	-3 -108.9%	39	—
Net income	323 +19.8%	278 +18.3%	235 -28.2%	327 +87.0%	175 +87.5%	93 -26.3%	127	—
Basic EPS	1.03 +20.8%	0.88 +17.3%	0.75 -28.6%	1.05 +84.2%	0.57 +90.0%	0.30 -31.8%	0.44	—
Diluted EPS	1.00 +23.7%	0.85 +18.1%	0.72 -28.0%	1.00 +81.8%	0.55 +83.3%	0.30 -28.6%	0.42	—
Weighted average shares, basic	312 -0.8%	315 -0.1%	315 +0.8%	312 +1.0%	309 +1.1%	306 +5.5%	290	—
Weighted average shares, diluted	323 -3.2%	333 -0.2%	334 +0.4%	333 +0.2%	332 +5.5%	315 +5.1%	299	—
Other measures
Depreciation and amortization	—	—	—	—	72 +35.5%	53 +46.2%	36	36
EBITDA	—	—	—	—	280 +90.1%	147 -20.9%	186	—
Interest coverage	—	—	—	—	5.95x	8.21x	20.81x	—
Margins
Gross margin	82.37%	81.52%	80.95%	78.34%	78.44%	77.56%	79.15%	—
Operating margin	25.24%	24.15%	22.33%	18.77%	18.98%	9.80%	18.73%	—
Pretax margin	24.58%	23.35%	21.66%	14.94%	18.04%	9.67%	20.91%	—
Profit margin	19.57%	18.50%	17.35%	26.60%	15.90%	9.66%	15.78%	—
EBITDA margin	—	—	—	—	25.49%	15.27%	23.24%	—
Effective tax rate	20.40%	20.81%	20.04%	-78.05%	10.73%	-3.69%	23.04%	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Services-Prepackaged Software (SIC 7372)
Listed as: BSY (Nasdaq)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Exton, PA
SEC filer status: Large accelerated filer
SEC CIK: 1031308

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.