BENTLEY SYSTEMS INC earnings

Bentley Systems reported second-quarter fiscal 2026 revenue of $410.73 million, up 12.8% from the prior-year quarter. Constant currency revenue growth was 12.2%. First-half revenue reached $834.91 million, up 13.6% from the prior-year period.

Bentley Systems opened fiscal 2026 with revenue of $424.2 million, up 14.5% from the prior-year quarter, or 11.9% on a constant currency basis. Annualized recurring revenues reached $1,494.5 million as of March 31, 2026, against $1,319.3 million a year earlier, a constant currency ARR growth rate of 11.5%.

Bentley Systems closed fiscal 2025 with a strong Q4. Total revenues rose 11.9% to $391.6 million. Gross profit rose 13.8% to $320.7 million. Gross margin was 81.9%, up 1.3 percentage points. Operating income rose 27.8% to $78.5 million. Operating margin was 20.0%, up 2.5 percentage points.

Bentley Systems posted third-quarter fiscal 2025 total revenues of $375.5 million, up 12.0% from the prior-year quarter and up 10.6% in constant currency. Year to date, total revenues reached $1,110.2 million, up 10.7%. The growth engine remains subscriptions.

Bentley Systems posted second-quarter fiscal 2025 revenue of $364.1 million, up 10.2% year over year and up 9.2% on a constant currency basis. Year-to-date revenue was $734.6 million, up 10.0%. Gross profit was $295.3 million, up 10.6%, and gross margin reached 81.1%, up 0.2 percentage points.

Bentley Systems reported first-quarter fiscal 2025 total revenues of $370.5 million, up 9.7% from the prior-year quarter and up 10.9% on a constant currency basis. Subscriptions revenues, the largest part of the business, rose 11.5%, or 12.7% on a constant currency basis.

Bentley Systems closed fiscal 2024 with fourth quarter revenue of $349.82 million, up 12.6% from the prior-year quarter. Gross profit was $281.91 million, up 16.1%, and gross margin reached 80.6%, up 2.4 percentage points.

Bentley Systems reported third quarter fiscal 2024 revenue of $335.2 million, up 9.3% from the prior-year quarter. Gross profit rose 11.7% to $270.3 million, and gross margin expanded to 80.7% from 78.9%, up 1.8 percentage points. The top line and gross margin improved, but operating income fell 6.9% to $68.6 million.

Bentley Systems reported fiscal 2024 second quarter total revenues of $330.3 million, up 11.3%, or 11.9% on a constant currency basis. For the first six months, total revenues were $668.1 million, up 9.3%, or 9.5% on a constant currency basis.

Bentley Systems reported first quarter fiscal 2024 results on May 7, 2024. Total revenues were $337.8 million, up 7.4% year over year, or 7.2% on a constant currency basis. Subscriptions revenues grew 10.5% and represented 91% of total revenues.

Bentley Systems closed fiscal 2023 with fourth quarter revenue of $310.6 million, up 8.3% from the prior-year quarter. Full-year revenue of $1.23 billion rose 11.8%. Gross profit moved along the same line: $242.8 million in the quarter, up 8.1%, and $962.3 million for the year, up 11.6%.

Bentley Systems reported third-quarter revenue of $306.6 million, up 14.3% from the prior-year quarter. Nine-month revenue reached $917.8 million, up 13.0%. Gross profit was $241.9 million for the quarter, up 15.7%, and $719.5 million for the nine months, up 12.9%.

Bentley Systems reported second quarter fiscal 2023 total revenues of $296.7 million, up 10.6% from the prior-year quarter, or 10.1% on a constant currency basis. Six-month revenues reached $611.2 million, up 12.4% from the prior-year period, or 13.6% in constant currency.

Bentley Systems reported first quarter fiscal 2023 results with revenue of $314.4 million, up 14.1% year over year, or 17.1% on a constant currency basis. Gross profit was $247.2 million, up 12.5%. Gross margin was 78.6%, down 1.1 percentage points.

Bentley Systems closed fiscal 2022 with fourth-quarter total revenues of $286.9 million, up 7.2% from the prior-year quarter and up 12.7% in constant currency. Full-year revenue reached $1,099.1 million, up 13.9% as reported and 19.8% in constant currency.

Bentley Systems reported third quarter fiscal 2022 total revenues of $268.3 million, up 6.7% from the prior-year quarter. Constant currency growth was 14.7%. Annualized recurring revenue reached $983.7 million as of September 30, 2022, with a constant currency ARR growth rate of 14%.

Bentley Systems posted a solid second quarter of 2022. Total revenues were $268.3 million, up 19.8% year over year, or 26.2% in constant currency. Gross profit rose to $208.6 million, up 22.4%, and gross margin improved to 77.7%, up 1.6 percentage points.

Bentley Systems closed its fiscal 2022 first quarter with total revenue of $275.5 million, up 24.1% from the prior-year quarter and up 27.7% on a constant currency basis. Gross profit rose 27.2% to $219.7 million, lifting gross margin to 79.8%, up 2.0 percentage points.

Bentley Systems closed its first full year as a public company with strong top-line growth but softer GAAP profitability. Fourth-quarter revenue rose 23.7% to $271.63 million from the prior-year quarter, and full-year revenue increased 20.4% to $965.05 million.

Bentley Systems posted third-quarter 2021 revenue of $248.5 million, an increase of 22.4% from $203.0 million in the same quarter a year earlier. Adjusted total revenues came in at $251.4 million, up 23.7%, and adjusted subscriptions revenues were $215.1 million, up 24.0%.

Bentley Systems reported second fiscal quarter 2021 revenue of $222.9 million, up 21.0% from the prior-year quarter. Six-month revenue reached $444.9 million, up 17.4%. Acquisitions and currency did much of the work.

Bentley Systems reported first quarter fiscal 2021 revenue of $222.0 million, up 14.0% from $194.7 million in the prior-year quarter. Gross profit rose 9.7% to $172.7 million, but gross margin slipped to 77.8% from 80.9%, a decline of 3.1 percentage points.

Bentley Systems completed a successful quarter following its recent IPO, demonstrating resilience amidst challenging global circumstances.

Bentley Systems, a leading infrastructure software provider, executed its IPO this quarter, marking a significant milestone. The IPO did not see the firm selling any shares or receiving any proceeds, as shares sold were by existing stakeholders.