Bentley Systems (BSY) FCF Margin (2019 - 2026)

Bentley Systems' (BSY) quarterly FCF Margin came in at 44.29% in Q1 2026, down 1411.0% year-on-year from 3.38% in Q1 2025, and up 27.36% on a QoQ basis from 34.77% in Q4 2025.

Bentley Systems (BSY) FCF Margin (2019 - 2026) Analysis & Trends

Bentley Systems (BSY) has 8 years of FCF Margin data on file, last reported at 44.29% in Q1 2026.

  • On a quarterly basis, FCF Margin fell 1411.0% year-over-year to 44.29% in Q1 2026; TTM through Mar 2026 was 31.61%, a 13.0% increase from a year earlier, with the FY2025 full-year figure at 34.64%, up 351.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 44.29%, up from 34.77% in the prior quarter.
  • Over the last five years, FCF Margin for BSY reached as high as 59.62% in Q1 2024 and fell as low as 10.65% in Q4 2022.
  • Historically, FCF Margin has averaged 31.03% across 5 years, with a median of 25.15% in 2024.
  • Across the five-year window, FCF Margin slumped 2321 bps in 2022 and jumped 1928 bps in 2023, its largest moves.
  • Year by year, FCF Margin stood at 10.65% in 2022, then surged by 145 bps to 26.06% in 2023, then dropped by 17 bps to 21.75% in 2024, then surged by 60 bps to 34.77% in 2025, then gained by 27 bps to 44.29% in 2026.
  • Per Business Quant data, the three most recent FCF Margin figures were 44.29% in Q1 2026, 34.77% in Q4 2025, and 29.47% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 39.26%
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 15.02%
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 17.31%
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 58.89%
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 11.86%
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 36.83%
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 16.73%
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 20.82%
10 Bentley Systems 9.42 Bn 9.31 Bn 350.41 Mn 44.29%

Historic Data

Download Data
DateValue
Mar 31, 2026 44.29%
Dec 31, 2025 34.77%
Sep 30, 2025 29.47%
Jun 30, 2025 15.65%
Mar 31, 2025 58.39%
Dec 31, 2024 21.75%
Sep 30, 2024 25.15%
Jun 30, 2024 18.01%
Mar 31, 2024 59.62%
Dec 31, 2023 26.06%
Sep 30, 2023 21.26%
Jun 30, 2023 24.81%
Mar 31, 2023 54.69%
Dec 31, 2022 10.65%
Sep 30, 2022 23.51%
Jun 30, 2022 24.07%
Mar 31, 2022 35.41%
Dec 31, 2021 27.72%
Sep 30, 2021 20.68%
Jun 30, 2021 6.31%