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| Date | Value |
|---|---|
| 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% |