Bentley Systems (BSY) Gross Margin (2019 - 2026)
Bentley Systems (BSY) reported Gross Margin of 82.61% for Q1 2026, up 33.0% year-over-year from 62.11% in Q1 2025, and up 0.87% quarter-over-quarter from 81.89% in Q4 2025.
Bentley Systems (BSY) Gross Margin (2019 - 2026) Analysis & Trends
Bentley Systems (BSY) has 8 years of Gross Margin data on file, last reported at 82.61% in Q1 2026.
- Gross Margin for Q1 2026 came in at 82.61%, up 33.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 81.64% (up 51.0% YoY), and the FY2025 annual result was 81.52%, up 57.0% from the prior year.
- Gross Margin climbed to 82.61% in Q1 2026 per BSY's latest filing, from 81.89% in the prior quarter.
- Over five years, Gross Margin peaked at 82.61% in Q1 2026 and troughed at 77.62% in Q2 2023.
- A 5-year average of 79.97% and a median of 80.59% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin sank 112 bps in 2023, then jumped 325 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 78.27% in 2022, then declined by 0 bps to 78.18% in 2023, then gained by 3 bps to 80.59% in 2024, then advanced by 2 bps to 81.89% in 2025, then gained by 1 bps to 82.61% in 2026.
- Business Quant data shows BSY's Gross Margin at 82.61% in Q1 2026, 81.89% in Q4 2025, and 80.78% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Bentley Systems | 9.52 Bn | 9.41 Bn | 350.41 Mn | 82.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 82.61% |
| Dec 31, 2025 | 81.89% |
| Sep 30, 2025 | 80.78% |
| Jun 30, 2025 | 81.11% |
| Mar 31, 2025 | 82.28% |
| Dec 31, 2024 | 80.59% |
| Sep 30, 2024 | 80.66% |
| Jun 30, 2024 | 80.87% |
| Mar 31, 2024 | 81.69% |
| Dec 31, 2023 | 78.18% |
| Sep 30, 2023 | 78.91% |
| Jun 30, 2023 | 77.62% |
| Mar 31, 2023 | 78.63% |
| Dec 31, 2022 | 78.27% |
| Sep 30, 2022 | 77.94% |
| Jun 30, 2022 | 77.75% |
| Mar 31, 2022 | 79.75% |
| Dec 31, 2021 | 77.75% |
| Sep 30, 2021 | 78.43% |
| Jun 30, 2021 | 76.13% |