Bentley Systems (BSY) Gross Margin (2019 - 2026)
Bentley Systems' (BSY) quarterly Gross Margin came in at 82.61% in Q1 2026, up 33.0% year-on-year from 62.11% in Q1 2025, and up 0.87% on a QoQ basis 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.
- On a quarterly basis, Gross Margin rose 33.0% year-over-year to 82.61% in Q1 2026; TTM through Mar 2026 was 81.64%, a 51.0% increase from a year earlier, with the FY2025 full-year figure at 81.52%, up 57.0% from the prior year.
- Gross Margin for Q1 2026 stood at 82.61%, up from 81.89% in the prior quarter.
- Over the last five years, Gross Margin for BSY reached as high as 82.61% in Q1 2026 and fell as low as 77.62% in Q2 2023.
- Historically, Gross Margin has averaged 79.97% across 5 years, with a median of 80.59% in 2024.
- Across the five-year window, Gross Margin tumbled 112 bps in 2023 and surged 325 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 78.27% in 2022, then decreased by 0 bps to 78.18% in 2023, then grew by 3 bps to 80.59% in 2024, then increased by 2 bps to 81.89% in 2025, then grew by 1 bps to 82.61% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 82.61% in Q1 2026, 81.89% in Q4 2025, and 80.78% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Bentley Systems | 9.42 Bn | 9.31 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% |