Bentley Systems (BSY) Net Margin (2019 - 2026)
Bentley Systems (BSY) reported Net Margin of 22.48% for Q1 2026, down 214.0% year-over-year from 19.72% in Q1 2025, and up 50.61% quarter-over-quarter from 14.93% in Q4 2025.
Bentley Systems (BSY) Net Margin (2019 - 2026) Analysis & Trends
Bentley Systems (BSY) has 8 years of Net Margin data on file, last reported at 22.48% in Q1 2026.
- Net Margin for Q1 2026 came in at 22.48%, down 214.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.1% (down 21.0% YoY), and the FY2025 annual result was 18.49%, up 118.0% from the prior year.
- Net Margin grew to 22.48% in Q1 2026 per BSY's latest filing, from 14.93% in the prior quarter.
- Over five years, Net Margin peaked at 57.56% in Q4 2023 and troughed at 8.96% in Q4 2022.
- A 5-year average of 19.67% and a median of 17.08% in 2023 frame the typical range for Net Margin.
- The sharpest annual moves came in 2023 and 2024: Net Margin surged 4860 bps in 2023, then sank 4341 bps in 2024.
- A 5-year view of Net Margin shows it stood at 8.96% in 2022, then jumped by 542 bps to 57.56% in 2023, then plunged by 75 bps to 14.15% in 2024, then increased by 5 bps to 14.93% in 2025, then jumped by 51 bps to 22.48% in 2026.
- Business Quant data shows BSY's Net Margin at 22.48% in Q1 2026, 14.93% in Q4 2025, and 15.29% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.33% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 18.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 22.77% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.44% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 22.90% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 25.87% |
| 10 | Bentley Systems | 9.52 Bn | 9.41 Bn | 350.41 Mn | 22.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.48% |
| Dec 31, 2025 | 14.93% |
| Sep 30, 2025 | 15.29% |
| Jun 30, 2025 | 19.31% |
| Mar 31, 2025 | 24.62% |
| Dec 31, 2024 | 14.15% |
| Sep 30, 2024 | 12.43% |
| Jun 30, 2024 | 21.59% |
| Mar 31, 2024 | 20.61% |
| Dec 31, 2023 | 57.56% |
| Sep 30, 2023 | 17.08% |
| Jun 30, 2023 | 16.17% |
| Mar 31, 2023 | 14.24% |
| Dec 31, 2022 | 8.96% |
| Sep 30, 2022 | 13.78% |
| Jun 30, 2022 | 20.75% |
| Mar 31, 2022 | 20.46% |
| Dec 31, 2021 | 14.41% |
| Sep 30, 2021 | -19.10% |
| Jun 30, 2021 | 20.38% |