Bentley Systems (BSY) Net Margin (2019 - 2026)
Bentley Systems' (BSY) quarterly Net Margin came in at 22.49% in Q1 2026, down 216.0% year-on-year from 19.39% in Q1 2025, and up 50.47% on a QoQ basis from 14.95% 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 22.49% in Q1 2026.
- On a quarterly basis, Net Margin fell 216.0% year-over-year to 22.49% in Q1 2026; TTM through Mar 2026 was 18.12%, a 31.0% decrease from a year earlier, with the FY2025 full-year figure at 18.5%, up 118.0% from the prior year.
- Net Margin for Q1 2026 stood at 22.49%, up from 14.95% in the prior quarter.
- Over the last five years, Net Margin for BSY reached as high as 57.79% in Q4 2023 and fell as low as 8.96% in Q4 2022.
- Historically, Net Margin has averaged 19.77% across 5 years, with a median of 17.31% in 2023.
- Across the five-year window, Net Margin surged 4883 bps in 2023 and tumbled 4360 bps in 2024, its largest moves.
- Year by year, Net Margin stood at 8.96% in 2022, then jumped by 545 bps to 57.79% in 2023, then slumped by 75 bps to 14.19% in 2024, then rose by 5 bps to 14.95% in 2025, then surged by 50 bps to 22.49% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 22.49% in Q1 2026, 14.95% in Q4 2025, and 15.3% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | -18.33% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 2.29% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 18.93% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 7.47% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 22.90% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -21.25% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 22.77% |
| 10 | Bentley Systems | 9.42 Bn | 9.31 Bn | 350.41 Mn | 22.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.49% |
| Dec 31, 2025 | 14.95% |
| Sep 30, 2025 | 15.30% |
| Jun 30, 2025 | 19.35% |
| Mar 31, 2025 | 24.65% |
| Dec 31, 2024 | 14.19% |
| Sep 30, 2024 | 12.64% |
| Jun 30, 2024 | 21.80% |
| Mar 31, 2024 | 20.81% |
| Dec 31, 2023 | 57.79% |
| Sep 30, 2023 | 17.31% |
| Jun 30, 2023 | 16.41% |
| Mar 31, 2023 | 14.47% |
| 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% |