Bentley Systems (BSY) Net Margin (2019 - 2026)
Bentley Systems (BSY) posted quarterly Net Margin of 22.49% for Q1 2026, down 216.0% year-over-year from 19.39% in Q1 2025, and up 50.47% quarter-over-quarter from 14.95% in Q4 2025.
Bentley Systems (BSY) Net Margin (2019 - 2026) Analysis & Trends
Bentley Systems (BSY) has reported Net Margin for 8 consecutive years, with 22.49% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 216.0% year-over-year to 22.49%; the TTM figure through Mar 2026 stood at 18.12% (down 31.0% YoY), while the FY2025 annual figure was 18.5%, up 118.0% from the prior year.
- Net Margin improved to 22.49% in Q1 2026 per BSY's latest filing, from 14.95% in the prior quarter.
- Across five years, Net Margin topped out at 57.79% in Q4 2023 and bottomed at 8.96% in Q4 2022.
- Historically, Net Margin has averaged 19.77% across 5 years, with a median of 17.31% in 2023.
- Annual changes were most pronounced in 2023 — Net Margin jumped 4883 bps — and 2024, when it sank 4360 bps.
- Bentley Systems' Net Margin stood at 8.96% in 2022, then surged by 545 bps to 57.79% in 2023, then slumped by 75 bps to 14.19% in 2024, then grew by 5 bps to 14.95% in 2025, then soared by 50 bps to 22.49% in 2026.
- Business Quant data shows BSY's Net Margin at 22.49% in Q1 2026, 14.95% in Q4 2025, and 15.3% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 21.16% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 41.92% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 18.93% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 17.17% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 7.47% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -21.25% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 17.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 25.87% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 35.80% |
| 10 | Bentley Systems | 10.94 Bn | 10.79 Bn | 336.74 Mn | 19.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 19.10% |
| 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% |