Bentley Systems (BSY) Tax Rate (2019 - 2026)
Bentley Systems (BSY) reported Tax Rate of 19.53% for Q1 2026, up 121.0% year-over-year from 8.84% in Q1 2025, and down 14.61% on a QoQ basis from 22.87% in Q4 2025.
Bentley Systems (BSY) has 8 years of Tax Rate data on file, last reported at 19.53% in Q1 2026.
- Quarterly Tax Rate rose 121.0% year-over-year to 19.53% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.16% (up 292.0% YoY) and the FY2025 annual result came in at 20.81%, up 77.0% from the prior year.
- Tax Rate slipped to 19.53% in Q1 2026 per BSY's latest filing, from 22.87% in the prior quarter.
- Across five years, Tax Rate topped out at 33.36% in Q4 2022 and bottomed at 1166.56% in Q4 2023.
- The 5-year median for Tax Rate is 19.53% (2026), against an average of 52.89%.
- The widest annual swing landed in 2023, when Tax Rate plunged 119992 bps; it then surged 118932 bps in 2024.
- Tracing BSY's Tax Rate over 5 years: stood at 33.36% in 2022, then slumped by 3596 bps to 1166.56% in 2023, then jumped by 102 bps to 22.76% in 2024, then grew by 1 bps to 22.87% in 2025, then slipped by 15 bps to 19.53% in 2026.
- Per Business Quant, the three latest BSY Tax Rate figures stand at 19.53% (Q1 2026), 22.87% (Q4 2025), and 31.37% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | - |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 25.31 |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 39.11 |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 8.36 |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 30.31 |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 21.59 |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 22.01 |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 23.68 |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 24.29 |
| 10 | Bentley Systems | 10.37 Bn | 10.26 Bn | 350.41 Mn | 19.53 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.53 |
| Mar 31, 2026 | 19.53 |
| Dec 31, 2025 | 22.87 |
| Dec 31, 2025 | 22.87 |
| Sep 30, 2025 | 31.37 |
| Sep 30, 2025 | 31.37 |
| Jun 30, 2025 | 11.19 |
| Jun 30, 2025 | 11.19 |
| Mar 31, 2025 | 18.32 |
| Mar 31, 2025 | 18.32 |
| Dec 31, 2024 | 22.76 |
| Dec 31, 2024 | 22.76 |
| Sep 30, 2024 | 28.06 |
| Sep 30, 2024 | 28.06 |
| Jun 30, 2024 | 6.89 |
| Jun 30, 2024 | 6.89 |
| Mar 31, 2024 | 24.04 |
| Mar 31, 2024 | 24.04 |
| Dec 31, 2023 | -1,166.56 |
| Dec 31, 2023 | -1,166.56 |
| Sep 30, 2023 | 23.73 |
| Sep 30, 2023 | 23.73 |
| Jun 30, 2023 | -8.71 |
| Jun 30, 2023 | -8.71 |
| Mar 31, 2023 | 17.26 |
| Mar 31, 2023 | 17.26 |
| Dec 31, 2022 | 33.36 |
| Dec 31, 2022 | 33.36 |
| Sep 30, 2022 | 20.41 |
| Sep 30, 2022 | 20.41 |
| Jun 30, 2022 | -9.06 |
| Jun 30, 2022 | -9.06 |
| Mar 31, 2022 | 5.37 |
| Mar 31, 2022 | 5.37 |
| Dec 31, 2021 | 4.02 |
| Dec 31, 2021 | 4.02 |
| Sep 30, 2021 | -11.87 |
| Sep 30, 2021 | -11.87 |
| Jun 30, 2021 | -75.87 |
| Jun 30, 2021 | -75.87 |
| Mar 31, 2021 | 15.28 |
| Mar 31, 2021 | 15.28 |
| Dec 31, 2020 | 23.73 |
| Dec 31, 2020 | 23.73 |
| Sep 30, 2020 | 62.49 |
| Sep 30, 2020 | 62.49 |
| Jun 30, 2020 | 9.72 |
| Jun 30, 2020 | 9.72 |
| Mar 31, 2020 | 19.30 |
| Mar 31, 2020 | 19.30 |
| Dec 31, 2019 | 24.20 |
| Dec 31, 2019 | 24.20 |
| Sep 30, 2019 | 24.53 |
| Sep 30, 2019 | 24.53 |
| Jun 30, 2019 | 4.11 |
| Jun 30, 2019 | 4.11 |