Bentley Systems (BSY) Tax Rate (2019 - 2026)
Bentley Systems' (BSY) quarterly Tax Rate came in at 19.53% in Q1 2026, up 121.0% year-on-year from 8.84% in Q1 2025, and down 14.61% on a QoQ basis from 22.87% in Q4 2025.
Bentley Systems (BSY) Tax Rate (2019 - 2026) Analysis & Trends
Bentley Systems (BSY) has 8 years of Tax Rate data on file, last reported at 19.53% in Q1 2026.
- On a quarterly basis, Tax Rate rose 121.0% year-over-year to 19.53% in Q1 2026; TTM through Mar 2026 was 21.16%, a 292.0% increase from a year earlier, with the FY2025 full-year figure at 20.81%, up 77.0% from the prior year.
- Tax Rate for Q1 2026 stood at 19.53%, down from 22.87% in the prior quarter.
- Over the last five years, Tax Rate for BSY reached as high as 33.36% in Q4 2022 and fell as low as 1166.56% in Q4 2023.
- Historically, Tax Rate has averaged 52.89% across 5 years, with a median of 19.53% in 2026.
- Across the five-year window, Tax Rate plunged 119992 bps in 2023 and surged 118932 bps in 2024, its largest moves.
- Year by year, Tax Rate stood at 33.36% in 2022, then sank by 3596 bps to 1166.56% in 2023, then soared by 102 bps to 22.76% in 2024, then climbed by 1 bps to 22.87% in 2025, then decreased by 15 bps to 19.53% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 19.53% in Q1 2026, 22.87% in Q4 2025, and 31.37% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -29.13% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -18.42% |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 8.36% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 39.11% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 22.57% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 31.96% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 23.68% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 0.37% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 21.59% |
| 10 | Bentley Systems | 9.42 Bn | 9.31 Bn | 350.41 Mn | 19.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.53% |
| Mar 31, 2026 | 19.53% |
| Mar 31, 2026 | 19.53% |
| Dec 31, 2025 | 22.87% |
| Dec 31, 2025 | 22.87% |
| Dec 31, 2025 | 22.87% |
| Sep 30, 2025 | 31.37% |
| Sep 30, 2025 | 31.37% |
| Sep 30, 2025 | 31.37% |
| Jun 30, 2025 | 11.19% |
| Jun 30, 2025 | 11.19% |
| Jun 30, 2025 | 11.19% |
| Mar 31, 2025 | 18.32% |
| Mar 31, 2025 | 18.32% |
| Mar 31, 2025 | 18.32% |
| Dec 31, 2024 | 22.76% |
| Dec 31, 2024 | 22.76% |
| Dec 31, 2024 | 22.76% |
| Sep 30, 2024 | 28.06% |
| Sep 30, 2024 | 28.06% |