Bentley Systems, Incorporated, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. The company is headquartered in Exton, Pennsylvania.
| Revenue (TTM) | $1.60B |
| Gross Profit (TTM) | $1.31B |
| EBITDA | $467.71M |
| Operating Margin | 25.00% |
| Return on Equity | 24.50% |
| Return on Assets | 7.20% |
| Revenue/Share (TTM) | $5.11 |
| Book Value | $3.80 |
| Price-to-Book | 10.57 |
| Price-to-Sales (TTM) | 8.42 |
| EV/Revenue | 8.87 |
| EV/EBITDA | 29.04 |
| Quarterly Earnings Growth (YoY) | 14.80% |
| Quarterly Revenue Growth (YoY) | 12.80% |
| Shares Outstanding | $290.58M |
| Float | $155.88M |
| % Insiders | 45.26% |
| % Institutions | 55.83% |
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Bentley Systems NASDAQ: BSY reported accelerating annual recurring revenue growth in the third quarter of 2026 and raised its full-year growth outlook, citing demand for infrastructure software and large expansions in its asset analytics business.
Bentley Systems, Incorporated (BSY) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.27 per share a year ago.
The headline numbers for Bentley Systems (BSY) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) today announced results for its third quarter ended September 30, 2026.
During the quarter, our Strategy returned -2.96%, versus the 2.31% gain for the Russell 3000 Value Index. Bentley Systems, a newly initiated position during the quarter, is an example of a stock getting heavily discounted by a negative top-down industry narrative, with defensible and compelling long-term prospects. Our biggest contributor to performance in Q3 was MarketAxess Holdings, which operates the largest corporate bond e-trading platform in the U.S.
Beyond analysts' top-and-bottom-line estimates for Bentley Systems (BSY), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2026.
Bentley Systems (BSY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
We believe Bentley Systems is attractive due to its strong free cash flow, high customer retention, and durable competitive advantages trading at a discount to our estimates of its long-term intrinsic value. We believe U.S. Physical Therapy may benefit from an aging population, increasing demand for outpatient rehabilitation services, and continued market consolidation. We exited the Essential Utilities position as the share price appreciated reducing the stock's potential upside and made its risk/reward profile less compelling redeploying the capital into what we view as higher conviction opportunities.
Bentley Systems, a newly initiated position during the quarter, is an example of a stock getting heavily discounted by a negative top-down industry narrative, with defensible and compelling long-term prospects. Watsco announced the acquisition of two separate family-run businesses. These acquisitions should increase revenue and cash flow by roughly 10%. We remained committed to MarketAxess stock for several reasons, including the fact that the company was exiting a heavy investment cycle, setting up strong operating leverage.
Bentley Systems is undervalued, with the market overlooking its AI integration and resilient, high-retention engineering software business. BSY's core business delivers 12% ARR growth, 109% net revenue retention, and a 31% trailing FCF margin, supporting its current 22x forward P/E multiple. AI-enabled MCP servers position BSY as a critical platform for engineering workflows, with monetization of AI usage planned for 2027 and potential TAM expansion.
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