Filing Flows › Bentley Systems (BSY) › Q2 2026 › vs Q1 2026
Bentley Systems (BSY) Q2 2026 vs Q1 2026 (quarter over quarter)
Bentley Systems's revenue fell $13.5M (-3%) from $424M in Q1 2026 to $411M in Q2 2026. Gross margin 82.0% against 82.6% (-0.6 pts).
Bentley Systems, Q2 2026: revenue $411M (+13% year over year), operating margin 21.6%, net earnings $78.5M, operating cash flow $71.5M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 82.0% | 82.6% | -0.6 pts |
| Operating margin | 21.6% | 29.8% | -8.2 pts |
| Net margin | 19.1% | 22.5% | -3.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $411M | $424M | −$13.5M | -3% |
| Gross profit | $337M | $350M | −$13.7M | -4% |
| Cost of revenue | $74.0M | $73.8M | $213K | +0.3% |
| Other income, net | $6.5M | −$7.7M | $14.2M | — |
| Operating profit | $88.6M | $126M | −$37.7M | -30% |
| Operating expenses | $248M | $224M | $24.0M | +11% |
| Pre-tax earnings | $95.1M | $119M | −$23.5M | -20% |
| Research & development | $82.1M | $83.0M | −$914K | -1% |
| Sales & marketing | $80.9M | $75.3M | $5.6M | +7% |
| General & admin | $65.2M | $58.5M | $6.7M | +11% |
| Other operating costs | $20.0M | $7.4M | $12.6M | +171% |
| Net earnings | $78.5M | $95.3M | −$16.8M | -18% |
| Income tax | $16.6M | $23.2M | −$6.5M | -28% |
| Depreciation & amortization | $16.1M | $16.1M | −$91K | -0.6% |
| Share-based compensation | $22.7M | $20.2M | $2.6M | +13% |
| Working capital & other | $45.8M | −$61.7M | $108M | — |
| Operating cash flow | $71.5M | $193M | −$122M | -63% |
Questions
How much did Bentley Systems's revenue grow quarter over quarter in Q2 2026?
Bentley Systems's revenue fell $13.5M (-3%) from $424M in Q1 2026 to $411M in Q2 2026. Gross margin 82.0% against 82.6% (-0.6 pts).