Filing Flows › Bentley Systems (BSY) › Q3 2026 › vs Q2 2026
Bentley Systems (BSY) Q3 2026 vs Q2 2026 (quarter over quarter)
Bentley Systems's revenue rose $10.8M (+3%) from $411M in Q2 2026 to $422M in Q3 2026. The biggest changes: Subscriptions and licenses +$11.1M (+3%); Services −$328K (-1%). Gross margin 82.9% against 82.0% (+0.9 pts).
Bentley Systems, Q3 2026: revenue $422M (+12% year over year), operating margin 29.1%, net earnings $90.0M, operating cash flow $109M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 82.9% | 82.0% | +0.9 pts |
| Operating margin | 29.1% | 21.6% | +7.5 pts |
| Net margin | 21.4% | 19.1% | +2.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Enterprise subscriptions | $183M | $169M | $14.0M | +8% |
| Term license subscriptions | $136M | $143M | −$7.1M | -5% |
| SELECT subscriptions | $67.5M | $66.3M | $1.2M | +2% |
| Other | $18.7M | $18.5M | $155K | +0.8% |
| Perpetual licenses | $12.6M | $9.7M | $2.9M | +30% |
| Recurring | $3.4M | $3.9M | −$483K | -13% |
| Subscriptions and licenses | $399M | $388M | $11.1M | +3% |
| Services | $22.1M | $22.4M | −$328K | -1% |
| Revenue | $422M | $411M | $10.8M | +3% |
| Gross profit | $350M | $337M | $12.8M | +4% |
| Cost of revenue | $72.0M | $74.0M | −$2.0M | -3% |
| Operating profit | $123M | $88.6M | $34.0M | +38% |
| Operating expenses | $227M | $248M | −$21.2M | -9% |
| Pre-tax earnings | $116M | $95.1M | $20.5M | +22% |
| Other expense, net | $7.1M | −$6.5M | $13.5M | — |
| Research & development | $81.5M | $82.1M | −$622K | -0.8% |
| Sales & marketing | $76.6M | $80.9M | −$4.3M | -5% |
| General & admin | $61.5M | $65.2M | −$3.7M | -6% |
| Other operating costs | $7.4M | $20.0M | −$12.6M | -63% |
| Net earnings | $90.0M | $78.5M | $11.5M | +15% |
| Income tax | $25.5M | $16.6M | $8.9M | +54% |
| Share-based compensation | $21.9M | $22.7M | −$888K | -4% |
| Working capital & other | $2.4M | $45.8M | −$43.4M | -95% |
| Operating cash flow | $109M | $71.5M | $37.9M | +53% |
Questions
How much did Bentley Systems's revenue grow quarter over quarter in Q3 2026?
Bentley Systems's revenue rose $10.8M (+3%) from $411M in Q2 2026 to $422M in Q3 2026.
What drove Bentley Systems's revenue change in Q3 2026?
Subscriptions and licenses +$11.1M (+3%); Services −$328K (-1%).