Filing Flows › Bentley Systems (BSY) › Q3 2026
Bentley Systems (BSY) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Bentley Systems (BSY) reported revenue of $422M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +3% from the quarter before. Operating margin was 29.1%, net earnings $90.0M (21.4% of revenue).
Bentley Systems, Q3 2026: revenue $422M (+12% year over year), operating margin 29.1%, net earnings $90.0M, operating cash flow $109M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $422M | +3% | +12% |
| Gross profit | $350M | +4% | +15% |
| Operating profit | $123M | +38% | +45% |
| Net earnings | $90.0M | +15% | +57% |
| Operating cash flow | $109M | +53% | -6% |
| Free cash flow | $101M | — | -8% |
What changed
Revenue was $421.5M in Q3 2026, up 12% year over year and up 3% from the previous quarter. Enterprise subscriptions was the largest line at 43% of revenue. Enterprise subscriptions added $25.7M year over year (up 16%), 56% of the total change. Recurring declined 5%.
Gross margin was 82.9%, up 2.2 points from Q3 2025. Operating profit was $122.6M, a 29.1% margin (up 6.6 points year over year). Of the extra revenue versus Q3 2025, 83% reached operating profit, above the 22% margin then. Operating expenses grew 4% against revenue growth of 12%. The fastest-growing cost line was General & admin (+14%). Net earnings were $89.9M, up 57% year over year. The effective tax rate was 22.1%.
Operating cash flow was $109.4M (down 6% year over year), 122% of net earnings. Non-cash charges added back $21.9M of share-based compensation. After purchases of property and equipment and investment in capitalized software ($8.0M), free cash flow as the company reports it was $101.4M.
Questions
What was Bentley Systems' revenue in the third quarter 2026?
Bentley Systems (BSY) reported revenue of $422M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +3% from the quarter before.
Was Bentley Systems profitable in the third quarter 2026?
Operating profit was $123M (29.1% of revenue) and net earnings $90.0M.
Source: Bentley Systems 10-Q on SEC EDGAR.