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Bentley Systems vs Guidewire Software: BSY and GWRE compared
Bentley Systems is the larger company: $422M of revenue in its latest quarter (Q3 2026) against $411M for Guidewire Software (Q4 FY26). Guidewire Software is growing faster (+15% against +12% a year earlier). Bentley Systems is more profitable, with an operating margin of 29.1% against 15.2%.
Where the money goes: BSY and GWRE
Bentley Systems (BSY) · Q3 2026
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.
Guidewire Software (GWRE) · Q4 FY26
Guidewire Software, Q4 FY26: revenue $411M (+15% year over year), operating margin 15.2%, net earnings $31.4M, operating cash flow $284M. The chart follows the revenue to costs, profit and cash.
| Bentley Systems (BSY) | Guidewire Software (GWRE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $422M | $411M |
| Revenue growth, Y/Y | +12% | +15% |
| Gross margin | 82.9% | 65.6% |
| Operating margin | 29.1% | 15.2% |
| Net earnings | $90.0M | $31.4M |
| Net margin | 21.4% | 7.6% |
| Operating cash flow | $109M | $284M |
| Free cash flow | $101M | $282M |
| Market value | $14.2B | $13.7B |
| P/E | 44.0× | 98.6× |
| Analysts’ mean target | $44.67 | $213.64 |
Where the revenue comes from
Bentley Systems
- Subscriptions and licenses: $399M (95%)
- Services: $22.1M (5%)
Guidewire Software
- Subscription and support: $267M (65%)
- License: $77.1M (19%)
- Services: $67.3M (16%)
Questions
Which is bigger, Bentley Systems or Guidewire Software?
Bentley Systems is the larger company: $422M of revenue in its latest quarter (Q3 2026) against $411M for Guidewire Software (Q4 FY26).
Is Bentley Systems or Guidewire Software growing faster?
Guidewire Software is growing faster (+15% against +12% a year earlier).
Which is more profitable, Bentley Systems or Guidewire Software?
Bentley Systems is more profitable, with an operating margin of 29.1% against 15.2%.
More: Bentley Systems earnings · how Bentley Systems makes money · Guidewire Software earnings · how Guidewire Software makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-K filed Sep 11, 2026). Fiscal quarters can end on different dates. Not investment advice.