$BSY · BENTLEY SYSTEMS INC
Bentley Systems reported Q3 FY2026 results (quarter ended September 30, 2026). Total revenues were $421.5M, up 12.2% year-over-year (12.7% constant currency); subscriptions revenue was $386.8M, up 12.4%. ARR reached $1,582.8M versus $1,405.2M a year earlier, a 13% constant-currency growth rate. GAAP diluted EPS was $0.29 (vs $0.18) and adjusted EPS was $0.36 (vs $0.27). Operating income margin expanded to 29.1% from 22.5%.
- Total revenues $421.5M, up 12.2% YoY (12.7% constant currency).
- ARR $1,582.8M as of Sept 30, 2026, up from $1,405.2M; constant-currency ARR growth 13%.
- GAAP diluted EPS $0.29 vs $0.18; adjusted EPS $0.36 vs $0.27.
- Operating income margin 29.1% vs 22.5% a year ago.
- Operating cash flow $109.4M, down from $116.4M; free cash flow $101.4M vs $110.7M.
Extended-hours last trade $45.21, up 3.60% vs the $43.64 regular close, signaling a positive after-hours reaction to the beat and ARR acceleration.
ARR growth accelerating to 13% and exceeding the company's own annual outlook range signals durable demand in infrastructure software.
_Not applicable._
Operating cash flow and free cash flow both declined year-over-year despite revenue growth, a margin/liquidity divergence worth monitoring.