Bentley Systems Inc Ordinary Shares - Class B

BSY: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	m$	LOCK\|ZQ	LOCK\|s^>GBC

Bentley Systems Earnings: High Market Penetration Supports Strong, Consistent Results

Luke Yang

Aug 7, 2026

Bentley Systems' second-quarter revenue grew 12% in constant currency, supported by stable annual recurring revenue expansion. Net retention rate of 109% was stable over the past five quarters. Operating margin declined 160 basis points year over year, but still within management's expectations.

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Bentley Systems Inc Ordinary Shares - Class B

Bentley Systems Earnings: High Market Penetration Supports Strong, Consistent Results

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