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Bentley Systems (BSY) Revenue & Revenue Breakdown

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Bentley Systems Revenue Highlights

Latest Revenue (Y)

$1.23B

Latest Revenue (Q)

$335.17M

Main Segment (Y)

Subscriptions And Licenses

Main Geography (Y)

United States, Canada, And Latin America

Bentley Systems Revenue by Period

Bentley Systems Revenue by Year

DateRevenueChange
2023-12-31$1.23B11.77%
2022-12-31$1.10B13.89%
2021-12-31$965.05M20.40%
2020-12-31$801.54M8.81%
2019-12-31$736.65M6.50%
2018-12-31$691.71M-

Bentley Systems generated $1.23B in revenue during NA 2023, up 11.77% compared to the previous quarter, and up 177.59% compared to the same period a year ago.

Bentley Systems Revenue by Quarter

DateRevenueChange
2024-09-30$335.17M1.46%
2024-06-30$330.34M-2.20%
2024-03-31$337.76M8.73%
2023-12-31$310.64M1.31%
2023-09-30$306.61M3.32%
2023-06-30$296.75M-5.62%
2023-03-31$314.41M9.57%
2022-12-31$286.95M6.94%
2022-09-30$268.33M0.02%
2022-06-30$268.29M-2.62%
2022-03-31$275.52M2.91%
2021-12-31$267.73M7.75%
2021-09-30$248.48M11.46%
2021-06-30$222.93M0.42%
2021-03-31$222.00M1.11%
2020-12-31$219.57M8.16%
2020-09-30$203.00M10.15%
2020-06-30$184.29M-5.34%
2020-03-31$194.69M-4.06%
2019-12-31$202.92M8.75%
2019-09-30$186.59M7.50%
2019-06-30$173.57M-
2019-03-31$173.57M-1.80%
2018-12-31$176.75M-

Bentley Systems generated $335.17M in revenue during Q3 2024, up 1.46% compared to the previous quarter, and up 112.95% compared to the same period a year ago.

Bentley Systems Revenue Breakdown

Bentley Systems Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20
SELECT Subscriptions$258.29M$264.31M$269.28M$270.75M
Service$102.07M$95.48M$99.16M$64.89M
Professional Services, Other$85.70M$77.68M$77.82M$47.50M
Perpetual Licenses$46.04M$43.38M$53.08M$57.38M
Enterprise License Subscriptions, E365 Subscriptions$411.02M$306.90M$223.29M-
Enterprise License Subscriptions$433.32M$345.68M$290.10M$221.52M
Subscriptions And Licenses$1.13B$1.00B$865.89M$736.65M
Professional Services, Recurring$16.37M$17.80M$21.34M$17.39M
Term License Subscriptions$388.70M$350.23M$253.43M$187.00M
Subscription and Circulation$1.08B$960.22M$812.81M$679.27M

Bentley Systems's latest annual revenue breakdown by segment (product or service), as of Dec 23: Subscriptions And Licenses (28.53%), Subscription and Circulation (27.36%), Enterprise License Subscriptions (10.98%), Enterprise License Subscriptions, E365 Subscriptions (10.41%), Term License Subscriptions (9.85%), SELECT Subscriptions (6.54%), Service (2.59%), Professional Services, Other (2.17%), Perpetual Licenses (1.17%), and Professional Services, Recurring (0.41%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Subscriptions And Licenses$314.51M$316.60M$285.35M$282.64M$270.96M$287.39M$263.65M$244.77M$243.74M$251.44M$246.71M$224.09M$196.84M$198.24M$199.62M$186.00M
Enterprise License Subscriptions, E365 Subscriptions$133.35M$123.04M$109.77M$107.68M$99.25M$94.33M$85.10M$80.30M$72.91M$68.60M$61.17M$60.10M$53.75M---
Perpetual Licenses$11.27M$9.51M$12.89M$11.89M$11.72M$9.55M$12.16M$9.46M$11.55M$10.21M$19.71M$11.87M$11.39M$10.12M$21.36M$12.83M
Professional Services, Other$17.27M$17.35M$21.65M$20.37M$20.84M$22.84M$18.92M$19.01M$20.37M$19.38M$19.82M$19.23M$21.08M$17.69M$14.18M$12.69M
Professional Services, Recurring$3.39M$3.81M$3.64M$3.61M$4.95M$4.18M$4.37M$4.56M$4.17M$4.70M$5.10M$5.16M$5.01M$6.08M$5.76M$4.31M
SELECT Subscriptions$64.61M$63.54M$67.45M$63.41M$64.08M$63.34M$67.52M$63.61M$66.58M$66.60M$69.56M$66.65M$66.93M$66.14M$70.90M$67.51M
Subscription and Circulation$303.24M$307.09M$272.47M$270.75M$259.24M$277.85M$251.49M$235.31M$232.19M$241.23M$227.00M$212.23M$185.45M$188.13M$178.26M$173.17M
Term License Subscriptions$102.97M$116.02M$90.59M$96.03M$91.48M$110.60M$90.75M$82.66M$84.02M$92.81M$81.40M$70.20M$50.86M$50.97M$51.10M$49.69M
Service$20.66M$21.61M$25.29M$23.97M$25.79M$27.02M$23.30M$23.57M$24.55M$24.08M$24.92M$24.39M$26.09M$23.76M$19.94M$17.00M
Enterprise License Subscriptions$135.67M$127.53M$114.42M$111.32M$103.67M$103.90M$93.22M$89.04M$81.59M$81.83M$76.04M$75.38M$67.66M$71.02M$56.26M$55.98M

Bentley Systems's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Subscriptions And Licenses (28.41%), Subscription and Circulation (27.39%), Enterprise License Subscriptions (12.26%), Enterprise License Subscriptions, E365 Subscriptions (12.05%), Term License Subscriptions (9.30%), SELECT Subscriptions (5.84%), Service (1.87%), Professional Services, Other (1.56%), Perpetual Licenses (1.02%), and Professional Services, Recurring (0.31%).

Bentley Systems Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20
United States, Canada, And Latin America$650.93M$584.79M$483.09M$395.75M
Asia Pacific$223.94M$201.48M$181.84M$151.76M
EMEA$353.55M$312.80M$300.12M$254.04M
UNITED STATES$511.83M$459.51M$393.87M$348.22M

Bentley Systems's latest annual revenue breakdown by geography, as of Dec 23: United States, Canada, And Latin America (37.40%), UNITED STATES (29.41%), EMEA (20.32%), and Asia Pacific (12.87%).

Quarterly Revenue by Country

CountrySep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
EMEA$95.34M$94.71M$90.32M$86.96M$83.44M$92.83M$85.11M$75.42M$74.80M$77.48M$81.28M$75.98M$69.02M$73.85M$69.12M$63.34M
United States, Canada, And Latin America$175.61M$184.19M$161.38M$162.37M$158.84M$168.34M$144.58M$141.60M$144.36M$154.26M$135.33M$126.58M$112.31M$108.86M$107.80M$102.10M
UNITED STATES$139.34M$138.25M$127.02M$129.51M$127.85M$127.45M$112.55M$122.37M$108.46M$116.13M$104.62M$104.81M$91.50M$92.94M$97.03M$91.99M
Asia Pacific$64.22M$58.86M$58.95M$57.29M$54.47M$53.23M$57.26M$51.32M$49.13M$43.78M$55.02M$45.91M$41.61M$39.30M$42.64M$37.56M

Bentley Systems's latest quarterly revenue breakdown by geography, as of Sep 24: United States, Canada, And Latin America (37.01%), UNITED STATES (29.36%), EMEA (20.09%), and Asia Pacific (13.53%).

Bentley Systems Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
SAPSAP SE$31.21B$8.04B
ROPRoper$6.18B$1.76B
SSNCSS&C Technologies$5.50B$1.47B
CDNSCadence Design Systems$4.09B$1.22B
PTCPTC$2.30B$518.64M
ANSSANSYS$2.27B$601.89M
TYLTyler$1.95B$543.34M
DTDynatrace$1.43B$399.22M
PCTYPaylocity$1.40B$362.96M
BSYBentley Systems$1.23B$335.17M
AZPNAspen$1.13B$215.88M
BLKBBlackbaud$1.11B$286.73M
CALXCalix$1.04B$200.94M
MANHManhattan Associates$928.73M$266.68M
ALRMAlarm.com$881.68M$240.50M
WKWorkiva$630.04M$177.50M
APPFAppFolio$620.45M$205.73M
NCNOnCino$476.54M$132.40M
BRZEBraze$471.80M$145.50M
INTAIntapp$430.52M$118.81M

BSY Revenue FAQ

What is Bentley Systems’s yearly revenue?

Bentley Systems's yearly revenue for 2023 was $1.23B, representing an increase of 11.77% compared to 2022. The company's yearly revenue for 2022 was $1.1B, representing an increase of 13.89% compared to 2021. BSY's yearly revenue for 2021 was $965.05M, representing an increase of 20.40% compared to 2020.

What is Bentley Systems’s quarterly revenue?

Bentley Systems's quarterly revenue for Q3 2024 was $335.17M, a 1.46% increase from the previous quarter (Q2 2024), and a 9.32% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $330.34M, a -2.20% decrease from the previous quarter (Q1 2024), and a 11.32% increase year-over-year (Q2 2023). BSY's quarterly revenue for Q1 2024 was $337.76M, a 8.73% increase from the previous quarter (Q4 2023), and a 7.43% increase year-over-year (Q1 2023).

What is Bentley Systems’s revenue growth rate?

Bentley Systems's revenue growth rate for the last 3 years (2021-2023) was 27.29%, and for the last 5 years (2019-2023) was 66.76%.

What are Bentley Systems’s revenue streams?

Bentley Systems's revenue streams in c 23 are SELECT Subscriptions, Service, Professional Services, Other, Perpetual Licenses, Enterprise License Subscriptions, E365 Subscriptions, Enterprise License Subscriptions, Subscriptions And Licenses, Professional Services, Recurring, Term License Subscriptions, and Subscription and Circulation. SELECT Subscriptions generated $258.29M in revenue, accounting 6.54% of the company's total revenue, down -2.28% year-over-year. Service generated $102.07M in revenue, accounting 2.59% of the company's total revenue, up 6.89% year-over-year. Professional Services, Other generated $85.7M in revenue, accounting 2.17% of the company's total revenue, up 10.32% year-over-year. Perpetual Licenses generated $46.04M in revenue, accounting 1.17% of the company's total revenue, up 6.13% year-over-year. Enterprise License Subscriptions, E365 Subscriptions generated $411.02M in revenue, accounting 10.41% of the company's total revenue, up 33.93% year-over-year. Enterprise License Subscriptions generated $433.32M in revenue, accounting 10.98% of the company's total revenue, up 25.35% year-over-year. Subscriptions And Licenses generated $1.13B in revenue, accounting 28.53% of the company's total revenue, up 12.23% year-over-year. Professional Services, Recurring generated $16.37M in revenue, accounting 0.41% of the company's total revenue, down -8.05% year-over-year. Term License Subscriptions generated $388.7M in revenue, accounting 9.85% of the company's total revenue, up 10.98% year-over-year. Subscription and Circulation generated $1.08B in revenue, accounting 27.36% of the company's total revenue, up 12.51% year-over-year.

What is Bentley Systems’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Bentley Systems was Subscriptions And Licenses. This segment made a revenue of $1.13B, representing 28.53% of the company's total revenue.