Bentley Systems (BSY) Revenue & Revenue Breakdown
Bentley Systems Revenue Highlights
Latest Revenue (Y)
$1.23B
Latest Revenue (Q)
$330.34M
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $1.23B | 11.77% |
| 2022-12-31 | $1.10B | 13.89% |
| 2021-12-31 | $965.05M | 20.40% |
| 2020-12-31 | $801.54M | 8.81% |
| 2019-12-31 | $736.65M | 6.50% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $330.34M | -2.20% |
| 2024-03-31 | $337.76M | 8.73% |
| 2023-12-31 | $310.64M | 1.31% |
| 2023-09-30 | $306.61M | 3.32% |
| 2023-06-30 | $296.75M | -5.62% |
| 2023-03-31 | $314.41M | 9.57% |
| 2022-12-31 | $286.95M | 6.94% |
| 2022-09-30 | $268.33M | 0.02% |
| 2022-06-30 | $268.29M | -2.62% |
| 2022-03-31 | $275.52M | 2.91% |
| 2021-12-31 | $267.73M | 7.75% |
| 2021-09-30 | $248.48M | 11.46% |
| 2021-06-30 | $222.93M | 0.42% |
| 2021-03-31 | $222.00M | 1.11% |
| 2020-12-31 | $219.57M | 8.16% |
| 2020-09-30 | $203.00M | 10.15% |
| 2020-06-30 | $184.29M | -5.34% |
| 2020-03-31 | $194.69M | -4.06% |
| 2019-12-31 | $202.92M | 8.75% |
| 2019-09-30 | $186.59M | 7.50% |
| 2019-06-30 | $173.57M | - |
| 2019-03-31 | $173.57M | -1.80% |
| 2018-12-31 | $176.75M | - |
Bentley Systems generated $330.34M in revenue during Q2 2024, up -2.20% compared to the previous quarter, and up 105.07% compared to the same period a year ago.
Bentley Systems Revenue Breakdown
Bentley Systems Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|
| Subscription and Circulation | $1.08B | $960.22M | $812.81M | $679.27M |
| 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 |
| Service | $102.07M | $95.48M | $99.16M | $64.89M |
| Professional Services, Recurring | $16.37M | $17.80M | $21.34M | $17.39M |
| SELECT Subscriptions | $258.29M | $264.31M | $269.28M | $270.75M |
| Term License Subscriptions | $388.70M | $350.23M | $253.43M | $187.00M |
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/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Professional Services, Other | $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 | $3.81M | $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 | $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 |
| Term License Subscriptions | $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 |
| Enterprise License Subscriptions, E365 Subscriptions | $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 | $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 |
| Subscription and Circulation | $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 |
| Enterprise License Subscriptions | $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 |
| Service | $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 |
| Subscriptions And Licenses | $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 |
Bentley Systems's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Subscriptions And Licenses (28.62%), Subscription and Circulation (27.76%), Enterprise License Subscriptions (11.53%), Enterprise License Subscriptions, E365 Subscriptions (11.12%), Term License Subscriptions (10.49%), SELECT Subscriptions (5.74%), Service (1.95%), Professional Services, Other (1.57%), Perpetual Licenses (0.86%), and Professional Services, Recurring (0.34%).
Bentley Systems Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 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
| Country | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States, Canada, And Latin America | $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 |
| EMEA | $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 |
| Asia Pacific | $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 |
| UNITED STATES | $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 |
Bentley Systems's latest quarterly revenue breakdown by geography, as of Mar 24: United States, Canada, And Latin America (38.69%), UNITED STATES (29.04%), EMEA (19.90%), and Asia Pacific (12.36%).
Bentley Systems Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| SAP | SAP SE | $31.21B | $8.04B |
| ROP | Roper | $6.18B | $1.72B |
| SSNC | SS&C Technologies | $5.50B | $1.45B |
| CDNS | Cadence Design Systems | $4.09B | $1.06B |
| ANSS | ANSYS | $2.27B | $594.14M |
| PTC | PTC | $2.10B | $518.64M |
| TYL | Tyler | $1.95B | $540.98M |
| DT | Dynatrace | $1.43B | $380.85M |
| PCTY | Paylocity | $1.40B | $401.28M |
| BSY | Bentley Systems | $1.23B | $330.34M |
| AZPN | Aspen | $1.13B | $278.11M |
| BLKB | Blackbaud | $1.11B | $287.29M |
| CALX | Calix | $1.04B | $198.14M |
| MANH | Manhattan Associates | $928.73M | $265.32M |
| ALRM | Alarm.com | $881.68M | $233.81M |
| WK | Workiva | $630.04M | $177.50M |
| APPF | AppFolio | $620.45M | $197.38M |
| NCNO | nCino | $476.54M | $132.40M |
| BRZE | Braze | $471.80M | $135.46M |
| INTA | Intapp | $430.52M | $110.64M |
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 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). The company'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). BSY's quarterly revenue for Q4 2023 was $310.64M, a 1.31% increase from the previous quarter (Q3 2023), and a 8.26% increase year-over-year (Q4 2022).
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 Subscription and Circulation, Professional Services, Other, Perpetual Licenses, Enterprise License Subscriptions, E365 Subscriptions, Enterprise License Subscriptions, Subscriptions And Licenses, Service, Professional Services, Recurring, SELECT Subscriptions, and Term License Subscriptions. Subscription and Circulation generated $1.08B in revenue, accounting 27.36% of the company's total revenue, up 12.51% 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. Service generated $102.07M in revenue, accounting 2.59% of the company's total revenue, up 6.89% 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. SELECT Subscriptions generated $258.29M in revenue, accounting 6.54% of the company's total revenue, down -2.28% 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.
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.