Bentley Systems Reports 12.8% Revenue Growth to $410.7 Million in Q2 2026

Bentley Systems, Incorporated reported a notable increase in its financial performance for the second quarter of 2026, with total revenues reaching $410.7 million, a 12.8% increase compared to $364.1 million in the same period last year. For the first half of 2026, revenues totaled $834.9 million, reflecting a 13.6% rise from $734.6 million in the first half of 2025. The growth was primarily driven by a 13.6% increase in subscription revenues, which amounted to $378.6 million for the quarter and $771.1 million for the six months, compared to $333.5 million and $675.8 million, respectively, in the prior year. The company also reported a net income of $78.6 million for the second quarter, up from $70.5 million a year earlier, resulting in a diluted earnings per share of $0.25, compared to $0.22 in the same quarter of 2025.

In terms of operational metrics, Bentley Systems reported an annualized recurring revenue (ARR) of $1.54 billion as of June 30, 2026, up from $1.38 billion a year prior, indicating a growth rate of 12%. The company maintained a dollar-based net retention rate of 109%, consistent with the previous year, suggesting strong customer retention and expansion within existing accounts. The total customer count also saw an increase, contributing to the overall growth in subscription revenues. Geographically, revenue growth was observed across all regions, with the Americas generating $219.4 million, EMEA $122.8 million, and APAC $68.6 million in the second quarter.

The company’s operating expenses increased to $248.1 million for the second quarter, up from $210.9 million in the same period last year, driven by higher research and development costs, which rose by 8.9% to $82.1 million, and selling and marketing expenses, which increased by 15.7% to $80.9 million. General and administrative expenses surged by 30.8% to $65.2 million, reflecting strategic investments in headcount and infrastructure, including the implementation of a new enterprise-wide management platform. The increase in operating expenses was partially offset by a decrease in the cost of services, which fell by 5% to $20 million.

Looking ahead, Bentley Systems expressed optimism about its growth trajectory, supported by its strong subscription model and ongoing investments in product development. The company anticipates continued revenue growth driven by its expanding customer base and the adoption of its software solutions. However, it also acknowledged potential challenges related to market conditions and competition. The company remains committed to enhancing its product offerings and expanding its market presence, particularly in the infrastructure engineering sector, as it aims to leverage its technological advancements to drive future growth.