MARKETS / NASDAQ / BSY
NASDAQ · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Bentley Systems, Incorporated BSY

8 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$1.5B
▲ 11.0% vs FY2024
Dividend streak
3 yrs
Raised every year since 2023
EPS · FY25
Dividend / sh · FY25
$0.28
Payout · FY25
31%
ROE · FY25
24.9%
Net margin · FY25
18.5%
Dividend coverage
3.0×
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Result
USD 1.5B
Revenue, FY2025 · full 8-year series below
Revenue Net income
0.40.81.21.61.50.32018202120242025
0.40.81.21.61.50.32018202120242025

19 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2025
EPS Dividend
0.81.62.40.282018202120242025
0.81.62.40.282018202120242025

Earnings covered the dividend 3.0 times — the rest stayed in the company.

Profitability
24.9%
Return on equity, FY2025
ROE
25507510024.9%2018202120242025
25507510024.9%2018202120242025
Operating margin24.1%
Net margin18.5%
Return on assets8.0%

Each USD of equity produced 25 cents of profit this year.

Returned to shareholders
USD 210.0M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 85.0M
Net buybacksUSD 125.1M
Share of profit75.6%
Consecutive raises3 years

USD 85.0M in dividends and USD 125.1M in buybacks — 76% of the year's profit went back to shareholders.

Growth
+13.4% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+11.0%
+13.4%
Net income
+16.7%
+17.0%
EPS, diluted
+15.6%
+15.1%
Dividend / share
+32.6%
−29.6%
Returned to shareholders
+49.6%
−13.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 3.6B
total assets, end of FY2025
Total assetsUSD 3.6B
EquityUSD 1.2B
CashUSD 123.3M
Gross debtUSD 1.2B
Net debtUSD 1.1B
Current ratio0.56×

Net debt stands at 95% of equity.

History
8 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
Revenue $B
1.5
1.4
1.2
1.1
1.0
0.8
0.7
0.7
Operating income $B
0.4
0.3
0.2
0.2
0.1
0.2
0.1
0.1
EBITDA $B
·
·
·
0.3
0.1
0.2
0.2
0.2
Income tax $B
0.1
0.1
−0.1
0.0
−0.0
0.0
0.0
−0.0
Net income $B
0.3
0.2
0.3
0.2
0.1
0.1
0.1
0.1
EPS, diluted $
·
·
·
·
·
·
·
·
Dividend / sh $
0.28
0.24
0.20
0.12
0.12
1.62
0.10
0.08
Payout %
31
31
18
20
36
334
24
14
ROE %
24.9
24.4
37.0
42.7
24.8
37.4
42.8
96.4
Shares out B
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
30 of 30
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed