Bentley Systems (BSY) revenue breakdown

Technology · Software - Application · Market cap $10.9B

By product, Subscriptions is the largest at 92% of fiscal 2025 revenue, growing 15% a year over 6 years.

By region, Americas is the largest at 53% of fiscal 2025 revenue, growing 13% a year over 7 years.

Revenue by product

Fiscal years, as Bentley Systems reports them in its 10-K filings; fiscal 2025 total $1.5B.

Products20182019202020212022202320242025Share
Subscriptions—$608M$679M$813M$960M$1.1B$1.2B$1.4B 92%
Services—$69M$65M$99M$95M$102M$84M$79M 5%
Perpetual licenses$61M$60M$57M$53M$43M$46M$46M$46M 3%
SELECT subscriptions$274M——————— —
Enterprise subscriptions$183M——————— —
Term license subscriptions$101M——————— —
Professional services (other)$47M——————— —
Professional services (recurring)$26M——————— —

Revenue by region

Fiscal years, as Bentley Systems reports them in its 10-K filings; fiscal 2025 total $1.5B.

Regions20182019202020212022202320242025Share
Americas$329M$356M$396M$483M$585M$651M$717M$790M 53%
EMEA$231M$237M$254M$300M$313M$354M$388M$437M 29%
APAC$131M$144M$152M$182M$201M$224M$248M$274M 18%
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Questions

Where does Bentley Systems make its money?

In fiscal 2025, by product: Subscriptions $1.4B, Services $79M, Perpetual licenses $46M.

From Bentley Systems's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.