Highlights

• Bentley Systems, a provider of software for infrastructure engineering, announced on about 7 October 2026 that it will release third-quarter results on 5 November.

• None of these items carried new financial figures, so the second-quarter results, published on 6 August, remain the latest reported numbers.

• For the quarter ended 30 June 2026, total revenues were $410.7 million, up 12.8% (12.2% in constant currency).

• The net retention rate, measured on a dollar basis over the last twelve months, was 109%, consistent with the prior year.

Bentley Systems (NASDAQ:BSY), a provider of software for infrastructure engineering, announced on about 7 October 2026 that it will release third-quarter results on 5 November. The same week it announced the winners of its 2026 Year in Infrastructure Awards. On 11 September it declared its third-quarter dividend, and on 4 September it opened a Philadelphia tech hub and experience centre.

None of these items carried new financial figures, so the second-quarter results, published on 6 August, remain the latest reported numbers. We did not retrieve the dividend release, so the amount is not stated here. The declaration indicates the company continues to return cash to shareholders, but we did not verify the amount or whether it changed.

Second-Quarter Results

For the quarter ended 30 June 2026, total revenues were $410.7 million, up 12.8% (12.2% in constant currency). Subscriptions revenues were $378.6 million, up 13.6%. Annualised recurring revenues (ARR) reached $1,536.0 million, compared with $1,379.2 million a year earlier, with constant-currency ARR growth of 12%. Reported ARR growth, on our arithmetic, was about 11.4%, the gap from 12% reflecting currency.

The net retention rate, measured on a dollar basis over the last twelve months, was 109%, consistent with the prior year. Subscriptions were about 92% of total revenues, leaving non-subscription revenues of about $32.1 million. A net retention rate of 109% means that existing subscribers, taken together, spent about 9% more over the period than the year before, after churn.

Profitability And Cash

GAAP operating income was $88.6 million, a 21.6% margin, compared with 23.2% a year earlier. Adjusted operating income was $137.8 million, about 33.6% of revenue on our arithmetic. Operating stock-based compensation is deducted when Bentley measures its primary profit margin, a stricter yardstick than adjusted operating income alone. On the company's primary measure, adjusted operating income less operating stock-based compensation, the margin was 28.3%, against 29.3% a year earlier, so margins slipped slightly even as revenue grew.

GAAP diluted EPS was $0.25, up from $0.22, and adjusted EPS was $0.35, up from $0.32, increases of about 13.6% and 9.4% respectively on our arithmetic. Free cash flow was $63.8 million, up from $57.0 million, equal to about 15.5% of revenue. The release, as we retrieved it, carried no numeric guidance; the chief financial officer said only that results were positioning the company "favorably within our full-year financial outlook". Figures are as reported unless stated otherwise.

What To Watch

The third-quarter report on 5 November, covering July to September, will show whether ARR growth stays near 12% in constant currency and whether net retention holds at 109%. The slight erosion in the primary profit margin is also worth tracking against the pace of investment.

Investors may follow free cash flow, the dividend, and any numeric outlook given with the results. The company's emphasis on infrastructure engineering and its recurring revenue base give some predictability, but this article makes no forecast and offers no recommendation. Investors should check whether the company has updated its full-year outlook elsewhere, because we did not locate it.