BSY · Analysis updated Nov 5, 2026, 10:36 AM ET

Why is Bentley Systems, Incorporated (BSY) stock moving?

Bentley's third-quarter revenue rose 12.2% to $421.5 million, in line with estimates, but adjusted earnings of $0.36 a share beat the $0.33 expected and adjusted EBITDA of $160.9 million topped the roughly $153 million forecast. Annualized recurring revenue (ARR, the yearly value of its subscriptions) reached $1.58 billion, up 13% in constant currency, and existing customers spent 10% more than a year ago (net retention of 110%). Operating margin jumped to 29.1% from 22.5%. Bentley raised its constant-currency ARR growth range to 12.5-13.5%. At about 10:27 AM ET the stock was $47.64, up 9.2%, after touching a 52-week high of $48.38.

News behind the analysis

Bentley Systems Announces Third Quarter 2026 Results
Bentley Systems (company release) · Nov 4, 2026
Revenue $421.5M (+12.2%); ARR $1.58B, 13% constant-currency growth; net retention 110%; operating margin 29.1%.
Bentley Systems (NASDAQ:BSY) Beats Q3 EPS Estimates as Recurring Revenue Momentum Builds
ChartMill · Nov 4, 2026
Adjusted EPS $0.36 vs $0.33; ARR growth range raised to 12.5-13.5%; free cash flow slipped to $101.4M.
Bentley Systems (NASDAQ:BSY) posts Q3 2026 sales in line with estimates
StockStory · Nov 4, 2026
Adjusted EBITDA $160.9M vs $153.2M expected; ARR beat; billings slightly short; analysts expect about 10.8% revenue growth over 12 months.
Bentley Systems Q3 earnings: revenue rises 12.2%
Stock Titan · Nov 4, 2026
Constant-currency ARR growth range raised to 12.5%-13.5% excluding Cohesive; adjusted EPS $0.36.

In the Daily Standout

November 5, 2026: on the shortlist +9.15%

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