Compared to Estimates, Bentley Systems (BSY) Q3 Earnings: A Look at Key Metrics

For the quarter ended September 2025, Bentley Systems, Incorporated (BSY) reported revenue of $375.55 million, up 12.1% over the same period last year. EPS came in at $0.27, compared to $0.24 in the year-ago quarter.

The reported revenue represents a surprise of +2.59% over the Zacks Consensus Estimate of $366.06 million. With the consensus EPS estimate being $0.27, the company has not delivered EPS surprise.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Bentley Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Total Revenue - YoY growth: 12% versus the five-analyst average estimate of 9.2%.
• Annualized Recurring Revenues (ARR): $1.41 billion versus the three-analyst average estimate of $1.41 billion.
• Revenue - Subscriptions - YoY growth: 13.5% versus 11.1% estimated by three analysts on average.
• Revenues- Subscriptions and licenses: $355.21 million compared to the $347.13 million average estimate based on four analysts. The reported number represents a change of +12.9% year over year.
• Revenues- Services: $20.34 million versus the four-analyst average estimate of $19.59 million. The reported number represents a year-over-year change of -1.5%.
• Revenues- Subscriptions: $344.29 million versus $337.03 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +13.5% change.
• Revenues- Perpetual licenses: $10.91 million compared to the $11.39 million average estimate based on three analysts. The reported number represents a change of -3.2% year over year.

View all Key Company Metrics for Bentley Systems here>>>

Shares of Bentley Systems have returned -6.9% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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