BSY Bentley Systems (BSY) Q2 FY26 earnings call
Bentley Systems delivered a strong Q2 FY26, marked by accelerating ARR growth and robust recurring revenue performance, driven by sustained infrastructure investment and strong renewals. The company is strategically advancing its hybrid AI initiative, focusing on adoption and validation with monetization planned for next year, while maintaining disciplined capital allocation through share repurchases and debt management.
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BSY operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Net revenue retention rate | 109%Net revenue retention was stable at 109%.Source: earnings call transcript | 109%Our net revenue retention rate remained strong at 109%, consistent with previous quarters and highlighting the stability and growth within our existing accounts.Source: earnings call transcript | 109%Our last 12 months constant currency account retention rate remained consistent at 99%, and our constant currency net revenue retention rate remained at 109%, consistent with recent quarters.Source: earnings call transcript | 0 pt |
| Annual recurring revenue (ARR) | $1.462BWe ended Q4 with ARR of $1.462 billion at quarter end spot rates.Source: earnings call transcript | $1.495BWe ended the first quarter with ARR of $1.495 billion at quarter end spot rates.Source: earnings call transcript | $1.536BWe ended the second quarter with ARR of $1.536 billion at quarter end spot rates.Source: earnings call transcript | +2.7% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.