Key Highlights

  • Bentley Systems' $0.07 quarterly Dividend trades ex-date September 22, 2026, payable September 29, yielding approximately 0.86%.
  • Second-quarter total Revenue was $410.727 million, up 12.8% year over year, with subscription revenue of $378.635 million, up 13.6%.
  • Annualized Recurring Revenue reached $1,535.988 million at June 30, 2026, up 12% on a constant-currency basis, with a dollar-based net retention rate of 109%.
  • GAAP Net Income attributable to Bentley Systems was $78.573 million for the quarter, or $0.25 diluted EPS, with free Cash Flow of $63.8 million.

Bentley Systems' (NASDAQ:BSY) $0.07 quarterly dividend yields approximately 0.86% and was declared September 11, 2026, consistent with the same rate paid across all prior quarters of 2026. The dividend arrived alongside second-quarter results showing annualized recurring revenue of $1.536 billion, a subscription-led growth base the company's own capital-return framework, combining dividends and share repurchases, draws upon.

Dividend Program and Shareholder Returns

Bentley Systems declared a $0.07 per share dividend for the third quarter of 2026 on September 11, 2026, payable September 29 to stockholders of record of Class A and Class B common stock as of September 22. The same $0.07 quarterly rate was paid in both the first and second quarters of 2026. The current quarterly rate equals $0.28 annualized. The company's filings state that future dividend and repurchase decisions depend on financial condition, results of operations, and other factors the board deems relevant, including macroeconomic conditions and working-capital needs.

About the Company

Bentley Systems develops software used to design, build, operate and maintain infrastructure such as roads, bridges, railways, water systems, utilities, buildings and industrial assets, offering engineering design, digital-twin, project-delivery and asset-performance applications through a subscription-based platform serving infrastructure professionals worldwide.

Financial Performance Behind the Payout

Bentley Systems reported second-quarter total revenues of $410.727 million, up 12.8% year over year, or 12.2% in constant currency, with six-month revenue of $834.908 million, up 13.6%. Subscription revenue was $378.635 million for the quarter, up 13.6%. GAAP Operating Income was $88.608 million, and net income attributable to Bentley Systems was $78.573 million, or $0.25 diluted EPS. Annualized recurring revenue reached $1,535.988 million at June 30, 2026, up 12% on a constant-currency basis, with a last-twelve-month dollar-based net retention rate of 109%. Free cash flow was approximately $63.8 million for the quarter. Cash and cash equivalents were $146.981 million, and total Debt was $1,217.180 million, including a new $550 million term Loan used partly to repay $678.254 million at Maturity of the 2026 convertible notes.

A Subscription-Led Growth Base Behind the Capital-Return Program

Bentley's growth remains primarily subscription-led, with $378.635 million of subscription revenue for the quarter compared with approximately $10 million of perpetual license revenue, meaning the ARR figure of $1.536 billion is the more relevant base for evaluating the durability of the revenue supporting future dividend capacity than GAAP revenue alone. The 109% dollar-based net retention rate indicates that existing-account expansion contributed to growth over the period, a Factor distinct from new-customer acquisition. The debt refinancing completed during the quarter, replacing the maturing 2026 convertible notes with a new term loan, is a balance-sheet action separate from the dividend declaration itself.

Outlook

Metrics relevant to Bentley's dividend and capital-return capacity include ARR growth trends relative to the $1.536 billion reported this quarter, net retention rate sustainability at 109%, and free cash flow trajectory following the last-twelve-month total of $498 million. Currency effects, projected at $8 million to $10 million of negative impact in the second half, and continued progress on Infrastructure AI initiatives are also relevant considerations.