v3.26.1
Common Stock
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Common Stock Common Stock
BSY Stock Repurchase Program
The Company’s Board of Directors approved the Repurchase Program authorizing the Company to repurchase up to $500,000 of the Company’s Class B common stock and/or outstanding convertible senior notes through December 31, 2028. As of June 30, 2026, $356,558 was available under the Company’s Board of Directors authorization for future repurchases of Class B common stock and/or outstanding convertible senior notes under the Repurchase Program.
During the six months ended June 30, 2026, the Company repurchased 3,747,742 shares for $125,075 under the Repurchase Program. During the six months ended June 30, 2025, the Company repurchased 1,173,041 shares for $50,023, and $10,000 aggregate principal amount of the Company’s outstanding 2026 Notes for $9,797 (see Note 10) under the Repurchase Program.
Common Stock Conversions, Issuances, Sales, and Repurchases
During the six months ended June 30, 2026, 22,500 shares of Class A common stock were converted to Class B common stock.
During the six months ended June 30, 2026, the Company issued 2,093,487 shares of Class B common stock to DCP participants in connection with distributions from the plan, net of 598,006 shares which were sold back to the Company in the same period to pay for applicable income tax withholdings of $21,571. During the six months ended June 30, 2025, the Company issued 1,572,829 shares of Class B common stock to DCP participants in connection with distributions from the plan, net of 274,556 shares which were sold back to the Company in the same period to pay for applicable income tax withholdings of $11,165.
During the six months ended June 30, 2026, the Company issued 55,583 shares of Class B common stock in connection with Bonus Plan incentive compensation, net of 43,214 shares which were sold back to the Company in the same period to pay for applicable income tax withholdings of $1,510. During the six months ended June 30, 2025, the Company issued 49,545 shares of Class B common stock in connection with the Bonus Plan incentive compensation, net of 20,779 shares which were sold back to the Company in the same period to pay for applicable income tax withholdings of $902.
Dividends
The Company declared cash dividends during the periods presented as follows:
Dividend
Per ShareAmount
2026:
Second quarter$0.07 $21,219 
First quarter$0.07 $21,225 
2025:
Second quarter$0.07 $21,295 
First quarter$0.07 $21,198 
Global Employee Stock Purchase Plan
During the six months ended June 30, 2026, colleagues who elected to participate in the Bentley Systems, Incorporated Global Employee Stock Purchase Plan (the “ESPP”) purchased a total of 164,906 shares of Class B common stock, net of shares withheld, resulting in cash proceeds to the Company of $5,500. Of the total 169,569 shares purchased, 4,663 shares were sold back to the Company to pay for applicable income tax withholdings of $178. During the six months ended June 30, 2025, colleagues who elected to participate in the ESPP purchased a total of 130,212 shares of Class B common stock, net of shares withheld, resulting in cash proceeds to the Company of $5,312. Of the total 133,840 shares purchased, 3,628 shares were sold back to the Company to pay for applicable income tax withholdings of $169. As of June 30, 2026 and December 31, 2025, $6,328 and $6,173 of ESPP withholdings via colleague payroll deduction were recorded in Accruals and other current liabilities in the consolidated balance sheets, respectively. As of June 30, 2026, shares of Class B common stock available for future issuance under the ESPP were 23,572,787.