Bentley Systems, Incorporated Added to S&P 400 Application Software Index

Bentley Systems has been added to the S&P 400 Application Software sub-index. The company has received a super rating from FactSet, based on a weighted average of rankings from Global Valuation, EPS Revisions, and Visibility. It also has a super composite rating from FactSet, based on a weighted average of rankings from Fundamentals, Global Valuation, EPS Revisions, and Visibility. Additionally, Bentley Systems has a composite rating from FactSet, based on an average of rankings from Fundamentals, Valuation, Financial Estimates Revisions, Consensus, and Visibility. The company has also received a composite rating from FactSet for Quality, based on an average of rankings from Capital Efficiency, Quality of Financial Reporting, and Financial Health. MSCI has also given Bentley Systems an ESG rating of AA.

Bentley Systems (BSY) has been added to the S&P 400 Application Software sub-index, a significant milestone that reflects the company's growing market presence and recognition. The inclusion, effective prior to the market opening on October 6, 2025, follows Western Union's move to the S&P SmallCap 600 index after Rocket Companies acquired Mr. Cooper Group Bentley Systems (BSY) Is Up 7.4% After Joining S&P MidCap 400 to Replace Western Union^[1].

This addition to the S&P MidCap 400 index can drive fresh interest from institutional investors and index funds, enhancing Bentley Systems' visibility and overall market recognition. The company's core belief is in its ability to capitalize on global infrastructure investment and the sector-wide shift to digital engineering tools .

Bentley Systems has received a super rating from FactSet, based on a weighted average of rankings from Global Valuation, EPS Revisions, and Visibility. Additionally, the company has a super composite rating from FactSet, based on a weighted average of rankings from Fundamentals, Global Valuation, EPS Revisions, and Visibility. Furthermore, Bentley Systems has a composite rating from FactSet, based on an average of rankings from Fundamentals, Valuation, Financial Estimates Revisions, Consensus, and Visibility. The company has also received a composite rating from FactSet for Quality, based on an average of rankings from Capital Efficiency, Quality of Financial Reporting, and Financial Health. MSCI has given Bentley Systems an ESG rating of AA .

The upcoming Q3 2025 earnings release on November 5 carries significant weight for investors focused on Bentley's momentum. This financial update may provide critical insight into whether Bentley's portfolio expansion and AI initiatives are translating into improved profitability, addressing the most meaningful short-term catalyst tied to accelerating digital adoption in infrastructure .

Despite increased attention around the index move, investors should not overlook how fast-moving automation trends threaten to unsettle the traditional software pricing model and potentially impact margins and revenue predictability .

Bentley Systems' outlook projects $1.9 billion in revenue and $443.2 million in earnings by 2028. This requires 9.7% annual revenue growth and a $188.9 million increase in earnings from the current $254.3 million .