• Bentley Systems average gross margin for 2023 was 78.26%, a 0.1% increase from 2022.
• Bentley Systems average gross margin for 2022 was 78.34%, a 0.9% decline from 2021.
• Bentley Systems average gross margin for 2021 was 77.64%, a 2.83% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.