What move does the options market price into Bentley Systems's report?

Implied ±7.0%, either direction.

BSYNasdaqServices-Prepackaged Software

Bentley Systems Inc (BSY) earnings date, market-implied expected move, and options open interest by expiry

43.67

pre 43.92 +4.25%

Pre-market16:54 ETdelayed

Open42.20Volume3.8MMkt cap$12.7BP/E47.23EPS0.93Div yield0.66%

Day42.20 – 43.92100%52-wk28.02 – 50.1472%

BSY

Bentley Systems Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±7.0%implied · report alone

40.5746.71

straddle ±8.6%

spot 43.64exp Nov 20ATM strike 45ATM straddle 4.40IV 58%

Nov 4 closereport share · term structure

Expected move

Inputs

Next report

Nov 9

before open · in 4 days

est.Q3 FY26

Calendar

Next report

Last report

−1.89%

vs ±8.9% implied · ×0.21

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Linked news

12hMSFT · supplierMicrosoft announces change to director slate for Annual Shareholders Meeting
15hGOOGL · supplierWatch out for Big Tech companies like Meta and Alphabet issuing more shares and diluting your stock ownership

News

Largest filed tie

13F top-10 QoQ

+3.21%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

398 managers

Top fund weight

0.12%

BSY weight · IGPT

N-PORTJul 31 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Bentley Systems (BSY) is expected to report on Nov 9 before open (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 6 '26confirmed±8.9%▼−1.89%×0.21

quarterimplied−10%0+10%realized×

Q2 FY26±8.9%▼−1.89%×0.21

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Nov 3 close

0.45OI · 3 expiries · Nov 3 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

5780%Nov 2015d1,2850%

187−1%Jan 1571d0.044,7620%0.04

3640%Feb 19106d1.46250+8%1.46

ExpiryPutsCallsP/C

Nov 2015d5780%1,2850%0.45

Jan 1571d187−1%4,7620%0.04

Feb 19106d3640%250+8%1.46

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±8.6%

Funds 4

IGPT±0.0%

MDY±0.0%

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

19.12%as filednet margin · revenue −3.17% QoQ · +12.80% YoY

Revenue

$411M−3.17% QoQ

Gross profit

$337M−3.90% QoQ

81.99% margin

Operating income

$89M−29.82% QoQ

21.57% margin

Pre-tax income

$95M−19.81% QoQ

Net income

$79M−17.66% QoQ

19.12% margin

Cost of revenue

$74M+0.29% QoQ

Operating expenses

$248M+10.70% QoQ

R&D $82M

Marketing $81M

SG&A $65M

Other operating $20M

Tax

$17M−28.27% QoQ

Other income

$6M+183.88% QoQ

Revenue$411M−3.17%

Gross profit

$337M−3.90%

81.99% margin

Operating income

$89M−29.82%

21.57% margin

Pre-tax income

$95M−19.81%

Net income

$79M−17.66%

19.12% margin

Cost of revenue

$74M+0.29%

Operating expenses

$248M+10.70%

R&D $82M

Marketing $81M

SG&A $65M

Other income$6M+183.88%

Tax$17M−28.27%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:45 ET

Intraday

Event sensitivity

PPI ×1.45· ±2.2% vs ±1.5% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±2.2%4 of 10×1.45

FOMCrate decision±1.9%12 of 24×1.23

NFPjobs report±1.7%4 of 10×1.15

CPROFcorporate profits±1.5%8 of 12×1.01

CPIconsumer prices±1.5%1 of 10×0.98

GDPgross domestic product±1.3%9 of 19×0.85

PCEpersonal income & outlays±1.1%10 of 19×0.73

Bar = avg |move| to ±3% · tick = ±1.5% avg day · ×base = |move| ÷ ±1.5% · min 6 releases

Earnings history

EPS 0.25 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	0.25	—
Q1 FY26	—	0.30	—
Q3 FY25	—	0.18	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod