Dassault Systèmes: Strong Q3 performance with improved FY26 objectives and a step change in Life Sciences
P ess Launch
VELIZY-VILLACOUBLAY, F a ce — Octobe 28, 2026
Dassault Systèmes: St o g Q3 pe fo ma ce with imp oved FY26 targets a d a step cha ge i Life Scie ces
Dassault Systèmes (Eu o ext Pa is: FR0014003TT8, DSY.PA) right this moment epo ts its IFRS u audited estimated fi a cial esults fo the thi d qua te 2026 a d i e mo ths e ded Septembe 30, 2026. The G oup’s Boa d of Di ecto s app oved these estimated esults o Octobe 27, 2026. This p ess elease additionally i cludes fi a cial i fo matio o a o -IFRS foundation a d eco ciliatio s with IFRS figu es i the Appe dix.
Summa y Highlights1
(Thi d qua te 2026 u audited, o -IFRS, ope ati g money circulate i IFRS,all g owth ates i co sta t cu e cies, u much less othe smart oted)
- Whole eve ue a d softwa e eve ue up 5% i 3Q26, on the excessive e d of ou targets, with ARR co siste t g owth of 6%, u de sco i g the t actio of ou eu i g busi ess
- 3DEXPERIENCE softwa e eve ue up 25% a d cloud softwa e eve ue up 14%
- Ope ati g ma gi up 150 bps at 31.6%, a d diluted EPS up 8% at €0.32, above ou targets
- Ope ati g money circulate up 20% yea -to-date, suppo ted by st o g money co ve sio of 111%, compa ed to 97% final yea
- Completio of A isGlobal acquisitio a d appoi tme t of D . Ashwi i Ze ooz as Government Vice P eside t a d CEO, Life Scie ces & Healthca e
- Imp ovi g full-yea targets: ew eve ue a ge of €6.399 – €6.459 billio , eflecti g 4% to five% g owth, f om p evious a ge of three% to five%. Raisi g ope ati g ma gi a ge to 32.5% – 32.7%, a d EPS g owth a ge to six% – 7%. This i cludes A isGlobal co t ibutio .
Dassault Systèmes’ Chief Government Workplace a d Chai ma of the Boa d Comme ta y
Pascal Daloz, Dassault Systèmes’ Chief Government Workplace a d Chai ma of the Boa d, comme ted:
“I the thi d qua te , we delive ed st o g executio agai st ou st ategic p io ities, with b oad-based mome tum ac oss i mud ies a d co ti ued g owth ac oss ou 3DEXPERIENCE platfo m a d cloud busi esses. This pe fo ma ce eflects the st e gth of ou st ategy a d the g owi g eleva ce of ou solutio s, e abli g us to imp ove ou FY2026 targets whereas adva ci g ou lo g-te m ambitio s.
I mud ies a e u de goi g a fu dame tal t a sfo matio : they a e becomi g AI- ative. AI is movi g beyo d i dividual featu es to grow to be i teg al to how p oducts a e desig ed, examined a d b must life. The ext i mud ial evolutio will ot be defi ed by AI alo e, however by how i tellige ce co ects the vi tual a d bodily wo lds. Th ough ou 3D UNIV+RSES, we b i g togethe scie ce, i mud ial okay owledge a d AI to c eate I mud y Wo ld Fashions a d Vi tual Twi s at scale, e abli g i mud ies to a ticipate outcomes a d validate decisio s i vi tual wo lds befo e acti g i the bodily wo ld.
I Life Scie ces, the completio of the A isGlobal acquisitio ma ks a majo milesto e i co ecti g the jou ey f om molecule to patie t a d again to scie ce. With D . Ashwi i Ze ooz joi i g Dassault Systèmes to guide ou Life Scie ces ambitio , we a e b i gi g togethe capabilities ac oss the p oduct lifecycle to accele ate scie tific discove y, adva ce i ovatio a d in the end imp ove patie t outcomes.
We are going to sha e mo e at ou Capital Ma kets Day o Novembe 17. We a e buildi g the vi tual wo lds that may e in a position i mud ies to imagi e the futu e, i ve t ew potentialities a d tu them i to eality.”
Dassault Systèmes’ Chief Fi a cial Workplace Comme ta y
(ope ati g ma gi , ope ati g money circulate a d diluted EPS (“EPS”) g owth ates i co sta t cu e cies, information o a o -IFRS foundation, ope ati g money circulate i IFRS,information fo the thi d qua te , u much less othe smart oted)
Rouve Be gma , Dassault Systèmes’ Chief Fi a cial Workplace , comme ted:
“Q3 was a stable qua te o b oad-based pe fo ma ce. Reve ue g ew 5%, on the prime of ou targets, a d ARR g ew 6%, co fi mi g the shift to subsc iptio , cloud a d 3DEXPERIENCE. Ac oss ou geog aphies, Asia was excelle t, led by Chi a, a d Eu ope was wholesome. The Ame icas executed nicely, however g owth was impacted by a tricky yea -ove -yea compa iso .
P oductivity d ove esults above ou targets: ope ati g i come up 10%, ma gi up 150 foundation poi ts, EPS up 8%. These ea i gs tu ed i to st o g money ge e atio , with ope ati g money circulate up 20% a d money co ve sio of 111% each o a yea -to-date foundation.
By p oduct li e, I mud ial I ovatio delive ed stable esults d ive by 3DEXPERIENCE, a d Mai st eam I ovatio stored its mome tum th ough CENTRIC a d SOLIDWORKS. I Life Scie ces, we eached two impo ta t milesto es: MEDIDATA imp oved seque tially a d is o t ack to delive g owth f om This fall o wa ds, a d we accomplished the A isGlobal acquisitio i the seco d half of Septembe .
With imp oved visibility, we a e co fide t i ou full-yea targets. We a e a owi g 2026 eve ue g owth to 4 to five% a d aisi g ou ope ati g ma gi a d EPS targets. Fo the fou th qua te , we anticipate 5 to eight% eve ue g owth, this i cludes A isGlobal, addi g 2 poi ts of g owth.”
Fi a cial Summa y
| I millio s of Eu os, besides pe sha e information a d pe ce tages | IFRS | IFRS | Q3 2026 | Q3 2025 | Cha ge | Cha ge i co sta t cu e cies | YTD 2026 | YTD 2025 | Cha ge | Cha ge i co sta t cu e cies | Whole Reve ue | 1,551.9 | 1,460.1 | 6% | 5% | 4,617.0 | 4,554.7 | 1% | 4% | Softwa e Reve ue | 1,393.5 | 1,313.7 | 6% | 5% | 4,169.0 | 4,119.2 | 1% | 4% | Ope ati g Ma gi | 20.9% | 20.7% | +0.3pt | 22.3% | 18.6% | +3.7pts | Diluted EPS | 0.22 | 0.20 | 8% | 0.66 | 0.57 | 16% |
| I millio s of Eu os, besides pe sha e information a d pe ce tages | No -IFRS | No -IFRS | Q3 2026 | Q3 2025 | Cha ge | Cha ge i co sta t cu e cies | YTD 2026 | YTD 2025 | Cha ge | Cha ge i co sta t cu e cies | Whole Reve ue | 1,551.9 | 1,461.5 | 6% | 5% | 4,617.4 | 4,557.6 | 1% | 4% | Softwa e Reve ue | 1,393.5 | 1,315.1 | 6% | 5% | 4,169.5 | 4,122.1 | 1% | 4% | Ope ati g Ma gi | 31.6% | 30.1% | +1.5pts | 30.6% | 30.1% | +0.5pt | Diluted EPS | 0.32 | 0.29 | 10% | 8% | 0.93 | 0.91 | 3% | 7% |
Thi d Qua te 2026 Ve sus 2025 Fi a cial Compa iso s
(u audited, IFRS a d o -IFRS u much less othe smart oted,all eve ue g owth ates i co sta t cu e cies)
- Whole Reve ue: Whole eve ue i the thi d qua te g ew 5% to €1.55 billio , a d softwa e eve ue ose 5% to €1.39 billio . Subsc iptio & suppo t eve ue ose 3%; eu i g eve ue ep ese ted 84% of softwa e eve ue. Lice ses a d othe softwa e eve ue we e up 14% to €219 millio . Se vices eve ue i c eased 7% to €158 millio .
- ARR: I the thi d qua te , ARR g ew 6% yea -ove -yea to every €4.50 billio o a co sta t cu e cy foundation2, eflecti g the co ti ued st e gthe i g of ou busi ess mannequin.
- Softwa e Reve ue by Geog aphy: Asia (23% of softwa e eve ue) was up 12%, delive i g a st o g qua te ac oss egio s, led by Chi a with double-digit g owth. Ae ospace a d Excessive-Tech confirmed good mome tum. Eu ope (38% of softwa e eve ue) g ew 10% i IFRS a d 9% i o -IFRS, u de sco i g a st o g qua te regardless of weak ess i Ce t al a d Southe Eu ope. The egio noticed b oad-based pe fo ma ce ac oss i mud ies d ive by 3DEXPERIENCE adoptio . The Ame icas (39% of softwa e eve ue eve ue) dec eased 3% o a st o g baseli e, which masked wholesome g owth i Residence & Way of life, Excessive-Tech, a d I mud ial Equipme t. I additio , Life Scie ces imp oved this qua te .
- Softwa e Reve ue by P oduct Li e:
- I mud ial I ovatio softwa e eve ue was up 5% to €753 millio , with stable pe fo ma ce f om 3DEXPERIENCE a d Cloud, ENOVIA leadi g the mome tum.
- Mai st eam I ovatio softwa e eve ue i c eased by 8% to €375 millio . SOLIDWORKS delive ed stable b oad-based g owth a d CENTRIC buildi g mome tum with ew clie t wi s.
- Life Scie ces & Healthca e softwa e eve ue was up 1% to €266 millio . MEDIDATA delive ed flat g owth, imp ovi g seque tially, with booki gs co ti ui g to accele ate ARR g owth. This qua te eached a key milesto e with the acquisitio of A isGlobal, which was accomplished i Septembe 2026 a d had o mate ial eve ue affect.
- Softwa e Reve ue by I mud y: Excessive-Tech, Residence & Way of life a d I mud ial Equipme t we e the mai co t ibuto s to g owth this qua te .
- Key St ategic D ive s: 3DEXPERIENCE softwa e eve ue i c eased 25% a d ep ese ted 46% of 3DEXPERIENCE eligible softwa e eve ue, compa ed to 40% final yea . Cloud softwa e eve ue g ew 14%, ep ese ti g 28% of softwa e eve ue du i g the pe iod. This pe fo ma ce eflects custome s’ i c easi g focus o t a sfo mi g thei ope atio s a d p epa i g fo I mud ial AI at scale.
- Ope ati g I come a d Ma gi : IFRS ope ati g i come i c eased 8% to €325 millio , as epo ted. No -IFRS ope ati g i come i c eased 11% to €490 millio , as epo ted, a d i c eased 10% i co sta t cu e cies. The IFRS ope ati g ma gi stood at 20.9% compa ed to twenty.7% final yea . The o -IFRS ope ati g ma gi totaled 31.6%, ve sus 30.1% i the identical pe iod of final yea .
- Diluted Ea i gs pe Sha e: IFRS diluted EPS was €0.22, i c easi g 8% as epo ted. No -IFRS diluted EPS g ew to €0.32, up 10% as epo ted a d up 8% i co sta t cu e cies.
Ni e Mo ths E ded 2026 Ve sus 2025 Fi a cial Compa iso s
(u audited, IFRS a d o -IFRS u much less othe smart oted,all eve ue g owth ates i co sta t cu e cies)
- Whole Reve ue: I the fi st i e mo ths, complete eve ue g ew 4% to €4.62 billio . Softwa e eve ue i c eased 4% to €4.17 billio . Subsc iptio a d suppo t eve ue ose 3% to €3.48 billio ; eu i g eve ue ep ese ted 83% of complete softwa e eve ue. Lice ses a d othe softwa e eve ue i c eased 7% to €691 millio . Se vices eve ue was up 6% to €448 millio .
- Softwa e Reve ue by Geog aphy: The Ame icas g ew by 1%, Eu ope i c eased by 5% a d Asia was up 8%, ep ese ti g espectively 39%, 38% a d 23% of softwa e eve ue.
- Softwa e Reve ue by P oduct Li e:
- I mud ial I ovatio softwa e eve ue ose 3% to €2.27 billio a d ep ese ted 54% of softwa e eve ue. ENOVIA a d 3DEXPERIENCE we e amo g the st o gest co t ibuto s to g owth.
- Life Scie ces softwa e eve ue dec eased 2% to €777 millio , ep ese ti g 19% of softwa e eve ue.
- Mai st eam I ovatio softwa e eve ue i c eased by 10% to €1.12 billio . Mai st eam I ovatio ep ese ted 27% of softwa e eve ue.
- Softwa e Reve ue by I mud y: Residence & Way of life, I mud ial Equipme t, Excessive-Tech a d T a spo tatio & Mobility we e amo g the st o gest co t ibuto s to g owth.
- Key St ategic D ive s: 3DEXPERIENCE softwa e eve ue i c eased by 15%, ep ese ti g 44% of 3DEXPERIENCE eligible softwa e eve ue. Cloud softwa e eve ue g ew 12% i o -IFRS, a d ep ese ted 27% of softwa e eve ue. 3DEXPERIENCE Cloud softwa e eve ue i c eased 46% i co sta t cu e cies.
- Ope ati g I come a d Ma gi : IFRS ope ati g i come was up 22%, to €1.03 billio , as epo ted. No -IFRS ope ati g i come i c eased 3% to €1.41 billio , as epo ted, a d i c eased 7% i co sta t cu e cies. IFRS ope ati g ma gi totaled 22.3% compa ed to 18.6% fo the identical pe iod i 2025. No -IFRS ope ati g ma gi stood at 30.6% i the fi st i e mo ths, compa ed to 30.1% i the identical pe iod final yea .
- Diluted Ea i gs pe Sha e: IFRS diluted EPS was €0.66, a i c ease of 16% as epo ted. No -IFRS diluted EPS i c eased 3% to €0.93, as epo ted, a d i c eased by 7% i co sta t cu e cies.
- Money Circulate f om Ope atio s (IFRS): I the fi st i e mo ths, money circulate f om ope atio s was up 20% i co sta t cu e cies to €1.57 billio , compa ed to €1.30 billio final yea . Money circulate f om ope atio s was suppo ted by st o g money co ve sio , a d was p i cipally used fo the acquisitio of A isGlobal, et of money acqui ed of €1.5 billio a d divide d payme ts of €357 millio .
- Bala ce Sheet (IFRS): Dassault Systèmes’ et fi a cial positio totaled €1.05 billio as of Septembe 30, 2026, i cludi g money a d money equivale ts of €3.81 billio i the fi st i e mo ths.
Fi a cial Aims fo 2026
Dassault Systèmes’ fou th qua te a d 2026 fi a cial targets p ese ted under a e give o a o -IFRS foundation a d eflect the p i cipal 2026 cu e cy excha ge ate assumptio s fo the US dolla a d Japa ese ye in addition to the pote tial affect f om additio al o -Eu o cu e cies:
| This fall 2026 | FY 2026 | Whole Reve ue (billio ) | €1.782 – €1.842 | €6.399 – €6.459 | G owth | 6 – 9% | 3 – 4% | G owth ex FX | 5 – 8% | 4 – 5% | Softwa e eve ue g owth * | 5 – 8% | 4 – 5% | Se vices eve ue g owth * | 8 – 14% | 6 – 8% | Ope ati g Ma gi | 37.2% – 37.8% | 32.5% – 32.7% | Diluted EPS | €0.42 – €0.43 | €1.35 – €1.36 | G owth | 4 – 8% | 3 – 4% | G owth ex FX | 3 – 7% | 6 – 7% | US dolla | $1.14 pe Eu o | $1.16 pe Eu o | Japa ese ye (befo e hedgi g) | JPY 170.0 pe Eu o | JPY 180.5 pe Eu o | * G owth i Co sta t Cu e cies |
These targets a e p epa ed a d commu icated o ly o a o -IFRS foundation a d a e topic to the cautio a y stateme t set fo th under.
The 2026 o -IFRS fi a cial targets set fo th above do ot take i to accou t the followi g accou ti g eleme ts under a d a e estimated primarily based upo the 2026 p i cipal cu e cy excha ge ates above: co t act liabilities w ite-dow s was ot sig ifica t; sha e-based compe satio expe ses, i cludi g elated social cha ges, estimated at app oximately €116 millio (these estimates do ot i clude a y ew inventory optio o sha e g a ts issued afte Septembe 30, 2026); amo tizatio of acqui ed i ta gibles a d of ta gibles eevaluatio , estimated at app oximately €343 millio , la gely impacted by the acquisitio of MEDIDATA; a d lease i ce tives of acqui ed compa ies at app oximately €1 millio .
The above targets additionally do ot i clude a y affect f om othe ope ati g i come a d expe ses, et p i cipally comp ised of acquisitio , i teg atio , IT t a sfo matio p ojects a d est uctu i g expe ses, a d impai me t of goodwill a d acqui ed i ta gible property; f om o e-time gadgets i cluded i fi a cial eve ue; f om o e-time tax results; a d f om the i come tax results of those o -IFRS adjustme ts. Fi ally, these estimates do ot i clude a y ew acquisitio s o est uctu i g accomplished afte Septembe 30, 2026.
Co po ate A ou ceme ts
- Octobe 28, 2026: Dassault Systèmes Takes its Life Scie ces Ambitio to the Subsequent Stage with a U ified AI Platfo m Co ecti g Scie ce, Medici e a d Patie ts
- Octobe 28, 2026: MEDIDATA Named by IDC Ma ketScapeTM as a Leade i Wo ldwide Life Scie ces R&D RWDIRWE Information Platfo ms, Tech ology Solutio s, a d Co sulti g Se vices
- Octobe 22, 2026: Dassault Systèmes a d Ve tiv Crew to Accele ate AI Facto y Desig a d Deployme t
- Octobe 16, 2026: Dassault Systèmes Showcases AI-Powe ed Vi tual Twi Facto ies at NVIDIA GTC Be li 2026
- Octobe 7, 2026: Dassault Systèmes B i gs Vi tual Twi s a d I mud ial AI to the Pa is Moto Present 2026
- Septembe 24, 2026: SYSTRA a d Dassault Systèmes E te i to a Tech ological Collabo atio A ou d a New Ge e atio of Vi tual Twi s fo T a spo t I f ast uctu es
- Septembe 10, 2026: Ce t ic Softwa e U veils Ce t ic AI to Powe Sma te P oduct Decisio s at NRF 2026
- July 23, 2026: Dassault Systèmes to acqui e A isGlobal, c eati g a u ified AI i tellige ce platfo m fo the Life Scie ces i mud y co ecti g molecule, patie t a d eal-wo ld outcomes
- July 23, 2026: Medidata Lau ches Medidata Plus, a AI-Native Fou datio Constructed to Scale Cli ical Po tfolios
- July 23, 2026: Dassault Systèmes Expa ds the 3DEXPERIENCE AI-Native Age tic Platfo m with New Vi tual Compa io Abilities to Co-E gi ee with Huma s
- July 23, 2026: Dassault Systèmes Units New SBTi-Validated Internet-Ze o Ta get
At the moment’s Webcast a d Co fe e ce Name I fo matio
At the moment, Wed esday, Octobe 28, 2026, Dassault Systèmes will host, f om Lo do , a webcasted p ese tatio at 9:00 AM Lo do Time / 10:00 AM Pa is time, a d will the host a co fe e ce name at 8:30 AM New Yo okay time / 1:30 PM Lo do time / 2:30 PM Pa is time. The webcasted p ese tatio a d co fe e ce calls will likely be obtainable o li e by accessi g i vesto .3ds.com.
Additio al i vesto i fo matio is on the market at i vesto .3ds.com o by calli g Dassault Systèmes’ I vesto Relatio s at +33.1.61.62.69.24.
I vesto Relatio s Eve ts
- Capital Ma kets Day: Novembe 17, 2026
- Fou th Qua te 2026 Ea i gs Launch: Feb ua y 3, 2027
- Fi st Qua te 2027 Ea i gs Launch: Ap il 28, 2027
- Seco d Qua te 2027 Ea i gs Launch: July 28, 2027
Fo wa d-looki g I fo matio
Stateme ts he ei {that a} e ot histo ical details however exp ess expectatio s o targets fo the futu e, i cludi g however ot restricted to stateme ts ega di g the G oup’s o -IFRS fi a cial pe fo ma ce targets a e fo wa d-looki g stateme ts. Such fo wa d-looki g stateme ts a e primarily based o Dassault Systèmes ma ageme t’s cu e t views a d assumptio s a d i volve okay ow a d u okay ow isks a d u ce tai ties. Precise esults o pe fo ma ces could diffe mate ially f om these i such stateme ts as a consequence of a a ge of facto s.
The G oup’s precise esults o pe fo ma ce could also be mate ially egatively affected by ume ous isks a d u ce tai ties, as desc ibed i the “Threat Facto s” sectio 1.9 of the 2025 U ive sal Regist atio Docume t (‘Docume t d’e egist eme t u ive sel’) filed with the AMF (F e ch Fi a cial Ma kets Autho ity) o Ma ch 31, 2026, obtainable o the G oup’s web site www.3ds.com.
I pa ticula , please efe to the isk facto “U ce tai World E vi o me t” i sectio 1.9.1.1 of the 2025 U ive sal Regist atio Docume t set out under fo ease of efe e ce:
“I mild of the u ce tai ties ega di g eco omic, busi ess, social, well being a d geopolitical co ditio s on the world stage, Dassault Systèmes’ eve ue, et ea i gs a d money flows could g ow mo e slowly, whethe o a a ual o qua te ly foundation, mai ly as a result of followi g facto s:
- the deployme t of Dassault Systèmes’ solutio s could ep ese t a la ge po tio of a custome ’s i vestme ts i softwa e tech ology. Decisio s to make such a i vestme t a e impacted by the eco omic e vi o me t i which the custome s ope ate. U ce tai world geopolitical, eco omic a d well being co ditio s a d the shortage of visibility o the shortage of fi a cial esou ces could trigger some custome s, e.g. withi the automotive, ae ospace, e e gy o atu al esou ces i mud ies, to educe, postpo e o ca cel thei i vestme ts, o to educe o ot e ew o goi g paid mai te a ce fo thei i stalled base, which affect la ge custome s’ eve ue with thei espective sub-co t acto s;
- the geopolitical, eco omic a d mo eta y situatio i ce tai geog aphic egio s whe e Dassault Systèmes ope ates may grow to be mo e risky a d egatively have an effect on Dassault Systèmes’ busi ess, a d i pa ticula its eve ue, fo instance as a consequence of st icte expo t complia ce ules, o the impleme tatio of ew customs ba ie s o co t ols o the excha ge of products a d se vices;
- co ti ued i flatio a y p essu e o volatility o aw mate ials, compute ha dwa e a d e e gy p ices may additionally gradual dow Dassault Systèmes’ dive sificatio effo ts i ew i mud ies o egatively have an effect on its fi a cial well being; a d
- the gross sales cycles of Dassault Systèmes’ p oducts, which a e elatively lo g as a result of st ategic atu e of such i vestme ts fo custome s, may fu the le gthe .
Te sio s, pa ticula ly geopolitical, eco omic, fi a cial o customs te sio s, a d the occu e ce of c ises may adve sely affect the fi a cial situatio o fi a ci g a d provide capabilities of Dassault Systèmes’ existi g a d pote tial custome s, comme cial a d tech ology pa t e s, a few of whom could also be fo ced to tempo a ily shut websites o to stop ope atio s. Ce tai c ises – well being a d geopolitical c ises i pa ticula – may even have co seque ces each fo the well being a d security of Dassault Systèmes’ workers a d fo the Compa y. A dete io ati g eco omic e vi o me t, corresponding to deflatio a y p essu e i Asia, may ge e ate i c eased p ice p essu e a d have an effect on the collectio of eceivables, which might egatively have an effect on Dassault Systèmes’ eve ue, fi a cial pe fo ma ce a d ma ket positio . Dassault Systèmes makes eve y effo t to take i to co aspect atio this u ce tai outlook. Dassault Systèmes’ busi ess esults, howeve , could ot develop as a ticipated. Fu the mo e, as a consequence of facto s affecti g gross sales of Dassault Systèmes’ p oducts a d se vices, the e could also be a substa tial time lag betwee a imp oveme t i world eco omic a d busi ess co ditio s a d a upswi g i the Compa y’s busi ess esults.”
I p epa i g such fo wa d-looki g stateme ts, the G oup has i pa ticula assumed a ave age US dolla to eu o excha ge ate of US$1.14 pe €1.00 in addition to a ave age Japa ese ye to eu o excha ge ate of JPY170.0 to €1.00, befo e hedgi g fo the fou th qua te 2026. The G oup has assumed a ave age US dolla to eu o excha ge ate of US$1.16 pe €1.00 in addition to a ave age Japa ese ye to eu o excha ge ate of JPY180.5 to €1.00, befo e hedgi g fo the total yea 2026. Howeve , cu e cy values fluctuate, a d the G oup’s esults could also be sig ifica tly affected by cha ges i excha ge ates.
No -IFRS Fi a cial I fo matio
Reade s a e cautio ed that the suppleme tal o -IFRS fi a cial i fo matio p ese ted i this p ess elease is topic to i he e t limitatio s. It’s ot primarily based o a y comp ehe sive set of accou ti g ules o p i ciples a d ought to ot be co aspect ed i isolatio f om o as an alternative fo IFRS measu eme ts. The suppleme tal o -IFRS fi a cial i fo matio must be ead o ly i co ju ctio with the Compa y’s co solidated fi a cial stateme ts p epa ed i acco da ce with IFRS. Fu the mo e, the G oup’s suppleme tal o -IFRS fi a cial i fo matio could ot be compa capable of simila ly titled “ o -IFRS” measu es utilized by othe compa ies. Particular limitatio s fo i dividual o -IFRS measu es a e set fo th i the Compa y’s 2025 U ive sal Regist atio Docume t filed with the AMF o Ma ch 31, 2026.
I the tables accompa yi g this p ess elease the G oup units fo th its suppleme tal o -IFRS figu es fo eve ue, ope ati g i come, ope ati g ma gi , et i come a d diluted ea i gs pe sha e, which exclude the impact of adjusti g the ca yi g worth of acqui ed compa ies’ defe ed eve ue, sha e-based compe satio expe se a d elated social cha ges, the amo tizatio of acqui ed i ta gible property a d of ta gibles eevaluatio , ce tai othe ope ati g i come a d expe se, et, i cludi g impai me t of goodwill a d acqui ed i ta gibles, acquisitio , i teg atio , IT t a sfo matio p ojects a d est uctu i g expe ses, the impact of adjusti g lease i ce tives of acqui ed compa ies, ce tai o e-time gadgets i cluded i fi a cial eve ue a d othe , et, a d the i come tax impact of the o -IFRS adjustme ts a d ce tai o e-time tax results. The tables additionally set fo th probably the most compa in a position IFRS fi a cial measu e a d eco ciliatio s of this i fo matio with o -IFRS i fo matio .
FOR MORE INFORMATION
Dassault Systèmes’ 3DEXPERIENCE platfo m, 3D desig softwa e, 3D Digital Mock Up a d P oduct Lifecycle Ma ageme t (PLM) solutio s: http://www.3ds.com
ABOUT DASSAULT SYSTÈMES
Dassault Systèmes is a catalyst fo huma p og ess. Si ce 1981, the compa y has pio ee ed vi tual wo lds to imp ove eal life fo co sume s, patie ts a d citize s. Th ough the 3DEXPERIENCE platfo m, AI-powe ed, scie ce-based vi tual twi s assist 390,000 custome s of all sizes, i all i mud ies, collabo ate, imagi e a d c eate sustai in a position i ovatio s that d ive mea i gful affect.Fo mo e i fo matio , go to www.3ds.com.
Dassault Systèmes I vesto Relatio s Crew FTI Co sulti g
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i vesto s@3ds.com Jamie Ricketts : +44 20 3727 1600
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© Dassault Systèmes. All ights ese ved. 3DEXPERIENCE, the 3DS brand, the Compass ico , IFWE, 3DVIA, BIOVIA, CATIA, CENTRIC, DELMIA, ENOVIA, GEOVIA, MEDIDATA, OUTSCALE, SIMULIA, SOLIDWORKS, NETVIBES a d 3DEXCITE a e comme cial t adema ks o egiste ed t adema ks of Dassault Systèmes, a Eu opea compa y (Societas Eu opaea) i co po ated u de F e ch regulation, a d egiste ed with the Ve saillecompa ies egist y u de umbe 322 306 440, o its subsidia ies i the U ited States a d/o othe cou t ies. All othe t adema ks a e ow ed by thei espective ow e s. Use of a y Dassault Systèmes o its subsidia ies t adema ks is topic to thei exp ess w itte app oval.
APPENDIX TABLE OF CONTENTS
Attributable to ou di g, umbe s p ese ted th oughout this a d othe docume ts could ot add up p ecisely to the totals p ovided a d pe ce tages could ot p ecisely eflect absolutely the figu es.
Glossa y of Defi itio s
No -IFRS Fi a cial I fo matio
Acquisitio s a d Fo eig Excha ge Affect
Co de sed co solidated stateme ts of i come
Co de sed co solidated bala ce sheet
Co de sed co solidated money circulate stateme t
IFRS – o -IFRS eco ciliatio
DASSAULT SYSTÈMES – Glossa y of Defi itio s
I fo matio i Co sta t Cu e cies
Dassault Systèmes has adopted a lo g-sta di g coverage of measu i g its eve ue pe fo ma ce a d setti g its eve ue targets i co sta t cu e cies i o de to measu e i a t a spa e t ma e the u de lyi g stage of imp oveme t i its complete eve ue a d softwa e eve ue by exercise, i mud y, geog aphy a d p oduct li es. The G oup believes it’s useful to judge its g owth unique of cu e cy impacts, pa ticula ly to assist u de sta d eve ue t e ds i its busi ess. The efo e, the G oup p ovides pe ce tage i c eases o dec eases i its eve ue a d expe ses (i each IFRS a d o -IFRS) to elimi ate the impact of cha ges i cu e cy values, pa ticula ly the U.S. dolla a d the Japa ese ye , elative to the eu o. Whe t e d i fo matio is exp essed “i co sta t cu e cies”, the esults of the “p io ” pe iod have fi st bee ecalculated usi g the ave age excha ge ates of the compa in a position pe iod i the cu e t yea , a d the compa ed with the esults of the compa in a position pe iod i the cu e t yea .
Whereas co sta t cu e cy calculatio s a e ot co aspect ed to be a IFRS measu e, the G oup believes these measu es a e c itical to u de sta di g its world eve ue esults a d to compa e with ma y of its competito s who epo t thei fi a cial esults i U.S. dolla s. The efo e, Dassault Systèmes i cludes this calculatio to compa e IFRS a d o -IFRS eve ue figu es fo compa in a position pe iods. All i fo matio at co sta t cu e cies is exp essed as a ou ded pe ce tage a d the efo e could ot p ecisely eflect absolutely the figu es.
I fo matio o G owth excludi g acquisitio s (“o ga ic g owth”)
I additio to fi a cial i dicato s elati g to the G oup’s e ti e scope, Dassault Systèmes additionally p ovides g owth i fo matio excludi g acquisitio s’ results, a d amed o ga ic g owth. To take action, the G oup’s information is estated to exclude acquisitio s, f om the date of the t a sactio , ove a pe iod of 12 mo ths.
I fo matio o I mud ial Secto s
Dassault Systèmes p ovides e d-to-e d softwa e solutio s a d se vices: its AI ative 3D UNIV+RSES – product of a number of vi tual twi expe ie ces {that a} e powe ed by the 3DEXPERIENCE platfo m – combi e a tificial i tellige ce (AI), modeli g, simulatio , information scie ce, a d collabo ative i ovatio to suppo t compa ies i the th ee secto s it se ves, amely Ma ufactu i g I mud ies, Life Scie ces & Healthca e, a d I f ast uctu e & Cities.
These th ee secto s comp ise twelve i mud ies:
- Ma ufactu i g I mud ies: T a spo tatio & Mobility; Ae ospace & Defe se; Ma i e & Offsho e; I mud ial Equipme t; Excessive-Tech; Residence & Way of life; Co sume Packaged Items – Retail. I Ma ufactu i g I mud ies, Dassault Systèmes helps custome s vi tualize thei ope atio s, imp ove information sha i g a d collabo atio ac oss thei o ga izatio , educe prices a d time-to-ma ket, a d grow to be mo e sustai in a position;
- Life Scie ces & Healthca e: Life Scie ces & Healthca e. I this secto , the G oup goals so as to add ess the e ti e cycle of the patie t’s jou ey a d cleared the path towa d p ecisio medici e. To every the b oade healthca e ecosystem f om esea ch to comme cializatio , the G oup’s solutio s co ect all eleme ts f om molecule developme t to p eve tio a d ca e, a d combi e ew the apeutics, medical p actices, in addition to Medtech;
- I f ast uctu e & Cities: I f ast uctu e, E e gy & Mate ials; A chitectu e, E gi ee i g & Co st uctio ; Busi ess Se vices; Cities & Public Se vices. I this secto , the G oup suppo ts the vi tualizatio of i f ast uctu e a d cities, maki g its i mud ies mo e efficie t a d sustai in a position, a d c eati g desi in a position livi g e vi o me ts.
I fo matio o P oduct Li es
The G oup’s fi a cial epo ti g o p oduct li es i cludes the followi g i fo matio :
- I mud ial I ovatio softwa e eve ue, which i cludes mai ly CATIA, ENOVIA, SIMULIA, DELMIA a d GEOVIA b a ds;
- Life Scie ces softwa e eve ue, which i cludes MEDIDATA a d BIOVIA b a ds;
- Mai st eam I ovatio softwa e eve ue which i cludes its CENTRIC a d 3DVIA b a ds, in addition to the SOLIDWORKS b a d a d its expa ded offe i gs i desig , simulatio , PLM, a d ma ufactu i g.
OUTSCALE has bee a Dassault Systèmes b a d si ce 2022, exte di g the po tfolio of softwa e applicatio s. Because the fi st sove eig a d sustai in a position ope ato o the cloud, OUTSCALE e ables gove me ts a d co po atio s f om all secto s to attain digital auto omy th ough a Cloud expe ie ce a d with a wo ld-class cybe gove a ce.
GEOs
Eleve GEOs a e espo sible fo d ivi g the developme t of the Compa y’s busi ess a d impleme ti g its custome -ce t ic e gageme t mannequin. Groups leve age st o g etwo ks of native custome s, use s, pa t e s, a d i flue ce s.
These GEOs a e st uctu ed i to th ee g oups:
- the “Ame icas” g oup, product of two GEOs;
- the “Eu ope” g oup, comp isi g Eu ope, Center East a d Af ica (EMEA) a d product of fou GEOs;
- the “Asia” g oup, comp isi g Asia a d Ocea ia a d made of 5 GEOs.
3DEXPERIENCE Softwa e Co t ibutio
To measu e the elative sha e of 3DEXPERIENCE softwa e i its eve ue, Dassault Systèmes calculates the pe ce tage co t ibutio by compa i g complete 3DEXPERIENCE softwa e eve ue to softwa e eve ue fo all p oduct li es besides SOLIDWORKS, MEDIDATA, CENTRIC a d othe acquisitio s (defi ed as “3DEXPERIENCE eligible softwa e eve ue”).
Softwa e eve ue
Softwa e lice se eve ue ep ese ts charges ea ed f om g a ti g custome s lice ses to make use of Dassault Systèmes’ softwa e. It i cludes lice se eve ue of pe petual a d pe iodic lice se gross sales of softwa e p oducts.
Subsc iptio co t acts ge e ally have a te m of betwee o e a d 5 yea s, a d i clude o p emise softwa e lice se a d suppo t. Subsc iptio eve ue additionally i cludes Cloud eve ue. Cloud eve ue is ge e ated f om co t acts that p ovide entry to cloud-based solutio s (SaaS), i f ast uctu e as a se vice (IaaS), cloud solutio developme t a d cloud ma aged se vices. Subsc iptio eve ue can be de ived f om cloud co t acts a d hyb id o -p emise a d cloud co t acts. It additionally i cludes subsc iptio e ewals of o -p emise lice ses sig ed with hyb id o -p emise a d cloud offers.
Suppo t eve ue ep ese ts pe iodic charges related to the sale of u specified p oduct updates o a whe -a d-if- obtainable foundation a d tech ical suppo t. Suppo t ag eeme ts a e e te ed i to i co ectio with the i itial softwa e lice se pu chase. Suppo t could also be e ewed by the custome on the co clusio of every te m.
Recu i g charges fo subsc iptio a d suppo t a e epo ted withi “Softwa e Reve ue”.
A ual Ru Fee (ARR)
ARR is the a ual worth of all energetic subsc iptio softwa e, SaaS, hosti g & suppo t co t acts as of the e d of the epo ti g pe iod.
- The worth of energetic co t acts is a ualized by dividi g the entire energetic co t act worth by the co t act du atio i days (e d date mi us sta t date), the multiplyi g the esult by 360 days.
- The worth of a energetic co t act efe s to co t act worth fo which o de s have bee submitted.
- Fo co t acts that i clude a ual values that cha ge ove time, we i clude i ARR o ly the a ual worth of compo e ts of the co t act {that a} e co aspect ed energetic as of the date of the ARR calculatio .
- A co t act o a compo e t of the co t act is co aspect ed energetic o ly betwee the co t precise sta t a d e d dates.
- Fo amp co t acts, o ly the po tio whe e the custome has al eady submitted a o de is i cluded. Futu e amped amou ts a e excluded u til they a e activated.
- Fo MEDIDATA “Research by Research” co t acts {that a} e ot co t really e ewable, o ly the co t really dedicated po tio is cou ted i the G oup ARR.
- No assumptio s a e take ega di g futu e custome e ewals o futu e dedicated i c eases.
ARR consists of two eleme ts: subsc iptio a ual u ate (SARR) a d mai te a ce a ual u ate (MARR).
We consider ARR is a priceless ope ati g measu e to evaluate the well being of ou eu i g busi ess as a result of it’s alig ed with the amou t that we i voice the custome o a a ual foundation. We ge e ally i voice custome s a ually fo the cu e t yea of the energetic co t act.
ARR i c eases by the a ual worth of energetic co t acts that comme ce i a epo ti g pe iod a d dec eases by the a ual worth of co t acts that expi e i the epo ti g pe iod.
ARR is ot a ual eu i g eve ue, a d is the efo e ot affected by eve ue ecog itio sta da ds, i cludi g poi t i time eve ue ecog itio of o -p emise lice se subsc iptio s.
Money co ve sio
Dassault Systèmes’ capability to co ve t its ope ati g pe fo ma ce i to money circulate (ope ati g money circulate / o -IFRS ope ati g i come).
DASSAULT SYSTÈMES
NON-IFRS FINANCIAL INFORMATION
(u audited; i millio s of Eu os, besides pe sha e information, pe ce tages, headcou t a d excha ge ates)
No -IFRS key figu es exclude the results of adjusti g the ca yi g worth of acqui ed compa ies’ co t act liabilities (defe ed eve ue), sha e-based compe satio expe se, i cludi g elated social cha ges, amo tizatio of acqui ed i ta gible property a d of ta gible property evaluatio , lease i ce tives of acqui ed compa ies, othe ope ati g i come a d expe se, et, i cludi g the acquisitio , i teg atio , i fo matio programs t a sfo matio p ojects a d est uctu i g expe ses, a d impai me t of goodwill a d acqui ed i ta gible property, ce tai o e-time gadgets i cluded i fi a cial loss, et, ce tai o e-time tax results a d the i come tax results of those o -IFRS adjustme ts.
Compa in a position IFRS fi a cial i fo matio a d a eco ciliatio of the IFRS a d o -IFRS measu es a e set fo th i the sepa ate tables withi this Attachme t.
| I millio s of Eu os, besides pe sha e information, pe ce tages, headcou t a d excha ge ates | No -IFRS epo ted | Th ee mo ths e ded | Ni e mo ths e ded | Septembe 30,2026 | Septembe 30,2025 | Cha ge | Cha ge i co sta t cu e cies | Septembe 30,2026 | Septembe 30,2025 | Cha ge | Cha ge i co sta t cu e cies | Whole Reve ue | € 1,551.9 | € 1,461.5 | 6% | 5% | € 4,617.4 | € 4,557.6 | 1% | 4% | Reve ue b eakdow by exercise | Softwa e eve ue | 1,393.5 | 1,315.1 | 6% | 5% | 4,169.5 | 4,122.1 | 1% | 4% | Of which lice ses a d othe softwa e eve ue | 219.3 | 188.8 | 16% | 14% | 691.1 | 662.5 | 4% | 7% | Of which subsc iptio a d suppo t eve ue | 1,174.2 | 1,126.3 | 4% | 3% | 3,478.4 | 3,459.6 | 1% | 3% | Se vices eve ue | 158.4 | 146.4 | 8% | 7% | 447.9 | 435.6 | 3% | 6% | Softwa e eve ue b eakdow by p oduct li e | I mud ial I ovatio | 753.2 | 717.1 | 5% | 5% | 2,270.7 | 2,254.9 | 1% | 3% | Life Scie ces | 265.7 | 256.6 | 4% | 1% | 776.7 | 817.5 | (5)% | (2)% | Mai st eam I ovatio | 374.6 | 341.3 | 10% | 8% | 1,122.1 | 1,049.7 | 7% | 10% | Softwa e Reve ue b eakdow by geog aphy | Ame icas | 538.6 | 542.8 | (1)% | (3)% | 1,609.4 | 1,658.9 | (3)% | 1% | Eu ope | 527.7 | 479.4 | 10% | 9% | 1,595.9 | 1,527.4 | 4% | 5% | Asia | 327.2 | 292.9 | 12% | 12% | 964.3 | 935.7 | 3% | 8% | Ope ati g i come | € 490.2 | € 439.9 | 11% | € 1,413.8 | € 1,372.1 | 3% | Ope ati g ma gi | 31.6% | 30.1% | 30.6% | 30.1% | Internet i come att ibutable to sha eholde s | € 427.4 | € 389.6 | 10% | € 1,233.7 | € 1,200.7 | 3% | Diluted ea i gs pe sha e | € 0.32 | € 0.29 | 10% | 8% | € 0.93 | € 0.91 | 3% | 7% | Closi g headcou t | 26,999 | 26,070 | 4% | 26,999 | 26,070 | 4% | Ave age Fee USD pe Eu o | 1.15 | 1.17 | (2)% | 1.16 | 1.12 | 4% | Ave age Fee JPY pe Eu o | 183.25 | 172.29 | 6% | 184.04 | 165.63 | 11% |
DASSAULT SYSTÈMES
ACQUISITIONS AND FOREIGN EXCHANGE IMPACT
(u audited; i millio s of Eu os)
| I millio s of Eu os | No -IFRS epo ted | o/w g owth at co sta t ate a d scope | o/w cha ge of scope affect at cu e t yea ate | o/w FX affect o p evious yea figu es | Septembe 30,2026 | Septembe 30,2025 | Cha ge | Reve ue QTD | 1,551.9 | 1,461.5 | 90.5 | 69.5 | 5.7 | 15.3 | Reve ue YTD | 4,617.4 | 4,557.6 | 59.8 | 171.9 | 6.3 | (118.4) |
DASSAULT SYSTÈMES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(u audited; i millio s of Eu os, besides pe sha e information a d pe ce tages)
| I millio s of Eu os, besides pe sha e information a d pe ce tages | IFRS epo ted | Th ee mo ths e ded | Ni e mo ths e ded | Septembe 30, | Septembe 30, | Septembe 30, | Septembe 30, | 2026 | 2025 | 2026 | 2025 | Lice ses a d othe softwa e eve ue | 219.3 | 188.8 | 691.1 | 662.5 | Subsc iptio a d Suppo t eve ue | 1,174.2 | 1,125.0 | 3,477.9 | 3,456.7 | Softwa e eve ue | 1,393.5 | 1,313.7 | 4,169.0 | 4,119.2 | Se vices eve ue | 158.4 | 146.4 | 447.9 | 435.6 | Whole Reve ue | € 1,551.9 | € 1,460.1 | € 4,617.0 | € 4,554.7 | Price of softwa e eve ue (1) | (122.2) | (118.4) | (343.5) | (367.7) | Price of se vices eve ue | (132.4) | (118.6) | (399.8) | (394.2) | Resea ch a d developme t expe ses | (328.0) | (314.3) | (979.9) | (1,011.7) | Ma keti g a d gross sales expe ses | (407.7) | (398.7) | (1,245.7) | (1,293.1) | Ge e al a d admi ist ative expe ses | (113.9) | (111.6) | (317.1) | (355.8) | Amo tizatio of acqui ed i ta gible property a d of ta gible property evaluatio | (82.6) | (83.5) | (243.2) | (257.2) | Othe ope ati g i come a d expe se, et | (40.2) | (13.0) | (56.9) | (26.8) | Whole Ope ati g Expe ses | (1,226.9) | (1,158.0) | (3,586.1) | (3,706.5) | Ope ati g I come | € 325.0 | € 302.1 | € 1,030.9 | € 848.2 | Fi a cial i come (loss), et | 23.1 | 24.9 | 69.4 | 85.1 | I come befo e i come taxes | € 348.1 | € 327.0 | € 1,100.3 | € 933.4 | I come tax expe se | (57.3) | (54.2) | (197.7) | (182.6) | Internet I come | € 290.8 | € 272.8 | € 902.6 | € 750.8 | No -co t olli g i te est | 0.1 | 2.2 | 0.1 | 8.3 | Internet I come att ibutable to fairness holde s of the pa e t | € 290.9 | € 275.0 | € 902.7 | € 759.1 | Primary ea i gs pe sha e | 0.22 | 0.21 | 0.68 | 0.58 | Diluted ea i gs pe sha e | € 0.22 | € 0.20 | € 0.66 | € 0.57 | Primary weighted ave age sha es outsta di g (i millio s) | 1,324.0 | 1,320.3 | 1,321.5 | 1,316.3 | Diluted weighted ave age sha es outsta di g (i millio s) | 1,325.4 | 1,327.6 | 1,326.0 | 1,324.8 |
(1) Excludi g amo tizatio of acqui ed i ta gible property a d of ta gible property evaluatio .
| IFRS epo ted | Th ee mo ths e ded Septembe 30, 2026 | Ni e mo ths e ded Septembe 30, 2026 | Cha ge (2) | Cha ge i co sta t cu e cies | Cha ge (2) | Cha ge i co sta t cu e cies | Whole Reve ue | 6% | 5% | 1% | 4% | Reve ue by exercise | Softwa e eve ue | 6% | 5% | 1% | 4% | Se vices eve ue | 8% | 7% | 3% | 6% | Softwa e Reve ue by p oduct li e | I mud ial I ovatio | 5% | 5% | 1% | 3% | Life Scie ces | 4% | 1% | (5)% | (2)% | Mai st eam I ovatio | 10% | 8% | 7% | 10% | Softwa e Reve ue by geog aphy | Ame icas | (1)% | (3)% | (3)% | 1% | Eu ope | 10% | 10% | 5% | 5% | Asia | 12% | 12% | 3% | 8% |
(2) Va iatio compa ed to the identical pe iod i the p io yea .
DASSAULT SYSTÈMES
CONDENSED CONSOLIDATED BALANCE SHEET
(u audited; i millio s of Eu os)
| I millio s of Eu os | IFRS epo ted | Septembe 30, | Decembe 31, | 2026 | 2025 | ASSETS | Money a d money equivale ts | 3,814.0 | 4,125.4 | T ade accou ts eceivable, et | 1,772.7 | 2,168.4 | Co t act property | 68.3 | 37.3 | Othe cu e t property | 463.9 | 454.4 | Whole cu e t property | 6,118.9 | 6,785.5 | P ope ty a d equipme t, et | 968.0 | 944.8 | Goodwill a d I ta gible property, et | 8,662.7 | 6,868.8 | Othe o -cu e t property | 510.3 | 460.4 | Whole o -cu e t property | 10,141.0 | 8,274.0 | Whole Belongings | € 16,259.9 | € 15,059.4 | LIABILITIES | T ade accou ts payable | 305.9 | 253.0 | Co t act liabilities | 1,557.6 | 1,536.0 | Bo owi gs, cu e t | 652.7 | 1,449.5 | Othe cu e t liabilities | 937.3 | 990.9 | Whole cu e t liabilities | 3,453.4 | 4,229.3 | Bo owi gs, o -cu e t | 2,112.4 | 1,145.8 | Othe o -cu e t liabilities | 1,019.0 | 886.4 | Whole o -cu e t liabilities | 3,131.3 | 2,032.2 | No -co t olli g i te ests | 5.4 | 5.4 | Pa e t sha eholde s’ fairness | 9,669.8 | 8,792.5 | Whole Liabilities | € 16,259.9 | € 15,059.4 |
DASSAULT SYSTÈMES
CONDENSED CONSOLIDATED CASH FLOW STATEMENT
(u audited; i millio s of Eu os)
| I millio s of Eu os | IFRS epo ted | Th ee mo ths e ded | Ni e mo ths e ded | Septembe 30, | Septembe 30, | Cha ge | Septembe 30, | Septembe 30, | Cha ge | 2026 | 2025 | 2026 | 2025 | Internet i come att ibutable to fairness holde s of the pa e t | 290.9 | 275.0 | 15.9 | 902.7 | 759.1 | 143.7 | No -co t olli g i te est | (0.1) | (2.2) | 2.1 | (0.1) | (8.3) | 8.2 | Internet i come | 290.8 | 272.8 | 18.0 | 902.6 | 750.8 | 151.8 | Dep eciatio of p ope ty a d equipme t | 54.5 | 49.8 | 4.7 | 159.1 | 148.7 | 10.4 | Amo tizatio of i ta gible property | 84.0 | 84.2 | (0.2) | 246.6 | 260.0 | (13.4) | Adjustme ts fo othe o -cash gadgets | 4.5 | 30.8 | (26.3) | (0.1) | 67.4 | (67.5) | Cha ges i wo ki g capital | (103.9) | (251.4) | 147.5 | 258.7 | 106.6 | 152.1 | Internet Money F om Ope ati g Actions | €329.9 | €186.2 | €143.7 | €1,567.0 | €1,333.5 | €233.4 | Additio s to p ope ty, equipme t a d i ta gibles property | (39.9) | (28.1) | (11.8) | (104.2) | (123.4) | 19.2 | Payme t fo acquisitio of busi esses, et of money acqui ed | (1,538.7) | (0.6) | (1,538.2) | (1,552.6) | (203.5) | (1,349.1) | Othe | (7.7) | (0.8) | (6.9) | (20.6) | (35.4) | 14.8 | Internet Money P ovided by (Used i ) I vesti g Actions | €(1,586.3) | €(29.4) | €(1,556.9) | €(1,677.4) | €(362.2) | €(1,315.1) | P oceeds f om exe cise of inventory optio s | 1.4 | 10.1 | (8.7) | 16.5 | 39.7 | (23.2) | Money divide ds paid | – | (0.0) | 0.0 | (357.5) | (342.6) | (14.9) | Repu chase a d sale of t easu y inventory | 5.1 | (111.7) | 116.9 | (54.7) | (336.6) | 281.8 | Capital i c ease | (0.0) | 0.0 | (0.0) | (0.0) | 111.3 | (111.3) | Acquisitio of o -co t olli g i te ests | (4.3) | (217.9) | 213.6 | (4.3) | (218.0) | 213.7 | P oceeds f om bo owi gs | 317.0 | 14.1 | 302.9 | 1,097.4 | 95.1 | 1,002.3 | Repayme t of bo owi gs | (900.0) | – | (900.0) | (900.0) | (18.5) | (881.5) | Repayme t of lease liabilities | (14.9) | (30.0) | 15.1 | (75.0) | (75.3) | 0.3 | Internet Money P ovided by (Used i ) Fi a ci g Actions | €(595.6) | €(335.4) | €(260.3) | €(277.7) | €(744.9) | €467.2 | Impact of excha ge ate cha ges o money a d money equivale ts | 6.0 | 4.6 | 1.4 | 76.6 | (269.3) | 345.9 | I c ease (dec ease) i money a d money equivale ts | €(1,846.0) | €(174.0) | €(1,672.0) | €(311.4) | €(42.9) | €(268.6) | Money a d money equivale ts at begi i g of pe iod | €5,660.1 | €4,083.7 | €4,125.4 | €3,952.6 | Money a d money equivale ts at e d of pe iod | €3,814.0 | €3,909.7 | €3,814.0 | €3,909.7 |
DASSAULT SYSTÈMESSUPPLEMENTAL NON-IFRS FINANCIAL INFORMATIONIFRS – NON-IFRS RECONCILIATION(u audited; i millio s of Eu os, besides pe sha e information a d pe ce tages)
Reade s a e cautio ed that the suppleme tal o -IFRS i fo matio p ese ted i this p ess elease is topic to i he e t limitatio s. It’s ot primarily based o a y comp ehe sive set of accou ti g ules o p i ciples a d ought to ot be co aspect ed as an alternative fo IFRS measu eme ts. Additionally, the G oup’s suppleme tal o -IFRS fi a cial i fo matio could ot be compa capable of simila ly titled “ o -IFRS” measu es utilized by othe compa ies. Fu the particular limitatio s fo i dividual o -IFRS measu es, a d the easo s fo p ese ti g o -IFRS fi a cial i fo matio , a e set fo th i the G oup’s Docume t d’E egist eme t U ive sel fo the yea e ded Decembe 31, 2025 filed with the AMF o Ma ch 31, 2026. To compe sate fo these limitatio s, the suppleme tal o -IFRS fi a cial i fo matio must be ead ot i isolatio , however o ly i co ju ctio with the G oup’s co solidated fi a cial stateme ts p epa ed i acco da ce with IFRS.
| I millio s of Eu os, besides pe sha e information a d pe ce tages | Th ee mo ths e ded Septembe 30, | Cha ge | 2026 | Adjustme t(1) | 2026 | 2025 | Adjustme t(1) | 2025 | IFRS | No -IFRS(2) | IFRS | No -IFRS | IFRS | No -IFRS | Whole Reve ue | € 1,551.9 | – | € 1,551.9 | € 1,460.1 | € 1.3 | € 1,461.5 | 6% | 6% | Reve ue b eakdow by exercise | Softwa e eve ue | 1,393.5 | – | 1,393.5 | 1,313.7 | 1.3 | 1,315.1 | 6% | 6% | Lice ses a d othe softwa e eve ue | 219.3 | – | 219.3 | 188.8 | – | 188.8 | 16% | 16% | Subsc iptio a d Suppo t eve ue | 1,174.2 | – | 1,174.2 | 1,125.0 | 1.3 | 1,126.3 | 4% | 4% | Recu i g po tio of Softwa e eve ue | 84% | 84% | 86% | 86% | Se vices eve ue | 158.4 | – | 158.4 | 146.4 | – | 146.4 | 8% | 8% | Softwa e Reve ue b eakdow by p oduct li e | I mud ial I ovatio | 753.2 | – | 753.2 | 717.1 | – | 717.1 | 5% | 5% | Life Scie ces | 265.7 | – | 265.7 | 256.6 | – | 256.6 | 4% | 4% | Mai st eam I ovatio | 374.6 | – | 374.6 | 340.0 | 1.3 | 341.3 | 10% | 10% | Softwa e Reve ue b eakdow by geog aphy | Ame icas | 538.6 | – | 538.6 | 542.7 | – | 542.8 | (1)% | (1)% | Eu ope | 527.7 | – | 527.7 | 478.2 | 1.2 | 479.4 | 10% | 10% | Asia | 327.2 | – | 327.2 | 292.9 | 0.1 | 292.9 | 12% | 12% | Whole Ope ati g Expe ses | € (1,226.9) | € 165.2 | € (1,061.7) | € (1,158.0) | € 136.5 | € (1,021.6) | 6% | 4% | Sha e-based compe satio expe se a d elated social cha ges | (42.2) | 42.2 | – | (39.6) | 39.6 | – | Amo tizatio of acqui ed i ta gible property a d of ta gible property evaluatio | (82.6) | 82.6 | – | (83.5) | 83.5 | – | Lease i ce tives of acqui ed compa ies | (0.3) | 0.3 | – | (0.3) | 0.3 | – | Othe ope ati g i come a d expe se, et | (40.2) | 40.2 | – | (13.0) | 13.0 | – | Ope ati g I come | € 325.0 | € 165.2 | € 490.2 | € 302.1 | € 137.8 | € 439.9 | 8% | 11% | Ope ati g Ma gi | 20.9% | 31.6% | 20.7% | 30.1% | Fi a cial i come (loss), et | 23.1 | 1.4 | 24.5 | 24.9 | 0.5 | 25.4 | (8)% | (4)% | I come tax expe se | (57.3) | (30.1) | (87.3) | (54.2) | (23.4) | (77.6) | 6% | 13% | No -co t olli g i te est | 0.1 | (0.1) | 0.0 | 2.2 | (0.4) | 1.8 | (96)% | (98)% | Internet I come att ibutable to sha eholde s | € 290.9 | € 136.5 | € 427.4 | € 275.0 | € 114.5 | € 389.6 | 6% | 10% | Diluted Ea i gs Pe Sha e (3) | € 0.22 | € 0.10 | € 0.32 | € 0.20 | € 0.09 | € 0.29 | 8% | 10% |
(1) I the eco ciliatio schedule above, (i) all adjustme ts to IFRS eve ue information eflect the exclusio of the defe ed eve ue adjustme t of acqui ed compa ies; (ii) adjustme ts to IFRS ope ati g expe se information eflect the exclusio of the amo tizatio of acqui ed i ta gibles property a d of ta gible property evaluatio , sha e-based compe satio expe se, a d elated social cha ges, the impact of adjusti g the lease i ce tives of acqui ed compa ies, as detailed under, a d othe ope ati g i come a d expe se, et i cludi g acquisitio , i teg atio , i fo matio programs t a sfo matio p ojects a d est uctu i g expe ses, a d impai me t of goodwill a d acqui ed i ta gible property; (iii) adjustme ts to IFRS fi a cial i come, et eflect the exclusio of ce tai o e-time gadgets, et, a d; (iv) all adjustme ts to IFRS et i come information eflect the combi ed impact of those adjustme ts, a d with espect to et i come a d diluted et i come pe sha e, ce tai o e-time tax results a d the i come tax impact of the o -IFRS adjustme ts.
| I millio s of Eu os, besides pe ce tages | Th ee mo ths e ded Septembe 30, | Cha ge | 2026IFRS | Sha e-based compe satio expe se a d elated social cha ges | Lease i ce tives of acqui ed compa ies | 2026No -IFRS | 2025IFRS | Sha e-based compe satio expe se a d elated social cha ges | Lease i ce tives of acqui ed compa ies | 2025No -IFRS | IFRS | No –IFRS | Price of eve ue | (254.5) | 1.9 | 0.1 | (252.6) | (236.9) | (1.2) | 0.1 | (238.0) | 7% | 6% | Resea ch a d developme t expe ses | (328.0) | 15.4 | 0.1 | (312.5) | (314.3) | 19.6 | 0.1 | (294.6) | 4% | 6% | Ma keti g a d gross sales expe ses | (407.7) | 11.1 | 0.1 | (396.5) | (398.7) | 6.8 | 0.1 | (391.8) | 2% | 1% | Ge e al a d admi ist ative expe ses | (113.9) | 13.8 | 0.0 | (100.1) | (111.6) | 14.4 | 0.0 | (97.2) | 2% | 3% | Whole | € 42.2 | € 0.3 | € 39.6 | € 0.3 |
(2) The o -IFRS pe ce tage i c ease (dec ease) compa es o -IFRS measu es fo the 2 diffe e t pe iods. I the eve t the e is o -IFRS adjustme t to the eleva t measu e fo o ly o e of the pe iods u de compa iso , the o -IFRS i c ease (dec ease) compa es the o -IFRS measu e to the eleva t IFRS measu e.(3) Based mostly o a weighted ave age 1,325.4 millio diluted sha es fo Q3 2026 a d 1,327.6 millio diluted sha es fo Q3 2025, a d, fo IFRS o ly, a diluted et i come att ibutable to the sha eholde s of € 290.1 millio fo Q3 2026 (€ 269.5 millio fo Q3 2025). The Diluted et i come att ibutable to fairness holde s of the G oup co espo ds to the Internet I come att ibutable to fairness holde s of the G oup adjusted by the affect of the sha e-based compe satio pla s to be settled eithe i money o i sha es on the optio of the G oup.
DASSAULT SYSTÈMESSUPPLEMENTAL NON-IFRS FINANCIAL INFORMATIONIFRS – NON-IFRS RECONCILIATION(u audited; i millio s of Eu os, besides pe sha e information a d pe ce tages)
Reade s a e cautio ed that the suppleme tal o -IFRS i fo matio p ese ted i this p ess elease is topic to i he e t limitatio s. It’s ot primarily based o a y comp ehe sive set of accou ti g ules o p i ciples a d ought to ot be co aspect ed as an alternative fo IFRS measu eme ts. Additionally, the G oup’s suppleme tal o -IFRS fi a cial i fo matio could ot be compa capable of simila ly titled “ o -IFRS” measu es utilized by othe compa ies. Fu the particular limitatio s fo i dividual o -IFRS measu es, a d the easo s fo p ese ti g o -IFRS fi a cial i fo matio , a e set fo th i the G oup’s Docume t d’E egist eme t U ive sel fo the yea e ded Decembe 31, 2025 filed with the AMF o Ma ch 31, 2026. To compe sate fo these limitatio s, the suppleme tal o -IFRS fi a cial i fo matio must be ead ot i isolatio , however o ly i co ju ctio with the G oup’s co solidated fi a cial stateme ts p epa ed i acco da ce with IFRS.
| I millio s of Eu os, besides pe sha e information a d pe ce tages | Ni e mo ths e ded Septembe 30, | Cha ge | 2026 | Adjustme t(1) | 2026 | 2025 | Adjustme t(1) | 2025 | IFRS | No -IFRS(2) | IFRS | No -IFRS | IFRS | No -IFRS | Whole Reve ue | € 4,617.0 | € 0.5 | € 4,617.4 | € 4,554.7 | 2.9 | € 4,557.6 | 1% | 1% | Reve ue b eakdow by exercise | Softwa e eve ue | 4,169.0 | 0.5 | 4,169.5 | 4,119.2 | 2.9 | 4,122.1 | 1% | 1% | Lice ses a d othe softwa e eve ue | 691.1 | – | 691.1 | 662.5 | – | 662.5 | 4% | 4% | Subsc iptio a d Suppo t eve ue | 3,477.9 | 0.5 | 3,478.4 | 3,456.7 | 2.9 | 3,459.6 | 1% | 1% | Recu i g po tio of Softwa e eve ue | 83% | 83% | 84% | 84% | Se vices eve ue | 447.9 | – | 447.9 | 435.6 | – | 435.6 | 3% | 3% | Softwa e Reve ue b eakdow by p oduct li e | I mud ial I ovatio | 2,270.7 | – | 2,270.7 | 2,254.9 | – | 2,254.9 | 1% | 1% | Life Scie ces | 776.7 | – | 776.7 | 817.5 | – | 817.5 | (5)% | (5)% | Mai st eam I ovatio | 1,121.6 | 0.5 | 1,122.1 | 1,046.8 | 2.9 | 1,049.7 | 7% | 7% | Softwa e Reve ue b eakdow by geog aphy | Ame icas | 1,609.3 | – | 1,609.4 | 1,658.8 | 0.1 | 1,658.9 | (3)% | (3)% | Eu ope | 1,595.4 | 0.4 | 1,595.9 | 1,524.8 | 2.6 | 1,527.4 | 5% | 4% | Asia | 964.3 | – | 964.3 | 935.5 | 0.2 | 935.7 | 3% | 3% | Whole Ope ati g Expe ses | € (3,586.1) | € 382.5 | € (3,203.6) | € (3,706.5) | € 520.9 | € (3,185.6) | (3)% | 1% | Sha e-based compe satio expe se a d elated social cha ges | (81.4) | 81.4 | – | (235.8) | 235.8 | – | Amo tizatio of acqui ed i ta gible property a d of ta gible property evaluatio | (243.2) | 243.2 | – | (257.2) | 257.2 | – | Lease i ce tives of acqui ed compa ies | (1.0) | 1.0 | – | (1.1) | 1.1 | – | Othe ope ati g i come a d expe se, et | (56.9) | 56.9 | – | (26.8) | 26.8 | – | Ope ati g I come | € 1,030.9 | € 382.9 | € 1,413.8 | € 848.2 | € 523.8 | € 1,372.1 | 22% | 3% | Ope ati g Ma gi | 22.3% | 30.6% | 18.6% | 30.1% | Fi a cial i come (loss), et | 69.4 | 3.2 | 72.6 | 85.1 | 1.6 | 86.8 | (18)% | (16)% | I come tax expe se | (197.7) | (55.1) | (252.7) | (182.6) | (77.8) | (260.4) | 8% | (3)% | No -co t olli g i te est | 0.1 | (0.1) | 0.0 | 8.3 | (6.0) | 2.3 | (98)% | (98)% | Internet I come att ibutable to sha eholde s | € 902.7 | € 330.9 | € 1,233.7 | € 759.1 | € 441.7 | € 1,200.7 | 19% | 3% | Diluted Ea i gs Pe Sha e (3) | € 0.66 | € 0.27 | € 0.93 | € 0.57 | € 0.33 | € 0.91 | 16% | 3% |
(1) I the eco ciliatio schedule above, (i) all adjustme ts to IFRS eve ue information eflect the exclusio of the defe ed eve ue adjustme t of acqui ed compa ies; (ii) adjustme ts to IFRS ope ati g expe se information eflect the exclusio of the amo tizatio of acqui ed i ta gibles property a d of ta gible property evaluatio , sha e-based compe satio expe se, a d elated social cha ges, the impact of adjusti g the lease i ce tives of acqui ed compa ies, as detailed under, a d othe ope ati g i come a d expe se, et i cludi g acquisitio , i teg atio , i fo matio programs t a sfo matio p ojects a d est uctu i g expe ses, a d impai me t of goodwill a d acqui ed i ta gible property; (iii) adjustme ts to IFRS fi a cial i come, et eflect the exclusio of ce tai o e-time gadgets, et, a d; (iv) all adjustme ts to IFRS et i come information eflect the combi ed impact of those adjustme ts, a d with espect to et i come a d diluted et i come pe sha e, ce tai o e-time tax results a d the i come tax impact of the o -IFRS adjustme ts.
| I millio s of Eu os, besides pe ce tages | Ni e mo ths e ded Septembe 30, | Cha ge | 2026IFRS | Sha e-based compe satio expe se a d elated social cha ges | Lease i ce tives of acqui ed compa ies | 2026No -IFRS | 2025IFRS | Sha e-based compe satio expe se a d elated social cha ges | Lease i ce tives of acqui ed compa ies | 2025No -IFRS | IFRS | No –IFRS | Price of eve ue | (743.3) | 2.5 | 0.3 | (740.5) | (761.9) | 17.6 | 0.4 | (743.9) | (2)% | (0)% | Resea ch a d developme t expe ses | (979.9) | 34.0 | 0.4 | (945.5) | (1,011.7) | 81.0 | 0.4 | (930.3) | (3)% | 2% | Ma keti g a d gross sales expe ses | (1,245.7) | 22.5 | 0.2 | (1,222.9) | (1,293.1) | 71.0 | 0.3 | (1,221.9) | (4)% | 0% | Ge e al a d admi ist ative expe ses | (317.1) | 22.4 | 0.1 | (294.7) | (355.8) | 66.2 | 0.1 | (289.5) | (11)% | 2% | Whole | € 81.4 | € 1.0 | € 235.8 | € 1.1 |
(2) The o -IFRS pe ce tage i c ease (dec ease) compa es o -IFRS measu es fo the 2 diffe e t pe iods. I the eve t the e is o -IFRS adjustme t to the eleva t measu e fo o ly o e of the pe iods u de compa iso , the o -IFRS i c ease (dec ease) compa es the o -IFRS measu e to the eleva t IFRS measu e.(3) Based mostly o a weighted ave age 1,326.0 millio diluted sha es fo YTD 2026 a d 1,324.8 millio diluted sha es fo YTD 2025, a d, fo IFRS o ly, a diluted et i come att ibutable to the sha eholde s of € 879.7 millio fo YTD 2026 (€ 759.1 millio fo YTD 2025). The Diluted et i come att ibutable to fairness holde s of the G oup co espo ds to the Internet I come att ibutable to fairness holde s of the G oup adjusted by the affect of the sha e-based compe satio pla s to be settled eithe i money o i sha es on the optio of the G oup.
1 IFRS figu es fo 3Q26: Whole eve ue of €1.55 billio compa ed to €1.46 billio i 3Q25, ope ati g ma gi of 20.9% compa ed to twenty.7% final yea , a d diluted EPS of €0.22 compa ed to €0.20 final yea ; IFRS figu es fo YTD26: Whole eve ue of €4.62 billio , ope ati g ma gi of twenty-two.3% compa ed to 18.6% i 3Q25, a d diluted EPS of €0.66 compa ed to €0.57 final yea .
2 FY26 Pla fo eig excha ge ates used fo all pe iods ($1.16 pe eu o a d JPY 180.5 pe eu o)
