Dassault Systèmes: Q4 Revenue Growth of 1% with Solid Operating Margin and EPS Expansion; Initiating 2026 Revenue Guidance of 3-5% Growth

VELIZY-VILLACOUBLAY, France — February 11, 2026 — Dassault Systèmes  (Euronext Paris: FR0014003TT8, DSY.PA) today reports its IFRS unaudited estimated financial results for the fourth quarter 2025 and full-year ended December 31, 2025. The Group’s Board of Directors approved these estimated results on February 10, 2026. This press release also includes financial information on a non-IFRS basis and reconciliations with IFRS figures in the Appendix.    

Summary Highlights¹   
(unaudited, IFRS & non-IFRS unless otherwise noted, all growth rates in constant currencies)

• 4Q25 total revenue up 1% against a high comparison base, at the low end of objectives
• FY25 total revenue up 4%, with recurring revenue up 6%, driven by subscription revenue growth of 11%
• FY25 3DEXPERIENCE and Cloud revenue up 10% and 8% respectively, driven by strategic contract gains
• 4Q25 & FY25 non-IFRS operating margin of 37.0% and 32.0% respectively, increasing 90 bps and 40 bps respectively in constant currencies, with non-IFRS diluted EPS up 9% in 4Q25 and up 7% in FY25
• Aligning the organization to focus on strategic priorities and execution
• Initiating FY26 non-IFRS outlook: total revenue growth of 3% to 5%, operating margin between 32.2% and 32.6%, and diluted EPS of €1.30 - €1.34
• As customers accelerate their adoption to subscription and Cloud, we are introducing Annual Run Rate reporting in 2026 - providing clear visibility into the health and momentum of our recurring revenue base
• AI-powered Virtual Twins showing early traction and demonstrating strong customer value; building a strategic partnership with NVIDIA to establish new Industry World Models at scale  

¹IFRS figures for 4Q25: Total revenue of €1.68 billion, Operating margin of 30.1% and diluted EPS of €0.33 compared to €0.30 in 4Q24; IFRS figures for YTD25: Total revenue of €6.24 billion, Cloud revenue up 7%, Operating margin of 21.7% compared to 21.9% in FY24, and diluted EPS of €0.90 compared to €0.90 in FY24;