Dassault Systèmes presented its estimated, unaudited financial results under IFRS for the fourth quarter of 2025 and for the full fiscal year ended 31 December 2025. The Board of Directors approved these figures on 10 February 2026. The company also published non-IFRS financial information together with reconciliations to the figures reported under IFRS, included in the appendix to the release. For the industrial and packaging sectors, which make extensive use of design, simulation and virtual prototyping solutions, the results and announced strategic direction of Dassault Systèmes are an important reference point for assessing investments in engineering software and tools for the digital transformation of manufacturing processes.
Revenue growth on a high comparison base
In the fourth quarter of 2025, Dassault Systèmes' total revenue increased by 1 percent at constant exchange rates, which corresponds to the lower end of the company's guidance. Management notes that this result was achieved against a high comparison base from 2024. For the full year 2025, total revenue grew by 4 percent at constant currencies. Recurring revenue remains a key component of the sales structure and increased by 6 percent in 2025, driven by an 11 percent rise in subscription revenue.
The 3DExperience segment and cloud solutions also recorded significant growth rates. In 2025, 3DExperience revenue rose by 10 percent, while cloud-related revenue increased by 8 percent, with the company attributing these outcomes mainly to the acquisition of strategically important contracts. From the perspective of users in plastics processing and packaging, this means continued development of a platform that integrates product, tooling and production line design with simulation and product lifecycle management processes.
Operating margin and EPS on the rise
In the fourth quarter of 2025, the non-IFRS operating margin reached 37.0 percent, and 32.0 percent for the full year 2025. At constant exchange rates, this represents an increase of 90 basis points for the quarter and 40 basis points year-on-year. Diluted earnings per share (EPS) on a non-IFRS basis rose by 9 percent in the fourth quarter of 2025 and by 7 percent for full-year 2025.
The company also highlights actions aimed at aligning its organizational structure with strategic priorities and improving execution. In practice, this is intended to concentrate resources on areas that are critical for long-term growth, including the development of the 3DExperience platform, cloud services, and solutions based on artificial intelligence and virtual twins.
Financial guidance for 2026 and new reporting metrics
Dassault Systèmes provided initial non-IFRS guidance for 2026. The company expects total revenue to grow in the range of 3 to 5 percent at constant exchange rates. The non-IFRS operating margin is projected to be between 32.2 and 32.6 percent. The forecast range for non-IFRS diluted earnings per share is 1.30 to 1.34 euros.
As customers increasingly migrate to subscription and cloud models, Dassault Systèmes will introduce Annual Run Rate reporting in 2026. According to the company, this is intended to provide greater transparency in assessing the health and momentum of its recurring revenue base. For industrial companies planning multi-year engineering software deployments, such metrics are an important element in evaluating the stability of a technology supplier.
Strategy in artificial intelligence and virtual twins
In his comments on the results, Pascal Daloz, chief executive officer of Dassault Systèmes, outlined the company's long-term vision for the development of industrial artificial intelligence and virtual twin solutions. According to him, the company's objective is to lead the Industrial AI transformation based on the 3D UNIV+RSES concept.
"At Dassault Systèmes, our ambition is clear, we will lead the Industrial AI transformation through 3D UNIV+RSES. This is not a short-term goal. It is a long-term commitment to redefine how industries innovate, operate, and compete. Our vision is built on decades of industrial and scientific knowledge and know-how, and we are now building the capabilities to turn that vision into reality. True transformation takes time, for our customers and for ourselves," said Pascal Daloz.
He then stressed the importance of strong foundations for the development of AI-based solutions. "Leadership in Industrial AI starts with strong foundations. That is why, in 2025 and 2026, we are focused on disciplined execution, aligning resources around our strategic priorities to deliver measurable, industry-defining impact."
According to the chief executive, the company is maintaining its competitive position by winning new contracts and displacing rivals. "In Life Sciences, the opportunity is transformative, moving from document-based processes to the Virtual Twin of Pharma, a game-changing approach unlocking unprecedented efficiency, quality, and compliance," noted Pascal Daloz.
Over the past year, Dassault Systèmes has introduced three categories of AI-native generative solutions, virtual companions, generative experiences, and virtual twins as a service. For 2026, the company plans to move from the phase of building the 3D UNIV+RSES concept to a monetization phase, with a clear focus on areas with high long-term business impact potential.
"In 2026, we shift to turning 3D UNIV+RSES into tangible value, targeting high-impact opportunities with long-term monetization. Our partnership with Nvidia exemplifies our leadership, combining virtual twins with accelerated computing to define the future of Industry World Models. We will share more at our Capital Markets Day in November, outlining how Dassault Systèmes is leading the next Industrial Revolution for long-term success," concluded Pascal Daloz.
Pascal Daloz, chief executive officer of Dassault Systèmes
