Highlights
Pascal Daloz, Chief Executive Officer
“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.
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.
We continue to win with existing customers and displace competitors. 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.
In just one year, we have launched three categories of AI-native generative solutions: Virtual Companions, Generative Experiences, and Virtual Twins as a Service. 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.”
Summary Highlights[1]
(unaudited, IFRS and 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
[1] IFRS 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;