DSY.PA · PAR CAC 40

Dassault Systèmes SE

Technology · Application software

€25.42 +€0.16 (+0.63%) today

Closing price on Nov 11, 2026 · Source: Yahoo Finance

Consensus of 21 analysts

Hold

Median price target €24.25 −4.6%

Open: €25.22
Day range: 25.16 – €25.50
52-week range: 15.83 – €26.39
Volume: 208,042
Market cap: €33,408M
P/E (TTM): 25.7x
EPS (TTM): €0.99
EPS est. 2026: €1.35
P/E est. 2026: 18.8x
Dividend yield: n/a
Beta: 0.56
Payout: 27%

Analyst summary

Generated with AI · Nov 11, 2026, 15:34

Dassault Systèmes supplies design, simulation, collaboration and information software to customers across a broad range of industries. In Q3 2026, revenue grew 6.3% year on year and net income rose 5.8%, while the net margin edged down 0.1 pp to 18.7%. Free cash flow increased to €290M. At €25.42, the shares trade at 25.7x trailing earnings; the analyst consensus is Hold, with a median target below the current price.

1Q3 2026 revenue reached €1,552M, up 6.3% year on year.
2Net income rose 5.8% to €291M, while the net margin was 18.7%.
3The 25.7x trailing P/E compares with a 17.6x estimated 2027 P/E.

Dassault Systèmes financials

Q3 2026 results, quarter ended Sep 30, 2026

Metric	Q3 2026	1-year change
Total revenue	€1,552M	+6.3%
Net income	€291M	+5.8%
Earnings per share	€0.22	+5.2%
Net margin	18.7%	−0.1 pp
Free cash flow	€290M	+83.4%
Debt / equity	0.29	−8.3%

Revenue and net income (€M)

Total revenueNet income

Quarter	Total revenue	Net income
Q3 2025	€1,460M	€275M
Q4 2025	€1,681M	€437M
Q1 2026	€1,509M	€293M
Q2 2026	€1,556M	€319M
Q3 2026	€1,552M	€291M

Q3 2026 revenue was €1,552M, up 6.3% year on year; net income increased 5.8% to €291M. The net margin was 18.7%, down 0.1 pp, suggesting broadly stable profitability despite slightly lower margin. Revenue has remained within a relatively narrow range over the last three reported quarters, from €1,509M in Q1 2026 to €1,556M in Q2 and €1,552M in Q3. Free cash flow rose 83.4% year on year to €290M. Debt/equity was 0.29, down 8.3%.

Annual EPS was €0.900 in 2024 and €0.900 in 2025; consensus estimates €1.353 for 2026 and €1.446 for 2027. Quarterly EPS estimates were missed in Q4 2025 (−3.8%), then exceeded in Q1, Q2 and Q3 2026 (+1.6%, +3.6% and +3.3%). The current 25.7x P/E is above the estimated 18.8x for 2026 and 17.6x for 2027, reflecting a lower forward multiple on forecast earnings.

Written by AI · Nov 11, 2026, 15:34

Dassault Systèmes earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current quarterQ4 2026 · Analysts: 8	€0.4340.43 – 0.45	+8.5%€0.400
Next quarterQ1 2027 · Analysts: 2	€0.3500.33 – 0.37	+16.7%€0.300
Current year2026 · Analysts: 20	€1.3531.28 – 1.39	+3.3%€1.310
Next year2027 · Analysts: 20	€1.4461.32 – 1.53	+6.9%€1.353

Forward P/E: 18.8x (2026) and 17.6x (2027) at the current price.

Actual and estimated EPS (€)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q3 2025	€0.209	—
Q4 2025	€0.400	€0.416
Q1 2026	€0.300	€0.295
Q2 2026	€0.310	€0.299
Q3 2026	€0.320	€0.310
Q4 2026	—	€0.434
Q1 2027	—	€0.350

Year	Actual EPS	Estimated EPS
2022	€0.700	—
2023	€0.790	—
2024	€0.900	—
2025	€0.900	—
2026	—	€1.353
2027	—	€1.446

EPS trend

Quarter	EPS	YoY change
Q1 2027Estimated	€0.350	+16.7%
Q4 2026Estimated	€0.434	+8.5%
Q3 2026	€0.320est. €0.310 · surprise +3.3%	+53.0%
Q2 2026	€0.310est. €0.299 · surprise +3.6%	n/a
Q1 2026	€0.300est. €0.295 · surprise +1.6%	n/a
Q4 2025	€0.400est. €0.416 · surprise −3.8%	n/a
Q3 2025	€0.209	n/a

Year	EPS	Annual change
2027Estimated	€1.446	+6.9%
2026Estimated	€1.353	+50.4%
2025	€0.900	0.0%
2024	€0.900	+13.9%
2023	€0.790	+12.9%
2022	€0.700	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Dassault Systèmes dividend

Yield and payments

Dividend yield (TTM)	n/a
Forward yield (next 12m)	1.1%
Dividend per share (TTM)	€0.00
Forward dividend (next 12m)	€0.27
Payout (TTM)	27%
Last dividend	€0.27May 27, 2026
Next ex-dividend date	n/a

Dividend per share by year (€)

PaidEstimated

Year	Dividend per share
2019	€0.13
2020	€0.14
2021	€0.112
2022	€0.17
2023	€0.21
2024	€0.23
2025	€0.26
est. 12m	€0.27

The reported trailing dividend per share is €0.00 and the trailing yield is n/a, although the latest recorded dividend was €0.27, with an ex-date of May 27, 2026. The estimated 12-month dividend is €0.27 per share, implying a forward yield of 1.1%; the stated payout ratio is 27%. No next ex-date is available.

The dividend record shows an overall increase from €0.13 in 2019 to €0.26 in 2025, with a dip to €0.112 in 2021 before subsequent increases. The estimated 12-month payment of €0.27 would extend that upward pattern modestly. The difference between the reported trailing dividend figure and the latest recorded payment should be noted when interpreting the stated yield data.

Written by AI · Nov 11, 2026, 15:34

Dassault Systèmes forecasts

21 analyst ratings

Buy29% Hold57% Sell14%

Consensus: Hold · 6 buy, 12 hold, 3 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	€33.35	+31.2%
Median	€24.25	−4.6%
Low	€17.00	−33.1%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	€24.11
Dec 31, 2025	€23.84
Jan 30, 2026	€23.22
Feb 27, 2026	€18.55
Mar 31, 2026	€17.27
Apr 30, 2026	€19.10
May 29, 2026	€18.81
Jun 30, 2026	€17.82
Jul 31, 2026	€20.05
Aug 31, 2026	€22.84
Sep 30, 2026	€20.49
Oct 30, 2026	€25.26
Nov 11, 2026	€25.42

Analyst sentiment is cautious but not overwhelmingly negative: of 21 analysts, 6 (29%) rate the shares Buy, 12 (57%) Hold and 3 (14%) Sell, producing a Hold consensus. The median price target is €24.25, implying −4.6% against the quoted share price.

Targets span a wide range, from €17.00 (−33.1%) to €33.35 (+31.2%), signalling differing views on the shares’ earnings prospects and valuation. Consensus EPS estimates are €1.353 for 2026 and €1.446 for 2027, with estimated P/Es of 18.8x and 17.6x, respectively. The target distribution and majority Hold stance point to limited consensus upside at the current price, despite forecast earnings growth.

Written by AI · Nov 11, 2026, 15:34

Dassault Systèmes peers

Ticker	Company	Market cap (€M)	P/E	Price (€)	1-day change	52-week range
DSY.PA	Dassault Systèmes	33,408	25.7x	25.42	+0.63%	15.8326.39
SAP.DE	SAP	241,113	30.5x	208.90	−0.50%	127.50220.40
CRM	Salesforce	175,694	19.5x	213.48 $	−0.68%	146.32269.11
UBER	Uber	143,035	41.2x	70.05 $	−1.57%	64.0495.18
ADP	Automatic Data Processing	120,575	27.1x	305.44 $	+1.12%	188.16310.98
NOW	ServiceNow	103,387	71.7x	99.61 $	−3.07%	81.24175.00

Stocks quoted in another currency are shown in their trading currency.

Dassault Systèmes’ €33,408M market capitalisation is below SAP’s €241,113M. Its 25.7x P/E is also below SAP’s 30.5x and Automatic Data Processing’s 27.1x, but above Salesforce’s 19.5x. The listed US peers’ market capitalisations are quoted in dollars, so they are not directly comparable with Dassault’s euro figure.

ServiceNow and Uber carry higher P/Es of 71.7x and 41.2x, respectively. These figures place Dassault below several listed software comparators on valuation, though differences in business mix limit the usefulness of a simple multiple ranking.

Written by AI · Nov 11, 2026, 15:34

Risks, catalysts and conclusion

Generated with AI · Nov 11, 2026, 15:34

Risks

Corporate customers across cyclical industries could defer or reduce spending on software licences and services.
Competition in design, simulation and collaboration software could constrain growth or require greater investment.
The 25.7x trailing P/E leaves the shares exposed if forecast earnings growth falls short.

Catalysts

Broader adoption of the 3DEXPERIENCE platform could support demand across the company’s customer industries.
Growth in simulation and 3D design applications could increase software uptake among industrial customers.
Delivery of consensus EPS estimates for 2026 and 2027 could help underpin the lower forward P/E.

Conclusion

Dassault Systèmes combines mid-single-digit Q3 revenue growth with higher net income and a substantial year-on-year increase in free cash flow. The modest margin decline and recent quarterly revenue stability temper the otherwise constructive operating picture. Forecast EPS growth lowers the forward valuation multiple, but the current P/E remains material and the median analyst target implies downside. The Hold consensus therefore reflects a balanced view of growth potential and valuation risk.

Analysis written automatically by AI from Yahoo Finance market data on Nov 11, 2026, 15:34.

This content is for information only and is not financial advice or a recommendation to buy or sell securities. Ratings and price targets come from third-party analysts. Investing in the stock market involves the risk of losing capital.

Dassault Systèmes SE

Analyst summary

Dassault Systèmes financials

Q3 2026 results, quarter ended Sep 30, 2026

Revenue and net income (€M)

Dassault Systèmes earnings per share (EPS)

Consensus estimates

Actual and estimated EPS (€)

EPS trend

Dassault Systèmes dividend

Yield and payments

Dividend per share by year (€)

Dassault Systèmes forecasts

21 analyst ratings

1-year price forecast

Dassault Systèmes peers

Risks, catalysts and conclusion

Risks

Catalysts

Conclusion

What the AI agents think about Dassault Systèmes

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