DASTY (Dassault Systemes SE) Operating Income: $1,641 Mil (TTM As of Mar. 2026)

What is Dassault Systemes SE Operating Income?

Dassault Systemes SE DASTY +1.81% 80 Operating Income is $1,641 Mil as of Mar. 2026. GuruFocus rates DASTY with a GF Score™ of 80/100 and a GF Value™ of $40.41 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Dassault Systemes SE's Operating Income for the three months ended in Mar. 2026 was $402 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $1,641 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Dassault Systemes SE's Operating Income for the three months ended in Mar. 2026 was $402 Mil. Dassault Systemes SE's Revenue for the three months ended in Mar. 2026 was $1,745 Mil. Therefore, Dassault Systemes SE's Operating Margin % for the quarter that ended in Mar. 2026 was 23.03%.

Good Sign:

Dassault Systemes SE operating margin is expanding. Margin expansion is usually a good sign.

Dassault Systemes SE's 5-Year average Growth Rate for Operating Margin % was 5.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dassault Systemes SE's annualized ROC % for the quarter that ended in Mar. 2026 was 8.97%. Dassault Systemes SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 145.44%.

Dassault Systemes SE (OTCPK:DASTY) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Dassault Systemes SE's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	1607.4 * ( 1 - 20.9% )	/	( (14123.888	+	14225.202)	/ 2 )
=	1271.4534	/	14174.545
=	8.97 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	17633.958	-	516.862	-	( 4830.679	-	max(0, 4952.342	-	7945.55	+	4830.679	))
=	14123.888

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	17880.925	-	266.243	-	( 5635.723	-	max(0, 4832.717	-	8222.197	+	5635.723	))
=	14225.202

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Dassault Systemes SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1607.4	/	( ( (1106.323 + max(-89.111, 0))	+	(1104.046 + max(-755.608, 0)) )	/	2 )
=	1607.4	/	( ( 1106.323	+	1104.046 )	/	2 )
=	1607.4	/	1105.1845
=	145.44 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2539.11	+	0	+	532.084)	-	(516.862	+	0	+	2643.443)
=	-89.111

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2002.89	+	0	+	532.832)	-	(266.243	+	0	+	3025.087)
=	-755.608

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Dassault Systemes SE's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	401.85	/	1744.74
	=	23.03 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Dassault Systemes SE Operating Income Related Terms

Dassault Systemes SE Operating Income Historical Data

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The historical data trend for Dassault Systemes SE's Operating Income can be seen below:

Dassault Systemes SE Operating Income Chart

Dassault Systemes SE Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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1,179.55

1,392.37

1,407.09

1,440.73

1,633.02

Dassault Systemes SE Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Operating Income	Get a 7-Day Free Trial															329.08	291.70	354.46	592.51	401.85

80GF Score

Dassault Systemes SE DASTY

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Dassault Systemes SE Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,641 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $1,641 Mil mean?

Dassault Systemes SE (DASTY) has a Operating Income of $1,641 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Dassault Systemes SE and its competitors.

Is Dassault Systemes SE's Operating Income too high?

Dassault Systemes SE's current Operating Income is $1,641 Mil. Overall, Dassault Systemes SE has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Dassault Systemes SE's Operating Income compare to UBER and SHOP?

Dassault Systemes SE's Operating Income of $1,641 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for a Software company?

A good Operating Income depends on the Software industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Dassault Systemes SE and its competitors. Dassault Systemes SE's current Operating Income is $1,641 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Dassault Systemes SE stock overvalued right now?

Based on GuruFocus' analysis, Dassault Systemes SE (DASTY) is currently considered Significantly Undervalued. The stock's GF Value™ is $40.41, compared to a current price of $20.30 — trading 49.8% below its estimated fair value. The current Operating Income is $1,641 Mil. Dassault Systemes SE's overall GF Score™ is 80/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For Dassault Systemes SE (DASTY), the current Operating Income is $1,641 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dassault Systemes SE (DASTY) Overvalued in 2026?

Based on GuruFocus' analysis, Dassault Systemes SE stock appears to be undervalued. The current stock price of $20.30 is trading 49.8% below its estimated GF Value™ of $40.41. GuruFocus considers Dassault Systemes SE to be Significantly Undervalued.

Key valuation signals for DASTY:

Operating Income: $1,641 Mil
GF Value™: $40.41 vs. price of $20.30 (49.8% below fair value)
GF Score™: 80/100 with 1 warning sign

No single metric tells the full story. See the DASTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Dassault Systemes SE Business Description

Industry Technology Software

Comparable Companies XPAR:VU XPAR:PLNW XPAR:74SW XPAR:LSS XPAR:QDT XPAR:SWP XPAR:ALBFR XPAR:ALSTW XPAR:LIN XPAR:ALCPB XTER:SAP UBER SHOP CRM CDNS NOW ADP SNOW DDOG ADBE

Other Exchanges DASTF:USA DSYp:UK 0HB4:UK DSY:France DSYA:Germany DSY2:Austria

Address 10, Rue Marcel Dassault, Velizy-Villacoublay, FRA, 78140

Website https://www.3ds.com

Dassault Systèmes is a leading provider of computer-assisted design and product lifecycle management software, serving customers like Boeing and Volkswagen throughout the production process. The company's flagship product, Catia, primarily serves the transportation, industrial equipment, and aerospace and defense industries. In life sciences, Dassault's Medidata cloud platform optimizes clinical trial efficiency and is the leader in electronic data capture.

80GF Score

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$20.30

Price

$40.41

GF Value

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