OTEX Financials Open Text Corp

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:12 UTC Overview →

Growth & profitability

Revenue has grown 9.2% per year over the past 5 years.
Net income has grown faster than revenue (15.7% vs 9.2% per year).
Operating margin has contracted, at 20.6% in the latest year.
Free cash flow has declined 0.1% per year over the past 5 years.

Financial health

Total debt ($5.8B) exceeds cash ($956M); net debt is $4.8B.
Total debt has grown in line with revenue (10.0% vs 9.2% per year).
Total debt is 5.3× EBITDA.

Shareholder returns

Dividends have been paid for 14 consecutive years, consuming 41.7% of earnings and 33.2% of free cash flow.
The dividend has grown 5.0% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$5.2B	$643M	73.7%	20.6%	16.0%	4.9%	$808M	$5.8B	$956M
2025	$5.2B	$436M	72.3%	17.3%	11.1%	3.2%	$687M	$6.4B	$1.2B
2024	$5.8B	$465M	72.6%	15.4%	11.1%	3.3%	$808M	$6.4B	$1.3B
2023	$4.5B	$150M	70.6%	11.5%	3.7%	0.9%	$655M	$8.9B	$1.2B
2022	$3.5B	$397M	69.6%	18.5%	9.9%	3.9%	$889M	$4.2B	$1.7B
2021	$3.4B	$311M	69.4%	21.9%	7.6%	3.2%	$812M	$3.6B	$1.6B
2020	$3.1B	$234M	67.7%	16.2%	5.8%	2.3%	$882M	$4.2B	$1.7B
2019	$2.9B	$286M	67.6%	19.8%	7.4%	3.6%	$812M	$2.6B	$941M
2018	$2.8B	$242M	66.2%	18.0%	6.5%	3.1%	$603M	$2.6B	$683M
2017	$2.3B	$1.0B	66.8%	15.5%	29.0%	13.7%	$361M	$2.6B	$443M
2016	—	$284M	—	—	14.4%	5.5%	$456M	$2.1B	$1.3B
2015	—	$234M	—	—	12.8%	5.4%	$446M	$1.6B	$700M
2014	—	$218M	—	—	13.3%	5.6%	$375M	$1.3B	$428M
2013	—	$149M	—	—	11.1%	5.6%	$295M	$565M	$470M
2012	—	$125M	—	—	10.6%	5.1%	$241M	$596M	$560M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$1.3B	$156M	75.0%	23.7%	3.9%	1.2%	$122M	$5.8B	$956M
Mar '26	$1.3B	$173M	73.1%	15.7%	4.4%	1.3%	$305M	$6.2B	$1.3B
Dec '25	$1.3B	$168M	74.0%	22.0%	4.2%	1.2%	$279M	$6.4B	$1.3B
Sep '25	$1.3B	$147M	72.8%	21.0%	3.7%	1.1%	$101M	$6.4B	$1.1B
Jun '25	$1.3B	$29M	72.3%	13.9%	0.7%	0.2%	$124M	$6.4B	$1.2B
Mar '25	$1.3B	$93M	71.6%	16.7%	2.2%	0.7%	$374M	$6.4B	$1.3B
Dec '24	$1.3B	$230M	73.3%	22.2%	5.4%	1.7%	$307M	$6.4B	$1.1B
Sep '24	$1.3B	$84M	71.7%	16.3%	2.0%	0.6%	-$117M	$6.4B	$1.0B
Jun '24	$1.4B	$248M	72.5%	14.2%	5.9%	1.7%	$145M	$6.4B	$1.3B
Mar '24	$1.4B	$98M	73.0%	15.7%	2.4%	0.6%	$348M	$8.4B	$1.1B
Dec '23	$1.5B	$38M	73.6%	16.5%	0.9%	0.2%	$305M	$8.5B	$1.0B
Sep '23	$1.4B	$81M	71.4%	14.9%	2.0%	0.5%	$10M	$8.7B	$920M
Jun '23	$1.5B	-$49M	71.4%	8.1%	-1.2%	-0.3%	$91M	$8.9B	$1.2B
Mar '23	$1.2B	$58M	70.3%	5.1%	1.4%	0.3%	$306M	$9.1B	$1.4B
Dec '22	$897M	$258M	70.8%	20.6%	6.3%	2.3%	$163M	$5.2B	$2.8B
Sep '22	$852M	-$117M	69.7%	17.2%	-3.0%	-1.2%	$96M	$4.2B	$1.7B
Jun '22	$902M	$102M	70.2%	15.2%	2.5%	1.0%	$214M	$4.2B	$1.7B
Mar '22	$882M	$75M	68.9%	14.9%	1.8%	0.7%	$306M	$4.2B	$1.6B
Dec '21	$877M	$88M	70.2%	22.0%	2.1%	0.9%	$206M	$4.2B	$1.5B
Sep '21	$832M	$132M	69.0%	21.9%	3.1%	1.4%	$163M	$3.6B	$1.7B

Valuation over time

How the market has priced OTEX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 23.5× (Mar '23) to 9.7× (Nov '26).
The price-to-sales ratio has fallen from 2.7× (Mar '23) to 1.2× (Nov '26).
The dividend yield has risen from 2.5% (Mar '23) to 4.3% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is OTEX growing its revenue and profit?

Over the past 5 years, Open Text Corp's revenue has grown 9.2% per year, and net income grown 15.7% per year. These are computed facts, not advice.

How much debt does OTEX have?

As of FY2026, Open Text Corp reported $5.8B of total debt against $956M of cash.

What is OTEX's profit margin?

In FY2026, gross margin was 73.7%, operating margin 20.6%, and net margin 12.3%.

What is OTEX's P/E ratio?

Open Text Corp's P/E (TTM) is 9.70 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the OTEX stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 9.7× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.