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 42 d ago 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 9.4× (Sep '26).
The price-to-sales ratio has fallen from 2.7× (Mar '23) to 1.1× (Sep '26).
The dividend yield has risen from 2.5% (Mar '23) to 4.5% (Sep '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?

As of Sep '26, Open Text Corp traded at a price-to-earnings ratio of about 9.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.