Open Text (OTEX) financial statements
Open Text reported revenue of $5.2B in fiscal 2026, up 9.6% a year over 9 years.
Net income was $643M and the operating margin 20.6%, against 15.5% in 2017.
Free cash flow was $808M, and the company returned $268M in dividends and $416M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Open Text's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B | $2.8B | $2.9B | $3.1B | $3.4B | $3.5B | $4.5B | $5.8B | $5.2B | $5.2B |
| Cost of revenue | $762M | $951M | $931M | $1.0B | $1.0B | $1.1B | $1.3B | $1.6B | $1.4B | $1.4B |
| Gross profit | $1.5B | $1.9B | $1.9B | $2.1B | $2.4B | $2.4B | $3.2B | $4.2B | $3.7B | $3.9B |
| Research and development | $281M | $323M | $322M | $370M | $421M | $440M | $659M | $864M | $756M | $648M |
| Selling, general and admin | $615M | $734M | $726M | $823M | $886M | $994M | $1.4B | $1.7B | $1.5B | $1.6B |
| Operating income | $355M | $507M | $567M | $504M | $741M | $645M | $516M | $887M | $893M | $1.1B |
| Pre-tax income | $250M | $386M | $441M | $345M | $651M | $516M | $221M | $729M | $482M | $859M |
| Income tax | -$776M | $144M | $155M | $111M | $340M | $119M | $71M | $264M | $46M | $216M |
| Net income | $1.0B | $242M | $286M | $234M | $311M | $397M | $150M | $465M | $436M | $643M |
| EPS (diluted) | $4.01 | $0.91 | $1.06 | $0.86 | $1.14 | $1.46 | $0.56 | $1.71 | $1.65 | $2.58 |
| Diluted shares | 256M | 267M | 270M | 272M | 273M | 272M | 270M | 273M | 264M | 249M |
| Gross margin | 66.8% | 66.2% | 67.6% | 67.7% | 69.4% | 69.6% | 70.6% | 72.6% | 72.3% | 73.7% |
| Operating margin | 15.5% | 18.0% | 19.8% | 16.2% | 21.9% | 18.5% | 11.5% | 15.4% | 17.3% | 20.6% |
| Net margin | 44.8% | 8.6% | 10.0% | 7.5% | 9.2% | 11.4% | 3.4% | 8.1% | 8.4% | 12.3% |
Balance sheet
Fiscal years, from Open Text's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $443M | $683M | $941M | $1.7B | $1.6B | $1.7B | $1.2B | $1.3B | $1.2B | $956M |
| Receivables | $446M | $488M | $464M | $466M | $439M | $427M | $683M | $626M | $660M | $751M |
| Total current assets | $1.0B | $1.3B | $1.6B | $2.4B | $2.2B | $2.3B | $2.3B | $2.3B | $2.2B | $2.1B |
| Property, plant and equipment | $227M | $264M | $249M | $245M | $234M | $245M | $357M | $368M | $375M | $522M |
| Goodwill | $3.4B | $3.6B | $3.8B | $4.7B | $4.7B | $5.2B | $8.7B | $7.5B | $7.5B | $7.3B |
| Total assets | $7.5B | $7.8B | $7.9B | $10.2B | $9.6B | $10.2B | $17.1B | $14.2B | $13.8B | $13.1B |
| Total current liabilities | $1.1B | $995M | $1.0B | $1.9B | $1.4B | $1.5B | $3.2B | $2.8B | $2.7B | $2.6B |
| Long-term debt | $3.4B | $3.5B | $2.6B | $3.6B | $3.6B | $4.2B | $8.6B | $6.4B | $6.3B | $5.7B |
| Total liabilities | $3.9B | $4.0B | $4.0B | $6.2B | $5.5B | $6.1B | $13.1B | $10.0B | $9.8B | $9.1B |
| Shareholders' equity | $3.5B | $3.7B | $3.9B | $4.0B | $4.1B | $4.0B | $4.0B | $4.2B | $3.9B | $4.0B |
| Net debt | $3.1B | $2.9B | $1.7B | $2.5B | $2.0B | $2.5B | $7.7B | $5.1B | $5.2B | $4.8B |
Cash flow
Fiscal years, from Open Text's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $440M | $708M | $876M | $955M | $876M | $982M | $779M | $968M | $831M | $1.0B |
| Capital spending | $80M | $105M | $64M | $73M | $64M | $93M | $124M | $159M | $143M | $199M |
| Free cash flow | $361M | $603M | $812M | $882M | $812M | $889M | $655M | $808M | $687M | $808M |
| Stock-based compensation | $31M | $28M | $27M | $30M | $52M | $70M | $130M | $140M | $105M | $81M |
| Dividends paid | $121M | $146M | $169M | $189M | $211M | $238M | $260M | $267M | $272M | $268M |
| Share buybacks (net) | -$8M | $0 | -$26M | $0 | -$119M | -$177M | $0 | -$150M | -$413M | -$416M |
| Net borrowing | $424M | $50M | -$10M | $1.4B | -$610M | $640M | $4.7B | -$2.6B | -$36M | -$649M |
| Free cash flow margin | 15.7% | 21.4% | 28.3% | 28.4% | 24.0% | 25.4% | 14.6% | 14.0% | 13.3% | 15.4% |
| Dividends per share | $0.47 | $0.54 | $0.63 | $0.69 | $0.77 | $0.87 | $0.96 | $0.98 | $1.03 | $1.08 |
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Open OTEX in InvestinglyQuestions
What was Open Text's revenue in 2026?
$5.2B in fiscal 2026, from its 10-K filing.
How much free cash flow does Open Text generate?
$808M in fiscal 2026 (operating cash flow minus capital spending).
From Open Text's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.