Open Text (OTEX) Gross Margin (2009 - 2026)
Open Text (OTEX) posted Gross Margin of 74.98% for Q2 2026, up 2.59% on a QoQ basis from 73.08% in Q1 2026, and up 266.0% year-over-year from 20.49% in Q2 2025.
Analysis
Open Text (OTEX) Gross Margin (2009 - 2026) Analysis & Trends
Open Text has reported Gross Margin for 18 years, with the latest figure at 74.98% in Q2 2026.
- On a quarterly basis, Gross Margin rose 266.0% year-over-year to 74.98% in Q2 2026; TTM through Jun 2026 was 73.74%, a 148.0% increase from a year earlier, with the FY2026 full-year figure at 73.74%, up 148.0% from the prior year.
- Gross Margin was 74.98% for Q2 2026 at Open Text, up from 73.08% in the prior quarter.
- The five-year high for Gross Margin was 108.96% in Q2 2023, with the low at 68.92% in Q1 2022.
- Average Gross Margin over 5 years is 74.07%, with a median of 72.41% recorded in 2025.
- The sharpest annual moves came in 2023 and 2024: Gross Margin jumped 3873 bps in 2023, then plunged 3645 bps in 2024.
- Over 5 years, Gross Margin stood at 70.84% in 2022, then advanced by 4 bps to 73.56% in 2023, then retreated by 0 bps to 73.28% in 2024, then increased by 1 bps to 74.03% in 2025, then advanced by 1 bps to 74.98% in 2026.
- The last three Gross Margin figures came in at 74.98% (Q2 2026), 73.08% (Q1 2026), and 74.03% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atlassian | 49.32 Bn | 48.08 Bn | 1.53 Bn | 86.50% |
| 2 | Dropbox | 7.65 Bn | 6.54 Bn | 506.50 Mn | 80.21% |
| 3 | Open Text | 5.80 Bn | 4.84 Bn | 1.01 Bn | 74.98% |
| 4 | Box | 4.83 Bn | 4.38 Bn | 253.97 Mn | 79.08% |
| 5 | Asana | 2.03 Bn | 1.81 Bn | 186.10 Mn | 85.99% |
| 6 | Cheetah Mobile | 99.06 Mn | -64.30 Mn | 24.15 Mn | 64.31% |
| 7 | Upland Software | 10.97 Mn | -20.70 Mn | 37.47 Mn | 76.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 74.98% |
| Mar 31, 2026 | 73.08% |
| Dec 31, 2025 | 74.03% |
| Sep 30, 2025 | 72.78% |
| Jun 30, 2025 | 72.31% |
| Mar 31, 2025 | 71.61% |
| Dec 31, 2024 | 73.28% |
| Sep 30, 2024 | 71.74% |
| Jun 30, 2024 | 72.51% |
| Mar 31, 2024 | 72.96% |
| Dec 31, 2023 | 73.56% |
| Sep 30, 2023 | 71.45% |
| Jun 30, 2023 | 108.96% |
| Mar 31, 2023 | 70.30% |
| Dec 31, 2022 | 70.84% |
| Sep 30, 2022 | 69.68% |
| Jun 30, 2022 | 70.23% |
| Mar 31, 2022 | 68.92% |
| Dec 31, 2021 | 70.21% |
| Sep 30, 2021 | 68.99% |