Open Text (OTEX) Gross Margin (2009 - 2026)
Open Text's (OTEX) quarterly Gross Margin came in at 73.08% in Q1 2026, up 147.0% year-on-year from 29.59% in Q1 2025, and down 1.28% quarter-over-quarter from 74.03% in Q4 2025.
Open Text (OTEX) Gross Margin (2009 - 2026) Analysis & Trends
Open Text's Gross Margin history runs 18 years deep, the most recent figure standing at 73.08% for Q1 2026.
- On a quarterly basis, Gross Margin rose 147.0% year-over-year to 73.08% in Q1 2026; TTM through Mar 2026 was 73.06%, a 75.0% increase from a year earlier, with the FY2025 full-year figure at 72.25%, down 39.0% from the prior year.
- Gross Margin retreated to 73.08% in Q1 2026 per OTEX's latest filing, from 74.03% in the prior quarter.
- Across five years, Gross Margin topped out at 108.96% in Q2 2023 and bottomed at 68.92% in Q1 2022.
- The 5-year median for Gross Margin is 72.31% (2025), against an average of 74.01%.
- Across the five-year window, Gross Margin surged 3873 bps in 2023 and sank 3645 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 70.84% in 2022, then gained by 4 bps to 73.56% in 2023, then fell by 0 bps to 73.28% in 2024, then grew by 1 bps to 74.03% in 2025, then slipped by 1 bps to 73.08% in 2026.
- Per Business Quant, the three latest OTEX Gross Margin figures stand at 73.08% (Q1 2026), 74.03% (Q4 2025), and 72.78% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Open Text | 5.21 Bn | 3.96 Bn | 937.27 Mn | 73.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 69.59% |