Open Text (OTEX) Gross Margin (2009 - 2026)
Open Text (OTEX) recorded quarterly Gross Margin of 73.08% in Q1 2026, down 1.28% quarter-over-quarter from 74.03% in Q4 2025, and up 147.0% on a YoY basis from 29.59% in Q1 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.
- In Q1 2026, Gross Margin rose 147.0% year-over-year to 73.08%; the TTM figure through Mar 2026 stood at 73.06% (up 75.0% YoY), while the FY2025 annual figure was 72.25%, down 39.0% from the prior year.
- Gross Margin was 73.08% for Q1 2026 at Open Text, down from 74.03% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 108.96% in Q2 2023 to a low of 68.92% in Q1 2022.
- Historically, Gross Margin has averaged 74.01% across 5 years, with a median of 72.31% in 2025.
- The sharpest annual moves came in 2023 and 2024: Gross Margin soared 3873 bps in 2023, then sank 3645 bps in 2024.
- A 5-year view of Gross Margin shows it 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.
- The last three Gross Margin figures came in at 73.08% (Q1 2026), 74.03% (Q4 2025), and 72.78% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Open Text | 5.55 Bn | 4.30 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% |