Open Text (OTEX) Operating Expenses (2009 - 2026)
Open Text (OTEX) posted Operating Expenses of $691.8 million for Q2 2026, down 6.01% on a QoQ basis from $736.1 million in Q1 2026, and down 9.7% year-over-year from $766.1 million in Q2 2025.
Analysis
Open Text (OTEX) Operating Expenses (2009 - 2026) Analysis & Trends
Open Text has reported Operating Expenses for 18 years, with the latest figure at $691.8 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 9.7% year-over-year to $691.8 million in Q2 2026; TTM through Jun 2026 was $2.8 billion, a 1.96% decrease from a year earlier, with the FY2026 full-year figure at $2.8 billion, down 1.96% from the prior year.
- Operating Expenses was $691.8 million for Q2 2026 at Open Text, down from $736.1 million in the prior quarter.
- The five-year high for Operating Expenses was $942.7 million in Q2 2023, with the low at $447.3 million in Q3 2022.
- Average Operating Expenses over 5 years is $697.6 million, with a median of $698.0 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 94.03% in 2023, then fell 22.06% in 2024.
- Over 5 years, Operating Expenses stood at $451.1 million in 2022, then surged by 94.03% to $875.3 million in 2023, then dropped by 22.06% to $682.2 million in 2024, then increased by 1.21% to $690.4 million in 2025, then climbed by 0.2% to $691.8 million in 2026.
- The last three Operating Expenses figures came in at $691.8 million (Q2 2026), $736.1 million (Q1 2026), and $690.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Atlassian | 49.32 Bn | 48.08 Bn | 1.53 Bn | 1.32 Bn |
| 2 | Dropbox | 7.65 Bn | 6.54 Bn | 506.50 Mn | 341.70 Mn |
| 3 | Open Text | 5.80 Bn | 4.84 Bn | 1.01 Bn | 691.79 Mn |
| 4 | Box | 4.83 Bn | 4.38 Bn | 253.97 Mn | 221.33 Mn |
| 5 | Asana | 2.03 Bn | 1.81 Bn | 186.10 Mn | 227.32 Mn |
| 6 | Cheetah Mobile | 99.06 Mn | -64.30 Mn | 24.15 Mn | -28.25 Mn |
| 7 | Upland Software | 10.97 Mn | -20.70 Mn | 37.47 Mn | 67.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 691.79 Mn |
| Mar 31, 2026 | 736.06 Mn |
| Dec 31, 2025 | 690.45 Mn |
| Sep 30, 2025 | 667.57 Mn |
| Jun 30, 2025 | 766.14 Mn |
| Mar 31, 2025 | 689.16 Mn |
| Dec 31, 2024 | 682.18 Mn |
| Sep 30, 2024 | 704.12 Mn |
| Jun 30, 2024 | 794.46 Mn |
| Mar 31, 2024 | 828.71 Mn |
| Dec 31, 2023 | 875.25 Mn |
| Sep 30, 2023 | 805.53 Mn |
| Jun 30, 2023 | 942.73 Mn |
| Mar 31, 2023 | 810.96 Mn |
| Dec 31, 2022 | 451.08 Mn |
| Sep 30, 2022 | 447.34 Mn |
| Jun 30, 2022 | 496.20 Mn |
| Mar 31, 2022 | 476.44 Mn |
| Dec 31, 2021 | 422.73 Mn |
| Sep 30, 2021 | 391.50 Mn |