Open Text (OTEX) Operating Margin (2009 - 2026)
Open Text (OTEX) recorded quarterly Operating Margin of 15.69% in Q1 2026, down 28.66% quarter-over-quarter from 21.99% in Q4 2025, and down 98.0% on a YoY basis from 784.45% in Q1 2025.
Open Text (OTEX) Operating Margin (2009 - 2026) Analysis & Trends
Open Text's Operating Margin history runs 18 years deep, the most recent figure standing at 15.69% for Q1 2026.
- In Q1 2026, Operating Margin fell 98.0% year-over-year to 15.69%; the TTM figure through Mar 2026 stood at 18.14% (up 81.0% YoY), while the FY2025 annual figure was 17.27%, up 190.0% from the prior year.
- Operating Margin was 15.69% for Q1 2026 at Open Text, down from 21.99% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 22.17% in Q4 2024 to a low of 5.14% in Q1 2023.
- Historically, Operating Margin has averaged 16.14% across 5 years, with a median of 15.69% in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Margin plunged 978 bps in 2023, then jumped 1055 bps in 2024.
- A 5-year view of Operating Margin shows it stood at 20.58% in 2022, then declined by 20 bps to 16.54% in 2023, then jumped by 34 bps to 22.17% in 2024, then declined by 1 bps to 21.99% in 2025, then slipped by 29 bps to 15.69% in 2026.
- The last three Operating Margin figures came in at 15.69% (Q1 2026), 21.99% (Q4 2025), and 20.96% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.05% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 13.34% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Open Text | 5.55 Bn | 4.30 Bn | 937.27 Mn | 15.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.69% |
| Dec 31, 2025 | 21.99% |
| Sep 30, 2025 | 20.96% |
| Jun 30, 2025 | 13.85% |
| Mar 31, 2025 | 16.67% |
| Dec 31, 2024 | 22.17% |
| Sep 30, 2024 | 16.25% |
| Jun 30, 2024 | 14.19% |
| Mar 31, 2024 | 15.69% |
| Dec 31, 2023 | 16.54% |
| Sep 30, 2023 | 14.94% |
| Jun 30, 2023 | 12.42% |
| Mar 31, 2023 | 5.14% |
| Dec 31, 2022 | 20.58% |
| Sep 30, 2022 | 17.18% |
| Jun 30, 2022 | 15.25% |
| Mar 31, 2022 | 14.92% |
| Dec 31, 2021 | 22.00% |
| Sep 30, 2021 | 21.95% |
| Jun 30, 2021 | 19.21% |