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Open Text (OTEX) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Nov 5, 2026 · Open Text (OTEX) Q1 FY27 earnings results →

Q1 FY27 Revenue down 4% year over year to $1.2B · 13¢ of every $1 of revenue kept as net profit · operating margin 20.3%

Open Text made $1.2B in Q1 FY27 (-4% Y/Y): Cloud services and subscriptions $505M, Content $163M, Business Network $161M. Operating margin 20.3%, net earnings $155M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$1.2B
Year over year-4%
Operating margin20.3%
Net earnings$155M
Operating cash flow$172M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Open Text Q1 FY27 revenue breakdown: Sankey diagram of revenue (Cloud services and subscriptions, Content, Business Network, Business Network), costs, profit and cash flow
Open Text Q1 FY27 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.2B in Q1 FY27, down 4% year over year and down 8% from the previous quarter. Cloud services and subscriptions was the largest line at 41% of revenue. Cybersecurity (SMB & Consumer) lost $0.01B year over year (down 9%), 24% of the total change.

Gross margin was 73.2%, up 0.4 points from Q1 FY26. Operating profit was $0.25B, a 20.3% margin (down 0.7 points year over year). Operating expenses fell 2% while revenue fell 4%. Net earnings were $0.16B, up 6% year over year. The effective tax rate was 22.0%.

Operating cash flow was $0.17B (up 17% year over year), 111% of net earnings. Non-cash charges added back $0.02B of share-based compensation. Capital expenditures of $0.03B left free cash flow of $0.14B.

Quarterly history

Open Text revenue by quarterOpen Text revenue by quarter$1.3BQ3 FY25$1.3BQ4 FY25$1.3BQ1 FY26$1.3BQ2 FY26$1.3BQ3 FY26$1.3BQ4 FY26$1.2BQ1 FY27
Open Text net earnings by quarterOpen Text net earnings by quarter$92.9MQ3 FY25$28.9MQ4 FY25$147MQ1 FY26$168MQ2 FY26$173MQ3 FY26$156MQ4 FY26$155MQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QNov 5, 2026$1.2B-4%20.3%$155M$172M
Q4 FY2610-KAug 6, 2026$1.3B+3%23.7%$156M$186M
Q3 FY2610-QMay 7, 2026$1.3B+2%15.7%$173M$355M
Q2 FY2610-QFeb 5, 2026$1.3B-0.6%22.0%$168M$319M
Q1 FY2610-QNov 5, 2025$1.3B+2%21.0%$147M$148M
Q4 FY2510-KAug 7, 2025$1.3B-4%13.9%$28.9M$158M
Q3 FY2510-QApr 30, 2025$1.3B-13%16.7%$92.9M$402M

Charts

Open Text: revenue growth, year over year and quarter over quarterOpen Text: revenue growth, year over year and quarter over quarterY/YQ/Q-13%Q3 FY25-4%+4%Q4 FY25+2%-2%Q1 FY26-1%+3%Q2 FY26+2%-3%Q3 FY26+3%+5%Q4 FY26-4%-8%Q1 FY27
Latest (Q1 FY27): Y/Y -4%, Q/Q -8%.
Open Text: where the cash came from (+) and went (−), TTM to Q1 FY27Open Text: where the cash came from (+) and went (−), TTM to Q1 FY27Operating cash flow$1.0BNet borrowing (+) / repaid (−)−$649MBuybacks−$339MOther investing$316MDividends−$267MCapital spending−$187MCash drawn (+) / kept (−)$104MShares issued$54.8MOther financing−$54.8MExchange rates−$10.3M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Open Text: profit against cash, quarter by quarterOpen Text: profit against cash, quarter by quarterNet incomeOperating cash flow$230M$348MQ2 FY25$92.9M$402MQ3 FY25$28.9M$158MQ4 FY25$147M$148MQ1 FY26$168M$319MQ2 FY26$173M$355MQ3 FY26$156M$186MQ4 FY26$155M$172MQ1 FY27
Latest (Q1 FY27): Net income $155M, Operating cash flow $172M.
Open Text: diluted shares by fiscal yearOpen Text: diluted shares by fiscal year273MFY21272MFY22270MFY23273MFY24264MFY25249MFY26
-8.8% since FY21: buybacks shrank the count.
Open Text in its industry: growth against margin (40 companies, SIC 7373)Open Text in its industry: growth against margin (40 companies, SIC 7373)revenue growth, year over year →↑ operating marginmedian +9%median 1%LDOSKDCACISAICPSNGDDYLAWILJKHYIOTUISWAYNTCTRBBNIONQAGYSOSPNTLSSMRTASURWYYSTEMCREXCSPIHCTIQNTDMRCOMQSSLERIMEAURKDKMRLNFUSEODYSVEEAGRHIBNAISUNIDAICOTEX (-4%, 20%)
Services-Computer Integrated Systems Design; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Open Text

Incorporated in 1991, OpenText is a leading provider of data management for enterprise AI. We are Canadian in our roots and global in our reach. We provide the secure data foundation in the AI stack, the trusted context that makes credible AI outcomes possible. We give clients the choice to transform and operate at their best: deployment on-premise or in the cloud, with the type of cloud they need, public, private or sovereign, and to integrate with any enterprise-grade language model. We operate across the private, public, and highly regulated sectors including retail, financial services, government, manufacturing, healthcare, energy, and logistics.

In its own words, from its 10-K, filed Aug 6, 2026.

Open Text against its Services-Computer Integrated Systems Design peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -4% against the peers' median +4%. Operating margin: 20.3% against the peers' median 11.9%.

CompanyQuarterRevenueY/YOp. margin
OTEX Open TextQ1 FY27$1.2B-4%20.3%
LDOS Leidos HoldingsQ3 2026$4.6B+4%11.9%
KD Kyndryl HoldingsQ2 FY27$3.7B-2%3.1%
CACI CACI InternationalQ3 2026$2.5B+8%10.0%
SAIC Science Applications InternationalQ2 FY27$1.9B+6%8.1%
PSN ParsonsQ3 2026$1.7B+2%6.3%
GDDY GoDaddyQ3 2026$1.3B+6%27.0%
LAWIL Light & WonderQ3 2026$824M-2%29.4%
JKHY Jack Henry & AssociatesQ1 FY27$702M+9%29.5%

Source: Open Text 10-Q on SEC EDGAR · CIK 1002638 · Services-Computer Integrated Systems Design

Guidance and outlook

Open Text: what its forward-looking statements are about (10-Q filed 2026-11-05)Open Text: what its forward-looking statements are about (10-Q filed 2026-11-05)Other12The economy4Costs3Buybacks & dividends2AI1Products1Demand1Deals1
25 statements; tone +0.04 (−1 all cautious, +1 all confident); 4 hedged.
Open Text: outlook statements against the filing beforeOpen Text: outlook statements against the filing beforeConfident6Cautious5

13F: who owns OTEX and who is buying

Largest holders of OTEX (13F)Largest holders of OTEX (13F)Jarislowsky, Fraser$791M1832 Asset Management L.P.$555MFIL$424MVanguard Group$378MBrandes Investment Partners, LP$289MManufacturers Life Insurance Comp…$267MLetko, Brosseau & Associates$196MArrowstreet Capital, Limited Part…$185MRoyal Bank of Canada$179MFirst Trust Advisors LP$160M
Funds' net buying of OTEX by quarter (13F)Funds' net buying of OTEX by quarter (13F)$151M2024-09−$223M2024-12−$41.4M2025-03$171M2025-06−$110M2025-09$591M2025-12$202M2026-03$211M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on OTEX

History

Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results

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中文版：Open Text（OTEX）财报

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