Filing Flows › Open Text (OTEX) › Q3 FY26
Open Text (OTEX) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 7, 2026
Open Text (OTEX) reported revenue of $1.3B for the third quarter fiscal 2026 (Q3 FY26), +2% from a year earlier and -3% from the quarter before. Operating margin was 15.7%, net earnings $173M (13.5% of revenue).
Open Text, Q3 FY26: revenue $1.3B (+2% year over year), operating margin 15.7%, net earnings $173M, operating cash flow $355M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -3% | +2% |
| Gross profit | $937M | -5% | +4% |
| Operating profit | $201M | -31% | -4% |
| Net earnings | $173M | +3% | +86% |
| Operating cash flow | $355M | +11% | -12% |
| Free cash flow | $305M | +9% | -18% |
What changed
Revenue was $1.3B in Q3 FY26, up 2% year over year and down 3% from the previous quarter. Content was the largest line at 44% of revenue. Content added $0.03B year over year (up 6%), 114% of the total change. Cybersecurity (Enterprise) declined 2%.
Gross margin was 73.1%, up 1.5 points from Q3 FY25. Operating profit was $0.20B, a 15.7% margin (down 1.0 points year over year). Operating profit fell $0.01B even though revenue rose $0.03B versus Q3 FY25, so costs grew faster than sales. Operating expenses grew 7% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+50%). Net earnings were $0.17B, up 86% year over year. The effective tax rate was 16.6%.
Operating cash flow was $0.35B (down 12% year over year), 205% of net earnings. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.16B. Capital expenditures of $0.05B left free cash flow of $0.30B.
Questions
What was Open Text's revenue in the third quarter fiscal 2026?
Open Text (OTEX) reported revenue of $1.3B for the third quarter fiscal 2026 (Q3 FY26), +2% from a year earlier and -3% from the quarter before.
Was Open Text profitable in the third quarter fiscal 2026?
Operating profit was $201M (15.7% of revenue) and net earnings $173M.
Source: Open Text 10-Q on SEC EDGAR.