OPEN TEXT CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data OPEN TEXT CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	2,291	2,815	2,869	3,110	3,386	3,494	4,485	5,770	5,168	5,246
Cost of revenue	762	951	931	1,004	1,034	1,062	1,317	1,579	1,434	1,378
Gross profit	1,530	1,864	1,938	2,106	2,352	2,432	3,168	4,191	3,734	3,868
Research and development	281	323	322	370	421	440	659	864	756	648
Selling and marketing	444	529	518	585	622	677	970	1,163	1,059	1,136
General and administrative	170	205	208	238	264	317	420	577	428	437
Operating expenses	1,175	1,358	1,371	1,602	1,611	1,787	2,652	3,304	2,842	2,786
Operating income	355	507	567	504	741	645	516	887	893	1,083
Other non-operating income	15.7	18	10.2	-11.9	61.4	29.1	34.5	358	-82.8	85.9
Pre-tax income	250	386	441	345	651	516	221	729	482	859
Income tax	-776	144	155	111	340	119	70.8	264	46	216
Net income to minority interests	0.26	0.08	0.14	0.14	0.19	0.17	0.19	0.19	0.2	0.24
Net income	1,026	242	286	234	311	397	150	465	436	643
EBITDA	700	964	1,038
EPS, basic	4.04	0.91	1.06	0.86	1.14	1.46	0.56	1.71	1.66	2.58
EPS, diluted	4.01	0.91	1.06	0.86	1.14	1.46	0.56	1.71	1.65	2.58
Shares, basic (weighted)	254	266	269	271	273	271	270	272	263	249
Shares, diluted (weighted)	256	267	270	272	273	272	270	273	264	249
Dividend per share	0.48	0.55	0.63	0.70	0.78	0.88	0.97	1.00	1.05	1.10

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	443	683	941	1,693	1,607	1,694	1,232	1,281	1,156	956
Short-term investments	0
Receivables	446	488	464	466	439	427	683	626	660	751
Other current assets	81.6	101	97.2	136	98.6	121	222	243	199	236
Total current assets	1,003	1,328	1,561	2,386	2,202	2,285	2,275	2,277	2,201	2,118
Property, plant and equipment	227	264	249	245	234	245	357	368	375	522
Lease right-of-use assets				208	235	198	286	220	198	134
Goodwill	3,417	3,580	3,770	4,672	4,692	5,245	8,663	7,488	7,517	7,327
Intangible assets	1,473	1,297	1,147	1,613	1,187	1,075	4,081	2,486	1,977	1,475
Other non-current assets	93.8	111	149	154	209	257	342	298	308	301
Total assets	7,481	7,765	7,934	10,235	9,609	10,179	17,089	14,206	13,774	13,107
Accounts payable	43.7	41.7	46.3	41.5	57.5	114	163	151	136	128
Accrued liabilities	136	109	118	78.8	82.2	80.7	240	262	229	220
Deferred revenue	570	644	642	812	853	902	1,722	1,521	1,515	1,483
Short-term debt	183	10	10	610	10	10	321	35.9	35.9	35.9
Total current liabilities	1,127	995	1,015	1,904	1,362	1,468	3,220	2,800	2,747	2,623
Long-term debt	3,407	3,525	2,605	3,584	3,579	4,210	8,562	6,357	6,342	5,735
Lease liabilities				217	224	199	272	218	190	138
Total liabilities	3,947	4,048	4,049	6,228	5,510	6,147	13,067	10,006	9,843	9,090
Total debt	2,570	2,621	2,615	4,194	3,589	4,220	8,883	6,393	6,378	5,770
Paid-in capital	174		1,774	1,852	1,948	2,039	2,177	2,272	2,194	2,160
Retained earnings	1,898	1,994	2,114	2,159	2,153	2,160	2,049	2,119	1,940	2,016
Treasury stock	-27.5	-18.7	-28.8	-23.6	-69.4	-160	-152	-123	-138	-124
Other comprehensive income	48.8	33.6	24.1	17.8	66.2	-7.66	-53.6	-69.6	-67.1	-38.6
Shareholders' equity	3,532	3,716	3,883	4,005	4,098	4,031	4,021	4,198	3,929	4,014
Minority interests	0.96	1.04	1.22	1.32	1.51	1.14	1.33	1.52	1.72	1.96
Total equity	3,533	3,717	3,885	4,007	4,099	4,032	4,022	4,200	3,931	4,016
Total liabilities and equity	7,481	7,765	7,934	10,235	9,609	10,179	17,089	14,206	13,774	13,107
Shares outstanding	264	268	270	272	272	270	271	268	255	242

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	1,026	242	286	234	311	397	151	465	436	643
Depreciation and amortization	346	457	471
Stock-based compensation	30.5	27.6	26.8	29.5	52	69.6	130	140	105	80.6
Deferred income tax	-871	89.7	47.4	51.4	73	-36.1	-150	-142	-139	-26.2
Change in receivables	-127	-22.6	75.5	84.5	61	81.8	169	109	80.1	14.4
Change in payables	53.5	-91.7	-21.7	30.6	26.1	-24.2	-127	-65.9	-23	-39.7
Cash from operations	440	708	876	955	876	982	779	968	831	1,007
Capital expenditures	-79.6	-105	-63.8	-72.7	-63.7	-93.1	-124	-159	-143	-199
Acquisitions			0	-1,305	0	0	-5,658	-9.27	0	0
Purchases of investments	-5.94	-18
Sales and maturities of investments	9.21	0	0
Cash from investing	-2,191	-444	-465	-1,469	-68.8	-971	-5,651	2,055	-154	117
Debt issued	482	1,200	0	3,150	0	1,500	4,927	0	0
Debt repaid	-57.9	-1,150	-10	-1,714	-610	-860	-203	-2,568	-35.9	-649
Stock issued	35.6	75.9	57.9	66.6	80.1	67.2	39.3	66.9	35.4	56.4
Share buybacks	-8.2	0	-26.5	0	-119	-177	0	-150	-413	-416
Dividends paid	-121	-146	-169	-189	-211	-238	-260	-267	-272	-268
Cash from financing	910	-23.7	-148	1,269	-925	138	4,403	-2,962	-835	-1,319
Exchange rate effect	1.77	-2.19	-3.83	-0.18	29.7	-63.2	7.2	-12.3	32.9	-5.71
Net change in cash	-839	238	260	754	-87.5	86.1	-462	48.8	-125	-201
Free cash flow	361	603	812	882	812	889	655	808	687	808
Interest paid	115	133	139	147	148	153	360	534	352	322
Income taxes paid	83.1	73.4	80.6	94.7	400	117	202	295	412	300

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $22.51 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	73.7%	Gross profit / revenue.
Operating margin	20.6%	Operating income / revenue.
Pre-tax margin	16.4%	Pre-tax income / revenue.
Net margin	12.3%	Net income / revenue.
FCF margin	15.4%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	19.2%	Cash from operations / revenue.
Effective tax rate	25.1%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	16.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	4.8%	Net income / average total assets.
Return on invested capital (ROIC)	9.0%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	12.3%	Research and development expense / revenue.
Stock-based pay / revenue	1.5%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	3.8%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	1.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	5.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	9.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	3.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	6.9%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	10.5%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	21.3%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	28.0%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	7.9%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	47.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	62.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	15.7%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	56.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	66.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	17.7%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	21.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	8.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	2.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	17.5%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	7.2%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-0.1%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	4.8%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	4.2%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	7.2%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	2.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-0.1%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-0.4%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-4.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-8.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	6.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-5.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-2.7%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.8%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.81x	Current assets / current liabilities.
Quick ratio	0.65x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.36x	(Cash + short-term investments) / current liabilities.
Debt / equity	1.44x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	44.0%	Total debt / total assets.
Liabilities / assets	69.4%	Total liabilities / total assets.
Net debt	$4.81B	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	-$505.5M	Current assets - current liabilities.
Goodwill and intangibles / assets	67.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$4.79B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.39x	Revenue / average total assets.
Fixed asset turnover	11.7x	Revenue / average property, plant and equipment.
Receivables turnover	7.44x	Revenue / average receivables.
Days sales outstanding	49 days	365 x average receivables / revenue.
Days payables	35 days	365 x average accounts payable / cost of revenue.
FCF conversion	125.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	19.8%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.58	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$2.58	Net income per basic share, as reported (split-adjusted).
Revenue per share	$21.04	Revenue / diluted weighted shares.
FCF per share	$3.24	Free cash flow / diluted weighted shares.
Operating cash flow per share	$4.04	Cash from operations / diluted weighted shares.
Book value per share	$16.58	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$19.78	Tangible book value / shares outstanding.
Cash per share	$3.95	(Cash + short-term investments) / shares outstanding.
Dividend per share	$1.10	Dividend declared per common share (paid, when declared is not tagged).
Payout ratio	41.7%	Dividends paid / net income, when net income is positive.
Dividends / FCF	33.2%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	51.6%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$5.64B	Share price x shares outstanding.
Enterprise value	$10.46B	Market cap + total debt - cash - short-term investments.
P/E	8.77x	Market cap / net income. Only when net income is positive.
P/S	1.08x	Market cap / revenue.
P/B	1.41x	Market cap / shareholders' equity. Only when equity is positive.
P/FCF	6.99x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	5.60x	Market cap / cash from operations, when positive.
EV/Sales	1.99x	Enterprise value / revenue.
EV/EBIT	9.66x	Enterprise value / operating income, when both are positive.
EV/FCF	12.9x	Enterprise value / free cash flow, when both are positive.
FCF yield	14.3%	Free cash flow / market cap.
Earnings yield	11.4%	Net income / market cap (the inverse of P/E).
Dividend yield	4.8%	Dividends paid over the period / market cap.
Shareholder yield	12.1%	(Dividends paid + share buybacks) / market cap.
PEG	0.13x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was OPEN TEXT CORP's revenue in fiscal 2026?

OPEN TEXT CORP reported revenue of $5.25B for fiscal 2026, 1.5% higher than the year before.

Was OPEN TEXT CORP profitable in fiscal 2026?

Yes. Net income was $643.0M, a net margin of 12.3%.

How much free cash flow did OPEN TEXT CORP generate in fiscal 2026?

Cash from operations of $1.01B minus capital expenditures of $199.3M left free cash flow of $807.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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