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Kyndryl vs Open Text: revenue, profit, margins and growth compared

Kyndryl brought in $15.1B of revenue in fiscal 2026, Open Text $5.2B in fiscal 2026. Revenue changed by +0.2% at Kyndryl and +1.5% at Open Text on the year before, so Open Text grew faster. Kyndryl kept 1.3% of its revenue as net profit, Open Text 12.3%. Free cash flow was $340M at Kyndryl and $807.5M at Open Text.

Side by side, latest fiscal year

KDOTEX
Fiscal year endedFY2026 (March 31, 2026)FY2026 (June 30, 2026)
Revenue$15.1B$5.2B
Revenue growth+0.2%+1.5%
Net income$198M$643M
Net margin1.3%12.3%
Free cash flow$340M$807.5M
Free cash flow margin2.3%15.4%
Earnings per share (diluted)$0.85$2.58
Cash$2.6B$956M
Debt$3.9B$5.8B
Price to earnings13.78.7
Market value$2.5B$5.6B
Dividend yieldn/a4.89%
Rank by revenue in sector#44 of 530 · Technology#87 of 530 · Technology

Over the years

Revenue
KD FY2019: $20.3BKD FY2021: $19.4BKD FY2021: $18.7BKD FY2023: $17BKD FY2024: $16.1BKD FY2025: $15.1BKD FY2026: $15.1BOTEX FY2019: $2.9BOTEX FY2020: $3.1BOTEX FY2021: $3.4BOTEX FY2022: $3.5BOTEX FY2023: $4.5BOTEX FY2024: $5.8BOTEX FY2025: $5.2BOTEX FY2026: $5.2BFY19FY20FY21FY22FY23FY24FY25FY26
KD $15.1BOTEX $5.2B
Net income
KD FY2019: -$943MKD FY2021: -$2BKD FY2021: -$2.3BKD FY2023: -$1.4BKD FY2024: -$340MKD FY2025: $252MKD FY2026: $198MOTEX FY2019: $285.5MOTEX FY2020: $234.2MOTEX FY2021: $310.7MOTEX FY2022: $397.1MOTEX FY2023: $150.4MOTEX FY2024: $465.1MOTEX FY2025: $435.9MOTEX FY2026: $643MFY19FY20FY21FY22FY23FY24FY25FY26
KD $198MOTEX $643M
Net margin
KD FY2019: -4.7%KD FY2021: -10.4%KD FY2021: -12.3%KD FY2023: -8.1%KD FY2024: -2.1%KD FY2025: 1.7%KD FY2026: 1.3%OTEX FY2019: 10.0%OTEX FY2020: 7.5%OTEX FY2021: 9.2%OTEX FY2022: 11.4%OTEX FY2023: 3.4%OTEX FY2024: 8.1%OTEX FY2025: 8.4%OTEX FY2026: 12.3%FY19FY20FY21FY22FY23FY24FY25FY26
KD 1.3%OTEX 12.3%
Revenue growth
KD FY2021: -4.6%KD FY2021: -3.6%KD FY2024: -5.7%KD FY2025: -6.2%KD FY2026: +0.2%OTEX FY2020: +8.4%OTEX FY2021: +8.9%OTEX FY2022: +3.2%OTEX FY2023: +28.4%OTEX FY2024: +28.6%OTEX FY2025: -10.4%OTEX FY2026: +1.5%FY20FY21FY22FY23FY24FY25FY26
KD +0.2%OTEX +1.5%
Free cash flow
KD FY2019: -$56MKD FY2021: -$408MKD FY2021: -$871MKD FY2023: -$84MKD FY2024: -$197MKD FY2025: $337MKD FY2026: $340MOTEX FY2019: $812.4MOTEX FY2020: $881.8MOTEX FY2021: $812.4MOTEX FY2022: $888.7MOTEX FY2023: $655.4MOTEX FY2024: $808.4MOTEX FY2025: $687.4MOTEX FY2026: $807.5MFY19FY20FY21FY22FY23FY24FY25FY26
KD $340MOTEX $807.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Kyndryl and Open Text

Which is bigger by revenue, Kyndryl or Open Text?

Kyndryl is bigger by revenue: $15.1B in fiscal 2026, against $5.2B for Open Text in fiscal 2026.

Which keeps more of its revenue as profit, Kyndryl or Open Text?

Kyndryl had a net margin of 1.3% in fiscal 2026; Open Text had 12.3% in fiscal 2026.

Which grew revenue faster, Kyndryl or Open Text?

In their latest fiscal years revenue changed by +0.2% at Kyndryl and +1.5% at Open Text.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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