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IT services · Technology · Fiscal year ends Jun 30
Open Text reported revenue of $5.2B in the fiscal year ended Jun 2026, up 1.5% from the year before. Operating income was $1.1B, an operating margin of 20.6%, and net income was $643M. Operating cash flow of $1B less capital expenditure of $199M left free cash flow of $808M. Net debt was $4.8B.
Ranks among the 36 it services companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 3,494 | 4,485 | 5,770 | 5,168 | 5,246 |
| Cost of revenue | 1,062 | 1,317 | 1,579 | 1,434 | 1,378 |
| Gross profit | 2,432 | 3,168 | 4,191 | 3,734 | 3,868 |
| Research & development | 440 | 659 | 864 | 756 | 648 |
| Selling, general & admin | 994 | 1,390 | 1,740 | 1,487 | 1,573 |
| Operating income | 645 | 516 | 887 | 893 | 1,083 |
| Net interest incomeBanks | −158 | −329 | – | – | – |
| Pre-tax income | 516 | 221 | 729 | 482 | 859 |
| Income tax | 119 | 70.8 | 264 | 46.0 | 216 |
| Net income | 397 | 150 | 465 | 436 | 643 |
| Diluted EPS | 1.46 | 0.56 | 1.71 | 1.65 | 2.58 |
| Diluted shares | 272 | 270 | 273 | 264 | 249 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 1,694 | 1,232 | 1,281 | 1,156 | 956 |
| Receivables | 427 | 683 | 626 | 660 | 751 |
| Current assets | 2,285 | 2,275 | 2,277 | 2,201 | 2,118 |
| Net PP&E | 245 | 357 | 368 | 375 | 522 |
| Goodwill | 5,245 | 8,663 | 7,488 | 7,517 | 7,327 |
| Total assets | 10,179 | 17,089 | 14,206 | 13,774 | 13,107 |
| Payables | 114 | 163 | 151 | 136 | 128 |
| Deferred revenue | 902 | 1,722 | 1,521 | 1,515 | 1,483 |
| Current liabilities | 1,468 | 3,220 | 2,800 | 2,747 | 2,623 |
| Short-term debt | 10.0 | 321 | 35.9 | 35.9 | 35.9 |
| Long-term debt | 4,210 | 8,562 | 6,357 | 6,342 | 5,735 |
| Total liabilities | 6,147 | 13,067 | 10,006 | 9,843 | 9,090 |
| Shareholders' equity | 4,031 | 4,021 | 4,198 | 3,929 | 4,014 |
| Backlog (remaining obligations) | 1,500 | 2,500 | 2,700 | – | – |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | 982 | 779 | 968 | 831 | 1,007 |
| Capital expenditure | 93.1 | 124 | 159 | 143 | 199 |
| Free cash flow | 889 | 655 | 808 | 687 | 808 |
| Stock-based compensation | 69.6 | 130 | 140 | 105 | 80.6 |
| Acquisitions | 0.0 | 5,658 | 9.3 | 0.0 | 0.0 |
| Share buybacks | 177 | 0.0 | 150 | 413 | 416 |
| Dividends paid | 238 | 260 | 267 | 272 | 268 |
| Dividend per share | 0.88 | 0.97 | 1.00 | 1.05 | 1.10 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 28.4% | 28.6% | −10.4% | 1.5% |
| Operating income growth (YoY) | – | −19.9% | 71.8% | 0.6% | 21.3% |
| EPS growth (YoY) | – | −61.6% | 205.4% | −3.5% | 56.4% |
| Gross margin | 69.6% | 70.6% | 72.6% | 72.3% | 73.7% |
| Operating margin | 18.5% | 11.5% | 15.4% | 17.3% | 20.6% |
| Net margin | 11.4% | 3.4% | 8.1% | 8.4% | 12.3% |
| Return on equityBlank when equity is negative | 9.9% | 3.7% | 11.1% | 11.1% | 16.0% |
| ROCEEBIT ÷ (assets − current liabilities) | 7.4% | 3.7% | 7.8% | 8.1% | 10.3% |
| Free cash flow margin | 25.4% | 14.6% | 14.0% | 13.3% | 15.4% |
| Cash conversion (CFO ÷ net income) | 2.47x | 5.18x | 2.08x | 1.91x | 1.57x |
| Receivable days | 45 | 56 | 40 | 47 | 52 |
| Payable days | 39 | 45 | 35 | 35 | 34 |
| Debt ÷ equity | 1.05x | 2.21x | 1.52x | 1.62x | 1.44x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 2,526 | 7,651 | 5,112 | 5,221 | 4,814 |
| Current ratio | 1.56x | 0.71x | 0.81x | 0.80x | 0.81x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.