OpenText
Manages, protects, and activates enterprise information for AI.
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Profile
Sells enterprise information-management software across content management, business networks, cybersecurity, and IT operations. An acquisition-built portfolio is delivered through cloud and software offerings, with data governance and security central to its AI-focused strategy.
Builds enterprise information-management software that manages content, connects business networks, secures data, and supports IT operations. The portfolio also includes AI-related capabilities intended to help enterprises protect, govern, and activate data.
Acquisitions including Documentum, Carbonite, and Micro Focus expanded the product set, while the company later sold its AMC business and Vertica as non-core assets. Its history traces the acquisition-built portfolio back to Waterloo-origin search technology developed for the first online Oxford English Dictionary.
The business focuses on cloud, security, and AI as it integrates acquired businesses and simplifies its portfolio.
Company facts
Categories
Key statistics
Year to date −21.0% · Average volume (30d) 1.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | Scotiabank | Reiterate | Sector Outperform | $40 | $33 | |
| Aug 6, 2026 | Raymond James | Downgrade | Outperform | Market Perform | $48 | $29.50 |
| May 11, 2026 | Barclays | Reiterate | Equal Weight | $25 | $27 | |
| May 8, 2026 | RBC Capital | Reiterate | Sector Perform | $30 | $27 | |
| May 8, 2026 | Scotiabank | Reiterate | Sector Outperform | $35 | $40 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q4 FY26 | $1.02 | $1.23 | +20.6% | $1.29B | $1.33B | +3.0% | +0.04% |
| May 7, 2026Q3 FY26 | $0.90 | $0.99 | +10.0% | $1.26B | $1.26B | +0.6% | +4.35% |
| Feb 5, 2026Q2 FY26 | $1.04 | $1.13 | +8.7% | $1.30B | $1.32B | +1.7% | +10.00% |
| Nov 5, 2025Q1 FY26 | $1.00 | $1.05 | +5.0% | $1.34B | $1.27B | −5.0% | −5.37% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.25B | $1.31B | $1.29B | $1.33B | $1.28B | $5.25B | |
| Gross profit | $898.3M | $947.7M | $937.5M | $982.2M | $937.3M | $3.87B | |
| Operating income | $212.9M | $261.2M | $269.9M | $291.8M | $275.1M | $1.08B | |
| Net income | $92.8M | $28.8M | $146.6M | $168.1M | $172.7M | $643.0M | |
| Diluted EPS | $0.35 | $0.11 | $0.57 | $0.66 | $0.70 | $2.58 | |
| Gross margin | 71.6% | 72.3% | 72.8% | 74.0% | 73.1% | 73.7% | |
| Operating margin | 17.0% | 19.9% | 21.0% | 22.0% | 21.4% | 20.6% |
Fiscal years (4-quarter sums)FY22 $3.49B · FY23 $4.46B · FY24 $5.79B · FY25 $5.17B · FY26 $9.14B
Revenue by product · Q4 FY26
Revenue by geography · Q4 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $956.0M · Total debt $5.97B · Total assets $13.11B · Shareholders' equity $4.01B
Dividends
Raised for 11 straight years — most recently to $0.275 from $0.2625 in Sep 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 5, 2026 | Jun 5 | Jun 19 | $0.275 | |
| Mar 6, 2026 | Mar 6 | Mar 20 | $0.275 | |
| Dec 5, 2025 | Dec 5 | Dec 19 | $0.275 | |
| Sep 5, 2025 | Sep 5 | Sep 19 | $0.275 | raised from $0.2625 |
| Jun 6, 2025 | Jun 6 | Jun 20 | $0.2625 | |
| Mar 7, 2025 | Mar 7 | Mar 21 | $0.2625 | |
| Nov 29, 2024 | Nov 29 | Dec 20 | $0.2625 | |
| Aug 30, 2024 | Aug 30 | Sep 20 | $0.2625 | raised from $0.25 |
Ownership
Shares outstanding 242.66M · Float 238.47M · 98.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| 1832 Asset Management L.P. | 25.04M | 10.32% | 13F | Aug 13, 2026 |
| FIL Ltd | 19.14M | 7.89% | 13F | Aug 13, 2026 |
| Brandes Investment Partners, LP | 13.06M | 5.38% | 13F | Aug 14, 2026 |
| Manufacturers Life Insurance Company, the | 12.04M | 4.96% | 13F | Aug 14, 2026 |
| Letko, Brosseau & Associates Inc | 8.84M | 3.64% | 13F | Aug 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- IBM
Broad enterprise information-management overlap.
- Microsoft
Overlaps in content, security, cloud, and DevOps.
- ServiceNow
Direct overlap in IT operations, service management, and SecOps.
- Oracle
Enterprise applications and infrastructure compete in selected accounts.
- CrowdStrike
Cloud-delivered endpoint, identity, and data security overlap.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| OpenText | $25.10 | +0.04% | $6.09B | 5.6 | 6.4 | 0.7 | +1.6% |
| IBM | $235.80 | +0.10% | $221.96B | 20.8 | 18.4 | 3.2 | +1.1% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| ServiceNow | $143.28 | −0.97% | $149.61B | 90.4 | 31.9 | 10.2 | +24.0% |
| Oracle | $150.95 | +0.17% | $434.14B | 25.9 | 18.7 | 6.4 | +20.6% |
| CrowdStrike | $217.75 | −0.30% | $222.39B | 6,720.0 | 157.7 | 41.2 | +25.8% |
| Median | 28.6 | 26.2 | 10.2 | +20.6% |