Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 73.74% is 12% above its 5-year average of 65.85%, near the high end of its 5-year range (60.01%–74.03%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.75% above its 12-month average of 73.19%.
Reported quarterly gross margin; no daily interpolation. Q4 FY2026 (2026-06-30): 73.74%.
GROSS MARGIN
73.74%
GROSS MARGIN AVG TTM
73.19%
GROSS MARGIN AVG 3Y
68.85%
GROSS MARGIN AVG 5Y
65.85%
GROSS MARGIN AVG 10Y
60.26%
GROSS MARGIN AVG 15Y
63.66%
GROSS MARGIN AVG 20Y
64.52%
CURRENT VS TTM AVG
+0.75%
CURRENT VS 3Y AVG
+7.10%
CURRENT VS 5Y AVG
+11.99%
CURRENT VS 10Y AVG
+22.37%
CURRENT VS 15Y AVG
+15.84%
CURRENT VS 20Y AVG
+14.29%
SECTOR MEDIAN · TECHNOLOGY
47.70%
median of 637 covered companies
CURRENT VS SECTOR MEDIAN
+54.59%
vs the sector median at left
Open Text Corporation
Market Cap
$5.51B
Gross Margin
73.74%
TTM Avg
73.19%
3Y Avg
68.85%
5Y Avg
65.85%
Market Cap
$5.64B
Gross Margin
77.07%
TTM Avg
81.06%
3Y Avg
83.25%
5Y Avg
83.77%
Market Cap
$5.37B
Gross Margin
38.51%
TTM Avg
37.98%
3Y Avg
37.43%
5Y Avg
37.18%
Market Cap
$5.36B
Gross Margin
11.88%
TTM Avg
17.80%
3Y Avg
15.37%
5Y Avg
20.15%
Market Cap
$5.71B
Gross Margin
28.33%
TTM Avg
28.62%
3Y Avg
29.92%
5Y Avg
31.41%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Open Text Corporation (OTEX) | $5.51B | 73.74% | 73.19% | 68.85% | 65.85% |
| Impinj, Inc. (PI)vs › | $5.62B | 52.71% | 51.78% | 51.61% | 50.89% |
| Varonis Systems, Inc. (VRNS)vs › | $5.64B | 77.07% | 81.06% | 83.25% | 83.77% |
| ExlService Holdings, Inc. (EXLS)vs › | $5.37B | 38.51% | 37.98% | 37.43% | 37.18% |
| Core Scientific, Inc. (CORZ)vs › | $5.36B | 11.88% | 17.80% | 15.37% | 20.15% |
| Genpact Limited (G)vs › | $5.67B | 36.58% | 35.51% | 35.31% | 35.28% |
| Pegasystems Inc. (PEGA)vs › | $5.69B | 75.57% | 74.88% | 73.84% | 72.84% |
| EPAM Systems, Inc. (EPAM)vs › | $5.71B | 28.33% | 28.62% | 29.92% | 31.41% |
| Novanta Inc. (NOVT)vs › | $5.31B | 42.52% | 43.00% | 43.83% | 43.20% |
| Octave Intelligence plc (OCTV)vs › | $5.29B | 65.59% | 32.80% | 16.40% | 16.40% |
Gross Margin
73.7%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 73.74% |
| 2026-03-31 | 73.08% |
| 2025-12-31 | 74.03% |
| 2025-09-30 | 72.78% |
| 2025-06-30 | 72.31% |
| 2025-03-31 | 71.61% |
| 2024-12-31 | 73.28% |
| 2024-09-30 | 71.74% |
| 2024-06-30 | 63.01% |
| 2024-03-31 | 63.77% |
| 2023-12-31 | 63.97% |
| 2023-09-30 | 60.62% |
| 2023-06-30 | 61.15% |
| 2023-03-31 | 60.03% |
| 2022-12-31 | 62.34% |
| 2022-09-30 | 60.57% |
| 2022-06-30 | 61.47% |
| 2022-03-31 | 60.01% |
| 2021-12-31 | 61.72% |
| 2021-09-30 | 60.18% |
| 2021-06-30 | 61.37% |
| 2021-03-31 | 59.49% |
| 2020-12-31 | 61.69% |
| 2020-09-30 | 59.46% |
| 2020-06-30 | 58.46% |
| 2020-03-31 | 54.96% |
| 2019-12-31 | 60.53% |
| 2019-09-30 | 57.25% |
| 2019-06-30 | 58.39% |
| 2019-03-31 | 56.41% |
| 2018-12-31 | 59.50% |
| 2018-09-30 | 55.63% |
| 2018-06-30 | 58.21% |
| 2018-03-31 | 54.45% |
| 2017-12-31 | 57.99% |
| 2017-09-30 | 55.33% |
| 2017-06-30 | 57.91% |
| 2017-03-31 | 54.84% |
| 2016-12-31 | 59.99% |
| 2016-09-30 | 56.63% |
| 2016-06-30 | 68.42% |
| 2016-03-31 | 67.90% |
| 2015-12-31 | 69.97% |
| 2015-09-30 | 67.77% |
| 2015-06-30 | 68.68% |
| 2015-03-31 | 65.69% |
| 2014-12-31 | 68.11% |
| 2014-09-30 | 67.41% |
| 2014-06-30 | 69.08% |
| 2014-03-31 | 67.35% |
| 2013-12-31 | 70.30% |
| 2013-09-30 | 67.20% |
| 2013-06-30 | 64.94% |
| 2013-03-31 | 64.23% |
| 2012-12-31 | 65.15% |
| 2012-09-30 | 63.02% |
| 2012-06-30 | 65.80% |
| 2012-03-31 | 63.61% |
| 2011-12-31 | 67.12% |
| 2011-09-30 | 64.79% |
| 2011-06-30 | 66.70% |
| 2011-03-31 | 66.54% |
| 2010-12-31 | 68.38% |
| 2010-09-30 | 66.24% |
| 2010-06-30 | 68.16% |
| 2010-03-31 | 66.69% |
| 2009-12-31 | 68.64% |
| 2009-09-30 | 66.17% |
| 2009-06-30 | 68.10% |
| 2009-03-31 | 66.82% |
| 2008-12-31 | 68.06% |
| 2008-09-30 | 68.82% |
| 2008-06-30 | 68.59% |
| 2008-03-31 | 68.29% |
| 2007-12-31 | 67.49% |
| 2007-09-30 | 67.18% |
| 2007-06-30 | 67.23% |
| 2007-03-31 | 65.13% |
| 2006-12-31 | 66.01% |
| 2006-09-30 | 66.15% |
| 2006-06-30 | 64.28% |
| 2006-03-31 | 64.95% |
| 2005-12-31 | 72.07% |
| 2005-09-30 | 69.08% |
| 2005-06-30 | 69.62% |
| 2005-03-31 | 68.85% |
| 2004-12-31 | 70.62% |
| 2004-09-30 | 69.27% |
| 2004-06-30 | 70.67% |
| 2004-03-31 | 74.81% |
| 2003-12-31 | 74.49% |
| 2003-09-30 | 73.58% |
| 2003-06-30 | 76.29% |
| 2003-03-31 | 75.11% |
| 2002-12-31 | 73.34% |
| 2002-09-30 | 72.91% |
