• Open Text average operating margin for 2023 was 12.04%, a 33.44% increase from 2022.
• Open Text average operating margin for 2022 was 18.09%, a 13.61% decline from 2021.
• Open Text average operating margin for 2021 was 20.94%, a 18.91% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.