• Open Text average ebitda margin for 2023 was 27.25%, a 15.97% increase from 2022.
• Open Text average ebitda margin for 2022 was 32.43%, a 11.71% decline from 2021.
• Open Text average ebitda margin for 2021 was 36.73%, a 4.41% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.