Formula Systems (1985) (FORTY) Change in Taxes (2009 - 2019)

Formula Systems (1985) (FORTY) reported Change in Taxes of $2019.0 for Q2 2019, up 100.0% quarter-over-quarter from -$59.4 million in Q4 2018.

Formula Systems (1985) (FORTY) Change in Taxes (2009 - 2019) Analysis & Trends

Formula Systems (1985) has reported Change in Taxes for 9 years, with the latest figure at $2019.0 in Q2 2019.

  • For the quarter ending Q2 2019, Change in Taxes changed N/A year-over-year to $2019.0; the trailing twelve-month figure through Jun 2019 stood at $2019.0 (changed N/A YoY), and the FY2018 full-year result was $2019.0, changed 0.05% from the prior year.
  • Change in Taxes for Q2 2019 stood at $2019.0, up from -$59.4 million in the prior quarter.
  • The five-year high for Change in Taxes was $12.9 million in Q3 2017, with the low at -$59.4 million in Q4 2018.
  • Historically, Change in Taxes has averaged -$7.1 million across 5 years, with a median of $2019.0 in 2019.
  • Annual changes were most pronounced in 2016 — Change in Taxes increased 0.05% — and 2018, when it sank 764.06%.
  • Formula Systems (1985)'s Change in Taxes stood at $2.0 million in 2015, then rose by 0.05% to $2.0 million in 2016, then plunged by 441.17% to -$6.9 million in 2017, then slumped by 764.06% to -$59.4 million in 2018, then surged by 100.0% to $2019.0 in 2019.
  • The last three Change in Taxes figures came in at $2019.0 (Q2 2019), -$59.4 million (Q4 2018), and $2018.0 (Q3 2018), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 Infosys 250,975,992.28 Bn 250,975,991.00 Bn 1.56 Bn -
2 International Business Machines 267.32 Bn 252.39 Bn 8.95 Bn -
3 Wipro 138.60 Bn 137.44 Bn 751.00 Mn -122.00 Mn
4 Accenture 109.98 Bn 101.66 Bn 16.30 Bn -138.81 Mn
5 Cognizant Technology Solutions 25.38 Bn 23.86 Bn 1.78 Bn -
6 Fidelity National Information Services 21.09 Bn 20.34 Bn 1.11 Bn -
7 Broadridge Financial Solutions 17.60 Bn 17.30 Bn 626.90 Mn -
8 Cdw 17.16 Bn 16.58 Bn 1.19 Bn -
9 Leidos Holdings 15.68 Bn 15.27 Bn 761.00 Mn 101.00 Mn
10 Formula Systems (1985) 293,580.00 -1.18 Bn 146.04 Bn -

Historic Data

Download Data
DateValue
Jun 30, 2019 2,019.00
Jun 30, 2019 2,019.00
Dec 31, 2018 -59.43 Mn
Dec 31, 2018 -59.43 Mn
Sep 30, 2018 2,018.00
Sep 30, 2018 2,018.00
Dec 31, 2017 -6.88 Mn
Dec 31, 2017 -6.88 Mn
Sep 30, 2017 12.91 Mn
Sep 30, 2017 12.91 Mn
Dec 31, 2016 2.02 Mn
Dec 31, 2016 2.02 Mn
Dec 31, 2015 2.02 Mn
Dec 31, 2015 2.02 Mn
Sep 30, 2012 11.44 Mn
Sep 30, 2012 11.44 Mn
Jun 30, 2012 10.03 Mn
Jun 30, 2012 10.03 Mn
Mar 31, 2012 10.39 Mn
Mar 31, 2012 10.39 Mn