Formula Systems (1985) (FORTY) EBT Margin (2009 - 2026)
Formula Systems (1985)'s (FORTY) quarterly EBT Margin came in at 8.44% in Q2 2026, up 187.0% on a YoY basis from 2.94% in Q2 2025, and down 19.97% quarter-over-quarter from 10.54% in Q1 2026.
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Analysis
Formula Systems (1985) (FORTY) EBT Margin (2009 - 2026) Analysis & Trends
Formula Systems (1985) (FORTY) has reported EBT Margin for 18 consecutive years, with 8.44% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBT Margin rose 187.0% year-over-year to 8.44%; the trailing twelve-month figure through Jun 2026 stood at 7.1% (changed 0.0% YoY), and the FY2025 full-year result was 5.57%, down 159.0% from the prior year.
- EBT Margin eased to 8.44% in Q2 2026 per FORTY's latest filing, from 10.54% in the prior quarter.
- Across five years, EBT Margin topped out at 15.04% in Q2 2022 and bottomed at 2.55% in Q4 2025.
- Historically, EBT Margin has averaged 8.11% across 5 years, with a median of 8.06% in 2022.
- The sharpest annual moves came in 2022 and 2023: EBT Margin surged 746 bps in 2022, then plunged 675 bps in 2023.
- Over 5 years, EBT Margin stood at 8.11% in 2022, then slipped by 2 bps to 7.99% in 2023, then slipped by 9 bps to 7.3% in 2024, then slumped by 65 bps to 2.55% in 2025, then soared by 231 bps to 8.44% in 2026.
- According to Business Quant data, EBT Margin over the past three periods registered 8.44%, 10.54%, and 2.55% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.97 Bn | 44.97 Bn | 1.60 Bn | 22.88% |
| 2 | Cognizant Technology Solutions | 27.17 Bn | 26.12 Bn | 1.83 Bn | 15.96% |
| 3 | Cgi | 15.39 Bn | 14.81 Bn | - | 15.12% |
| 4 | EPAM Systems | 5.98 Bn | 5.19 Bn | 429.57 Mn | 9.93% |
| 5 | Science Applications International | 5.46 Bn | 5.34 Bn | 239.00 Mn | 6.33% |
| 6 | ExlService Holdings | 5.28 Bn | 5.00 Bn | 225.96 Mn | 14.12% |
| 7 | Kyndryl Holdings | 2.79 Bn | 680.69 Mn | 776.00 Mn | -1.91% |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 8.44% |
| 9 | DXC Technology | 1.80 Bn | -204.47 Mn | 611.00 Mn | 8.04% |
| 10 | Innodata | 1.78 Bn | 1.53 Bn | 42.46 Mn | 19.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.44% |
| Mar 31, 2026 | 10.54% |
| Dec 31, 2025 | 2.55% |
| Sep 30, 2025 | 6.56% |
| Jun 30, 2025 | 6.57% |
| Mar 31, 2025 | 6.95% |
| Dec 31, 2024 | 7.30% |
| Sep 30, 2024 | 7.61% |
| Jun 30, 2024 | 9.17% |
| Mar 31, 2024 | 8.16% |
| Dec 31, 2023 | 7.99% |
| Sep 30, 2023 | 7.91% |
| Jun 30, 2023 | 8.30% |
| Mar 31, 2023 | 8.01% |
| Dec 31, 2022 | 8.11% |
| Sep 30, 2022 | 8.43% |
| Jun 30, 2022 | 15.04% |
| Mar 31, 2022 | 8.41% |
| Dec 31, 2021 | 7.94% |
| Sep 30, 2021 | 7.65% |