Formula Systems (1985) (FORTY) Gross Margin (2009 - 2026)
Formula Systems (1985)'s (FORTY) quarterly Gross Margin came in at 20.25% in Q2 2026, down 18.0% on a YoY basis from 24.69% in Q2 2025, and up 2.36% quarter-over-quarter from 19.78% in Q1 2026.
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Formula Systems (1985) (FORTY) Gross Margin (2009 - 2026) Analysis & Trends
Formula Systems (1985) (FORTY) has reported Gross Margin for 18 consecutive years, with 20.25% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 18.0% year-over-year to 20.25%; the trailing twelve-month figure through Jun 2026 stood at 19.83% (down 41.0% YoY), and the FY2025 full-year result was 19.76%, down 33.0% from the prior year.
- Gross Margin advanced to 20.25% in Q2 2026 per FORTY's latest filing, from 19.78% in the prior quarter.
- Across five years, Gross Margin topped out at 25.18% in Q4 2023 and bottomed at 19.41% in Q1 2025.
- Historically, Gross Margin has averaged 22.44% across 5 years, with a median of 23.49% in 2022.
- The sharpest annual moves came in 2022 and 2024: Gross Margin soared 202 bps in 2022, then plunged 486 bps in 2024.
- Over 5 years, Gross Margin stood at 24.79% in 2022, then gained by 2 bps to 25.18% in 2023, then decreased by 14 bps to 21.73% in 2024, then dropped by 9 bps to 19.78% in 2025, then increased by 2 bps to 20.25% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 20.25%, 19.78%, and 19.78% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.97 Bn | 44.97 Bn | 1.60 Bn | 31.48% |
| 2 | Cognizant Technology Solutions | 27.17 Bn | 26.12 Bn | 1.83 Bn | 33.37% |
| 3 | Cgi | 15.39 Bn | 14.81 Bn | - | - |
| 4 | EPAM Systems | 5.98 Bn | 5.19 Bn | 429.57 Mn | 30.36% |
| 5 | Science Applications International | 5.46 Bn | 5.34 Bn | 239.00 Mn | 12.71% |
| 6 | ExlService Holdings | 5.28 Bn | 5.00 Bn | 225.96 Mn | 37.99% |
| 7 | Kyndryl Holdings | 2.79 Bn | 680.69 Mn | 776.00 Mn | 21.45% |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 20.25% |
| 9 | DXC Technology | 1.80 Bn | -204.47 Mn | 611.00 Mn | 20.37% |
| 10 | Innodata | 1.78 Bn | 1.53 Bn | 42.46 Mn | 46.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.25% |
| Mar 31, 2026 | 19.78% |
| Dec 31, 2025 | 19.78% |
| Sep 30, 2025 | 19.48% |
| Jun 30, 2025 | 20.43% |
| Mar 31, 2025 | 19.41% |
| Dec 31, 2024 | 21.73% |
| Sep 30, 2024 | 19.51% |
| Jun 30, 2024 | 24.93% |
| Mar 31, 2024 | 23.51% |
| Dec 31, 2023 | 25.18% |
| Sep 30, 2023 | 24.37% |
| Jun 30, 2023 | 24.56% |
| Mar 31, 2023 | 24.15% |
| Dec 31, 2022 | 24.79% |
| Sep 30, 2022 | 24.57% |
| Jun 30, 2022 | 23.47% |
| Mar 31, 2022 | 23.95% |
| Dec 31, 2021 | 23.68% |
| Sep 30, 2021 | 24.16% |