Formula Systems (1985) (FORTY) Minority Interest (2009 - 2026)
Formula Systems (1985)'s Minority Interest came in at $449.96 million for Q2 2026, down 39.2% from $739.61 million a year earlier but up 2.5% from the prior quarter.
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Analysis
Formula Systems (1985) (FORTY) Minority Interest (2009 - 2026) Analysis & Trends
At the end of FY2025, Formula Systems (1985)'s Minority Interest was $424.54 million, down 40.2% from FY2024.
- Minority Interest carries a five-year compound annual growth rate of -6.8% (FY2020 to FY2025).
- Going back by year, Minority Interest was $710.01 million in FY2024 (+4.0%), $682.42 million in FY2023 (+9.2%), $625.05 million in FY2022 (-2.2%) and $638.83 million in FY2021 (+5.5%).
- The five-year range for quarterly Minority Interest is $424.54 million (Q4 2025) to $799.68 million (Q3 2025).
- Year-over-year, Minority Interest has declined for three consecutive quarters, with an average decline of 9.7% over the last eight quarters.
- The fastest year-over-year change in Minority Interest over five years came in Q3 2021 (growth of 25.0%), and the weakest in Q4 2025 (a decline of 40.2%).
- Business Quant data shows FORTY's Minority Interest at $439.15 million (Q1 2026), $424.54 million (Q4 2025) and $799.68 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 52.40 Bn | 38.90 Bn | 1.60 Bn |
| 2 | Cognizant Technology Solutions | 32.46 Bn | 25.62 Bn | 1.83 Bn |
| 3 | Wipro | 22.47 Bn | 17.61 Bn | 745.00 Mn |
| 4 | Cdw | 20.15 Bn | 18.14 Bn | 1.32 Bn |
| 5 | Td Synnex | 19.94 Bn | 14.10 Bn | 1.43 Bn |
| 6 | Cgi | 17.74 Bn | 15.53 Bn | - |
| 7 | Arrow Electronics | 11.21 Bn | 10.16 Bn | 1.13 Bn |
| 8 | Avnet | 7.65 Bn | 6.83 Bn | 865.03 Mn |
| 9 | EPAM Systems | 7.01 Bn | 2.65 Bn | 429.57 Mn |
| 10 | Formula Systems (1985) | 1.83 Bn | -1.52 Bn | 158.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 449.96 Mn |
| Mar 31, 2026 | 439.15 Mn |
| Dec 31, 2025 | 424.54 Mn |
| Sep 30, 2025 | 799.68 Mn |
| Jun 30, 2025 | 739.61 Mn |
| Mar 31, 2025 | 696.24 Mn |
| Dec 31, 2024 | 710.01 Mn |
| Sep 30, 2024 | 701.40 Mn |
| Jun 30, 2024 | 682.88 Mn |
| Mar 31, 2024 | 674.65 Mn |
| Dec 31, 2023 | 682.42 Mn |
| Sep 30, 2023 | 643.25 Mn |
| Jun 30, 2023 | 651.56 Mn |
| Mar 31, 2023 | 625.76 Mn |
| Dec 31, 2022 | 625.05 Mn |
| Sep 30, 2022 | 596.52 Mn |
| Jun 30, 2022 | 620.75 Mn |
| Mar 31, 2022 | 639.90 Mn |
| Dec 31, 2021 | 527,555.00 |
| Sep 30, 2021 | 617.25 Mn |
API Access
Formula Systems (1985) Minority Interest API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=minority-interest&ticker=FORTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "minority-interest", "ticker": "FORTY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=minority-interest&ticker=FORTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();