Formula Systems (1985) (FORTY) Operating Expenses (2009 - 2026)
Formula Systems (1985)'s (FORTY) quarterly Operating Expenses came in at $86.6 million in Q2 2026, up 19.65% on a YoY basis from $72.4 million in Q2 2025, and up 7.2% quarter-over-quarter from $80.8 million in Q1 2026.
Analysis
Formula Systems (1985) (FORTY) Operating Expenses (2009 - 2026) Analysis & Trends
Formula Systems (1985) (FORTY) has reported Operating Expenses for 18 consecutive years, with $86.6 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 19.65% year-over-year to $86.6 million; the trailing twelve-month figure through Jun 2026 stood at $356.3 million (up 26.16% YoY), and the FY2025 full-year result was $332.0 million, up 23.98% from the prior year.
- Operating Expenses grew to $86.6 million in Q2 2026 per FORTY's latest filing, from $80.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $107.7 million in Q4 2025 and bottomed at $68.0 million in Q3 2024.
- Historically, Operating Expenses has averaged $90.9 million across 5 years, with a median of $96.6 million in 2022.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses plunged 32.96% in 2024, then surged 50.93% in 2025.
- Over 5 years, Operating Expenses stood at $102.7 million in 2022, then retreated by 1.78% to $100.9 million in 2023, then decreased by 29.24% to $71.4 million in 2024, then soared by 50.93% to $107.7 million in 2025, then fell by 19.59% to $86.6 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $86.6 million, $80.8 million, and $107.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.97 Bn | 44.97 Bn | 1.60 Bn | 528.00 Mn |
| 2 | Cognizant Technology Solutions | 27.17 Bn | 26.12 Bn | 1.83 Bn | 812.00 Mn |
| 3 | Cgi | 15.39 Bn | 14.81 Bn | - | 12.44 Mn |
| 4 | EPAM Systems | 5.98 Bn | 5.19 Bn | 429.57 Mn | 245.25 Mn |
| 5 | Science Applications International | 5.46 Bn | 5.34 Bn | 239.00 Mn | 87.00 Mn |
| 6 | ExlService Holdings | 5.28 Bn | 5.00 Bn | 225.96 Mn | 138.67 Mn |
| 7 | Kyndryl Holdings | 2.79 Bn | 680.69 Mn | 776.00 Mn | 630.00 Mn |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 86.63 Mn |
| 9 | DXC Technology | 1.80 Bn | -204.47 Mn | 611.00 Mn | 2.76 Bn |
| 10 | Innodata | 1.78 Bn | 1.53 Bn | 42.46 Mn | 74.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 86.63 Mn |
| Mar 31, 2026 | 80.82 Mn |
| Dec 31, 2025 | 107.74 Mn |
| Sep 30, 2025 | 81.15 Mn |
| Jun 30, 2025 | 72.41 Mn |
| Mar 31, 2025 | 70.71 Mn |
| Dec 31, 2024 | 71.39 Mn |
| Sep 30, 2024 | 67.96 Mn |
| Jun 30, 2024 | 101.41 Mn |
| Mar 31, 2024 | 101.63 Mn |
| Dec 31, 2023 | 100.88 Mn |
| Sep 30, 2023 | 101.37 Mn |
| Jun 30, 2023 | 100.95 Mn |
| Mar 31, 2023 | 101.14 Mn |
| Dec 31, 2022 | 102.70 Mn |
| Sep 30, 2022 | 96.71 Mn |
| Jun 30, 2022 | 94.18 Mn |
| Mar 31, 2022 | 96.44 Mn |
| Dec 31, 2021 | 96.15 Mn |
| Sep 30, 2021 | 91.19 Mn |