Formula Systems (1985) (FORTY) Operating Expenses (2009 - 2026)

Formula Systems (1985) (FORTY) posted quarterly Operating Expenses of $80.8 billion for Q1 2026, up 14.3% year-on-year from $70.7 billion in Q1 2025, and up 74907.43% on a QoQ basis from $107.7 million in Q4 2025.

Formula Systems (1985) (FORTY) Operating Expenses (2009 - 2026) Analysis & Trends

Formula Systems (1985) (FORTY) has reported Operating Expenses for 18 consecutive years, with $80.8 billion the latest figure, recorded in Q1 2026.

  • Quarterly Operating Expenses rose 14.3% year-over-year to $80.8 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $81.0 billion (down 54.97% YoY) and the FY2025 annual result came in at $332.0 million, up 23.98% from the prior year.
  • Operating Expenses rose to $80.8 billion in Q1 2026 per FORTY's latest filing, from $107.7 million in the prior quarter.
  • Over the last five years, Operating Expenses for FORTY reached as high as $109.1 billion in Q3 2024 and fell as low as $71.4 million in Q4 2024.
  • A 5-year average of $47.8 billion and a median of $35.4 billion in 2025 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2023 — Operating Expenses surged 107096.02% — and 2024, when it sank 99.93%.
  • Year by year, Operating Expenses stood at $102.7 billion in 2022, then decreased by 1.78% to $100.9 billion in 2023, then plunged by 99.93% to $71.4 million in 2024, then jumped by 50.93% to $107.7 million in 2025, then surged by 74907.43% to $80.8 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $80.8 billion, $107.7 million, and $117.6 million for Q1 2026, Q4 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 International Business Machines 193.88 Bn 178.95 Bn 9.91 Bn 7.29 Bn
2 Accenture 84.94 Bn 75.26 Bn 6.13 Bn 15.54 Bn
3 GDS Holdings 50.55 Bn 48.40 Bn 164.04 Mn -27.00 Mn
4 Infosys 44.05 Bn 44.79 Bn 1.60 Bn 528.00 Mn
5 Cgi 41.25 Bn 40.60 Bn - 29.83 Mn
6 Fidelity National Information Services 20.63 Bn 19.87 Bn 1.11 Bn 605.00 Mn
7 Cognizant Technology Solutions 20.39 Bn 18.87 Bn 1.78 Bn 791.00 Mn
8 Wipro 18.65 Bn 17.52 Bn 738.00 Mn 2.23 Bn
9 Broadridge Financial Solutions 16.79 Bn 16.48 Bn 626.90 Mn 1.59 Bn
10 Formula Systems (1985) 1.63 Bn 883.74 Mn 146.04 Bn 80.82 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 80.82 Bn
Dec 31, 2025 107.74 Mn
Jun 30, 2025 117.61 Mn
Mar 31, 2025 70.71 Bn
Dec 31, 2024 71.39 Mn
Sep 30, 2024 109.08 Bn
Jun 30, 2024 101.41 Mn
Mar 31, 2024 101.63 Mn
Dec 31, 2023 100.88 Bn
Sep 30, 2023 101.37 Bn
Jun 30, 2023 100.95 Bn
Mar 31, 2023 101.14 Mn
Dec 31, 2022 102.70 Bn
Sep 30, 2022 96.71 Bn
Jun 30, 2022 94.18 Mn
Mar 31, 2022 96.44 Mn
Dec 31, 2021 96.15 Mn
Sep 30, 2021 91.19 Mn
Jun 30, 2021 90.41 Mn
Mar 31, 2021 78.10 Mn