Formula Systems (1985) FORTY
NASDAQ FORTY
$129.00 +0.00 (+0.00%)
At close: Sep 8, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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