Formula Systems (1985) (FORTY) Operating Income (2009 - 2026)
Formula Systems (1985)'s Operating Income was $71.65 million in Q2 2026, up 41.3% from $50.71 million a year earlier but down 12.6% from the prior quarter.
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Analysis
Formula Systems (1985) (FORTY) Operating Income (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Formula Systems (1985)'s Operating Income was $249.8 million through Jun 30, 2026, up 26.5% year-over-year; for FY2025, it came in at $196.38 million, up 7.1% from FY2024.
- Operating Income shows a five-year compound annual growth rate of 2.8% (FY2020 to FY2025).
- In earlier years, Operating Income was $183.33 million in FY2024 (+16.0%), $158.04 million in FY2023 (-42.9%), $276.64 million in FY2022 (+33.0%) and $208.02 million in FY2021 (+21.9%).
- Quarterly Operating Income has moved between $41.59 million (Q4 2025) and $99.54 million (Q2 2022) over five years.
- Compared with a year earlier, Operating Income was higher in three of the last eight quarters, with growth averaging 3.2%.
- The best year-over-year quarter for Operating Income over five years was Q2 2022 (growth of 97.0%); the worst was Q2 2023 (a decline of 39.7%).
- Per Business Quant data, FORTY's Operating Income in the three quarters before Q2 2026 was $82.01 million (Q1 2026), $41.59 million (Q4 2025) and $54.55 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 52.40 Bn | 38.90 Bn | 1.60 Bn | 1.07 Bn |
| 2 | Cognizant Technology Solutions | 32.46 Bn | 25.62 Bn | 1.83 Bn | 874.00 Mn |
| 3 | Wipro | 22.47 Bn | 17.61 Bn | 745.00 Mn | 424.00 Mn |
| 4 | Cdw | 20.15 Bn | 18.14 Bn | 1.32 Bn | 428.60 Mn |
| 5 | Td Synnex | 19.94 Bn | 14.10 Bn | 1.43 Bn | 642.88 Mn |
| 6 | Cgi | 17.74 Bn | 15.53 Bn | - | - |
| 7 | Arrow Electronics | 11.21 Bn | 10.16 Bn | 1.13 Bn | 377.33 Mn |
| 8 | Avnet | 7.65 Bn | 6.83 Bn | 865.03 Mn | 231.04 Mn |
| 9 | EPAM Systems | 7.01 Bn | 2.65 Bn | 429.57 Mn | 152.22 Mn |
| 10 | Formula Systems (1985) | 1.83 Bn | -1.52 Bn | 158.43 Mn | 71.65 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 71.65 Mn |
| Mar 31, 2026 | 82.01 Mn |
| Dec 31, 2025 | 41.59 Mn |
| Sep 30, 2025 | 54.55 Mn |
| Jun 30, 2025 | 50.71 Mn |
| Mar 31, 2025 | 49.52 Mn |
| Dec 31, 2024 | 48.06 Mn |
| Sep 30, 2024 | 49.23 Mn |
| Jun 30, 2024 | 65.04 Mn |
| Mar 31, 2024 | 62.59 Mn |
| Dec 31, 2023 | 60.34 Mn |
| Sep 30, 2023 | 58.25 Mn |
| Jun 30, 2023 | 59.98 Mn |
| Mar 31, 2023 | 60.79 Mn |
| Dec 31, 2022 | 60.18 Mn |
| Sep 30, 2022 | 57.53 Mn |
| Jun 30, 2022 | 99.54 Mn |
| Mar 31, 2022 | 59.40 Mn |
| Dec 31, 2021 | 59.57 Mn |
| Sep 30, 2021 | 50.45 Mn |
API Access
Formula Systems (1985) Operating Income 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=operating-income&ticker=FORTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=FORTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();