Formula Systems (1985) (FORTY) Operating Leases (2016 - 2026)

Formula Systems (1985) (FORTY) posted quarterly Operating Leases of $105.8 million for Q1 2026, down 10.1% year-on-year from $117.6 million in Q1 2025, and down 1.89% on a QoQ basis from $107.8 million in Q4 2025.

Formula Systems (1985) (FORTY) Operating Leases (2016 - 2026) Analysis & Trends

Formula Systems (1985) (FORTY) has reported Operating Leases for 9 consecutive years, with $105.8 million the latest figure, recorded in Q1 2026.

  • Quarterly Operating Leases fell 10.1% year-over-year to $105.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $105.8 million (down 10.1% YoY) and the FY2025 annual result came in at $107.8 million, down 9.85% from the prior year.
  • Operating Leases retreated to $105.8 million in Q1 2026 per FORTY's latest filing, from $107.8 million in the prior quarter.
  • Over the last five years, Operating Leases for FORTY reached as high as $132.5 million in Q2 2025 and fell as low as $68.9 million in Q2 2022.
  • A 5-year average of $94.1 million and a median of $83.3 million in 2024 frame the typical range for Operating Leases.
  • Annual changes were most pronounced in 2022 — Operating Leases slipped 17.35% — and 2025, when it soared 66.18%.
  • Year by year, Operating Leases stood at $79.0 million in 2022, then increased by 7.18% to $84.6 million in 2023, then soared by 41.29% to $119.6 million in 2024, then retreated by 9.85% to $107.8 million in 2025, then decreased by 1.89% to $105.8 million in 2026.
  • According to Business Quant data, Operating Leases over the past three periods registered $105.8 million, $107.8 million, and $112.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

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

Historic Data

Download Data
DateValue
Mar 31, 2026 105.76 Mn
Dec 31, 2025 107.81 Mn
Sep 30, 2025 112.45 Mn
Jun 30, 2025 132.55 Mn
Mar 31, 2025 117.65 Mn
Dec 31, 2024 119.59 Mn
Sep 30, 2024 118.83 Mn
Jun 30, 2024 79.76 Mn
Mar 31, 2024 83.27 Mn
Dec 31, 2023 84.64 Mn
Sep 30, 2023 75.58 Mn
Jun 30, 2023 79.54 Mn
Mar 31, 2023 79.42 Mn
Dec 31, 2022 78.97 Mn
Sep 30, 2022 77.09 Mn
Jun 30, 2022 68.94 Mn
Mar 31, 2022 77.94 Mn
Dec 31, 2021 84.84 Mn
Sep 30, 2021 77.66 Mn
Jun 30, 2021 83.41 Mn