Formula Systems (1985) (FORTY) Operating Margin (2009 - 2026)
Formula Systems (1985)'s (FORTY) quarterly Operating Margin came in at 0.0% in Q2 2026, little changed on a YoY basis from 0.0% in Q2 2025, and down 100.0% quarter-over-quarter from 8.83% in Q1 2026.
Analysis
Formula Systems (1985) (FORTY) Operating Margin (2009 - 2026) Analysis & Trends
Formula Systems (1985) (FORTY) has reported Operating Margin for 18 consecutive years, with 0.0% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin changed 0.0% year-over-year to 0.0%; the trailing twelve-month figure through Jun 2026 stood at 5.2% (down 83.0% YoY), and the FY2025 full-year result was 7.12%, down 545.0% from the prior year.
- Operating Margin retreated to 0.0% in Q2 2026 per FORTY's latest filing, from 8.83% in the prior quarter.
- Across five years, Operating Margin topped out at 9.74% in Q2 2024 and bottomed at 0.0% in Q2 2025.
- Historically, Operating Margin has averaged 7.61% across 5 years, with a median of 8.92% in 2023.
- The sharpest annual moves came in 2022 and 2025: Operating Margin jumped 84 bps in 2022, then sank 974 bps in 2025.
- Over 5 years, Operating Margin stood at 9.16% in 2022, then climbed by 3 bps to 9.42% in 2023, then declined by 5 bps to 8.94% in 2024, then slumped by 49 bps to 4.57% in 2025, then tumbled by 100 bps to 0.0% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 0.0%, 8.83%, and 4.57% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.97 Bn | 44.97 Bn | 1.60 Bn | 21.09% |
| 2 | Cognizant Technology Solutions | 27.17 Bn | 26.12 Bn | 1.83 Bn | 15.95% |
| 3 | Cgi | 15.39 Bn | 14.81 Bn | - | - |
| 4 | EPAM Systems | 5.98 Bn | 5.19 Bn | 429.57 Mn | 10.76% |
| 5 | Science Applications International | 5.46 Bn | 5.34 Bn | 239.00 Mn | 8.09% |
| 6 | ExlService Holdings | 5.28 Bn | 5.00 Bn | 225.96 Mn | 14.68% |
| 7 | Kyndryl Holdings | 2.79 Bn | 680.69 Mn | 776.00 Mn | 4.04% |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 0.00% |
| 9 | DXC Technology | 1.80 Bn | -204.47 Mn | 611.00 Mn | -71.59% |
| 10 | Innodata | 1.78 Bn | 1.53 Bn | 42.46 Mn | 17.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.00% |
| Mar 31, 2026 | 8.83% |
| Dec 31, 2025 | 4.57% |
| Sep 30, 2025 | 7.83% |
| Jun 30, 2025 | 0.00% |
| Mar 31, 2025 | 8.00% |
| Dec 31, 2024 | 8.94% |
| Sep 30, 2024 | 7.46% |
| Jun 30, 2024 | 9.74% |
| Mar 31, 2024 | 8.96% |
| Dec 31, 2023 | 9.42% |
| Sep 30, 2023 | 8.89% |
| Jun 30, 2023 | 9.15% |
| Mar 31, 2023 | 9.07% |
| Dec 31, 2022 | 9.16% |
| Sep 30, 2022 | 9.17% |
| Jun 30, 2022 | 8.69% |
| Mar 31, 2022 | 9.13% |
| Dec 31, 2021 | 9.06% |
| Sep 30, 2021 | 8.61% |