Formula Systems (1985) (FORTY) Payables (2009 - 2026)
Formula Systems (1985)'s (FORTY) quarterly Payables came in at $371.7 million in Q2 2026, up 26.05% on a YoY basis from $294.9 million in Q2 2025, and up 1.23% quarter-over-quarter from $367.1 million in Q1 2026.
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Analysis
Formula Systems (1985) (FORTY) Payables (2009 - 2026) Analysis & Trends
Formula Systems (1985) (FORTY) has reported Payables for 18 consecutive years, with $371.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Payables rose 26.05% year-over-year to $371.7 million; the trailing twelve-month figure through Jun 2026 stood at $371.7 million (up 26.05% YoY), and the FY2025 full-year result was $376.2 million, up 27.01% from the prior year.
- Payables grew to $371.7 million in Q2 2026 per FORTY's latest filing, from $367.1 million in the prior quarter.
- Across five years, Payables topped out at $376.2 million in Q4 2025 and bottomed at $183.9 million in Q2 2022.
- Historically, Payables has averaged $256.8 million across 5 years, with a median of $229.4 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Payables jumped 48.16% in 2022, then retreated 5.52% in 2023.
- Over 5 years, Payables stood at $222.5 million in 2022, then rose by 16.26% to $258.6 million in 2023, then grew by 14.52% to $296.2 million in 2024, then climbed by 27.01% to $376.2 million in 2025, then dropped by 1.21% to $371.7 million in 2026.
- According to Business Quant data, Payables over the past three periods registered $371.7 million, $367.1 million, and $376.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.17 Bn | 44.22 Bn | 1.60 Bn | 463.39 Mn |
| 2 | Cognizant Technology Solutions | 26.84 Bn | 25.79 Bn | 1.83 Bn | 390.00 Mn |
| 3 | Cgi | 13.60 Bn | 13.02 Bn | - | 809.53 Mn |
| 4 | EPAM Systems | 5.82 Bn | 5.04 Bn | 429.57 Mn | 41.55 Mn |
| 5 | Science Applications International | 5.60 Bn | 5.47 Bn | 239.00 Mn | - |
| 6 | ExlService Holdings | 5.35 Bn | 5.07 Bn | 225.96 Mn | 6.73 Mn |
| 7 | Kyndryl Holdings | 2.65 Bn | 639.03 Mn | 776.00 Mn | 2.83 Bn |
| 8 | Innodata | 2.10 Bn | 1.85 Bn | 42.46 Mn | 53.04 Mn |
| 9 | Formula Systems (1985) | 1.83 Bn | 1.41 Bn | 158.43 Mn | 371.66 Mn |
| 10 | DXC Technology | 1.74 Bn | 9.39 Mn | 611.00 Mn | 689.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 371.66 Mn |
| Mar 31, 2026 | 367.13 Mn |
| Dec 31, 2025 | 376.21 Mn |
| Sep 30, 2025 | 293.31 Mn |
| Jun 30, 2025 | 294.85 Mn |
| Mar 31, 2025 | 298.12 Mn |
| Dec 31, 2024 | 296.21 Mn |
| Sep 30, 2024 | 226.69 Mn |
| Jun 30, 2024 | 199.12 Mn |
| Mar 31, 2024 | 232.13 Mn |
| Dec 31, 2023 | 258.65 Mn |
| Sep 30, 2023 | 211.50 Mn |
| Jun 30, 2023 | 202.93 Mn |
| Mar 31, 2023 | 194.20 Mn |
| Dec 31, 2022 | 222.48 Mn |
| Sep 30, 2022 | 187.31 Mn |
| Jun 30, 2022 | 183.92 Mn |
| Mar 31, 2022 | 205.54 Mn |
| Dec 31, 2021 | 205.84 Mn |
| Sep 30, 2021 | 151.51 Mn |
API Access
Formula Systems (1985) Payables 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=payables&ticker=FORTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=FORTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();