Formula Systems (1985) (FORTY) Research & Development (2009 - 2026)
Formula Systems (1985) (FORTY) reported Research & Development of $5.2 billion for Q1 2026, up 7.44% on a YoY basis from $4.8 billion in Q1 2025, and up 97668.11% quarter-over-quarter from $5.3 million in Q4 2025.
Formula Systems (1985) (FORTY) Research & Development (2009 - 2026) Analysis & Trends
Formula Systems (1985) has reported Research & Development for 18 years, with the latest figure at $5.2 billion in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 7.44% year-over-year to $5.2 billion; the trailing twelve-month figure through Mar 2026 stood at $10.0 billion (down 61.23% YoY), and the FY2025 full-year result was $20.0 million, up 10.77% from the prior year.
- Research & Development for Q1 2026 stood at $5.2 billion, up from $5.3 million in the prior quarter.
- The five-year high for Research & Development was $21.0 billion in Q3 2024, with the low at $5.3 million in Q4 2025.
- Historically, Research & Development has averaged $7.9 billion across 5 years, with a median of $2.4 billion in 2025.
- Annual changes were most pronounced in 2022 — Research & Development jumped 112626.3% — and 2024, when it slumped 99.97%.
- Formula Systems (1985)'s Research & Development stood at $18.9 billion in 2022, then rose by 4.67% to $19.7 billion in 2023, then tumbled by 99.97% to $6.2 million in 2024, then retreated by 15.14% to $5.3 million in 2025, then soared by 97668.11% to $5.2 billion in 2026.
- The last three Research & Development figures came in at $5.2 billion (Q1 2026), $5.3 million (Q4 2025), and $23.8 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | 5.32 Bn |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | 2.17 Bn |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | - |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | - |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | - |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | - |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | - |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | - |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | - |
| 10 | Formula Systems (1985) | 293,580.00 | -1.18 Bn | 146.04 Bn | 5.17 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.17 Bn |
| Dec 31, 2025 | 5.29 Mn |
| Jun 30, 2025 | 23.82 Mn |
| Mar 31, 2025 | 4.81 Bn |
| Dec 31, 2024 | 6.23 Mn |
| Sep 30, 2024 | 20.98 Bn |
| Jun 30, 2024 | 20.43 Mn |
| Mar 31, 2024 | 20.22 Mn |
| Dec 31, 2023 | 19.75 Bn |
| Sep 30, 2023 | 19.70 Bn |
| Jun 30, 2023 | 19.21 Bn |
| Mar 31, 2023 | 19.31 Mn |
| Dec 31, 2022 | 18.87 Bn |
| Sep 30, 2022 | 18.06 Bn |
| Jun 30, 2022 | 17.85 Mn |
| Mar 31, 2022 | 17.35 Mn |
| Dec 31, 2021 | 16.74 Mn |
| Sep 30, 2021 | 16.80 Mn |
| Jun 30, 2021 | 16.32 Mn |
| Mar 31, 2021 | 16.00 Mn |