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
DateValue
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