Formula Systems (1985) (FORTY) Research & Development (2009 - 2026)

Formula Systems (1985) (FORTY) posted quarterly Research & Development of $5.2 billion for Q1 2026, up 7.44% year-on-year from $4.8 billion in Q1 2025, and up 97668.11% on a QoQ basis from $5.3 million in Q4 2025.

Formula Systems (1985) (FORTY) Research & Development (2009 - 2026) Analysis & Trends

Formula Systems (1985) (FORTY) has reported Research & Development for 18 consecutive years, with $5.2 billion the latest figure, recorded in Q1 2026.

  • Quarterly Research & Development rose 7.44% year-over-year to $5.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $10.0 billion (down 61.23% YoY) and the FY2025 annual result came in at $20.0 million, up 10.77% from the prior year.
  • Research & Development advanced to $5.2 billion in Q1 2026 per FORTY's latest filing, from $5.3 million in the prior quarter.
  • Over the last five years, Research & Development for FORTY reached as high as $21.0 billion in Q3 2024 and fell as low as $5.3 million in Q4 2025.
  • A 5-year average of $7.9 billion and a median of $2.4 billion in 2025 frame the typical range for Research & Development.
  • Annual changes were most pronounced in 2022 — Research & Development surged 112626.3% — and 2024, when it sank 99.97%.
  • Year by year, Research & Development stood at $18.9 billion in 2022, then climbed by 4.67% to $19.7 billion in 2023, then plunged by 99.97% to $6.2 million in 2024, then dropped by 15.14% to $5.3 million in 2025, then soared by 97668.11% to $5.2 billion in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $5.2 billion, $5.3 million, and $23.8 million for Q1 2026, Q4 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 International Business Machines 193.88 Bn 178.95 Bn 9.91 Bn 2.31 Bn
2 Accenture 84.94 Bn 75.26 Bn 6.13 Bn 1.81 Bn
3 GDS Holdings 50.55 Bn 48.40 Bn 164.04 Mn -1.39 Mn
4 Infosys 44.05 Bn 44.79 Bn 1.60 Bn 270.00 Mn
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 -174.00 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 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