Formula Systems (1985) (FORTY) Tax Rate (2009 - 2026)
Formula Systems (1985) (FORTY) reported Tax Rate of 19.76% for Q1 2026, down 574.0% on a YoY basis from 4.17% in Q1 2025, and down 46.83% quarter-over-quarter from 37.16% in Q4 2025.
Formula Systems (1985) (FORTY) Tax Rate (2009 - 2026) Analysis & Trends
Formula Systems (1985) has reported Tax Rate for 18 years, with the latest figure at 19.76% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 574.0% year-over-year to 19.76%; the trailing twelve-month figure through Mar 2026 stood at 21.8% (down 114.0% YoY), and the FY2025 full-year result was 27.64%, up 323.0% from the prior year.
- Tax Rate for Q1 2026 stood at 19.76%, down from 37.16% in the prior quarter.
- The five-year high for Tax Rate was 37.16% in Q4 2025, with the low at 19.76% in Q1 2026.
- Historically, Tax Rate has averaged 23.36% across 5 years, with a median of 21.93% in 2022.
- Annual changes were most pronounced in 2025 — Tax Rate surged 1074 bps — and 2026, when it slumped 574 bps.
- Formula Systems (1985)'s Tax Rate stood at 20.47% in 2022, then increased by 2 bps to 20.96% in 2023, then grew by 26 bps to 26.41% in 2024, then surged by 41 bps to 37.16% in 2025, then slumped by 47 bps to 19.76% in 2026.
- The last three Tax Rate figures came in at 19.76% (Q1 2026), 37.16% (Q4 2025), and 25.02% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | 21.23% |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | 12.40% |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | - |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | 24.31% |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | 23.99% |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | 40.93% |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | 18.88% |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | 26.21% |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | 21.91% |
| 10 | Formula Systems (1985) | 293,580.00 | -1.18 Bn | 146.04 Bn | 19.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.76% |
| Mar 31, 2026 | 19.76% |
| Dec 31, 2025 | 37.16% |
| Dec 31, 2025 | 37.16% |
| Jun 30, 2025 | 25.02% |
| Jun 30, 2025 | 25.02% |
| Mar 31, 2025 | 25.49% |
| Mar 31, 2025 | 25.49% |
| Dec 31, 2024 | 26.41% |
| Dec 31, 2024 | 26.41% |
| Sep 30, 2024 | 21.25% |
| Sep 30, 2024 | 21.25% |
| Jun 30, 2024 | 22.30% |
| Jun 30, 2024 | 22.30% |
| Mar 31, 2024 | 23.62% |
| Mar 31, 2024 | 23.62% |
| Dec 31, 2023 | 20.96% |
| Dec 31, 2023 | 20.96% |
| Sep 30, 2023 | 24.09% |
| Sep 30, 2023 | 24.09% |