Formula Systems (1985) (FORTY) Tax Rate (2009 - 2026)
Formula Systems (1985) (FORTY) recorded Tax Rate of 21.30% in Q2 2026, down 6.07 percentage points from 27.38% a year earlier but up 1.55 percentage points from the prior quarter.
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Analysis
Formula Systems (1985) (FORTY) Tax Rate (2009 - 2026) Analysis & Trends
On a TTM basis, Formula Systems (1985)'s Tax Rate came in at 23.16% as of Jun 30, 2026, down 2.20 percentage points year-over-year; for FY2025, it was 27.64%, up 3.23 percentage points from FY2024.
- Annual Tax Rate has increased for three straight years, with a five-year change of +5.89 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 24.41% in FY2024 (+0.52 pp), 23.89% in FY2023 (+2.37 pp), 21.52% in FY2022 (-1.64 pp) and 23.16% in FY2021 (+1.41 pp).
- Quarterly Tax Rate has ranged from 19.76% in Q1 2026 to 37.16% in Q4 2025 over the past five years.
- On a year-over-year basis, Tax Rate rose in five of the last eight quarters, with an average year-over-year change of +1.67 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 10.74 percentage points in Q4 2025, against a drop of 6.07 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 19.76% (Q1 2026), 37.16% (Q4 2025) and 26.13% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 54.39 Bn | 40.89 Bn | 1.60 Bn | 29.49% |
| 2 | Cognizant Technology Solutions | 34.33 Bn | 27.49 Bn | 1.83 Bn | 26.40% |
| 3 | Wipro | 22.89 Bn | 18.03 Bn | 745.00 Mn | - |
| 4 | Cdw | 21.00 Bn | 18.98 Bn | 1.32 Bn | 26.55% |
| 5 | Td Synnex | 19.58 Bn | 13.74 Bn | 1.43 Bn | 25.04% |
| 6 | Cgi | 18.28 Bn | 16.07 Bn | - | 26.62% |
| 7 | Arrow Electronics | 10.72 Bn | 9.67 Bn | 1.13 Bn | 22.74% |
| 8 | Avnet | 7.27 Bn | 6.45 Bn | 865.03 Mn | 20.97% |
| 9 | EPAM Systems | 7.20 Bn | 2.84 Bn | 429.57 Mn | 26.73% |
| 10 | Formula Systems (1985) | 1.85 Bn | -1.05 Bn | 158.43 Mn | 21.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.30% |
| Mar 31, 2026 | 19.76% |
| Dec 31, 2025 | 37.16% |
| Sep 30, 2025 | 26.13% |
| Jun 30, 2025 | 27.38% |
| Mar 31, 2025 | 25.49% |
| Dec 31, 2024 | 26.41% |
| Sep 30, 2024 | 22.37% |
| Jun 30, 2024 | 22.30% |
| Mar 31, 2024 | 23.62% |
| Dec 31, 2023 | 20.96% |
| Sep 30, 2023 | 24.09% |
| Jun 30, 2023 | 20.93% |
| Mar 31, 2023 | 21.39% |
| Dec 31, 2022 | 20.47% |
| Sep 30, 2022 | 21.56% |
| Jun 30, 2022 | 22.36% |
| Mar 31, 2022 | 21.02% |
| Dec 31, 2021 | 24.14% |
| Sep 30, 2021 | 21.89% |
API Access
Formula Systems (1985) Tax Rate 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=tax-rate&ticker=FORTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=FORTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();