Formula Systems (1985) (FORTY) Tax Rate (2009 - 2026)
Formula Systems (1985)'s (FORTY) quarterly Tax Rate came in at 19.76% in Q1 2026, down 574.0% YoY from 4.17% in Q1 2025, and down 46.83% on a QoQ basis from 37.16% in Q4 2025.
Formula Systems (1985) (FORTY) Tax Rate (2009 - 2026) Analysis & Trends
Formula Systems (1985) (FORTY) has 18 years of Tax Rate data on file, last reported at 19.76% in Q1 2026.
- Quarterly Tax Rate fell 574.0% year-over-year to 19.76% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.8% (down 114.0% YoY) and the FY2025 annual result came in at 27.64%, up 323.0% from the prior year.
- Tax Rate retreated to 19.76% in Q1 2026, from 37.16% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 37.16% in Q4 2025 to a low of 19.76% in Q1 2026.
- A 5-year average of 23.36% and a median of 21.93% in 2022 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2025 — Tax Rate surged 1074 bps — and 2026, when it slumped 574 bps.
- Tracing FORTY's Tax Rate over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 222.17 Bn | 210.81 Bn | 9.91 Bn | 12.63% |
| 2 | Accenture | 113.08 Bn | 102.91 Bn | 6.13 Bn | 24.19% |
| 3 | Infosys | 48.61 Bn | 48.61 Bn | 1.60 Bn | 29.49% |
| 4 | Cgi | 33.08 Bn | 32.62 Bn | - | 26.62% |
| 5 | Cognizant Technology Solutions | 28.83 Bn | 27.78 Bn | 1.83 Bn | 26.40% |
| 6 | Fidelity National Information Services | 21.35 Bn | 20.61 Bn | 1.17 Bn | 21.36% |
| 7 | Broadridge Financial Solutions | 21.18 Bn | 20.78 Bn | 853.00 Mn | 23.74% |
| 8 | Wipro | 19.66 Bn | 18.59 Bn | 738.00 Mn | -22.49% |
| 9 | Leidos Holdings | 17.81 Bn | 17.07 Bn | 817.00 Mn | 21.06% |
| 10 | Formula Systems (1985) | 1.78 Bn | 597.45 Mn | 146.04 Bn | 19.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.76% |
| Mar 31, 2026 | 19.76% |
| Mar 31, 2026 | 19.76% |
| Dec 31, 2025 | 37.16% |
| Dec 31, 2025 | 37.16% |
| Dec 31, 2025 | 37.16% |
| Jun 30, 2025 | 25.02% |
| Jun 30, 2025 | 25.02% |
| Jun 30, 2025 | 25.02% |
| Mar 31, 2025 | 25.49% |
| Mar 31, 2025 | 25.49% |
| Mar 31, 2025 | 25.49% |
| Dec 31, 2024 | 26.41% |
| Dec 31, 2024 | 26.41% |
| Dec 31, 2024 | 26.41% |
| Sep 30, 2024 | 21.25% |
| Sep 30, 2024 | 21.25% |
| Sep 30, 2024 | 21.25% |
| Jun 30, 2024 | 22.30% |
| Jun 30, 2024 | 22.30% |