Formula Systems (1985) (FORTY) Tax Rate (2009 - 2026)
Formula Systems (1985) (FORTY) posted quarterly Tax Rate of 19.76% for Q1 2026, down 574.0% year-on-year 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 reported Tax Rate for 18 consecutive years, with 19.76% the latest figure, recorded 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 declined to 19.76% in Q1 2026 per FORTY's latest filing, from 37.16% in the prior quarter.
- Over the last five years, Tax Rate for FORTY reached as high as 37.16% in Q4 2025 and fell as low as 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 soared 1074 bps — and 2026, when it sank 574 bps.
- Year by year, Tax Rate stood at 20.47% in 2022, then advanced by 2 bps to 20.96% in 2023, then gained by 26 bps to 26.41% in 2024, then surged by 41 bps to 37.16% in 2025, then tumbled by 47 bps to 19.76% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 19.76%, 37.16%, and 25.02% for Q1 2026, Q4 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 12.63% |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 24.19% |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | -8.48% |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | 29.49% |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | 28.00% |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | 40.93% |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | 23.99% |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | -22.49% |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | 18.88% |
| 10 | Formula Systems (1985) | 1.63 Bn | 883.74 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% |