Formula Systems (1985) (FORTY) Revenue & Revenue Breakdown


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Formula Systems (1985) Revenue Highlights


Latest Revenue (Y)

$2.62B

Latest Revenue (Q)

$698.40M

Main Segment (Y)

Other Member

Main Geography (Y)

ISRAEL

Formula Systems (1985) Revenue by Period


Formula Systems (1985) Revenue by Year

DateRevenueChange
2023-12-31$2.62B1.89%
2022-12-31$2.57B6.94%
2021-12-31$2.41B24.39%
2020-12-31$1.93B13.69%
2019-12-31$1.70B13.94%
2018-12-31$1.49B10.17%
2017-12-31$1.36B22.24%
2016-12-31$1.11B38.79%
2015-12-31$798.80M25.51%
2014-12-31$636.42M-20.12%
2013-12-31$796.67M6.97%
2012-12-31$744.73M16.25%
2011-12-31$640.62M16.54%
2010-12-31$549.69M17.11%
2009-12-31$469.39M-20.55%
2008-12-31$590.81M19.75%
2007-12-31$493.35M0.12%
2006-12-31$492.74M-2.69%
2005-12-31$506.37M10.90%
2004-12-31$456.61M24.47%
2003-12-31$366.83M29.48%
2002-12-31$283.31M-24.84%
2001-12-31$376.92M-7.10%
2000-12-31$405.74M20.94%
1999-12-31$335.49M29.63%
1998-12-31$258.80M-

Formula Systems (1985) generated $2.62B in revenue during NA 2023, up 1.89% compared to the previous quarter, and up 175.55% compared to the same period a year ago.

Formula Systems (1985) Revenue by Quarter

DateRevenueChange
2024-03-31$698.40M9.08%
2023-12-31$640.29M-2.22%
2023-09-30$654.84M-0.08%
2023-06-30$655.37M-2.24%
2023-03-31$670.40M5.76%
2022-12-31$633.88M-0.38%
2022-09-30$636.31M-1.28%
2022-06-30$644.59M-1.97%
2022-03-31$657.57M-0.18%
2021-12-31$658.74M12.36%
2021-09-30$586.26M-0.28%
2021-06-30$587.88M2.66%
2021-03-31$572.64M5.41%
2020-12-31$543.24M11.47%
2020-09-30$487.34M11.50%
2020-06-30$437.06M-6.26%
2020-03-31$466.27M4.03%
2019-12-31$448.20M23.67%
2019-09-30$362.43M-12.15%
2019-06-30$412.57M5.42%
2019-03-31$391.35M-0.60%
2018-12-31$393.70M8.63%
2018-09-30$362.43M-0.29%
2018-06-30$363.48M-2.65%
2018-03-31$373.38M1.87%
2017-12-31$366.54M5.14%
2017-09-30$348.63M5.94%
2017-06-30$329.09M5.86%
2017-03-31$310.88M2.83%
2016-12-31$302.31M6.05%
2016-09-30$285.08M10.05%
2016-06-30$259.06M-1.19%
2016-03-31$262.17M27.31%
2015-12-31$205.94M4.96%
2015-09-30$196.20M-0.29%
2015-06-30$196.78M28.31%
2014-09-30$153.36M3.96%
2014-06-30$147.52M-25.23%
2013-09-30$197.28M-1.93%
2013-06-30$201.16M10.51%
2012-09-30$182.03M-2.20%
2012-06-30$186.12M15.25%
2011-09-30$161.50M-2.64%
2011-06-30$165.88M23.98%
2010-09-30$133.79M1.57%
2010-06-30$131.72M11.83%
2009-09-30$117.79M-11.34%
2009-06-30$132.86M-11.28%
2008-09-30$149.74M-1.15%
2008-06-30$151.48M21.50%
2007-09-30$124.68M-0.05%
2007-06-30$124.74M-13.22%
2006-09-30$143.74M4.45%
2006-06-30$137.61M8.82%
2005-09-30$126.45M0.07%
2005-06-30$126.36M14.81%
2004-09-30$110.05M-0.19%
2004-06-30$110.27M19.25%
2003-09-30$92.46M2.88%
2003-06-30$89.87M36.25%
2002-09-30$65.96M-7.20%
2002-06-30$71.08M-27.17%
2001-09-30$97.59M-1.07%
2001-06-30$98.65M-6.91%
2000-09-30$105.97M9.65%
2000-06-30$96.65M13.70%
1999-09-30$85.00M4.94%
1999-06-30$81.00M9.61%
1998-09-30$73.90M26.11%
1998-06-30$58.60M-

Formula Systems (1985) generated $698.40M in revenue during Q1 2024, up 9.08% compared to the previous quarter, and up 110.18% compared to the same period a year ago.

Formula Systems (1985) Revenue Breakdown


Formula Systems (1985) Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20
Adjustments Member$-7.74M$-167.58M--
Other Member$157.19M$267.77M--
ZAPGroupMember--$-51.64M-
AdjustmentsMember--$98.97M$-86.14M
MichpalMember--$-32.09M-
OtherMember--$-127.64M$144.47M
SapiensMember--$-461.04M$382.90M
MatrixMember--$-1.35B$1.12B
MagicSoftwareMember--$-480.32M$371.19M

Formula Systems (1985)'s latest annual revenue breakdown by segment (product or service), as of Dec 23: Other Member (105.18%), and Adjustments Member (-5.18%).

Formula Systems (1985) Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
JAPAN$11.88M----
ISRAEL$1.60B----
Africa$26.04M----
Europe$315.08M----
ZIMBABWE$22.23M----
UNITED STATES$644.92M----
America Member-$680.33M---
AfricaianMember--$18.01M$11.70M-
AmericaMember--$591.79M$501.79M-
EuropeanMember--$255.68M$189.15M-
IsraelCountryMember--$1.51B$1.20B-
OtherMainlyAsiaPacificMember--$19.43M$13.89M-
JapanCountryMember--$12.89M$14.28M-
Africaian----$15.34M
European----$145.56M
Other (mainly Asia pacific)----$15.22M

Formula Systems (1985)'s latest annual revenue breakdown by geography, as of Dec 23: ISRAEL (61.08%), UNITED STATES (24.61%), Europe (12.02%), Africa (0.99%), ZIMBABWE (0.85%), and JAPAN (0.45%).

Quarterly Revenue by Country

CountryDec 18Sep 18
Magic Software$71.15M$71.99M

Formula Systems (1985)'s latest quarterly revenue breakdown by geography, as of Dec 18: Magic Software (100.00%).

Formula Systems (1985) Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
FORTYFormula Systems (1985)$2.62B$698.40M
ALYAAlithya Group$522.70M$120.50M
HCKTHackett Group$296.59M$77.66M
IIIInformation Services Group$291.05M$64.26M
NYAXNayax$239.19M$63.39M
CSPICSP$64.65M$13.11M

FORTY Revenue FAQ


Formula Systems (1985)'s yearly revenue for 2023 was $2.62B, representing an increase of 1.89% compared to 2022. The company's yearly revenue for 2022 was $2.57B, representing an increase of 6.94% compared to 2021. FORTY's yearly revenue for 2021 was $2.41B, representing an increase of 24.39% compared to 2020.

Formula Systems (1985)'s quarterly revenue for Q1 2024 was $698.4M, a 9.08% increase from the previous quarter (Q4 2023), and a 4.18% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $640.29M, a -2.22% decrease from the previous quarter (Q3 2023), and a 1.01% increase year-over-year (Q4 2022). FORTY's quarterly revenue for Q3 2023 was $654.84M, a -0.08% decrease from the previous quarter (Q2 2023), and a 2.91% increase year-over-year (Q3 2022).

Formula Systems (1985)'s revenue growth rate for the last 3 years (2021-2023) was 8.95%, and for the last 5 years (2019-2023) was 54.07%.

Formula Systems (1985)'s revenue streams in c 23 are Adjustments Member, and Other Member. Adjustments Member generated $-7.741M in revenue, accounting -5.18% of the company's total revenue, down -95.38% year-over-year. Other Member generated $157.19M in revenue, accounting 105.18% of the company's total revenue, down -41.30% year-over-year.

For the fiscal year ending Dec 23, the largest source of revenue of Formula Systems (1985) was Other Member. This segment made a revenue of $157.19M, representing 105.18% of the company's total revenue.