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

OverviewOwnership Financials Chart

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

Date	Revenue	Change
2023-12-31	$2.62B	1.89%
2022-12-31	$2.57B	6.94%
2021-12-31	$2.41B	24.39%
2020-12-31	$1.93B	13.69%
2019-12-31	$1.70B	13.94%
2018-12-31	$1.49B	10.17%
2017-12-31	$1.36B	22.24%
2016-12-31	$1.11B	38.79%
2015-12-31	$798.80M	25.51%
2014-12-31	$636.42M	-20.12%
2013-12-31	$796.67M	6.97%
2012-12-31	$744.73M	16.25%
2011-12-31	$640.62M	16.54%
2010-12-31	$549.69M	17.11%
2009-12-31	$469.39M	-20.55%
2008-12-31	$590.81M	19.75%
2007-12-31	$493.35M	0.12%
2006-12-31	$492.74M	-2.69%
2005-12-31	$506.37M	10.90%
2004-12-31	$456.61M	24.47%
2003-12-31	$366.83M	29.48%
2002-12-31	$283.31M	-24.84%
2001-12-31	$376.92M	-7.10%
2000-12-31	$405.74M	20.94%
1999-12-31	$335.49M	29.63%
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

Date	Revenue	Change
2024-03-31	$698.40M	9.08%
2023-12-31	$640.29M	-2.22%
2023-09-30	$654.84M	-0.08%
2023-06-30	$655.37M	-2.24%
2023-03-31	$670.40M	5.76%
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	$658.74M	12.36%
2021-09-30	$586.26M	-0.28%
2021-06-30	$587.88M	2.66%
2021-03-31	$572.64M	5.41%
2020-12-31	$543.24M	11.47%
2020-09-30	$487.34M	11.50%
2020-06-30	$437.06M	-6.26%
2020-03-31	$466.27M	4.03%
2019-12-31	$448.20M	23.67%
2019-09-30	$362.43M	-12.15%
2019-06-30	$412.57M	5.42%
2019-03-31	$391.35M	-0.60%
2018-12-31	$393.70M	8.63%
2018-09-30	$362.43M	-0.29%
2018-06-30	$363.48M	-2.65%
2018-03-31	$373.38M	1.87%
2017-12-31	$366.54M	5.14%
2017-09-30	$348.63M	5.94%
2017-06-30	$329.09M	5.86%
2017-03-31	$310.88M	2.83%
2016-12-31	$302.31M	6.05%
2016-09-30	$285.08M	10.05%
2016-06-30	$259.06M	-1.19%
2016-03-31	$262.17M	27.31%
2015-12-31	$205.94M	4.96%
2015-09-30	$196.20M	-0.29%
2015-06-30	$196.78M	28.31%
2014-09-30	$153.36M	3.96%
2014-06-30	$147.52M	-25.23%
2013-09-30	$197.28M	-1.93%
2013-06-30	$201.16M	10.51%
2012-09-30	$182.03M	-2.20%
2012-06-30	$186.12M	15.25%
2011-09-30	$161.50M	-2.64%
2011-06-30	$165.88M	23.98%
2010-09-30	$133.79M	1.57%
2010-06-30	$131.72M	11.83%
2009-09-30	$117.79M	-11.34%
2009-06-30	$132.86M	-11.28%
2008-09-30	$149.74M	-1.15%
2008-06-30	$151.48M	21.50%
2007-09-30	$124.68M	-0.05%
2007-06-30	$124.74M	-13.22%
2006-09-30	$143.74M	4.45%
2006-06-30	$137.61M	8.82%
2005-09-30	$126.45M	0.07%
2005-06-30	$126.36M	14.81%
2004-09-30	$110.05M	-0.19%
2004-06-30	$110.27M	19.25%
2003-09-30	$92.46M	2.88%
2003-06-30	$89.87M	36.25%
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	$105.97M	9.65%
2000-06-30	$96.65M	13.70%
1999-09-30	$85.00M	4.94%
1999-06-30	$81.00M	9.61%
1998-09-30	$73.90M	26.11%
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/Service	Dec 23	Dec 22	Dec 21	Dec 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

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 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

Country	Dec 18	Sep 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

Ticker	Company	Last Year Revenue	Last Quarter Revenue
FORTY	Formula Systems (1985)	$2.62B	$698.40M
ALYA	Alithya Group	$522.70M	$120.50M
HCKT	Hackett Group	$296.59M	$79.78M
III	Information Services Group	$291.05M	$61.28M
NYAX	Nayax	$239.19M	$63.39M
CSPI	CSP	$64.65M	$13.11M

FORTY Revenue FAQ

What is Formula Systems (1985)’s yearly revenue?

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.

What is Formula Systems (1985)’s quarterly revenue?

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).

What is Formula Systems (1985)’s revenue growth rate?

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%.

What are Formula Systems (1985)’s revenue streams?

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.

What is Formula Systems (1985)’s main source of revenue?

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.