Formula Systems (1985) Ltd. (FORTY) Earnings History
Earnings Pressure28 years of earnings data (1998–2025) · 5-year EPS trend is negative
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Formula Systems (1985) Ltd. (FORTY) Earnings Overview
As of June 23, 2026, Formula Systems (1985) Ltd. (FORTY) reported trailing twelve-month net income of $610M, reflecting -64.6% year-over-year growth. The company earned $38.53 per diluted share over the past four quarters, with a net profit margin of 1.1%.
Looking at the long-term picture, FORTY's 5-year EPS compound annual growth rate (CAGR) stands at -9.8%, signaling declining earnings. The company achieved its highest annual net income of $93M in fiscal 2019.
Formula Systems (1985) Ltd. maintains positive profitability with a gross margin of 17.0%, operating margin of 7.1%, and net margin of 1.1%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including NICE ($529M net income, 20.8% margin), CHKP ($1.06B net income, 38.8% margin), MNDY ($119M net income, 9.6% margin), FORTY has room to improve margins relative to the peer group. Compare FORTY vs NICE →
FORTY Earnings vs Peers
Earnings metrics vs comparable public companies
FORTY Historical Earnings Data (1998–2025)
28 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $28M | -64.4% | $189M | $1.80 | 1.1% | 7.1% |
| 2024 | $80M | +24.5% | $271M | $5.09 | 2.9% | 9.8% |
| 2023 | $64M | -21.4% | $239M | $4.12 | 2.4% | 9.1% |
| 2022 | $81M | +49.1% | $277M | $5.21 | 3.2% | 10.8% |
| 2021 | $55M | +16.7% | $208M | $3.50 | 2.3% | 8.6% |
| 2020 | $47M | -49.5% | $171M | $3.01 | 2.4% | 8.8% |
| 2019 | $93M | +187.6% | $52M | $6.04 | 5.4% | 3.0% |
| 2018 | $32M | +188.0% | $110M | $2.07 | 2.2% | 7.3% |
| 2017 | $11M | -50.2% | $74M | $0.74 | 0.8% | 5.4% |
| 2016 | $22M | +16.2% | $89M | $1.49 | 2.0% | 8.0% |
| 2015 | $19M | -74.3% | $55M | $1.31 | 2.4% | 6.8% |
| 2014 | $75M | -2.4% | $35M | $5.19 | 11.8% | 5.5% |
| 2013 | $77M | +220.0% | $62M | $5.38 | 9.7% | 7.7% |
| 2012 | $24M | -44.1% | $57M | $1.72 | 3.2% | 7.7% |
| 2011 | $43M | +133.8% | $49M | $3.11 | 6.7% | 7.7% |
| 2010 | $18M | -3.7% | $47M | $1.36 | 3.3% | 8.5% |
| 2009 | $19M | +60.7% | $35M | $1.40 | 4.1% | 7.5% |
| 2008 | $12M | -68.1% | $33M | $0.88 | 2.0% | 5.6% |
| 2007 | $37M | +272.0% | $27M | $2.79 | 7.6% | 5.5% |
| 2006 | $10M | +5372.7% | $19M | $0.73 | 2.0% | 4.0% |
| 2005 | $183,000 | -97.7% | $16M | $0.01 | 0.0% | 3.1% |
| 2004 | $8M | +159.6% | $18M | $0.65 | 1.8% | 4.0% |
| 2003 | $3M | +229.7% | $12M | $0.24 | 0.9% | 3.2% |
| 2002 | -$2M | +95.7% | -$7M | $-0.24 | -0.8% | -2.4% |
| 2001 | -$56M | -240.1% | -$38M | $-6.01 | -14.9% | -10.2% |
| 2000 | $40M | -13.3% | $13M | $4.27 | 9.9% | 3.1% |
| 1999 | $46M | +73.6% | $32M | $4.93 | 13.8% | 9.6% |
| 1998 | $27M | - | $26M | $3.12 | 10.3% | 9.9% |
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FORTY — Frequently Asked Questions
Quick answers to the most common questions about buying FORTY stock.
What is FORTY earnings per share (EPS)?
FORTY trailing twelve-month (TTM) diluted EPS is $38.53, reflecting -64.6% year-over-year growth. The 5-year EPS CAGR is -9.8%. Complete EPS history from 1998 to 2025 is available in the table on this page.
What is Formula Systems (1985) Ltd.'s net income?
Formula Systems (1985) Ltd. (FORTY) trailing twelve-month net income is $610M as of 2025. Earnings declined -64.6% year-over-year. Formula Systems (1985) Ltd. has been profitable for 23 consecutive years.
Is FORTY profitable?
Yes, FORTY is profitable with a TTM net income of $610M and a net profit margin of +1.1%. Formula Systems (1985) Ltd. has generated profits for 23 consecutive years.
What is FORTY's earnings growth rate?
FORTY compound annual EPS growth rates (CAGR): 1-Year: -64.6%, 3-Year: -29.8%, 5-Year: -9.8%, 10-Year: +3.2%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1998 to 2025.
What are FORTY's profit margins?
Formula Systems (1985) Ltd. net profit margin is +1.1%, operating margin is +7.1%, and gross margin is +17.0%. Below-average margins reflect competitive or cost pressures. Return on Equity is +1.8%.
Is FORTY growing earnings?
FORTY earnings are declining — EPS fell -64.6% year-over-year. TTM net income dropped to $610M. This contrasts with the 5-year CAGR of -9.8%.
What was FORTY's best earnings year?
Formula Systems (1985) Ltd.'s highest annual net income on record is $93M, achieved in fiscal year 2019. Earnings history on this page spans 1998 to 2025 and includes all annual and quarterly figures.
What were FORTY's earnings last quarter?
FORTY's most recent reported quarter was Q4 2025. Net income was $558M with diluted EPS of $35.25. For a full breakdown of all quarters, see the quarterly earnings table on this page.