Formula Systems (1985) Ltd. (TLV:FORTY)

Israel · Delayed Price · Currency is ILS · Price in ILA

38,600

+570 (1.50%)

Mar 13, 2026, 1:44 PM IDT

Revenue by Segment

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015
Matrix	1.51B	1.42B	1.39B	1.35B	1.12B
Matrix Growth	6.24%	1.94%	3.12%	20.43%	11.07%
Sapiens	542.38M	514.58M	474.74M	461.04M	382.90M
Sapiens Growth	5.40%	8.39%	2.97%	20.41%	17.57%
Magic Software	552.52M	535.05M	566.79M	480.33M	371.19M
Magic Software Growth	3.26%	-5.60%	18.00%	29.40%	13.99%
Michpal	42.98M	36.91M	38.02M	32.09M	26.24M
Michpal Growth	16.44%	-2.92%	18.50%	22.26%	23.38%
ZAP Group	38.07M	45.29M	49.89M	51.64M	-
ZAP Group Growth	-15.94%	-9.23%	-3.38%	-	-
Other	170.42M	157.19M	133.89M	127.64M	120.33M
Other Growth	8.42%	17.40%	4.89%	6.08%	2.63%
Unallocated Adjustments	-97.32M	-87.98M	-83.79M	-98.97M	-88.25M
Total	2.76B	2.62B	2.57B	2.40B	1.93B
Total Growth	5.21%	1.89%	6.99%	24.33%	13.69%

Revenue by Geography

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015
Israel	1.75B	1.60B	1.57B	1.51B	1.20B
Israel Growth	9.02%	1.89%	4.28%	25.22%	14.88%
United States	612.20M	644.92M	680.33M	591.79M	501.79M
United States Growth	-5.07%	-5.20%	14.96%	17.94%	8.42%
Europe	336.29M	315.08M	262.30M	255.68M	189.15M
Europe Growth	6.73%	20.12%	2.59%	35.17%	29.94%
Africa	26.94M	26.04M	26.69M	18.01M	11.70M
Africa Growth	3.46%	-2.46%	48.19%	53.92%	-23.70%
Japan	13.68M	11.88M	11.33M	12.89M	14.28M
Japan Growth	15.12%	4.84%	-12.08%	-9.75%	-4.31%
Other (Mainly Asia Pacific)	23.29M	22.23M	20.67M	19.43M	13.89M
Other (Mainly Asia Pacific) Growth	4.77%	7.53%	6.35%	39.93%	-8.76%
Total	2.76B	2.62B	2.57B	2.40B	1.93B
Total Growth	5.21%	1.89%	6.99%	24.33%	13.69%

Source: S&P Global Market Intelligence.