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Formula Systems (1985) Ltd. (TLV:FORTY)
Israel flag Israel · Delayed Price · Currency is ILS · Price in ILA
38,440
+470 (1.24%)
Jun 3, 2026, 5:27 PM IDT

Revenue by Segment

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
Matrix
1.51B1.42B1.39B1.35B1.12B
Matrix Growth
6.24%1.94%3.12%20.43%11.07%
Sapiens
542.38M514.58M474.74M461.04M382.90M
Sapiens Growth
5.40%8.39%2.97%20.41%17.57%
Magic Software
552.52M535.05M566.79M480.33M371.19M
Magic Software Growth
3.26%-5.60%18.00%29.40%13.99%
Michpal
42.98M36.91M38.02M32.09M26.24M
Michpal Growth
16.44%-2.92%18.50%22.26%23.38%
ZAP Group
38.07M45.29M49.89M51.64M-
ZAP Group Growth
-15.94%-9.23%-3.38%--
Other
170.42M157.19M133.89M127.64M120.33M
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
2.76B2.62B2.57B2.40B1.93B
Total Growth
5.21%1.89%6.99%24.33%13.69%

Revenue by Geography

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
Israel
1.75B1.60B1.57B1.51B1.20B
Israel Growth
9.02%1.89%4.28%25.22%14.88%
United States
612.20M644.92M680.33M591.79M501.79M
United States Growth
-5.07%-5.20%14.96%17.94%8.42%
Europe
336.29M315.08M262.30M255.68M189.15M
Europe Growth
6.73%20.12%2.59%35.17%29.94%
Africa
26.94M26.04M26.69M18.01M11.70M
Africa Growth
3.46%-2.46%48.19%53.92%-23.70%
Japan
13.68M11.88M11.33M12.89M14.28M
Japan Growth
15.12%4.84%-12.08%-9.75%-4.31%
Other (Mainly Asia Pacific)
23.29M22.23M20.67M19.43M13.89M
Other (Mainly Asia Pacific) Growth
4.77%7.53%6.35%39.93%-8.76%
Total
2.76B2.62B2.57B2.40B1.93B
Total Growth
5.21%1.89%6.99%24.33%13.69%
Source: S&P Global Market Intelligence.