Skip to main content
logo
Formula Systems (1985) Ltd. (TLV:FORTY)
Israel flag Israel · Delayed Price · Currency is ILS · Price in ILA
31,140
-270 (-0.86%)
Jun 24, 2026, 10:44 AM 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
1.81B1.51B1.42B1.39B1.35B
Matrix Growth
20.22%6.24%1.94%3.12%20.43%
Magic Software
626.30M552.52M535.05M566.79M480.33M
Magic Software Growth
13.35%3.26%-5.60%18.00%29.40%
Michpal
57.64M42.98M36.91M38.02M32.09M
Michpal Growth
34.11%16.44%-2.92%18.50%22.26%
ZAP Group
38.43M38.07M45.29M49.89M51.64M
ZAP Group Growth
0.95%-15.94%-9.23%-3.38%-
Other
220.75M170.42M157.19M133.89M127.64M
Other Growth
29.53%8.42%17.40%4.89%6.08%
Unallocated Adjustments
-129.53M-94.01M-83.85M-83.79M-98.97M
Sapiens
---474.74M461.04M
Sapiens Growth
---2.97%20.41%
Total
2.63B2.22B2.11B2.57B2.40B
Total Growth
18.42%5.12%-17.96%6.99%24.33%

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
2.09B1.73B1.58B1.57B1.51B
Israel Growth
21.27%9.32%0.49%4.28%25.22%
United States
435.80M387.86M435.18M680.33M591.79M
United States Growth
12.36%-10.87%-36.03%14.96%17.94%
Europe
83.87M88.00M81.58M262.30M255.68M
Europe Growth
-4.70%7.87%-68.90%2.59%35.17%
Japan
11.92M12.67M10.85M11.33M12.89M
Japan Growth
-5.94%16.83%-4.29%-12.08%-9.75%
Other (Mainly Asia Pacific)
2.69M4.13M4.14M20.67M19.43M
Other (Mainly Asia Pacific) Growth
-34.94%-0.17%-79.97%6.35%39.93%
Africa
---26.69M18.01M
Africa Growth
---48.19%53.92%
Total
2.63B2.22B2.11B2.57B2.40B
Total Growth
18.42%5.12%-17.96%6.99%24.33%