Formula Systems sees revenue increase 29.8% to $782 million
Full story: https://grafa.com/en/news/united-states/formula-systems-q2-2026-revenue-rises-29-8-percent
-
Formula Systems (NASDAQ:FORTY) (TASE:FORTY) reported Q2 2026 revenue of $782.4 million, up 29.8% year over year.
-
Operating income increased 41.3% to $71.6 million, while net income from continuing operations rose 163.7% to $23.3 million.
-
The company declared a $1.63 per share cash dividend totaling approximately $25 million.
Formula Systems (NASDAQ:FORTY) reported second-quarter 2026 revenue of $782.4 million, a record level and a 29.8% increase year over year, with higher operating income and shareholder earnings from continuing operations.
The company’s results were presented on a continuing operations basis excluding former subsidiary Sapiens, with operating income increasing 41.3% to $71.6 million and net income attributable to shareholders rising 163.7% to $23.3 million.
For the first half of 2026, Formula Systems reported revenue of $1.52 billion, up 24.4% year over year, while operating income increased 53.3% to $153.7 million, including a $16.6 million capital gain from dilution of its stake in affiliate TSG.
Excluding the TSG gain, first-half operating income was $137 million, up 36.7%, while net income from continuing operations attributable to shareholders increased 105.5% to $42.3 million on the adjusted basis.
Formula Systems reported consolidated cash and short-term deposits of $864.5 million and total equity of $1.66 billion as of June 30, 2026, while confirming compliance with all debenture covenants.
The company’s board declared a cash dividend of $1.63 per share, totaling approximately $25 million, payable on October 6, 2026, to shareholders of record on September 22, 2026.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
