v3.26.1
Supplementary Financial Statements Information (Tables)
 12 Months Ended
Dec. 31, 2025
Supplementary Financial Statement Information [Abstract]  
Schedule of Non-Controlling Interest in Material Partially-Owned Subsidiaries Composition of non-controlling interest in material partially-owned subsidiaries:
   December 31, 
   2025   2024 
Matrix and its subsidiaries  $210,459   $182,340 
Sapiens and its subsidiaries   
-
    357,954 
Magic Software and its subsidiaries   168,020    167,286 
Other   46,060    2,427 
   $424,539   $710,007 
Schedule of Revenue by Products and Services Revenue by products and services was as follows:
   Year ended December 31, 
   2025   2024   2023 
             
Proprietary software and related services  $208,694   $185,793   $178,844 
Other products and third party   683,989    534,869    503,325 
Services   1,734,441    1,497,772    1,428,278 
   $2,627,124   $2,218,434   $2,110,447 
Schedule of Revenue by Timing of Revenue Recognition Revenue by timing of revenue recognition was as follows:
   Year ended December 31, 
   2025   2024   2023 
             
Products and services transferred over time  $

2,277,643

   $1,852,193   $1,749,466 
Products transferred at a point in time   

349,481

    366,241    360,981 
   $

2,627,124

   $2,218,434   $2,110,447 
Schedule of Selling, Marketing, General and Administrative Expenses Selling, marketing, general and administrative expenses:
  

Year ended December 31,

 
   2025   2024   2023 
Wages and related expenses  $190,677   $163,870   $164,235 
Depreciation and amortization   71,327    47,503    46,306 
Subcontractors   9,752    5,641    8,073 
Advertising   8,651    12,818    13,888 
Maintenance and other expenses   31,581    19,884    16,162 
Total Selling, marketing, general and administrative expenses  $311,988   $249,716   $248,664 
Schedule of Financial Income and Expenses The following table provides detailed breakdown of the Group’s financial income and expenses:
  

Year ended December 31,

 
   2025   2024   2023 
Financial expenses:            
Financial expenses related to liabilities in respect of business combinations  $13,321   $356   $775 
Interest expenses on loans and borrowings   18,670    17,865    18,540 
Financial costs related to Debentures   5,009    3,552    3,928 
Interest expenses attributed to IFRS 16   6,749    4,851    5,402 
Bank charges, negative foreign exchange differences and other financial expenses   19,838    8,297    7,002 
   $63,587   $34,921   $35,647 

 

  

Year ended December 31,

 
   2025   2024   2023 
Financial income:            
Interest income from deposits, positive foreign exchange differences and other financial income  $13,599   $10,454   $10,857 
                
Financial expenses, net  $49,988   $24,467   $24,790 
Schedule of Property and Equipment Located The Group’s property, plant and equipment is located as follows:
   December 31, 
   2025   2024 
         
Israel  $45,772   $44,361 
United States   828    2,992 
Europe   641    924 
Japan   126    129 
Other   247    3,389 
           
Total  $47,614   $51,795 
Schedule of Revenues Classified by Geographic Area (Based on the Location of Customers)

The Group’s revenues classified by geographic area (based on the location of customers) are as follows:

 

  

Year ended December 31,

 
   2025   2024   2023 
Israel  $2,092,849   $1,725,764   $1,578,696 
International:               
United States   435,800    387,864    435,184 
Europe   83,866    88,000    81,580 
Japan   11,920    12,673    10,847 
Other (mainly Asia pacific)   2,689    
4,133
    
4,140
 
Total  $2,627,124   $2,218,434   $2,110,447 
Schedule of Computation of Basic and Diluted Net Earnings Per Share

The following table presents the computation of basic and diluted net earnings per share for the Group:

 

  

Year ended December 31,

 
   2025   2024   2023 
             
Net income attributable to Formula’s shareholders (basic):            
From continued operations  $36,514   $48,543   $35,739 
From discontinued operations   569,965    31,127    28,275 
Net income attributable to Formula’s shareholders (basic)  $606,479   $79,670   $64,014 
                
Net income attributable to Formula’s shareholders (Diluted):               
From continued operations  $36,316   $48,471   $35,672 
From discontinued operations   569,866    31,056    28,206 
Net income attributable to Formula’s shareholders (Diluted)   606,182   $79,527   $63,878 
                
Earnings per share from continued operations (basic)  $2.39   $3.18   $2.34 
Earnings per share from discontinued operations (basic)   37.24    2.04    1.85 
Earnings per share (basic)  $39.63   $5.22   $4.19 
                
Earnings per share from continued operations (diluted)  $2.30   $3.10   $2.30 
Earnings per share from discontinued operations (diluted)   36.09    1.99    1.82 
Earnings per share (diluted)  $38.39   $5.09   $4.12 
                
Number of shares used in computing:               
Earnings per share (basic)   15,308,764    15,304,610    15,301,392 
Earnings per share (diluted)   15,786,901    15,636,664    15,498,101