v3.26.1
Operating Segments (Tables)
 12 Months Ended
Dec. 31, 2025
Operating Segments [Abstract]  
Schedule of Consolidated Goodwill in Material Partially Owned Subsidiaries Consolidated Goodwill in material partially owned subsidiaries:
   December 31, 
   2025   2024 
Matrix and its subsidiaries  $321,264   $294,282 
Sapiens and its subsidiaries   
-
    396,919 
Magic Software and its subsidiaries   189,798    172,515 
Michpal and its subsidiaries   86,174    70,636 
ZAP Group and its subsidiaries   36,596    32,009 
Other consolidated subsidiaries   12,411    8,719 
   $646,243   $975,080 
Schedule of Reporting on Operating Segments Headquarters and finance expenses of Formula are allocated proportionally among the Investees.
   Matrix   Magic Software   Michpal   ZAP Group   Other   Adjustments   Total 
                             
Year ended December 31, 2025:                            
Revenues from external customers   1,810,605    625,438    57,650    38,429    220,489    (125,487)   2,627,124 
Inter-segment revenues   2,934    858    (8)   
-
    260    (4,044)   
-
 
Total revenues   1,813,539    626,296    57,642    38,429    220,749    (129,531)   2,627,124 
Depreciation and amortization   57,678    21,297    11,177    27,878    10,429    (7,795)   120,664 
Segment operating income   151,791    59,997    9,381    (24,248)   15,983    (10,379)   202,525 
Unallocated corporate expenses                                 (6,148)
Total operating income                                 196,377 
Financial expenses, net                                 (49,988)
Group’s share of profits of companies accounted for at equity, net                                 3,654 
Taxes on income                                 (40,459)
Net income from continued operations                                 109,584 
Net income from discontinued operations                                 559,480 
Net income                                 669,064 
                                    
   Matrix   Magic Software   Michpal   ZAP Group   Other   Adjustments   Total 
                             
Year ended December 31, 2024:                            
Revenues from external customers  $1,500,863   $549,992   $42,960   $38,068   $170,315   $(83,764)  $2,218,434 
Inter-segment revenues   7,597    2,528    21    
-
    102    (10,248)   
-
 
Total revenues  $1,508,460   $552,520   $42,981   $38,068   $170,417   $(94,012)  $2,218,434 
Depreciation and amortization  $50,496   $20,763   $6,843   $9,224   $8,240   $(5,894)  $89,672 
Segment operating income  $121,665   $61,237   $8,723   $(4,939)  $11,449   $(6,490)  $191,645 
Unallocated corporate expenses                                 (8,313)
Total operating income                                $183,332 
Financial expenses, net                                 (24,467)
Group’s share of profits of companies accounted for at equity, net                                 2,077 
Taxes on income                                 (38,773)
Net income from continued operations                                 122,169 
Net income from discontinued operations                                 71,621 
Net income                                $193,790 

 

   Matrix   Magic Software   Michpal   ZAP Group   Other   Adjustments   Total 
                             
Year ended December 31, 2023:                            
Revenues from external customers  $1,416,283   $531,415   $36,912   $45,286   $156,662   $(76,111)  $2,110,447 
Inter-segment revenues   3,579    3,637    
-
    
-
    525    (7,741)   
-
 
Total revenues  $1,419,862   $535,052   $36,912   $45,286   $157,187   $(83,852)  $2,110,447 
Depreciation and amortization  $55,230   $20,553   $4,801   $8,090   $7,950   $(5,582)  $91,042 
Segment operating income  $106,831   $57,108   $6,366   $(3,126)  $9,492   $(8,149)  $168,522 
Unallocated corporate expenses                                 (10,478)
Total operating income                                $158,044 
Financial expenses, net                                 (24,790)
Group’s share of profits of companies accounted for at equity, net                                 773 
Taxes on income                                 (31,834)
Net income from continued operations                                 102,193 
Net income from discontinued operations                                 63,539 
Net income                                $165,732