Federal Signal (FSS) Operating Expenses (2010 - 2026)

For the trailing twelve months through Jun 30, 2026, Operating Expenses at Federal Signal was $279.1 million, up 13.6% year-over-year; for FY2025, it came in at $255.9 million, up 9.4% from FY2024.

• Annual Operating Expenses has increased for four consecutive years, with a five-year compound annual growth rate of 11.2% (FY2020 to FY2025).
• In prior years, Federal Signal's Operating Expenses was $234 million in FY2024 (+11.4%), $210.1 million in FY2023 (+22.4%), $171.7 million in FY2022 (+15.1%) and $149.2 million in FY2021 (-0.9%).
• The Q2 2026 figure stands as the highest quarterly Operating Expenses in data going back to Q2 2010.
• On a year-over-year basis, Operating Expenses has increased in each of the last 19 quarters, with growth averaging 12.6% over the last eight quarters.
• The strongest year-over-year quarter for Operating Expenses in the past five years was Q3 2023, with growth of 27.1%; the weakest was Q3 2021, with a decline of 13.0%.
• According to Business Quant data, Operating Expenses for the three prior quarters was $72 million (Q1 2026), $67.4 million (Q4 2025) and $61.4 million (Q3 2025).