FirstService (FSV) Gross Margin (2014 - 2026)

FirstService (FSV) has reported Gross Margin for 13 consecutive years, with 33.17% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Gross Margin fell 77.0% year-over-year to 33.17%; the trailing twelve-month figure through Jun 2026 stood at 33.37% (up 15.0% YoY), and the FY2025 full-year result was 33.58%, up 65.0% from the prior year.
• Gross Margin improved to 33.17% in Q2 2026 per FSV's latest filing, from 32.7% in the prior quarter.
• Across five years, Gross Margin topped out at 33.93% in Q2 2025 and bottomed at 31.0% in Q1 2022.
• Historically, Gross Margin has averaged 32.53% across 5 years, with a median of 32.67% in 2023.
• The sharpest annual moves came in 2022 and 2024: Gross Margin tumbled 190 bps in 2022, then jumped 144 bps in 2024.
• Over 5 years, Gross Margin stood at 32.33% in 2022, then retreated by 2 bps to 31.81% in 2023, then grew by 5 bps to 33.25% in 2024, then grew by 2 bps to 33.92% in 2025, then slipped by 2 bps to 33.17% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 33.17%, 32.7%, and 33.92% for Q2 2026, Q1 2026, and Q4 2025 respectively.