Growth Metrics

FirstService (FSV) Gross Margin (2016 - 2026)

FirstService filings provide 13 years of Gross Margin readings, the most recent being 32.7% for Q1 2026.

  • On a quarterly basis, Gross Margin fell 3.0% to 32.7% in Q1 2026 year-over-year; TTM through Mar 2026 was 33.57%, a 46.0% increase, with the full-year FY2025 number at 33.58%, up 65.0% from a year prior.
  • Gross Margin hit 32.7% in Q1 2026 for FirstService, down from 33.92% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 33.93% in Q2 2025 to a low of 31.0% in Q1 2022.
  • Median Gross Margin over the past 5 years was 32.64% (2023), compared with a mean of 32.49%.
  • Biggest five-year swings in Gross Margin: tumbled -190bps in 2022 and later surged 144bps in 2024.
  • FirstService's Gross Margin stood at 32.33% in 2022, then dropped by -2bps to 31.81% in 2023, then grew by 5bps to 33.25% in 2024, then grew by 2bps to 33.92% in 2025, then dropped by -4bps to 32.7% in 2026.
  • The last three reported values for Gross Margin were 32.7% (Q1 2026), 33.92% (Q4 2025), and 33.65% (Q3 2025) per Business Quant data.