FirstService (FSV) Operating Expenses (2014 - 2026)
FirstService's (FSV) quarterly Operating Expenses came in at $359.4 million in Q2 2026, down 1.1% YoY from $363.4 million in Q2 2025, and down 1.24% on a QoQ basis from $363.9 million in Q1 2026.
FirstService (FSV) Operating Expenses (2014 - 2026) Analysis & Trends
FirstService (FSV) has 13 years of Operating Expenses data on file, last reported at $359.4 million in Q2 2026.
- Quarterly Operating Expenses fell 1.1% year-over-year to $359.4 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $1.1 billion (up 4.4% YoY) and the FY2025 annual result came in at $1.3 billion, up 7.44% from the prior year.
- Operating Expenses fell to $359.4 million in Q2 2026, from $363.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $363.9 million in Q1 2026 to a low of $248670.0 in Q4 2022.
- A 5-year average of $234.9 million and a median of $272.1 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses gained 23.74% — and 2026, when it retreated 1.1%.
- Tracing FSV's Operating Expenses over 5 years: stood at $248670.0 in 2022, then grew by 13.14% to $281336.0 in 2023, then advanced by 21.58% to $342042.0 in 2024, then advanced by 6.18% to $363183.0 in 2025, then surged by 98864.98% to $359.4 million in 2026.
- The last three Operating Expenses figures came in at $359.4 million (Q2 2026), $363.9 million (Q1 2026), and $363183.0 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cbre | 44.30 Bn | 42.81 Bn | 2.09 Bn | - |
| 2 | KE Holdings | 18.87 Bn | 15.99 Bn | 661.06 Mn | -476.55 Mn |
| 3 | Jones Lang Lasalle | 17.79 Bn | 17.34 Bn | - | 6.64 Bn |
| 4 | Costar | 13.04 Bn | 11.78 Bn | 728.00 Mn | 652.00 Mn |
| 5 | Compass | 9.00 Bn | 8.31 Bn | 3.88 Bn | 4.18 Bn |
| 6 | FirstService | 6.55 Bn | 6.32 Bn | 480.66 Mn | 359.42 Mn |
| 7 | Colliers International | 5.46 Bn | 5.40 Bn | 635,105.00 Bn | 485.10 Mn |
| 8 | Cushman & Wakefield | 3.45 Bn | 2.95 Bn | 512.00 Mn | 2.63 Bn |
| 9 | Opendoor Technologies | 3.35 Bn | 2.45 Bn | 86.00 Mn | 230.00 Mn |
| 10 | Newmark | 2.85 Bn | 2.46 Bn | - | 848.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 359.42 Mn |
| Mar 31, 2026 | 363.93 Mn |
| Dec 31, 2025 | 363,183.00 |
| Sep 30, 2025 | 352.69 Mn |
| Jun 30, 2025 | 363.42 Mn |
| Mar 31, 2025 | 351.58 Mn |
| Dec 31, 2024 | 342,042.00 |
| Sep 30, 2024 | 315.74 Mn |
| Jun 30, 2024 | 334.05 Mn |
| Mar 31, 2024 | 316.18 Mn |
| Dec 31, 2023 | 281,336.00 |
| Sep 30, 2023 | 272.54 Mn |
| Jun 30, 2023 | 271.59 Mn |
| Mar 31, 2023 | 262.95 Mn |
| Dec 31, 2022 | 248,670.00 |
| Sep 30, 2022 | 224.45 Mn |
| Jun 30, 2022 | 221.02 Mn |
| Mar 31, 2022 | 218.23 Mn |
| Dec 31, 2021 | 221,148.00 |
| Sep 30, 2021 | 198.03 Mn |