FirstService (FSV) Operating Expenses (2014 - 2026)
FirstService (FSV) posted quarterly Operating Expenses of $359.4 million for Q2 2026, down 1.1% year-on-year 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 reported Operating Expenses for 13 consecutive years, with $359.4 million the latest figure, recorded 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 eased to $359.4 million in Q2 2026 per FSV's latest filing, from $363.9 million in the prior quarter.
- Over the last five years, Operating Expenses for FSV reached as high as $363.9 million in Q1 2026 and fell as low as $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 advanced 23.74% — and 2026, when it decreased 1.1%.
- Year by year, Operating Expenses stood at $248670.0 in 2022, then gained by 13.14% to $281336.0 in 2023, then increased by 21.58% to $342042.0 in 2024, then increased by 6.18% to $363183.0 in 2025, then surged by 98864.98% to $359.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $359.4 million, $363.9 million, and $363183.0 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Colliers International | 4,798.15 Bn | 4,797.86 Bn | - | 440.70 Mn |
| 2 | IHS Holding | 60.96 Bn | 61.13 Bn | 231.80 | -120.70 |
| 3 | KE Holdings | 53.48 Bn | 50.59 Bn | 661.06 Mn | -476.55 Mn |
| 4 | Cbre | 39.71 Bn | 39.92 Bn | 1.85 Bn | - |
| 5 | Jones Lang Lasalle | 14.96 Bn | 14.65 Bn | - | 6.18 Bn |
| 6 | Costar | 11.08 Bn | 9.80 Bn | 701.00 Mn | 698.00 Mn |
| 7 | Compass | 7.92 Bn | 7.44 Bn | 2.31 Bn | 3.06 Bn |
| 8 | FirstService | 6.01 Bn | 6.28 Bn | 480.66 Mn | 359.42 Mn |
| 9 | Opendoor Technologies | 3.69 Bn | 2.69 Bn | 72.00 Mn | 231.00 Mn |
| 10 | Cushman & Wakefield | 2.90 Bn | 2.30 Bn | 420.70 Mn | 2.48 Bn |
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 |