FirstService (FSV) Operating Expenses (2014 - 2026)

FirstService (FSV) recorded quarterly Operating Expenses of $363.9 million in Q1 2026, up 100105.96% on a QoQ basis from $363183.0 in Q4 2025, and up 3.51% year-over-year from $351.6 million in Q1 2025.

FirstService (FSV) Operating Expenses (2014 - 2026) Analysis & Trends

FirstService has disclosed Operating Expenses across 13 years of filings, most recently posting $363.9 million for Q1 2026.

  • Quarterly Operating Expenses rose 3.51% year-over-year to $363.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 7.85% YoY) and the FY2025 annual result came in at $1.4 billion, up 8.06% from the prior year.
  • Operating Expenses advanced to $363.9 million in Q1 2026, from $363183.0 in the prior quarter.
  • Over five years, Operating Expenses peaked at $363.9 million in Q1 2026 and troughed at $248670.0 in Q4 2022.
  • A 5-year average of $227.6 million and a median of $271.6 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 advanced 3.51%.
  • Tracing FSV's Operating Expenses over 5 years: stood at $248670.0 in 2022, then rose by 13.14% to $281336.0 in 2023, then grew by 21.58% to $342042.0 in 2024, then grew by 6.18% to $363183.0 in 2025, then soared by 100105.96% to $363.9 million in 2026.
  • Business Quant data shows FSV's Operating Expenses at $363.9 million in Q1 2026, $363183.0 in Q4 2025, and $352.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 IHS Holding 45.03 Bn 44.04 Bn 231.80 -120.70 Mn
2 Cbre 38.54 Bn 37.33 Bn 1.85 Bn -
3 Costar 14.00 Bn 12.72 Bn 701.00 Mn 698.00 Mn
4 Jones Lang Lasalle 13.85 Bn 13.53 Bn - 6.18 Bn
5 KE Holdings 7.04 Bn 4.80 Bn 661.06 Mn -476.55 Mn
6 Compass 5.66 Bn 5.19 Bn 2.31 Bn 3.06 Bn
7 Opendoor Technologies 4.24 Bn 4.17 Bn 72.00 Mn 231.00 Mn
8 Cushman & Wakefield 3.11 Bn 2.51 Bn 420.70 Mn 2.48 Bn
9 Newmark 2.67 Bn 2.62 Bn - 820.20 Mn
10 FirstService 61.90 286.19 Mn 430.65 363.93 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 205.16 Mn