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| Date | Value |
|---|---|
| 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 |