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
DateValue
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