Growth Metrics

FirstService (FSV) Operating Expenses (2016 - 2026)

FirstService filings provide 13 years of Operating Expenses readings, the most recent being $335.9 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 3.07% to $335.9 million in Q1 2026 year-over-year; TTM through Mar 2026 was $1.3 billion, a 6.93% increase, with the full-year FY2025 number at $1.4 billion, up 8.06% from a year prior.
  • Operating Expenses hit $335.9 million in Q1 2026 for FirstService, roughly flat from $334.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $337.5 million in Q2 2025 to a low of $203.8 million in Q1 2022.
  • Median Operating Expenses over the past 5 years was $292.2 million (2024), compared with a mean of $278.8 million.
  • Biggest five-year swings in Operating Expenses: increased 24.91% in 2022 and later increased 3.07% in 2026.
  • FirstService's Operating Expenses stood at $231.9 million in 2022, then grew by 12.72% to $261.4 million in 2023, then increased by 21.09% to $316.5 million in 2024, then grew by 5.71% to $334.6 million in 2025, then grew by 0.4% to $335.9 million in 2026.
  • The last three reported values for Operating Expenses were $335.9 million (Q1 2026), $334.6 million (Q4 2025), and $324.9 million (Q3 2025) per Business Quant data.