FirstService (FSV) Operating Leases (2019 - 2026)

FirstService (FSV) recorded quarterly Operating Leases of $251.3 million in Q1 2026, up 3.58% on a QoQ basis from $242.6 million in Q4 2025, and up 8.11% year-over-year from $232.4 million in Q1 2025.

FirstService (FSV) Operating Leases (2019 - 2026) Analysis & Trends

FirstService has disclosed Operating Leases across 8 years of filings, most recently posting $251.3 million for Q1 2026.

  • Quarterly Operating Leases rose 8.11% year-over-year to $251.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $251.3 million (up 8.11% YoY) and the FY2025 annual result came in at $242.6 million, up 13.14% from the prior year.
  • Operating Leases improved to $251.3 million in Q1 2026, from $242.6 million in the prior quarter.
  • Over five years, Operating Leases peaked at $251.3 million in Q1 2026 and troughed at $124.4 million in Q1 2022.
  • A 5-year average of $193.9 million and a median of $183.9 million in 2023 frame the typical range for Operating Leases.
  • Annual changes were most pronounced in 2022 — Operating Leases decreased 3.29% — and 2023, when it soared 40.03%.
  • Tracing FSV's Operating Leases over 5 years: stood at $168.6 million in 2022, then advanced by 9.12% to $183.9 million in 2023, then advanced by 16.58% to $214.4 million in 2024, then advanced by 13.14% to $242.6 million in 2025, then grew by 3.58% to $251.3 million in 2026.
  • Business Quant data shows FSV's Operating Leases at $251.3 million in Q1 2026, $242.6 million in Q4 2025, and $248.7 million in Q3 2025.

Peer Comparison

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

Historic Data

Download Data
DateValue
Mar 31, 2026 251.28 Mn
Dec 31, 2025 242.59 Mn
Sep 30, 2025 248.75 Mn
Jun 30, 2025 249.53 Mn
Mar 31, 2025 232.44 Mn
Dec 31, 2024 214.42 Mn
Sep 30, 2024 221.33 Mn
Jun 30, 2024 194.67 Mn
Mar 31, 2024 178.40 Mn
Dec 31, 2023 183.92 Mn
Sep 30, 2023 175.49 Mn
Jun 30, 2023 175.99 Mn
Mar 31, 2023 174.19 Mn
Dec 31, 2022 168.56 Mn
Sep 30, 2022 131.79 Mn
Jun 30, 2022 128.13 Mn
Mar 31, 2022 124.39 Mn
Dec 31, 2021 122.34 Mn
Sep 30, 2021 128.89 Mn
Jun 30, 2021 130.10 Mn