FirstService (FSV) Operating Margin (2014 - 2026)

FirstService (FSV) has reported Operating Margin for 13 consecutive years, with 6.88% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Margin rose 1.0% year-over-year to 6.88%; the trailing twelve-month figure through Jun 2026 stood at 6.22% (down 27.0% YoY), and the FY2025 full-year result was 6.15%, down 32.0% from the prior year.
• Operating Margin advanced to 6.88% in Q2 2026 per FSV's latest filing, from 3.54% in the prior quarter.
• Across five years, Operating Margin topped out at 9.02% in Q3 2024 and bottomed at 3.14% in Q1 2025.
• Historically, Operating Margin has averaged 5.86% across 5 years, with a median of 6.5% in 2022.
• The sharpest annual moves came in 2023 and 2024: Operating Margin tumbled 216 bps in 2023, then jumped 243 bps in 2024.
• Over 5 years, Operating Margin stood at 6.61% in 2022, then sank by 33 bps to 4.45% in 2023, then surged by 47 bps to 6.56% in 2024, then fell by 5 bps to 6.21% in 2025, then climbed by 11 bps to 6.88% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 6.88%, 3.54%, and 6.21% for Q2 2026, Q1 2026, and Q4 2025 respectively.