FirstService (FSV) Operating Margin (2014 - 2026)
FirstService (FSV) recorded Operating Margin of 6.88% in the quarter ended Jun 30, 2026, up 0.01 percentage points from 6.87% a year earlier and up 3.33 percentage points from the prior quarter.
FirstService (FSV) Operating Margin (2014 - 2026) Analysis & Trends
On a TTM basis, FirstService's Operating Margin came in at 6.22% as of Jun 30, 2026, down 0.27 percentage points year-over-year; for the year ended Dec 31, 2025, it was 6.15%, down 0.32 percentage points from the prior year.
- Annual Operating Margin has a five-year change of +0.04 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Operating Margin came in at 6.47% in the year ended Dec 31, 2024 (+0.82 pp), 5.65% in the year ended Dec 31, 2023 (-0.20 pp), 5.85% in the year ended Dec 31, 2022 (-0.36 pp) and 6.21% in the year ended Dec 31, 2021 (+0.10 pp).
- Quarterly Operating Margin has ranged from 3.14% in the quarter ended Mar 31, 2025 to 9.02% in the quarter ended Sep 30, 2024 over the past five years.
- On a year-over-year basis, Operating Margin rose in five of the last eight quarters, with an average year-over-year change of +0.48 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 2.79 percentage points in the quarter ended Dec 31, 2022, against a drop of 2.55 percentage points in the quarter ended Dec 31, 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 3.54% (quarter ended Mar 31, 2026), 6.21% (quarter ended Dec 31, 2025) and 7.99% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 146.43 Bn | 105.71 Bn | 6.13 Bn | 16.96% |
| 2 | Cintas | 86.79 Bn | 85.87 Bn | 1.55 Bn | 23.62% |
| 3 | Iron Mountain | 33.63 Bn | 32.82 Bn | 1.07 Bn | 18.41% |
| 4 | APi | 17.31 Bn | 14.35 Bn | 703.00 Mn | 7.76% |
| 5 | Rollins | 16.03 Bn | 15.57 Bn | 569.95 Mn | 18.67% |
| 6 | UL Solutions | 14.80 Bn | 13.55 Bn | 417.00 Mn | 18.38% |
| 7 | Aramark | 14.78 Bn | 12.73 Bn | 430.34 Mn | 4.26% |
| 8 | Gartner | 14.60 Bn | 8.29 Bn | 1.19 Bn | 22.59% |
| 9 | Rentokil Initial | 10.70 Bn | 4.21 Bn | - | - |
| 10 | FirstService | 6.30 Bn | 5.56 Bn | 480.66 Mn | 6.88% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.88% |
| Mar 31, 2026 | 3.54% |
| Dec 31, 2025 | 6.21% |
| Sep 30, 2025 | 7.99% |
| Jun 30, 2025 | 6.87% |
| Mar 31, 2025 | 3.14% |
| Dec 31, 2024 | 6.56% |
| Sep 30, 2024 | 9.02% |
| Jun 30, 2024 | 6.47% |
| Mar 31, 2024 | 3.29% |
| Dec 31, 2023 | 4.45% |
| Sep 30, 2023 | 6.58% |
| Jun 30, 2023 | 7.35% |
| Mar 31, 2023 | 4.02% |
| Dec 31, 2022 | 6.61% |
| Sep 30, 2022 | 6.53% |
| Jun 30, 2022 | 6.43% |
| Mar 31, 2022 | 3.48% |
| Dec 31, 2021 | 7.87% |
| Sep 30, 2021 | 7.24% |
FirstService Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=FSV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "FSV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=FSV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();