FirstService annual operating expenses
2018
2019
2020
2021
2022
2023
2024
2025
FirstService Operating Expenses Growth & History (FSV)
FirstService's operating expenses was $1.51B for fiscal 2025.
View full FirstService company overviewFirstService annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.51B | $127.7M | +9.25% |
| 2024 | 2024-12-31 | $1.38B | $237.8M | +20.81% |
| 2023 | 2023-12-31 | $1.14B | $181.6M | +18.89% |
| 2022 | 2022-12-31 | $961.1M | $116.5M | +13.79% |
| 2021 | 2021-12-31 | $844.6M | $113.4M | +15.51% |
| 2020 | 2020-12-31 | $731.2M | −$216.5M | −22.85% |
| 2019 | 2019-12-31 | $947.7M | $464.1M | +95.95% |
| 2018 | 2018-12-31 | $483.7M | — | — |
FirstService quarterly operating expenses
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $377.0M | $1.6M | +0.42% |
| Q1 2026 | 2026-03-31 | $382.5M | — | — |
| Q4 2025 | 2025-12-31 | $387.0M | — | — |
| Q3 2025 | 2025-09-30 | $375.6M | — | — |
| Q2 2025 | 2025-06-30 | $375.5M | — | — |
FirstService operating expenses trends
Over the last five fiscal years, FirstService's operating expenses increased from $731.2M to $1.51B, a change of $776.9M. The latest reported quarter, Q2 2026, shows $377.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review FirstService source filings ↗