FSV (FirstService) Total Operating Expense: $1,521 Mil (TTM As of Mar. 2026)


FSV FirstService Corp FSV
87 GF Score
Price $140.90
GF Value $193.98
Valuation Modestly Undervalued
! 3 Warning Signs
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What is FirstService Total Operating Expense?

FirstService FSV +3.54% 87 Total Operating Expense is $1,521 Mil as of Mar. 2026. GuruFocus rates FSV with a GF Score™ of 87/100 and a GF Value™ of $193.98 (Modestly Undervalued). The stock has 3 warning signs investors should review.

FirstService's Total Operating Expense for the three months ended in Mar. 2026 was $382 Mil. FirstService's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $1,521 Mil.

FirstService Total Operating Expense Related Terms

FirstService Total Operating Expense Historical Data

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The historical data trend for FirstService's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FirstService Total Operating Expense Chart

FirstService Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 832.57 956.57 1,121.13 1,394.81 1,495.99

FirstService Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 357.87 375.46 375.62 387.04 382.49
FSV
87GF Score
FirstService Corp FSV
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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FirstService Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,521 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of $1,521 Mil mean?
FirstService (FSV) has a Total Operating Expense of $1,521 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on FirstService and its competitors.
Is FirstService's Total Operating Expense too high?
FirstService's current Total Operating Expense is $1,521 Mil. Overall, FirstService has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FirstService's Total Operating Expense compare to CBRE and BEKE?
FirstService's Total Operating Expense of $1,521 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Real Estate company?
A good Total Operating Expense depends on the Real Estate industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on FirstService and its competitors. FirstService's current Total Operating Expense is $1,521 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FirstService stock overvalued right now?
Based on GuruFocus' analysis, FirstService (FSV) is currently considered Modestly Undervalued. The stock's GF Value™ is $193.98, compared to a current price of $140.90 — trading 27.4% below its estimated fair value. The current Total Operating Expense is $1,521 Mil. FirstService's overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For FirstService (FSV), the current Total Operating Expense is $1,521 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is FirstService (FSV) Overvalued in 2026?

Based on GuruFocus' analysis, FirstService stock appears to be undervalued. The current stock price of $140.90 is trading 27.4% below its estimated GF Value™ of $193.98. GuruFocus considers FirstService to be Modestly Undervalued.

Key valuation signals for FSV:

  • Total Operating Expense: $1,521 Mil
  • GF Value™: $193.98 vs. price of $140.90 (27.4% below fair value)
  • GF Score™: 87/100 with 3 warning signs

No single metric tells the full story. See the FSV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

FirstService Business Description

Other Exchanges 1GIA:GermanyFSV:Canada
Address 1255 Bay Street, Suite 600, Toronto, ON, CAN, M5R 2A9
FirstService Corp is engaged in outsourcing property services. The company operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high and low-rise condominiums and co-operatives. FirstService Brands generates the majority of the company's revenue and provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertaPro Painters, Floor Coverings International, and Pillar to Post Home Inspectors. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.
87GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$140.90
Price
$193.98
GF Value