FirstService Corporation (FSV) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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FSV Revenue Growth
Revenue Breakdown (FY 2025)
FSV's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
FSV Revenue Analysis (2014–2025)
As of May 6, 2026, FirstService Corporation (FSV) generated trailing twelve-month (TTM) revenue of $5.52 billion, reflecting modest growth of +2.9% year-over-year. The most recent quarter (Q4 2025) recorded $1.40 billion in revenue, down 3.0% sequentially.
Looking at the longer-term picture, FSV's 5-year compound annual growth rate (CAGR) stands at +14.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $5.52 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows FSV's business is primarily driven by FirstService Brands Segment (58%), and FirstService Residential Segment (42%). With over half of revenue concentrated in FirstService Brands Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including CBRE (+14.8% YoY), JLL (+11.2% YoY), and CWK (+8.9% YoY), FSV has underperformed the peer group in terms of revenue growth. Compare FSV vs CBRE →
FSV Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FSVCurrent | $5.5B | +2.9% | +14.8% | 6.1% | |
 CBRE | $40.5B | +14.8% | +11.2% | 3.2% | |
 JLL | $26.1B | +11.2% | +9.5% | 4.5% | |
 CWK | $10.3B | +8.9% | +5.6% | 4.5% | |
 MMI | $755M | +8.5% | +1.0% | -1.8% | |
 NMRK | $3.3B | +20.3% | +11.9% | 7.0% |
FSV Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.52B | +5.8% | $1.75B | 31.8% | $335.7M | 6.1% |
| 2024 | $5.22B | +20.4% | $1.72B | 32.9% | $337.5M | 6.5% |
| 2023 | $4.33B | +15.7% | $1.39B | 32.0% | $244.9M | 5.6% |
| 2022 | $3.75B | +15.3% | $1.18B | 31.5% | $219.0M | 5.8% |
| 2021 | $3.25B | +17.2% | $1.05B | 32.2% | $201.6M | 6.2% |
| 2020 | $2.77B | +15.2% | $900.6M | 32.5% | $169.4M | 6.1% |
| 2019 | $2.41B | +24.6% | $773.3M | 32.1% | $-174,419,000 | -7.2% |
| 2018 | $1.93B | +13.3% | $611.2M | 31.6% | $127.6M | 6.6% |
| 2017 | $1.71B | +15.0% | $516.1M | 30.3% | $107.6M | 6.3% |
| 2016 | $1.48B | +17.3% | $432.8M | 29.2% | $90.5M | 6.1% |
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Start ComparisonFSV — Frequently Asked Questions
Quick answers to the most common questions about buying FSV stock.
Is FSV's revenue growth accelerating or slowing?
FSV revenue growth slowed to +2.9%, below the 5-year CAGR of +14.8%. TTM revenue is $5.5B. The deceleration marks a shift from historical growth rates.
What is FSV's long-term revenue growth rate?
FirstService Corporation's 5-year revenue CAGR of +14.8% reflects the variable expansion pattern. Current YoY growth of +2.9% is near this long-term average.
How is FSV's revenue distributed by segment?
FSV reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.