FirstService Q4 Revenue $1.383B Beats Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 04 2026
0mins
Should l Buy FSV?
Reports Q4 revenue $1.383B, consensus $1.36B. "Our fourth quarter results were largely in-line with expectations provided on our prior quarterly call and we are pleased to have capped off a year of solid growth and strong earnings performance," said Scott Patterson, Chief Executive Officer of FirstService. "I am proud of how our operating leaders and teams executed with discipline and resilience in challenging environments throughout 2025. Looking forward, as market conditions normalize, we are confident that our organic growth will return to levels approaching our long-term track record and future targets," he concluded.
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Analyst Views on FSV
Wall Street analysts forecast FSV stock price to rise
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 153.920
Low
205.00
Averages
211.83
High
216.00
Current: 153.920
Low
205.00
Averages
211.83
High
216.00
About FSV
FirstService Corporation is a provider of residential property management and other essential property services to residential and commercial customers. Its segments include FirstService Residential and FirstService Brands. FirstService Residential is a full-service property manager and, in many markets, provides a full range of ancillary services primarily in the areas: on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel; proprietary banking and insurance products, and energy conservation and management solutions. FirstService Brands provides a range of essential property services to residential and commercial customers in North America through its own locations and franchise networks. Its principal brands include First Onsite Property Restoration, Paul Davis Restoration, Roofing Corp of America, Century Fire Protection, California Closets, CertaPro Painters, and Pillar to Post Home Inspectors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
FirstService Residential Receives Two Community Management Awards
- Community Excellence Award: The Concordia Homeowners Association, managed by FirstService Residential, was awarded Community of the Year (1,000+ units), recognizing its outstanding contributions to education, advocacy, and best practices, thereby highlighting the company's leadership in advancing the community association industry.
- Outstanding Manager Award: Michael Canberg, General Manager at FirstService Residential, received the Candice Bladt Community Manager of the Year Award, underscoring his professional excellence in supporting associations and advancing CAI-NJ's mission, further enhancing the company's reputation in the industry.
- Leadership Recognition: Michael Mendillo, President of FirstService Residential, stated that these honors reflect the collaborative efforts of engaged residents, committed community leaders, and an experienced management team, emphasizing Concordia's role as a benchmark for community excellence.
- Commitment to Customer Service: FirstService Residential is dedicated to enhancing property value and resident quality of life through its professional property management and customer service philosophy, ensuring 24/7 customer care and tailored lifestyle programming.
See More
FirstService Residential Appoints New CMO Amid Growth
- Executive Appointment: FirstService Residential has appointed Isadora Badi as Chief Marketing Officer during a period of rapid expansion, aiming to enhance brand and marketing capabilities to address the increasingly complex needs of community management, thereby strengthening the company's competitive edge in the industry.
- Growing Market Demand: With nearly 80% of new housing stock being developed within managed community associations, this reflects the rapid growth of the sector, and Badi's appointment is strategically aligned to meet the rising demand for professional guidance and trusted partnerships in communities.
- Brand Strategy Evolution: Since joining in May 2022, Badi has driven the unification and evolution of the brand, emphasizing a customer-centric service philosophy that enhances the company's brand value and market impact in community management.
- Innovative Technology Implementation: Under Badi's leadership, FirstService has launched innovative technologies such as the HODA® digital assistant, aimed at providing data-driven decision support and educational initiatives to help clients better understand and utilize community management services, thus enhancing customer satisfaction and loyalty.
See More
Miami's Skyline Sessions Redefines Luxury Living
- New Video Series Launch: FirstService Residential has launched Skyline Sessions, a video series that focuses on defining excellence in luxury high-rise living, aiming to elevate industry standards through conversations with developers, architects, and designers.
- Miami Market Premiere: The premiere episode highlights Miami and South Florida, showcasing how the region has become a global benchmark for luxury real estate, emphasizing the intersection of design ambition and operational excellence in high-rise buildings.
- Themes of Industry Transformation: The series explores key themes in today's luxury high-rise market, including the evolution of amenities, the importance of operational excellence, and early collaboration among developers and management teams, reflecting the market's emphasis on sustainability and long-term performance.
- Strategic Partnership: FirstService Residential partnered with Gladstone Media Group, leveraging their expertise in real estate and lifestyle storytelling to ensure Skyline Sessions is not only visually compelling but also insightful and purposeful.
See More
FirstService Launches New Resident Insurance Solution
- Coverage Gap Addressed: FirstService Residential's new resident insurance solution aims to close the insurance coverage gap, as studies indicate that about two-thirds of homes nationwide may be underinsured, leading to extra costs and frustrations for residents during claims, which can also affect neighbors.
- Convenient Insurance Options: Through a partnership with VIU by HUB, residents can compare quotes from over 50 top national insurers on a single platform, simplifying the insurance decision-making process and enhancing residents' convenience.
- Neutral Professional Advice: VIU by HUB's licensed advisors provide quick quotes and expert guidance, ensuring residents receive tailored insurance solutions based on their needs, thereby improving the overall protection level within the community.
- Positive Community Impact: By launching this new program, FirstService Residential demonstrates proactive thinking in protecting residents, helping them and their neighbors better address potential underinsurance issues, which enhances community safety and satisfaction.
See More
Liberty All-Star Growth Fund January 2026 Monthly Update
- Investment Strategy Overview: The Liberty All-Star Growth Fund employs an all-cap growth investment style, combining three investment managers with distinct capitalization focuses—small, mid, and large-cap—to ensure portfolio diversity and risk management.
- Monthly Performance Data: As of the end of January, the fund's net asset value (NAV) stood at $5.77, with a market price of $5.25, reflecting a 9.0% discount; however, the monthly performance rebounded by 0.71%, indicating the impact of market fluctuations.
- Portfolio Changes: New holdings include companies like Arista Networks and Expedia, while positions in AMD and Bank of America were liquidated, demonstrating the fund's strategy of dynamically adjusting its portfolio to adapt to market changes.
- Sector Distribution Analysis: The fund's portfolio shows a significant concentration in high-growth sectors, with Information Technology and Industrials comprising 26.7% and 25.4% respectively, indicating a strategic focus on capturing future growth opportunities in these industries.
See More
FirstService Corp Reports Q4 Earnings Growth
- Earnings Growth: FirstService Corp. reported fourth-quarter earnings of $50.349 million, translating to $0.85 per share, which marks a significant increase from last year's $50.179 million and $0.71 per share, indicating robust market performance.
- Adjusted Earnings: Excluding items, the company posted adjusted earnings of $62.566 million or $1.37 per share, showcasing strong profitability in its core operations and further boosting investor confidence.
- Revenue Increase: The revenue for the fourth quarter rose by 1.3% to $1.383 billion compared to $1.365 billion last year, demonstrating the company's ability to maintain stable revenue growth in a competitive market environment.
- Financial Health: The overall improvement in financial performance not only enhances the company's profitability but also provides a solid foundation for future investments and expansion, strengthening its competitive position in the industry.
See More
FirstService Residential Receives Two Community Management Awards
- Community Excellence Award: The Concordia Homeowners Association, managed by FirstService Residential, was awarded Community of the Year (1,000+ units), recognizing its outstanding contributions to education, advocacy, and best practices, thereby highlighting the company's leadership in advancing the community association industry.
- Outstanding Manager Award: Michael Canberg, General Manager at FirstService Residential, received the Candice Bladt Community Manager of the Year Award, underscoring his professional excellence in supporting associations and advancing CAI-NJ's mission, further enhancing the company's reputation in the industry.
- Leadership Recognition: Michael Mendillo, President of FirstService Residential, stated that these honors reflect the collaborative efforts of engaged residents, committed community leaders, and an experienced management team, emphasizing Concordia's role as a benchmark for community excellence.
- Commitment to Customer Service: FirstService Residential is dedicated to enhancing property value and resident quality of life through its professional property management and customer service philosophy, ensuring 24/7 customer care and tailored lifestyle programming.
See More
FirstService Residential Appoints New CMO Amid Growth
- Executive Appointment: FirstService Residential has appointed Isadora Badi as Chief Marketing Officer during a period of rapid expansion, aiming to enhance brand and marketing capabilities to address the increasingly complex needs of community management, thereby strengthening the company's competitive edge in the industry.
- Growing Market Demand: With nearly 80% of new housing stock being developed within managed community associations, this reflects the rapid growth of the sector, and Badi's appointment is strategically aligned to meet the rising demand for professional guidance and trusted partnerships in communities.
- Brand Strategy Evolution: Since joining in May 2022, Badi has driven the unification and evolution of the brand, emphasizing a customer-centric service philosophy that enhances the company's brand value and market impact in community management.
- Innovative Technology Implementation: Under Badi's leadership, FirstService has launched innovative technologies such as the HODA® digital assistant, aimed at providing data-driven decision support and educational initiatives to help clients better understand and utilize community management services, thus enhancing customer satisfaction and loyalty.
See More
Miami's Skyline Sessions Redefines Luxury Living
- New Video Series Launch: FirstService Residential has launched Skyline Sessions, a video series that focuses on defining excellence in luxury high-rise living, aiming to elevate industry standards through conversations with developers, architects, and designers.
- Miami Market Premiere: The premiere episode highlights Miami and South Florida, showcasing how the region has become a global benchmark for luxury real estate, emphasizing the intersection of design ambition and operational excellence in high-rise buildings.
- Themes of Industry Transformation: The series explores key themes in today's luxury high-rise market, including the evolution of amenities, the importance of operational excellence, and early collaboration among developers and management teams, reflecting the market's emphasis on sustainability and long-term performance.
- Strategic Partnership: FirstService Residential partnered with Gladstone Media Group, leveraging their expertise in real estate and lifestyle storytelling to ensure Skyline Sessions is not only visually compelling but also insightful and purposeful.
See More
FirstService Launches New Resident Insurance Solution
- Coverage Gap Addressed: FirstService Residential's new resident insurance solution aims to close the insurance coverage gap, as studies indicate that about two-thirds of homes nationwide may be underinsured, leading to extra costs and frustrations for residents during claims, which can also affect neighbors.
- Convenient Insurance Options: Through a partnership with VIU by HUB, residents can compare quotes from over 50 top national insurers on a single platform, simplifying the insurance decision-making process and enhancing residents' convenience.
- Neutral Professional Advice: VIU by HUB's licensed advisors provide quick quotes and expert guidance, ensuring residents receive tailored insurance solutions based on their needs, thereby improving the overall protection level within the community.
- Positive Community Impact: By launching this new program, FirstService Residential demonstrates proactive thinking in protecting residents, helping them and their neighbors better address potential underinsurance issues, which enhances community safety and satisfaction.
See More
Liberty All-Star Growth Fund January 2026 Monthly Update
- Investment Strategy Overview: The Liberty All-Star Growth Fund employs an all-cap growth investment style, combining three investment managers with distinct capitalization focuses—small, mid, and large-cap—to ensure portfolio diversity and risk management.
- Monthly Performance Data: As of the end of January, the fund's net asset value (NAV) stood at $5.77, with a market price of $5.25, reflecting a 9.0% discount; however, the monthly performance rebounded by 0.71%, indicating the impact of market fluctuations.
- Portfolio Changes: New holdings include companies like Arista Networks and Expedia, while positions in AMD and Bank of America were liquidated, demonstrating the fund's strategy of dynamically adjusting its portfolio to adapt to market changes.
- Sector Distribution Analysis: The fund's portfolio shows a significant concentration in high-growth sectors, with Information Technology and Industrials comprising 26.7% and 25.4% respectively, indicating a strategic focus on capturing future growth opportunities in these industries.
See More
FirstService Corp Reports Q4 Earnings Growth
- Earnings Growth: FirstService Corp. reported fourth-quarter earnings of $50.349 million, translating to $0.85 per share, which marks a significant increase from last year's $50.179 million and $0.71 per share, indicating robust market performance.
- Adjusted Earnings: Excluding items, the company posted adjusted earnings of $62.566 million or $1.37 per share, showcasing strong profitability in its core operations and further boosting investor confidence.
- Revenue Increase: The revenue for the fourth quarter rose by 1.3% to $1.383 billion compared to $1.365 billion last year, demonstrating the company's ability to maintain stable revenue growth in a competitive market environment.
- Financial Health: The overall improvement in financial performance not only enhances the company's profitability but also provides a solid foundation for future investments and expansion, strengthening its competitive position in the industry.
See More
