FirstService Posts Modest Q2 2026 Growth on Strength at Residential Division
Claim 55% Off TipRanks
- Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
- Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks
FirstService ( (TSE:FSV) ) just unveiled an update.
FirstService Corporation, a major North American provider of outsourced property services through its FirstService Residential and FirstService Brands divisions, reported second-quarter 2026 results on July 23, 2026, showing modest growth despite macroeconomic headwinds. For the quarter ended June 30, 2026, consolidated revenue rose 2% year over year to $1.45 billion, adjusted EBITDA increased 3% to $161.7 million, and adjusted EPS grew 2% to $1.75, while GAAP diluted EPS edged down to $1.00.
Over the first six months of 2026, revenue climbed 4% to $2.77 billion and GAAP diluted EPS improved to $1.43 from $1.07, underscoring steady profitability gains. Performance was driven by 5% organic growth at FirstService Residential, which lifted segment revenue 4% to $616.8 million despite a non-core divestiture, while FirstService Brands posted a 1% revenue increase to $832.4 million amid a 3% organic decline tied to softer Roofing Corp. of America activity, signaling mixed demand dynamics across the company’s service portfolio.
The most recent analyst rating on (TSE:FSV) stock is a Buy
with a C$204.00 price target.
To see the full list of analyst forecasts on FirstService stock,
see the TSE:FSV Stock Forecast page.
Spark’s Take on FSV Stock
According to Spark, TipRanks’ AI Analyst, FSV is a Neutral.
The score is driven primarily by solid financial performance (strong multi-year growth and improving free cash flow), partially offset by thin net margins and leverage. Technicals are neutral-to-weak with the stock still below longer-term moving averages. Valuation is the biggest drag due to a very high P/E and low dividend yield, while the latest earnings call indicates steady consolidated growth but notable near-term pressure in the Brands segment.
To see Spark’s full report on FSV stock,
click here.
More about FirstService
FirstService Corporation is a North American leader in essential outsourced property services, operating through two main platforms: FirstService Residential, the largest manager of residential communities, and FirstService Brands, a major provider of property services via company-owned operations and franchises. The company generates more than US$5.5 billion in annual revenue, employs about 30,000 people across North America, and its shares trade on NASDAQ and the Toronto Stock Exchange under the symbol FSV.
Average Trading Volume: 138,661
Technical Sentiment Signal: Sell
Current Market Cap: C$9.3B
For detailed information about FSV stock, go to TipRanks’ Stock Analysis page.
