Maximus (MMS) Cost of Revenue (2009 - 2026)
Maximus' (MMS) quarterly Cost of Revenue came in at $930.2 million in Q2 2026, down 5.94% year-over-year from $988.9 million in Q2 2025, and down 3.48% quarter-over-quarter from $963.7 million in Q1 2026.
Analysis
Maximus (MMS) Cost of Revenue (2009 - 2026) Analysis & Trends
Maximus (MMS) has reported Cost of Revenue for 18 consecutive years, with $930.2 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cost of Revenue fell 5.94% year-over-year to $930.2 million in Q2 2026; TTM through Jun 2026 was $3.9 billion, a 5.38% decrease from a year earlier, with the FY2025 full-year figure at $4.1 billion, up 1.07% from the prior year.
- Cost of Revenue was $930.2 million for Q2 2026 at Maximus, down from $963.7 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $1.1 billion in Q4 2024 and troughed at $904.0 million in Q3 2022.
- A 5-year average of $984.3 million and a median of $983.7 million in 2024 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue jumped 30.23% in 2022 and slipped 6.79% in 2025, its largest moves.
- Over 5 years, Cost of Revenue stood at $1.0 billion in 2022, then increased by 2.24% to $1.0 billion in 2023, then advanced by 7.22% to $1.1 billion in 2024, then fell by 6.79% to $1.0 billion in 2025, then dropped by 9.37% to $930.2 million in 2026.
- The last three Cost of Revenue figures came in at $930.2 million (Q2 2026), $963.7 million (Q1 2026), and $1.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 107.93 Bn | 97.76 Bn | 6.13 Bn | 12.58 Bn |
| 2 | UL Solutions | 14.72 Bn | 14.29 Bn | 417.00 Mn | 399.00 Mn |
| 3 | Gartner | 11.25 Bn | 9.76 Bn | 1.19 Bn | 486.91 Mn |
| 4 | Tetra Tech | 9.17 Bn | 8.94 Bn | 243.21 Mn | 865.35 Mn |
| 5 | Booz Allen Hamilton Holding | 8.68 Bn | 8.14 Bn | 1.46 Bn | 1.34 Bn |
| 6 | Genpact | 5.90 Bn | 5.38 Bn | 490.34 Mn | 853.10 Mn |
| 7 | Fti Consulting | 4.32 Bn | 4.15 Bn | 316.27 Mn | 677.19 Mn |
| 8 | Korn Ferry | 4.16 Bn | 3.02 Bn | 685.99 Mn | 82.26 Mn |
| 9 | Grand Canyon Education | 3.92 Bn | 3.65 Bn | 204.08 Mn | 59.96 Mn |
| 10 | Maximus | 2.96 Bn | 2.90 Bn | 348.80 Mn | 930.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 930.17 Mn |
| Mar 31, 2026 | 963.70 Mn |
| Dec 31, 2025 | 1.03 Bn |
| Sep 30, 2025 | 984.86 Mn |
| Jun 30, 2025 | 988.89 Mn |
| Mar 31, 2025 | 1.02 Bn |
| Dec 31, 2024 | 1.10 Bn |
| Sep 30, 2024 | 1.01 Bn |
| Jun 30, 2024 | 982.62 Mn |
| Mar 31, 2024 | 1.03 Bn |
| Dec 31, 2023 | 1.03 Bn |
| Sep 30, 2023 | 969.06 Mn |
| Jun 30, 2023 | 924.31 Mn |
| Mar 31, 2023 | 978.25 Mn |
| Dec 31, 2022 | 1.00 Bn |
| Sep 30, 2022 | 904.05 Mn |
| Jun 30, 2022 | 915.56 Mn |
| Mar 31, 2022 | 948.88 Mn |
| Dec 31, 2021 | 922.72 Mn |
| Sep 30, 2021 | 887.73 Mn |