Maximus (MMS) Cost of Revenue (2016 - 2026)
Quarterly Cost of Revenue fell 5.79% to $963.7 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $4.0 billion through Mar 2026, down 3.81% year-over-year, with the annual reading at $4.1 billion for FY2025, 1.07% up from the prior year.
Maximus' Cost of Revenue history spans 18 years, with the latest figure at $963.7 million for Q1 2026.
- Cost of Revenue came in at $963.7 million for Q1 2026, down from $1.0 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $1.1 billion in Q4 2024 to a low of $904.0 million in Q3 2022.
- The 5-year median for Cost of Revenue is $984.9 million (2025), against an average of $987.5 million.
- Year-over-year, Cost of Revenue surged 30.23% in 2022 and then dropped 6.79% in 2025.
- Maximus' Cost of Revenue stood at $1.0 billion in 2022, then grew by 2.24% to $1.0 billion in 2023, then grew by 7.22% to $1.1 billion in 2024, then decreased by 6.79% to $1.0 billion in 2025, then dropped by 6.11% to $963.7 million in 2026.
- Per Business Quant, the three most recent readings for MMS's Cost of Revenue are $963.7 million (Q1 2026), $1.0 billion (Q4 2025), and $984.9 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | - |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 1.39 Bn |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 150.43 Mn |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 377.00 Mn |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | 1.27 Bn |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 365.10 Mn |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 4.48 Bn |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 3.13 Bn |
| 10 | Maximus | 3.32 Bn | 3.16 Bn | 342.26 Mn | 963.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 963.70 Mn |
| Mar 31, 2026 | 963.70 Mn |
| Dec 31, 2025 | 1.03 Bn |
| Dec 31, 2025 | 1.03 Bn |
| Sep 30, 2025 | 984.86 Mn |
| Sep 30, 2025 | 984.86 Mn |
| Jun 30, 2025 | 988.89 Mn |
| Jun 30, 2025 | 988.89 Mn |
| Mar 31, 2025 | 1.02 Bn |
| Mar 31, 2025 | 1.02 Bn |
| Dec 31, 2024 | 1.10 Bn |
| Dec 31, 2024 | 1.10 Bn |
| Sep 30, 2024 | 1.01 Bn |
| Sep 30, 2024 | 1.01 Bn |
| Jun 30, 2024 | 982.62 Mn |
| Jun 30, 2024 | 982.62 Mn |
| Mar 31, 2024 | 1.03 Bn |
| Mar 31, 2024 | 1.03 Bn |
| Dec 31, 2023 | 1.03 Bn |
| Dec 31, 2023 | 1.03 Bn |
| Sep 30, 2023 | 969.06 Mn |
| Sep 30, 2023 | 969.06 Mn |
| Jun 30, 2023 | 924.31 Mn |
| Jun 30, 2023 | 924.31 Mn |
| Mar 31, 2023 | 978.25 Mn |
| Mar 31, 2023 | 978.25 Mn |
| Dec 31, 2022 | 1.00 Bn |
| Dec 31, 2022 | 1.00 Bn |
| Sep 30, 2022 | 904.05 Mn |
| Sep 30, 2022 | 904.05 Mn |
| Jun 30, 2022 | 915.56 Mn |
| Jun 30, 2022 | 915.56 Mn |
| Mar 31, 2022 | 948.88 Mn |
| Mar 31, 2022 | 948.88 Mn |
| Dec 31, 2021 | 922.72 Mn |
| Dec 31, 2021 | 922.72 Mn |
| Sep 30, 2021 | 887.73 Mn |
| Sep 30, 2021 | 887.73 Mn |
| Jun 30, 2021 | 951.66 Mn |
| Jun 30, 2021 | 951.66 Mn |
| Mar 31, 2021 | 728.62 Mn |
| Mar 31, 2021 | 728.62 Mn |
| Dec 31, 2020 | 739.50 Mn |
| Dec 31, 2020 | 739.50 Mn |
| Sep 30, 2020 | 726.99 Mn |
| Sep 30, 2020 | 726.99 Mn |
| Jun 30, 2020 | 715.73 Mn |
| Jun 30, 2020 | 715.73 Mn |
| Mar 31, 2020 | 665.04 Mn |
| Mar 31, 2020 | 665.04 Mn |
| Dec 31, 2019 | 642.78 Mn |
| Dec 31, 2019 | 642.78 Mn |
| Sep 30, 2019 | 586.72 Mn |
| Sep 30, 2019 | 586.72 Mn |
| Jun 30, 2019 | 556.46 Mn |
| Jun 30, 2019 | 556.46 Mn |
| Mar 31, 2019 | 567.10 Mn |
| Mar 31, 2019 | 567.10 Mn |
| Dec 31, 2018 | 505.35 Mn |
| Dec 31, 2018 | 505.35 Mn |
| Sep 30, 2018 | 419.51 Mn |
| Sep 30, 2018 | 419.51 Mn |
| Jun 30, 2018 | 443.17 Mn |
| Jun 30, 2018 | 443.17 Mn |
| Mar 31, 2018 | 463.98 Mn |
| Mar 31, 2018 | 463.98 Mn |
| Dec 31, 2017 | 471.19 Mn |
| Dec 31, 2017 | 471.19 Mn |
| Sep 30, 2017 | 458.32 Mn |
| Sep 30, 2017 | 458.32 Mn |
| Jun 30, 2017 | 448.26 Mn |
| Jun 30, 2017 | 448.26 Mn |
| Mar 31, 2017 | 469.73 Mn |
| Mar 31, 2017 | 469.73 Mn |
| Dec 31, 2016 | 462.75 Mn |
| Dec 31, 2016 | 462.75 Mn |
| Sep 30, 2016 | 470.16 Mn |
| Sep 30, 2016 | 470.16 Mn |
| Jun 30, 2016 | 465.72 Mn |
| Jun 30, 2016 | 465.72 Mn |