Growth Metrics

Maximus (MMS) Cost of Revenue (2016 - 2025)

Maximus (MMS) has disclosed Cost of Revenue for 17 consecutive years, with $1.0 billion as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 6.79% to $1.0 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $4.0 billion, a 2.56% decrease, with the full-year FY2025 number at $4.1 billion, up 1.07% from a year prior.
  • Cost of Revenue was $1.0 billion for Q4 2025 at Maximus, up from $984.9 million 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 $728.6 million in Q1 2021.
  • A 5-year average of $965.7 million and a median of $980.4 million in 2023 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: surged 32.96% in 2021, then dropped 6.79% in 2025.
  • Maximus' Cost of Revenue stood at $922.7 million in 2021, then rose by 8.86% to $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.
  • Per Business Quant, the three most recent readings for MMS's Cost of Revenue are $1.0 billion (Q4 2025), $984.9 million (Q3 2025), and $988.9 million (Q2 2025).