Growth Metrics

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

Maximus has reported Cost of Revenue over the past 17 years, most recently at $1.0 billion for Q4 2025.

  • Quarterly results put Cost of Revenue at $1.0 billion for Q4 2025, down 6.79% from a year ago — trailing twelve months through Dec 2025 was $4.0 billion (down 2.56% YoY), and the annual figure for FY2025 was $4.1 billion, up 1.07%.
  • Cost of Revenue for Q4 2025 was $1.0 billion at Maximus, up from $984.9 million in the prior quarter.
  • Over the last five years, Cost of Revenue for MMS hit a ceiling of $1.1 billion in Q4 2024 and a floor of $728.6 million in Q1 2021.
  • Median Cost of Revenue over the past 5 years was $980.4 million (2023), compared with a mean of $965.7 million.
  • Biggest five-year swings in Cost of Revenue: surged 32.96% in 2021 and later dropped 6.79% in 2025.
  • Maximus' Cost of Revenue stood at $922.7 million in 2021, then increased by 8.86% to $1.0 billion in 2022, then rose by 2.24% to $1.0 billion in 2023, then rose by 7.22% to $1.1 billion in 2024, then dropped by 6.79% to $1.0 billion in 2025.
  • The last three reported values for Cost of Revenue were $1.0 billion (Q4 2025), $984.9 million (Q3 2025), and $988.9 million (Q2 2025) per Business Quant data.