Maximus (MMS) Cost of Revenue (2009 - 2026)
Maximus (MMS) posted quarterly Cost of Revenue of $963.7 million for Q1 2026, down 5.79% year-over-year from $1.0 billion in Q1 2025, and down 6.11% quarter-over-quarter from $1.0 billion in Q4 2025.
Maximus (MMS) Cost of Revenue (2009 - 2026) Analysis & Trends
Maximus (MMS) has reported Cost of Revenue for 18 consecutive years, with $963.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue fell 5.79% year-over-year to $963.7 million; the TTM figure through Mar 2026 stood at $4.0 billion (down 3.81% YoY), while the FY2025 annual figure was $4.1 billion, up 1.07% from the prior year.
- Cost of Revenue declined to $963.7 million in Q1 2026 per MMS's latest filing, from $1.0 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $1.1 billion in Q4 2024 and bottomed at $904.0 million in Q3 2022.
- Historically, Cost of Revenue has averaged $987.5 million across 5 years, with a median of $984.9 million in 2025.
- Annual changes were most pronounced in 2022 — Cost of Revenue surged 30.23% — and 2025, when it dropped 6.79%.
- Maximus' Cost of Revenue stood at $1.0 billion in 2022, then gained 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 retreated by 6.11% to $963.7 million in 2026.
- Business Quant data shows MMS's Cost of Revenue at $963.7 million in Q1 2026, $1.0 billion in Q4 2025, and $984.9 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.69 Bn | 81.40 Bn | 1.48 Bn | 1.42 Bn |
| 2 | Relx | 64.97 Bn | 64.80 Bn | - | - |
| 3 | Copart | 32.09 Bn | 28.74 Bn | 732.88 Mn | 504.19 Mn |
| 4 | Global Payments | 24.80 Bn | 19.40 Bn | 2.03 Bn | 1.29 Bn |
| 5 | Rb Global | 16.24 Bn | 15.72 Bn | 935.50 Mn | 381.60 Mn |
| 6 | Aramark | 15.68 Bn | 15.18 Bn | 430.34 Mn | 4.63 Bn |
| 7 | UL Solutions | 15.20 Bn | 14.77 Bn | 417.00 Mn | 399.00 Mn |
| 8 | Rentokil Initial | 11.80 Bn | 9.27 Bn | - | - |
| 9 | Dolby Laboratories | 6.05 Bn | 5.38 Bn | 264.68 Mn | 40.32 Mn |
| 10 | Maximus | 3.05 Bn | 2.99 Bn | 348.80 Mn | 930.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 930.17 Mn |
| Jun 30, 2026 | 930.17 Mn |
| 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 |