Maximus (MMS) Cost of Revenue (2009 - 2026)

Maximus' Cost of Revenue history runs 18 years deep, the most recent figure standing at $963.7 million for 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 was $963.7 million for Q1 2026 at Maximus, 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.
• Historically, Cost of Revenue has averaged $987.5 million across 5 years, with a median of $984.9 million in 2025.
• The sharpest annual moves came in 2022 and 2025: Cost of Revenue soared 30.23% in 2022, then declined 6.79% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $1.0 billion in 2022, then advanced by 2.24% to $1.0 billion in 2023, then increased by 7.22% to $1.1 billion in 2024, then slipped by 6.79% to $1.0 billion in 2025, then decreased by 6.11% to $963.7 million in 2026.
• The last three Cost of Revenue figures came in at $963.7 million (Q1 2026), $1.0 billion (Q4 2025), and $984.9 million (Q3 2025), per Business Quant data.