Maximus (MMS) Operating Expenses (2009 - 2026)

Maximus' Operating Expenses history runs 18 years deep, the most recent figure standing at $173.5 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 6.52% year-over-year to $173.5 million; the TTM figure through Mar 2026 stood at $684.2 million (down 0.63% YoY), while the FY2025 annual figure was $713.1 million, up 6.18% from the prior year.
• Operating Expenses was $173.5 million for Q1 2026 at Maximus, up from $152.2 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $191.7 million in Q4 2024 to a low of $130.3 million in Q1 2022.
• Historically, Operating Expenses has averaged $162.3 million across 5 years, with a median of $167.0 million in 2024.
• The sharpest annual moves came in 2023 and 2025: Operating Expenses surged 37.28% in 2023, then slipped 20.64% in 2025.
• A 5-year view of Operating Expenses shows it stood at $146.5 million in 2022, then climbed by 15.53% to $169.2 million in 2023, then climbed by 13.32% to $191.7 million in 2024, then retreated by 20.64% to $152.2 million in 2025, then climbed by 14.01% to $173.5 million in 2026.
• The last three Operating Expenses figures came in at $173.5 million (Q1 2026), $152.2 million (Q4 2025), and $187.7 million (Q3 2025), per Business Quant data.