Maximus (MMS) Operating Expenses (2009 - 2026)

Maximus' (MMS) quarterly Operating Expenses came in at $173.5 million in Q1 2026, up 6.52% year-on-year from $162.9 million in Q1 2025, and up 14.01% on a QoQ basis from $152.2 million in Q4 2025.

Maximus (MMS) Operating Expenses (2009 - 2026) Analysis & Trends

Maximus (MMS) has 18 years of Operating Expenses data on file, last reported at $173.5 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 6.52% year-over-year to $173.5 million in Q1 2026; TTM through Mar 2026 was $684.2 million, a 0.63% decrease from a year earlier, with the FY2025 full-year figure at $713.1 million, up 6.18% from the prior year.
  • Operating Expenses for Q1 2026 stood at $173.5 million, up from $152.2 million in the prior quarter.
  • Over the last five years, Operating Expenses for MMS reached as high as $191.7 million in Q4 2024 and fell as low as $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.
  • Across the five-year window, Operating Expenses surged 37.28% in 2023 and fell 20.64% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $146.5 million in 2022, then grew by 15.53% to $169.2 million in 2023, then grew by 13.32% to $191.7 million in 2024, then decreased by 20.64% to $152.2 million in 2025, then grew by 14.01% to $173.5 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $173.5 million in Q1 2026, $152.2 million in Q4 2025, and $187.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Cintas 81.31 Bn 81.12 Bn 1.45 Bn 788.55 Mn
2 Rentokil Initial 73.75 Bn 71.25 Bn - 6.06 Bn
3 Relx 60.28 Bn 60.04 Bn - -
4 Thomson Reuters 38.09 Bn 37.23 Bn - -1.20 Bn
5 Copart 25.18 Bn 21.85 Bn 732.88 Mn 772.78 Mn
6 Global Payments 21.29 Bn 16.10 Bn 1.70 Bn 2.99 Bn
7 Rb Global 20.33 Bn 20.14 Bn 927.90 Mn 1.02 Bn
8 UL Solutions 17.42 Bn 17.18 Bn 381.00 Mn 243.00 Mn
9 Aramark 15.00 Bn 14.59 Bn 426.39 Mn 4.69 Bn
10 Maximus 3.05 Bn 2.89 Bn 342.26 Mn 173.48 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 173.48 Mn
Dec 31, 2025 152.16 Mn
Sep 30, 2025 187.68 Mn
Jun 30, 2025 170.83 Mn
Mar 31, 2025 162.86 Mn
Dec 31, 2024 191.74 Mn
Sep 30, 2024 166.90 Mn
Jun 30, 2024 167.03 Mn
Mar 31, 2024 168.45 Mn
Dec 31, 2023 169.20 Mn
Sep 30, 2023 167.78 Mn
Jun 30, 2023 182.55 Mn
Mar 31, 2023 142.45 Mn
Dec 31, 2022 146.45 Mn
Sep 30, 2022 146.99 Mn
Jun 30, 2022 132.97 Mn
Mar 31, 2022 130.31 Mn
Dec 31, 2021 124.22 Mn
Sep 30, 2021 129.59 Mn
Jun 30, 2021 140.13 Mn