Maximus (MMS) Operating Expenses (2009 - 2026)
Maximus (MMS) posted quarterly Operating Expenses of $173.5 million for Q1 2026, up 6.52% year-over-year from $162.9 million in Q1 2025, and up 14.01% quarter-over-quarter from $152.2 million in Q4 2025.
Maximus (MMS) Operating Expenses (2009 - 2026) Analysis & Trends
Maximus (MMS) has reported Operating Expenses for 18 consecutive years, with $173.5 million the latest figure, recorded in 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 grew to $173.5 million in Q1 2026 per MMS's latest filing, from $152.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $191.7 million in Q4 2024 and bottomed at $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.
- Annual changes were most pronounced in 2023 — Operating Expenses jumped 37.28% — and 2025, when it decreased 20.64%.
- Maximus' Operating Expenses stood at $146.5 million in 2022, then advanced by 15.53% to $169.2 million in 2023, then advanced by 13.32% to $191.7 million in 2024, then fell by 20.64% to $152.2 million in 2025, then advanced by 14.01% to $173.5 million in 2026.
- Business Quant data shows MMS's Operating Expenses at $173.5 million in Q1 2026, $152.2 million in Q4 2025, and $187.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.49 Bn | 81.20 Bn | 1.48 Bn | 792.12 Mn |
| 2 | Relx | 65.80 Bn | 65.63 Bn | - | - |
| 3 | Copart | 32.24 Bn | 28.88 Bn | 732.88 Mn | 772.78 Mn |
| 4 | Global Payments | 25.21 Bn | 19.80 Bn | 2.03 Bn | 2.98 Bn |
| 5 | Rb Global | 16.33 Bn | 15.80 Bn | 935.50 Mn | 1.09 Bn |
| 6 | Aramark | 15.70 Bn | 15.20 Bn | 430.34 Mn | 4.84 Bn |
| 7 | UL Solutions | 15.11 Bn | 14.67 Bn | 417.00 Mn | 267.00 Mn |
| 8 | Rentokil Initial | 11.94 Bn | 9.42 Bn | - | - |
| 9 | Dolby Laboratories | 6.09 Bn | 5.42 Bn | 264.68 Mn | 230.36 Mn |
| 10 | Maximus | 3.06 Bn | 3.00 Bn | 348.80 Mn | 167.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 167.19 Mn |
| 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 |