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| Date | Value |
|---|---|
| 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 |