Maximus (MMS) Operating Expenses (2016 - 2026)
Quarterly Operating Expenses rose 6.52% to $173.5 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $684.2 million through Mar 2026, down 0.63% year-over-year, with the annual reading at $713.1 million for FY2025, 6.18% up from the prior year.
Maximus' Operating Expenses history spans 18 years, with the latest figure at $173.5 million for Q1 2026.
- Operating Expenses came in at $173.5 million for Q1 2026, 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.
- The 5-year median for Operating Expenses is $167.0 million (2024), against an average of $162.3 million.
- Year-over-year, Operating Expenses skyrocketed 37.28% in 2023 and then decreased 20.64% in 2025.
- Maximus' Operating Expenses stood at $146.5 million in 2022, then increased by 15.53% to $169.2 million in 2023, then increased by 13.32% to $191.7 million in 2024, then fell by 20.64% to $152.2 million in 2025, then increased by 14.01% to $173.5 million in 2026.
- Per Business Quant, the three most recent readings for MMS's Operating Expenses are $173.5 million (Q1 2026), $152.2 million (Q4 2025), and $187.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | 6.06 Bn |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 788.55 Mn |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 732.96 Mn |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 243.00 Mn |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | 2.99 Bn |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 1.02 Bn |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 4.69 Bn |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 124.00 Mn |
| 10 | Maximus | 3.32 Bn | 3.16 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 |
| Mar 31, 2021 | 112.40 Mn |
| Dec 31, 2020 | 111.97 Mn |
| Sep 30, 2020 | -256,000.00 |
| Jun 30, 2020 | 89.58 Mn |
| Mar 31, 2020 | 106.85 Mn |
| Dec 31, 2019 | 87.23 Mn |
| Sep 30, 2019 | 475,000.00 |
| Jun 30, 2019 | 503,000.00 |
| Mar 31, 2019 | -394,000.00 |
| Dec 31, 2018 | -599,000.00 |
| Sep 30, 2018 | 1.90 Mn |
| Jun 30, 2018 | 1.03 Mn |
| Mar 31, 2018 | 2.32 Mn |
| Sep 30, 2017 | 1.05 Mn |
| Jun 30, 2017 | -90,000.00 |
| Mar 31, 2017 | 92,000.00 |
| Dec 31, 2016 | 2.60 Mn |
| Sep 30, 2016 | -365,000.00 |
| Jun 30, 2016 | 2.13 Mn |