Growth Metrics

Maximus (MMS) Operating Margin (2016 - 2025)

Maximus (MMS) has disclosed Operating Margin for 17 consecutive years, with 10.87% as the latest value for Q4 2025.

  • On a quarterly basis, Operating Margin rose 468.0% to 10.87% in Q4 2025 year-over-year; TTM through Dec 2025 was 10.94%, a 225.0% increase, with the full-year FY2025 number at 9.73%, up 52.0% from a year prior.
  • Operating Margin was 10.87% for Q4 2025 at Maximus, up from 9.32% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 12.29% in Q2 2025 to a low of 4.85% in Q2 2022.
  • A 5-year average of 8.4% and a median of 8.3% in 2023 define the central range for Operating Margin.
  • Peak YoY movement for Operating Margin: skyrocketed 724bps in 2021, then crashed -638bps in 2022.
  • Maximus' Operating Margin stood at 7.08% in 2021, then decreased by -16bps to 5.99% in 2022, then surged by 35bps to 8.1% in 2023, then fell by -24bps to 6.19% in 2024, then surged by 76bps to 10.87% in 2025.
  • Per Business Quant, the three most recent readings for MMS's Operating Margin are 10.87% (Q4 2025), 9.32% (Q3 2025), and 12.29% (Q2 2025).