Maximus (MMS) Operating Margin (2009 - 2026)
Maximus (MMS) posted quarterly Operating Margin of 11.37% for Q1 2026, up 14.0% year-over-year from 9.97% in Q1 2025, and up 4.6% quarter-over-quarter from 10.87% in Q4 2025.
Maximus (MMS) Operating Margin (2009 - 2026) Analysis & Trends
Maximus (MMS) has reported Operating Margin for 18 consecutive years, with 11.37% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 14.0% year-over-year to 11.37%; the TTM figure through Mar 2026 stood at 10.97% (up 183.0% YoY), while the FY2025 annual figure was 9.73%, up 52.0% from the prior year.
- Operating Margin rose to 11.37% in Q1 2026 per MMS's latest filing, from 10.87% in the prior quarter.
- Across five years, Operating Margin topped out at 12.29% in Q2 2025 and bottomed at 4.85% in Q2 2022.
- Historically, Operating Margin has averaged 8.41% across 5 years, with a median of 8.49% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin sank 638 bps — and 2024, when it jumped 587 bps.
- Maximus' Operating Margin stood at 5.99% in 2022, then surged by 35 bps to 8.1% in 2023, then slipped by 24 bps to 6.19% in 2024, then surged by 76 bps to 10.87% in 2025, then increased by 5 bps to 11.37% in 2026.
- Business Quant data shows MMS's Operating Margin at 11.37% in Q1 2026, 10.87% in Q4 2025, and 9.32% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.69 Bn | 81.40 Bn | 1.48 Bn | 23.17% |
| 2 | Relx | 64.97 Bn | 64.80 Bn | - | - |
| 3 | Copart | 32.09 Bn | 28.74 Bn | 732.88 Mn | 37.53% |
| 4 | Global Payments | 24.80 Bn | 19.40 Bn | 2.03 Bn | 10.15% |
| 5 | Rb Global | 16.24 Bn | 15.72 Bn | 935.50 Mn | 17.07% |
| 6 | Aramark | 15.68 Bn | 15.18 Bn | 430.34 Mn | 4.26% |
| 7 | UL Solutions | 15.20 Bn | 14.77 Bn | 417.00 Mn | 18.38% |
| 8 | Rentokil Initial | 11.80 Bn | 9.27 Bn | - | - |
| 9 | Dolby Laboratories | 6.05 Bn | 5.38 Bn | 264.68 Mn | 11.25% |
| 10 | Maximus | 3.05 Bn | 2.99 Bn | 348.80 Mn | 12.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.62% |
| Mar 31, 2026 | 11.37% |
| Dec 31, 2025 | 10.87% |
| Sep 30, 2025 | 9.32% |
| Jun 30, 2025 | 12.29% |
| Mar 31, 2025 | 11.23% |
| Dec 31, 2024 | 6.19% |
| Sep 30, 2024 | 8.49% |
| Jun 30, 2024 | 10.78% |
| Mar 31, 2024 | 9.46% |
| Dec 31, 2023 | 8.10% |
| Sep 30, 2023 | 7.87% |
| Jun 30, 2023 | 4.91% |
| Mar 31, 2023 | 5.18% |
| Dec 31, 2022 | 5.99% |
| Sep 30, 2022 | 9.73% |
| Jun 30, 2022 | 4.85% |
| Mar 31, 2022 | 6.39% |
| Dec 31, 2021 | 7.08% |
| Sep 30, 2021 | 6.16% |