Cost-Plus was Parsons’s largest revenue line in fiscal 2025, bringing in $2.69B of $6.36B (42%).
| Contract with Customer, Basis of Pricing | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Cost-Plus | $1.89B | $2.28B | $2.49B | $2.69B | ||||
| Fixed-Price | $1.14B | $1.81B | $2.84B | $2.14B | ||||
| Time-&-Materials | $1.17B | $1.35B | $1.42B | $1.54B | ||||
| Total | $4.20B | $5.44B | $6.75B | $6.36B |
Parsons brought in $6.36B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 5.7% from $6.75B in fiscal 2024. Cost-Plus was the largest at $2.69B (42.3%), ahead of Fixed-Price at $2.14B (33.6%) and Time-&-Materials at $1.54B (24.1%).
Compared with fiscal 2024, Time-&-Materials grew fastest, up 8.2% to $1.54B, while Fixed-Price fell the most, down 24.8% to $2.14B. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $4.20B to $6.36B, a compound annual growth rate of 14.9%. Cost-Plus' share of the total fell from 45.1% to 42.3%.
North America was Parsons’s largest region in fiscal 2025, bringing in $5.18B of $6.36B (81%).
| Geography | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| North America | $3.46B | $4.48B | $5.68B | $5.18B | |||||
| Middle East | $710.83M | $943.18M | $1.05B | $1.16B | |||||
| Rest Of World | $21.31M | $18.08M | $20.13M | $19.80M | |||||
| Total | $4.20B | $5.44B | $6.75B | $6.36B |
Parsons brought in $6.36B from its three regions in fiscal 2025, the year ended December 31, 2025. That was down 5.7% from $6.75B in fiscal 2024. North America was the largest at $5.18B (81.4%), ahead of Middle East at $1.16B (18.3%) and Rest Of World at $19.80M (0.3%).
Compared with fiscal 2024, Middle East grew 10.4% to $1.16B, while North America fell 8.7% to $5.18B. From fiscal 2022 to 2025, combined revenue from these regions grew from $4.20B to $6.36B, a compound annual growth rate of 14.9%. North America's share of the total fell from 82.5% to 81.4%.
Critical Infrastructure was Parsons’s largest segment in fiscal 2025, bringing in $1.97B of $3.85B (51%).
| Subsegments | FY 2017 | FY 2018 | FY 2018 | FY 2018 | FY 2018 | FY 2019 | FY 2019 | FY 2019 | FY 2019 | FY 2020 | FY 2020 | FY 2020 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Federal Solution | $2.21B | $3.02B | $909.61M | $4.01B | $1.87B | ||||||||||||||
| Critical Infrastructure | $1.27B | $1.47B | $626.07M | $1.68B | $1.97B | ||||||||||||||
| Total | $3.48B | $4.49B | $1.54B | $5.69B | $3.85B |
Parsons brought in $3.85B from its two segments in fiscal 2025, the year ended December 31, 2025. That is less than the $6.36B it reports by contract with customer, basis of pricing, so these segments do not cover all of its revenue. Critical Infrastructure was the largest at $1.97B (51.3%), ahead of Federal Solution at $1.87B (48.7%).
Compared with fiscal 2024, Critical Infrastructure grew 17.2% to $1.97B, while Federal Solution fell 53.3% to $1.87B.
Parsons (PSN) reports its revenue by contract with customer, basis of pricing, by geography and by subsegments. In fiscal 2025, Cost-Plus was its largest revenue line, bringing in $2.69B (42.3% of the total), followed by Fixed-Price at $2.14B (33.6%).
Cost-Plus was Parsons' largest revenue line in fiscal 2025, bringing in $2.69B, or 42.3% of the $6.36B total across its three revenue lines.
North America was Parsons' largest region in fiscal 2025, bringing in $5.18B, or 81.4% of the $6.36B total across its three regions.
Critical Infrastructure was Parsons' largest segment in fiscal 2025, bringing in $1.97B, or 51.3% of the $3.85B total across its two segments.
Among Parsons' revenue lines that make up at least 2% of revenue, Time-&-Materials grew fastest in fiscal 2025, up 8.2% from $1.42B to $1.54B.
Every figure comes from Parsons' annual financial filings, as reported. Each line keeps the name Parsons gives it, and years follow its fiscal calendar.
Parsons' revenue by contract with customer, basis of pricing goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.