Maximus annual operating expenses
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Maximus Operating Expenses Growth & History (MMS)
Maximus's operating expenses was $805.2M for fiscal 2025.
View full Maximus company overviewMaximus annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-09-30 | $805.2M | $42.0M | +5.50% |
| 2024 | 2024-09-30 | $763.2M | $29.3M | +4.00% |
| 2023 | 2023-09-30 | $733.8M | $119.9M | +19.53% |
| 2022 | 2022-09-30 | $613.9M | $75.5M | +14.02% |
| 2021 | 2021-09-30 | $538.4M | $115.7M | +27.38% |
| 2020 | 2020-09-30 | $422.7M | $68.6M | +19.39% |
| 2019 | 2019-09-30 | $354.1M | $55.2M | +18.46% |
| 2018 | 2018-09-30 | $298.9M | $509,000 | +0.17% |
| 2017 | 2017-09-30 | $298.4M | $22.8M | +8.28% |
| 2016 | 2016-09-30 | $275.6M | $22.7M | +8.98% |
| 2015 | 2015-09-30 | $252.9M | $26.1M | +11.49% |
| 2014 | 2014-09-30 | $226.8M | $25.9M | +12.91% |
| 2013 | 2013-09-30 | $200.9M | $40.3M | +25.07% |
| 2012 | 2012-09-30 | $160.6M | $29.4M | +22.37% |
| 2011 | 2011-09-30 | $131.3M | $17.8M | +15.71% |
| 2010 | 2010-09-30 | $113.4M | $10.7M | +10.38% |
| 2009 | 2009-09-30 | $102.8M | — | — |
Maximus quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | $187.4M | −$6.5M | −3.34% |
| Q2 2026 | 2026-03-31 | $193.8M | $7.9M | +4.26% |
| Q1 2026 | 2025-12-31 | $172.5M | −$42.3M | −19.70% |
| Q4 2025 | 2025-09-30 | $210.7M | $20.8M | +10.93% |
| Q3 2025 | 2025-06-30 | $193.8M | $3.3M | +1.71% |
| Q2 2025 | 2025-03-31 | $185.9M | −$4.2M | −2.23% |
| Q1 2025 | 2024-12-31 | $214.8M | $22.2M | +11.54% |
| Q4 2024 | 2024-09-30 | $189.9M | −$1.8M | −0.95% |
| Q3 2024 | 2024-06-30 | $190.6M | −$15.4M | −7.48% |
| Q2 2024 | 2024-03-31 | $190.1M | $24.0M | +14.45% |
| Q1 2024 | 2023-12-31 | $192.5M | $22.6M | +13.28% |
| Q4 2023 | 2023-09-30 | $191.8M | $33.3M | +21.02% |
| Q3 2023 | 2023-06-30 | $206.0M | $50.3M | +32.32% |
| Q2 2023 | 2023-03-31 | $166.1M | $12.9M | +8.45% |
| Q1 2023 | 2022-12-31 | $170.0M | $23.3M | +15.92% |
| Q4 2022 | 2022-09-30 | $158.5M | $8.2M | +5.48% |
| Q3 2022 | 2022-06-30 | $155.7M | $3.4M | +2.23% |
| Q2 2022 | 2022-03-31 | $153.2M | $35.7M | +30.38% |
| Q1 2022 | 2021-12-31 | $146.6M | $28.1M | +23.75% |
| Q4 2021 | 2021-09-30 | $150.2M | $37.9M | +33.74% |
| Q3 2021 | 2021-06-30 | $152.3M | $54.0M | +54.90% |
| Q2 2021 | 2021-03-31 | $117.5M | $1.7M | +1.46% |
| Q1 2021 | 2020-12-31 | $118.5M | $22.2M | +23.02% |
| Q4 2020 | 2020-09-30 | $112.3M | $21.7M | +23.88% |
| Q3 2020 | 2020-06-30 | $98.3M | $7.6M | +8.43% |
| Q2 2020 | 2020-03-31 | $115.8M | $28.2M | +32.15% |
| Q1 2020 | 2019-12-31 | $96.3M | $11.2M | +13.14% |
| Q4 2019 | 2019-09-30 | $90.7M | $13.6M | +17.71% |
| Q3 2019 | 2019-06-30 | $90.7M | $18.5M | +25.71% |
| Q2 2019 | 2019-03-31 | $87.6M | $10.1M | +13.09% |
| Q1 2019 | 2018-12-31 | $85.1M | $12.9M | +17.78% |
| Q4 2018 | 2018-09-30 | $77.0M | −$8.0M | −9.37% |
| Q3 2018 | 2018-06-30 | $72.1M | $1.7M | +2.47% |
| Q2 2018 | 2018-03-31 | $77.5M | $5.5M | +7.64% |
| Q1 2018 | 2017-12-31 | $72.3M | $1.2M | +1.74% |
| Q4 2017 | 2017-09-30 | $85.0M | $13.4M | +18.67% |
| Q3 2017 | 2017-06-30 | $70.4M | $3.6M | +5.40% |
| Q2 2017 | 2017-03-31 | $72.0M | $2.2M | +3.17% |
| Q1 2017 | 2016-12-31 | $71.0M | $3.6M | +5.36% |
| Q4 2016 | 2016-09-30 | $71.6M | $7.8M | +12.30% |
| Q3 2016 | 2016-06-30 | $66.8M | −$6.0M | −8.20% |
| Q2 2016 | 2016-03-31 | $69.8M | $7.4M | +11.92% |
| Q1 2016 | 2015-12-31 | $67.4M | $13.4M | +24.79% |
| Q4 2015 | 2015-09-30 | $63.8M | $2.7M | +4.35% |
| Q3 2015 | 2015-06-30 | $72.7M | $15.4M | +26.75% |
| Q2 2015 | 2015-03-31 | $62.3M | $6.6M | +11.93% |
| Q1 2015 | 2014-12-31 | $54.0M | $1.4M | +2.69% |
| Q4 2014 | 2014-09-30 | $61.1M | −$360,000 | −0.59% |
| Q3 2014 | 2014-06-30 | $57.4M | $7.2M | +14.36% |
| Q2 2014 | 2014-03-31 | $55.7M | $9.0M | +19.23% |
| Q1 2014 | 2013-12-31 | $52.6M | $10.1M | +23.77% |
| Q4 2013 | 2013-09-30 | $61.5M | $16.8M | +37.68% |
| Q3 2013 | 2013-06-30 | $50.2M | $4.8M | +10.51% |
| Q2 2013 | 2013-03-31 | $46.7M | $9.3M | +25.00% |
| Q1 2013 | 2012-12-31 | $42.5M | $9.6M | +29.05% |
| Q4 2012 | 2012-09-30 | $44.7M | $11.3M | +33.74% |
| Q3 2012 | 2012-06-30 | $45.4M | $9.8M | +27.46% |
| Q2 2012 | 2012-03-31 | $37.4M | $3.8M | +11.31% |
| Q1 2012 | 2011-12-31 | $32.9M | $4.3M | +14.91% |
| Q4 2011 | 2011-09-30 | $33.4M | $2.5M | +8.05% |
| Q3 2011 | 2011-06-30 | $35.6M | $4.0M | +12.52% |
| Q2 2011 | 2011-03-31 | $33.6M | $10.8M | +47.57% |
| Q1 2011 | 2010-12-31 | $28.7M | $552,000 | +1.96% |
| Q4 2010 | 2010-09-30 | $30.9M | — | — |
| Q3 2010 | 2010-06-30 | $31.7M | — | — |
| Q2 2010 | 2010-03-31 | $22.8M | — | — |
| Q1 2010 | 2009-12-31 | $28.1M | — | — |
Maximus operating expenses trends
Over the last five fiscal years, Maximus's operating expenses increased from $422.7M to $805.2M, a change of $382.4M. The latest reported quarter, Q3 2026, shows $187.4M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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