Maximus annual operating margin
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Maximus Operating Margin Growth & History (MMS)
Maximus's operating margin was 9.73% for fiscal 2025.
View full Maximus company overviewMaximus annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-09-30 | 9.73% | +0.52 pp |
| 2024 | 2024-09-30 | 9.21% | +3.20 pp |
| 2023 | 2023-09-30 | 6.01% | −1.03 pp |
| 2022 | 2022-09-30 | 7.04% | −2.57 pp |
| 2021 | 2021-09-30 | 9.60% | +1.27 pp |
| 2020 | 2020-09-30 | 8.33% | −2.66 pp |
| 2019 | 2019-09-30 | 10.98% | −1.37 pp |
| 2018 | 2018-09-30 | 12.35% | −0.44 pp |
| 2017 | 2017-09-30 | 12.79% | +0.87 pp |
| 2016 | 2016-09-30 | 11.93% | −0.45 pp |
| 2015 | 2015-09-30 | 12.37% | −0.87 pp |
| 2014 | 2014-09-30 | 13.25% | −0.66 pp |
| 2013 | 2013-09-30 | 13.91% | +1.78 pp |
| 2012 | 2012-09-30 | 12.13% | −1.04 pp |
| 2011 | 2011-09-30 | 13.17% | +0.25 pp |
| 2010 | 2010-09-30 | 12.91% | +0.61 pp |
| 2009 | 2009-09-30 | 12.30% | — |
Maximus quarterly operating margin
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Q3.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-06-30 | 12.62% | +0.34 pp |
| Q2 2026 | 2026-03-31 | 11.37% | +0.14 pp |
| Q1 2026 | 2025-12-31 | 10.87% | +4.68 pp |
| Q4 2025 | 2025-09-30 | 9.32% | +0.83 pp |
| Q3 2025 | 2025-06-30 | 12.29% | +1.51 pp |
| Q2 2025 | 2025-03-31 | 11.23% | +1.78 pp |
| Q1 2025 | 2024-12-31 | 6.19% | −1.91 pp |
| Q4 2024 | 2024-09-30 | 8.49% | +0.63 pp |
| Q3 2024 | 2024-06-30 | 10.78% | +5.87 pp |
| Q2 2024 | 2024-03-31 | 9.46% | +4.28 pp |
| Q1 2024 | 2023-12-31 | 8.10% | +2.12 pp |
| Q4 2023 | 2023-09-30 | 7.87% | −1.86 pp |
| Q3 2023 | 2023-06-30 | 4.91% | +0.07 pp |
| Q2 2023 | 2023-03-31 | 5.18% | −1.22 pp |
| Q1 2023 | 2022-12-31 | 5.99% | −1.10 pp |
| Q4 2022 | 2022-09-30 | 9.73% | +3.57 pp |
| Q3 2022 | 2022-06-30 | 4.85% | −6.38 pp |
| Q2 2022 | 2022-03-31 | 6.39% | −5.40 pp |
| Q1 2022 | 2021-12-31 | 7.08% | −2.18 pp |
| Q4 2021 | 2021-09-30 | 6.16% | −2.99 pp |
| Q3 2021 | 2021-06-30 | 11.23% | +1.54 pp |
| Q2 2021 | 2021-03-31 | 11.80% | +7.24 pp |
| Q1 2021 | 2020-12-31 | 9.26% | −0.41 pp |
| Q4 2020 | 2020-09-30 | 9.15% | −1.13 pp |
| Q3 2020 | 2020-06-30 | 9.69% | −1.75 pp |
| Q2 2020 | 2020-03-31 | 4.56% | −6.55 pp |
| Q1 2020 | 2019-12-31 | 9.67% | −1.48 pp |
| Q4 2019 | 2019-09-30 | 10.28% | −0.81 pp |
| Q3 2019 | 2019-06-30 | 11.44% | −2.37 pp |
| Q2 2019 | 2019-03-31 | 11.11% | −0.53 pp |
| Q1 2019 | 2018-12-31 | 11.15% | −1.63 pp |
| Q4 2018 | 2018-09-30 | 11.09% | −1.41 pp |
| Q3 2018 | 2018-06-30 | 13.81% | +0.19 pp |
| Q2 2018 | 2018-03-31 | 11.64% | −1.28 pp |
| Q1 2018 | 2017-12-31 | 12.79% | +0.64 pp |
| Q4 2017 | 2017-09-30 | 12.50% | −0.55 pp |
| Q3 2017 | 2017-06-30 | 13.63% | −0.09 pp |
| Q2 2017 | 2017-03-31 | 12.91% | +0.07 pp |
| Q1 2017 | 2016-12-31 | 12.14% | +4.46 pp |
| Q4 2016 | 2016-09-30 | 13.05% | +2.42 pp |
| Q3 2016 | 2016-06-30 | 13.71% | +1.29 pp |
| Q2 2016 | 2016-03-31 | 12.85% | −0.02 pp |
| Q1 2016 | 2015-12-31 | 7.69% | −6.28 pp |
| Q4 2015 | 2015-09-30 | 10.63% | −1.27 pp |
| Q3 2015 | 2015-06-30 | 12.42% | −0.73 pp |
| Q2 2015 | 2015-03-31 | 12.87% | −1.93 pp |
| Q1 2015 | 2014-12-31 | 13.97% | +0.86 pp |
| Q4 2014 | 2014-09-30 | 11.90% | −2.68 pp |
| Q3 2014 | 2014-06-30 | 13.15% | −0.13 pp |
| Q2 2014 | 2014-03-31 | 14.80% | −0.74 pp |
| Q1 2014 | 2013-12-31 | 13.11% | +1.22 pp |
| Q4 2013 | 2013-09-30 | 14.57% | +1.36 pp |
| Q3 2013 | 2013-06-30 | 13.28% | +0.77 pp |
| Q2 2013 | 2013-03-31 | 15.55% | +4.29 pp |
| Q1 2013 | 2012-12-31 | 11.88% | +0.65 pp |
| Q4 2012 | 2012-09-30 | 13.21% | −0.72 pp |
| Q3 2012 | 2012-06-30 | 12.50% | −0.41 pp |
| Q2 2012 | 2012-03-31 | 11.25% | −1.73 pp |
| Q1 2012 | 2011-12-31 | 11.23% | −1.52 pp |
| Q4 2011 | 2011-09-30 | 13.93% | −0.28 pp |
| Q3 2011 | 2011-06-30 | 12.92% | +0.93 pp |
| Q2 2011 | 2011-03-31 | 12.99% | −0.62 pp |
| Q1 2011 | 2010-12-31 | 12.75% | +0.91 pp |
| Q4 2010 | 2010-09-30 | 14.21% | — |
| Q3 2010 | 2010-06-30 | 11.99% | — |
| Q2 2010 | 2010-03-31 | 13.60% | — |
| Q1 2010 | 2009-12-31 | 11.83% | — |
Maximus operating margin trends
Over the last five reported fiscal years, Maximus's operating margin increased from 8.33% to 9.73%, a change of +1.40 percentage points. The latest reported quarter, Q3 2026, shows 12.62%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Maximus filings at SEC.gov ↗