Maximus Financial Statements
NYSE: MMSConsumer DiscretionaryBusiness ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Maximus revenue and earnings
In fiscal 2025, Maximus generated $5.43 billion in revenue, up 2.4% from fiscal 2024, its 7th consecutive year of revenue growth. Net income was $319.0 million (+3.9% year over year), for a net margin of 5.9% versus a median of 5.8% in the prior 5 years. Gross margin was 24.6% (up from 23.6%) and operating margin 9.7%.
Diluted earnings per share came in at $5.51, up from $4.99. Over the last 5 fiscal years, MMS's revenue has grown at a 9.4% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Maximus income statement (annual)
| Fiscal year (USD) | FY 20252025-09-30 | FY 20242024-09-30 | FY 20232023-09-30 | FY 20222022-09-30 | FY 20212021-09-30 | FY 20202020-09-30 | FY 20192019-09-30 | FY 20182018-09-30 | FY 20172017-09-30 | FY 20162016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.43B | 5.31B | 4.90B | 4.63B | 4.25B | 3.46B | 2.89B | 2.39B | 2.45B | 2.40B |
| Revenue growth (YoY) | +2.36% | +8.19% | +5.91% | +8.85% | +22.91% | +19.91% | +20.67% | -2.40% | +1.98% | +14.46% |
| Cost of Revenue | 4.10B | 4.05B | 3.88B | 3.69B | 3.31B | 2.75B | 2.22B | 1.80B | 1.84B | 1.84B |
| Gross Profit | 1.33B | 1.25B | 1.03B | 939.81M | 946.98M | 711.00M | 671.18M | 594.38M | 611.90M | 562.19M |
| Operating Expenses | 805.15M | 763.15M | 733.81M | 613.91M | 538.45M | 422.72M | 354.08M | 298.90M | 298.39M | 275.59M |
| Selling, General & Admin | 713.11M | 671.58M | 639.22M | 534.49M | 494.09M | 387.09M | 321.02M | 285.24M | 284.59M | 269.09M |
| Operating Income | 528.29M | 488.50M | 294.79M | 325.90M | 408.53M | 288.28M | 317.11M | 295.48M | 313.51M | 286.60M |
| Interest Expense | 84.08M | 82.44M | 84.14M | 45.97M | 14.74M | 2.06M | 2.96M | 1.00M | 2.16M | 4.13M |
| Other Income (Expense) | 640.00K | 450.00K | -363.00K | -2.83M | -10.11M | 843.00K | 3.17M | 4.73M | 2.88M | 3.50M |
| Pretax Income | 444.85M | 406.51M | 210.29M | 277.10M | 383.68M | 287.06M | 317.32M | 299.21M | 314.24M | 285.97M |
| Income Tax | 125.81M | 99.59M | 48.50M | 73.27M | 92.48M | 72.55M | 76.83M | 78.39M | 102.05M | 105.81M |
| Net Income | 319.03M | 306.91M | 161.79M | 203.83M | 291.20M | 214.51M | 240.82M | 220.75M | 209.43M | 178.36M |
| Net Income growth (YoY) | +3.95% | +89.70% | -20.62% | -30.00% | +35.75% | -10.93% | +9.09% | +5.41% | +17.42% | +13.05% |
| EPS (Basic) | 5.56 | 5.03 | 2.65 | 3.30 | 4.69 | 3.40 | 3.73 | 3.37 | 3.19 | 2.71 |
| EPS (Diluted) | 5.51 | 4.99 | 2.63 | 3.29 | 4.67 | 3.39 | 3.72 | 3.35 | 3.17 | 2.69 |
| Shares Outstanding (Basic) | 57.41M | 61.05M | 61.13M | 61.77M | 62.07M | 63.06M | 64.50M | 65.50M | 65.63M | 65.82M |
| Shares Outstanding (Diluted) | 57.92M | 61.48M | 61.45M | 61.97M | 62.37M | 63.32M | 64.82M | 65.93M | 66.06M | 66.23M |
| EBITDA | 569.96M | 522.46M | 349.52M | 368.23M | 454.89M | 352.81M | 369.51M | 347.37M | 369.28M | 345.01M |
| Gross Margin | 24.55% | 23.59% | 20.97% | 20.29% | 22.26% | 20.54% | 23.25% | 24.85% | 24.97% | 23.39% |
| Operating Margin | 9.73% | 9.21% | 6.01% | 7.04% | 9.60% | 8.33% | 10.98% | 12.35% | 12.79% | 11.93% |
| Net Margin | 5.87% | 5.78% | 3.30% | 4.40% | 6.84% | 6.20% | 8.34% | 9.23% | 8.54% | 7.42% |
This table shows 10 annual periods of Maximus's income statement, from FY 2025 back to FY 2016, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow MMS's reporting calendar. What is a income statement?