Maximus (MMS) Revenue & Revenue Breakdown

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Maximus Revenue Highlights

Latest Revenue (Y)

$5.43B

Latest Revenue (Q)

$1.36B

Main Segment (Y)

Clinical Services

Main Geography (Y)

Outside The United States

Maximus Revenue by Period

Maximus Revenue by Year

Date	Revenue	Change
2025-09-30	$5.43B	2.36%
2024-09-30	$5.31B	8.19%
2023-09-30	$4.90B	5.91%
2022-09-30	$4.63B	8.85%
2021-09-30	$4.25B	22.91%
2020-09-30	$3.46B	19.91%
2019-09-30	$2.89B	20.67%
2018-09-30	$2.39B	-2.40%
2017-09-30	$2.45B	1.98%
2016-09-30	$2.40B	14.46%
2015-09-30	$2.10B	23.45%
2014-09-30	$1.70B	27.77%
2013-09-30	$1.33B	26.77%
2012-09-30	$1.05B	12.96%
2011-09-30	$929.63M	11.77%
2010-09-30	$831.75M	15.96%
2009-09-30	$717.30M	-3.74%
2008-09-30	$745.13M	0.88%
2007-09-30	$738.65M	5.39%
2006-09-30	$700.89M	8.24%
2005-09-30	$647.54M	7.25%
2004-09-30	$603.77M	8.15%
2003-09-30	$558.28M	7.63%
2002-09-30	$518.70M	6.45%
2001-09-30	$487.26M	22.07%
2000-09-30	$399.16M	24.93%
1999-09-30	$319.50M	36.83%
1998-09-30	$233.50M	82.56%
1997-09-30	$127.90M	24.05%
1996-09-30	$103.10M	-

Maximus generated $5.43B in revenue during NA 2025, up 2.36% compared to the previous quarter, and up 156.90% compared to the same period a year ago.

Maximus Revenue by Quarter

Date	Revenue	Change
2025-03-31	$1.36B	-2.92%
2024-12-31	$1.40B	6.60%
2024-09-30	$1.32B	0.07%
2024-06-30	$1.31B	-2.48%
2024-03-31	$1.35B	1.61%
2023-12-31	$1.33B	5.32%
2023-09-30	$1.26B	6.00%
2023-06-30	$1.19B	-1.51%
2023-03-31	$1.21B	-3.39%
2022-12-31	$1.25B	6.14%
2022-09-30	$1.18B	4.55%
2022-06-30	$1.13B	-4.38%
2022-03-31	$1.18B	2.30%
2021-12-31	$1.15B	4.05%
2021-09-30	$1.11B	-11.05%
2021-06-30	$1.24B	29.63%
2021-03-31	$959.28M	1.45%
2020-12-31	$945.55M	2.35%
2020-09-30	$923.84M	2.50%
2020-06-30	$901.34M	10.17%
2020-03-31	$818.13M	-0.01%
2019-12-31	$818.23M	8.38%
2019-09-30	$754.97M	3.32%
2019-06-30	$730.71M	-0.79%
2019-03-31	$736.52M	10.82%
2018-12-31	$664.62M	19.01%
2018-09-30	$558.45M	-6.59%
2018-06-30	$597.86M	-2.44%
2018-03-31	$612.79M	-1.66%
2017-12-31	$623.15M	0.36%
2017-09-30	$620.90M	3.41%
2017-06-30	$600.45M	-3.47%
2017-03-31	$622.05M	2.38%
2016-12-31	$607.56M	-2.49%
2016-09-30	$623.09M	0.97%
2016-06-30	$617.09M	1.75%
2016-03-31	$606.45M	8.93%
2015-12-31	$556.72M	-3.79%
2015-09-30	$578.68M	1.12%
2015-06-30	$572.30M	18.79%
2015-03-31	$481.79M	3.16%
2014-12-31	$467.04M	7.27%
2014-09-30	$435.41M	3.69%
2014-06-30	$419.90M	-4.35%
2014-03-31	$439.01M	7.97%
2013-12-31	$406.59M	5.79%
2013-09-30	$384.34M	14.96%
2013-06-30	$334.32M	2.44%
2013-03-31	$326.35M	14.00%
2012-12-31	$286.27M	-4.81%
2012-09-30	$300.74M	12.91%
2012-06-30	$266.35M	9.41%
2012-03-31	$243.45M	1.61%
2011-12-31	$239.60M	-4.20%
2011-09-30	$250.11M	4.96%
2011-06-30	$238.30M	4.92%
2011-03-31	$227.12M	6.07%
2010-12-31	$214.11M	-0.36%
2010-09-30	$214.89M	2.01%
2010-06-30	$210.66M	3.34%
2010-03-31	$203.84M	0.74%
2009-12-31	$202.35M	20.62%
2009-09-30	$167.77M	-9.43%
2009-06-30	$185.24M	0.56%
2009-03-31	$184.20M	2.28%
2008-12-31	$180.09M	30.68%
2008-09-30	$137.81M	-33.21%
2008-06-30	$206.32M	-2.02%
2008-03-31	$210.58M	-

Maximus generated $1.36B in revenue during Q2 2025, up -2.92% compared to the previous quarter, and up 102.62% compared to the same period a year ago.

Maximus Revenue Breakdown

Maximus Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Sep 25	Sep 24	Sep 23	Sep 22	Sep 21
Clinical Services	$2.10B	$1.18B	-	-	-
Advanced Technology Solutions	$324.73M	-	-	-	-
Outside The United States	-	$657.14M	$689.05M	$358.09M	-
US Services	-	$1.91B	$1.81B	$1.15B	-
U.S. Federal Services	-	$2.74B	$2.40B	$278.23M	-
Technology Solutions	-	-	-	$306.38M	-

Maximus's latest annual revenue breakdown by segment (product or service), as of Sep 25: Clinical Services (86.61%), and Advanced Technology Solutions (13.39%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Clinical Services	$565.09M	$560.36M	$503.96M	$471.53M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Technology Solutions	-	$79.15M	$88.06M	$89.56M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
U.S. Federal Services	-	-	-	-	$1.36B	$701.70M	$677.08M	$617.40M	$583.96M	$584.08M	$618.17M	$579.07M	$525.52M	$573.29M	$581.87M	$91.23M	$89.56M	$62.78M	$34.66M	-
Outside The United States	-	-	-	-	$336.48M	$160.54M	$160.12M	$168.72M	$155.66M	$173.07M	$191.60M	$174.17M	$200.95M	$205.96M	$182.59M	$27.36M	$94.31M	$97.97M	$77.46M	-
US Services	-	-	-	-	$935.85M	$486.12M	$489.85M	$473.83M	$449.06M	$449.70M	$439.48M	$423.80M	$399.32M	$398.08M	$386.42M	$189.96M	$64.24M	$55.05M	$47.82M	-
Outside the U.S.	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$129.26M
U.S. Services	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$371.35M

Maximus's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Clinical Services (100.00%).

Maximus Revenue Breakdown by Country

Annual Revenue by Country

Country	Sep 24	Sep 23	Sep 22	Sep 21	Sep 20
Outside The United States	$657.14M	$689.05M	-	-	-
UNITED KINGDOM	-	-	$410.59M	-	-
UNITED STATES	-	-	$3.87B	$3.56B	$2.96B
AUSTRALIA	-	-	$173.08M	$245.00M	$147.16M
Rest of World	-	-	$180.00M	$167.66M	$105.44M

Maximus's latest annual revenue breakdown by geography, as of Sep 24: Outside The United States (100.00%).

Quarterly Revenue by Country

Country	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
Outside The United States	$141.51M	$169.77M	$336.48M	$160.54M	$160.12M	$168.72M	$155.66M	$173.07M	$191.60M	-	-	-	-	-	-	-	-	-	-	-
UNITED STATES	-	-	-	-	-	-	-	-	-	$1.00B	$924.84M	$971.37M	$968.29M	$932.92M	$1.05B	$778.35M	$790.18M	$794.58M	$787.09M	$702.09M
AUSTRALIA	-	-	-	-	-	-	-	-	-	$30.00M	$43.59M	$46.67M	$52.81M	$52.83M	$65.28M	$70.95M	$55.93M	$46.77M	$38.41M	$24.54M
Rest of World	-	-	-	-	-	-	-	-	-	$37.06M	$47.58M	$51.39M	$43.97M	$45.72M	$50.19M	$37.10M	$34.66M	$26.25M	$22.47M	$27.78M
UNITED KINGDOM	-	-	-	-	-	-	-	-	-	$107.11M	-	-	-	-	-	-	-	-	-	-

Maximus's latest quarterly revenue breakdown by geography, as of Mar 25: Outside The United States (100.00%).

Maximus Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
OMAB	Grupo Aeroportuario del Centro Norte	$14.46B	$3.76B
CAR	Avis Budget Group	$11.79B	$3.52B
ALK	Alaska Air Group	$11.73B	$3.77B
MMS	Maximus	$5.43B	$1.36B
BCO	Brink's	$5.01B	$1.33B
MSM	MSC Industrial Direct	$3.77B	$891.72M
ENS	EnerSys	$3.58B	$893.02M
ECG	Everus Construction Group	$2.85B	$986.82M
RAL	Ralliant	$2.15B	$529.20M
POWL	Powell Industries	$1.10B	$286.27M
LNZA	LanzaTech Global	$49.59M	$9.28M

MMS Revenue FAQ

What is Maximus’s yearly revenue?

Maximus's yearly revenue for 2025 was $5.43B, representing an increase of 2.36% compared to 2024. The company's yearly revenue for 2024 was $5.31B, representing an increase of 8.19% compared to 2023. MMS's yearly revenue for 2023 was $4.9B, representing an increase of 5.91% compared to 2022.

What is Maximus’s quarterly revenue?

Maximus's quarterly revenue for Q2 2025 was $1.36B, a -2.92% decrease from the previous quarter (Q1 2025), and a 1.00% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $1.4B, a 6.60% increase from the previous quarter (Q4 2024), and a 5.70% increase year-over-year (Q1 2024). MMS's quarterly revenue for Q4 2024 was $1.32B, a 0.07% increase from the previous quarter (Q3 2024), and a 4.44% increase year-over-year (Q4 2023).

What is Maximus’s revenue growth rate?

Maximus's revenue growth rate for the last 3 years (2023-2025) was 10.74%, and for the last 5 years (2021-2025) was 27.66%.

What are Maximus’s revenue streams?

Maximus's revenue streams in p 25 are Clinical Services, and Advanced Technology Solutions. Clinical Services generated $2.1B in revenue, accounting 86.61% of the company's total revenue, up 78.64% year-over-year. Advanced Technology Solutions generated $324.73M in revenue, accounting 13.39% of the company's total revenue

What is Maximus’s main source of revenue?

For the fiscal year ending Sep 25, the largest source of revenue of Maximus was Clinical Services. This segment made a revenue of $2.1B, representing 86.61% of the company's total revenue.