Maximus, Inc. (MMS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 1.31B | 1.35B | 1.32B | 1.35B | 1.36B | 1.4B | 1.32B | 1.31B | 1.35B | 1.33B | 1.26B | 1.19B | 1.21B | 1.25B | 1.18B | 1.13B | 1.18B | 1.15B | 1.11B | 1.24B |
| Revenue Growth % | -4.1% | -4.11% | 0.19% | 2.55% | 1% | 5.7% | 4.44% | 10.62% | 11.73% | 6.23% | 7.04% | 5.59% | 2.51% | 8.55% | 6.41% | -9.47% | 22.73% | 21.71% | 19.73% | 37.96% |
| Cost of Goods Sold | 984M | 1.05B | 1.01B | 1.01B | 1.05B | 1.12B | 1.04B | 1.01B | 1.05B | 1.05B | 993.05M | 947.74M | 1B | 1.03B | 926.56M | 938.25M | 971.73M | 945.13M | 908.36M | 963.8M |
| COGS % of Revenue | 75.35% | 77.82% | 76.45% | 75.04% | 76.81% | 80.14% | 78.82% | 76.52% | 78.05% | 79.15% | 78.82% | 79.73% | 83.02% | 82.29% | 78.72% | 83.34% | 82.54% | 82.12% | 82.12% | 77.51% |
| Gross Profit | 321.97M | 298.37M | 310.55M | 336.5M | 315.82M | 278.52M | 278.66M | 308.77M | 295.95M | 276.7M | 266.9M | 240.93M | 204.95M | 221.23M | 250.47M | 187.53M | 205.59M | 205.75M | 197.77M | 279.72M |
| Gross Margin % | 24.65% | 22.18% | 23.55% | 24.96% | 23.19% | 19.86% | 21.18% | 23.48% | 21.95% | 20.85% | 21.18% | 20.27% | 16.98% | 17.71% | 21.28% | 16.66% | 17.46% | 17.88% | 17.88% | 22.49% |
| Gross Profit Growth % | 1.94% | 7.13% | 11.44% | 8.98% | 6.72% | 0.66% | 4.4% | 28.16% | 44.4% | 25.08% | 6.56% | 28.48% | -0.31% | 7.52% | 26.65% | -32.96% | -8.86% | 3.11% | 5.22% | 58.13% |
| Operating Expenses | 173.48M | 161.14M | 187M | 170.76M | 162.86M | 153.27M | 165.99M | 166.68M | 168.23M | 167.47M | 170.31M | 180.96M | 142.32M | 145.06M | 152.38M | 131.02M | 130.13M | 121.73M | 127.57M | 134.53M |
| OpEx % of Revenue | 13.28% | 11.98% | 14.18% | 12.66% | 11.96% | 10.93% | 12.61% | 12.68% | 12.48% | 12.62% | 13.52% | 15.22% | 11.79% | 11.61% | 12.95% | 11.64% | 11.05% | 10.58% | 11.53% | 10.82% |
| Selling, General & Admin | 173.48M | 152.16M | 187M | 170.76M | 162.86M | 153.27M | 165.99M | 166.68M | 168.23M | 167.47M | 170.31M | 180.96M | 142.32M | 145.06M | 152.38M | 131.02M | 130.13M | 121.73M | 129.59M | 134.53M |
| SG&A % of Revenue | 13.28% | 11.31% | 14.18% | 12.66% | 11.96% | 10.93% | 12.61% | 12.68% | 12.48% | 12.62% | 13.52% | 15.22% | 11.79% | 11.61% | 12.95% | 11.64% | 11.05% | 10.58% | 11.72% | 10.82% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 |
| Operating Income | 148.49M | 137.23M | 123.55M | 165.74M | 152.97M | 125.25M | 112.67M | 142.1M | 127.72M | 109.23M | 96.59M | 59.98M | 62.63M | 76.17M | 98.09M | 56.51M | 75.46M | 84.02M | 70.2M | 145.19M |
| Operating Margin % | 11.37% | 10.2% | 9.37% | 12.29% | 11.23% | 8.93% | 8.56% | 10.81% | 9.47% | 8.23% | 7.67% | 5.05% | 5.19% | 6.1% | 8.33% | 5.02% | 6.41% | 7.3% | 6.35% | 11.68% |
| Operating Income Growth % | -2.93% | 9.57% | 9.66% | 16.64% | 19.77% | 14.66% | 16.64% | 136.93% | 103.92% | 43.41% | -1.53% | 6.12% | -17% | -9.34% | 39.73% | -61.08% | -34.77% | -6.07% | -17.39% | 68.07% |
| EBITDA | 181.11M | 170.42M | 160.72M | 198.36M | 185.4M | 156.74M | 145.52M | 173.17M | 157.57M | 140.99M | 138.22M | 94.18M | 100.32M | 111.97M | 133.06M | 87.88M | 108.15M | 117.79M | 103.53M | 168.16M |
| EBITDA Margin % | 13.87% | 12.67% | 12.19% | 14.71% | 13.61% | 11.17% | 11.06% | 13.17% | 11.69% | 10.62% | 10.97% | 7.92% | 8.31% | 8.96% | 11.3% | 7.81% | 9.19% | 10.23% | 9.36% | 13.52% |
| EBITDA Growth % | -2.31% | 8.73% | 10.45% | 14.55% | 17.67% | 11.17% | 5.28% | 83.88% | 57.06% | 25.92% | 3.88% | 7.17% | -7.24% | -4.94% | 28.52% | -47.74% | -19.24% | 7.02% | -8.24% | 49.14% |
| D&A (Non-Cash Add-back) | 32.63M | 33.19M | 37.17M | 32.62M | 32.44M | 31.49M | 32.85M | 31.07M | 29.85M | 31.76M | 41.63M | 34.2M | 37.69M | 35.8M | 34.97M | 31.37M | 32.69M | 33.77M | 33.34M | 22.96M |
| EBIT | 148.49M | 145.4M | 122.9M | 165.62M | 153.93M | 86.47M | 112.68M | 140.93M | 128.32M | 107.02M | 98.68M | 57.38M | 63.32M | 75.04M | 113.78M | 52.06M | 76M | 81.22M | 67.66M | 131.31M |
| Net Interest Income | -23.8M | -19.13M | -22.43M | -22.66M | -21.47M | -17.52M | -20.01M | -20.55M | -20.37M | -21.51M | -20.51M | -21.03M | -21M | -21.61M | -16.1M | -10.79M | -9.44M | -9.64M | -10.7M | -3.09M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 23.8M | 19.13M | 22.43M | 22.66M | 21.47M | 17.52M | 20.01M | 20.55M | 20.37M | 21.51M | 20.51M | 21.03M | 21M | 21.61M | 16.1M | 10.79M | 9.44M | 9.64M | 10.7M | 3.09M |
| Other Income/Expense | -21.95M | -10.97M | -23.08M | -22.77M | -20.5M | -56.3M | -20M | -21.72M | -19.77M | -23.72M | -18.42M | -23.62M | -20.31M | -22.73M | -404K | -15.24M | -8.9M | -12.44M | -13.24M | -16.98M |
| Pretax Income | 126.53M | 126.27M | 100.47M | 142.97M | 132.46M | 68.95M | 92.67M | 120.38M | 107.95M | 85.52M | 78.17M | 36.36M | 42.32M | 53.44M | 97.68M | 41.27M | 66.56M | 71.58M | 56.96M | 128.22M |
| Pretax Margin % | 9.69% | 9.39% | 7.62% | 10.6% | 9.73% | 4.92% | 7.04% | 9.15% | 8.01% | 6.44% | 6.2% | 3.06% | 3.51% | 4.28% | 8.3% | 3.67% | 5.65% | 6.22% | 5.15% | 10.31% |
| Income Tax | 28.47M | 32.32M | 25.18M | 36.99M | 35.89M | 27.76M | 20.16M | 30.62M | 27.44M | 21.37M | 19.03M | 5.49M | 10.54M | 13.44M | 28.62M | 9.93M | 16.47M | 18.25M | 4.95M | 33.72M |
| Effective Tax Rate % | 22.5% | 25.6% | 25.06% | 25.87% | 27.1% | 40.25% | 21.76% | 25.44% | 25.42% | 24.99% | 24.34% | 15.11% | 24.89% | 25.15% | 29.3% | 24.07% | 24.74% | 25.5% | 8.68% | 26.3% |
| Net Income | 98.06M | 93.94M | 75.29M | 105.98M | 96.57M | 41.2M | 72.5M | 89.75M | 80.51M | 64.15M | 59.15M | 30.86M | 31.79M | 39.99M | 69.07M | 31.34M | 50.1M | 53.33M | 52.01M | 94.5M |
| Net Margin % | 7.51% | 6.98% | 5.71% | 7.86% | 7.09% | 2.94% | 5.51% | 6.83% | 5.97% | 4.83% | 4.69% | 2.6% | 2.63% | 3.2% | 5.87% | 2.78% | 4.26% | 4.63% | 4.7% | 7.6% |
| Net Income Growth % | 1.55% | 128.04% | 3.84% | 18.08% | 19.95% | -35.78% | 22.58% | 190.81% | 153.27% | 60.39% | -14.36% | -1.51% | -36.55% | -25% | 32.79% | -66.84% | -37.86% | -16.77% | -18.3% | 46.59% |
| Net Income (Continuing) | 98.06M | 93.94M | 75.29M | 105.98M | 96.57M | 41.2M | 72.5M | 89.75M | 80.51M | 64.15M | 59.15M | 30.86M | 31.79M | 39.99M | 69.07M | 31.34M | 50.1M | 53.33M | 52.01M | 94.5M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.80 | 1.70 | 1.32 | 1.86 | 1.69 | 0.69 | 1.19 | 1.46 | 1.31 | 1.04 | 0.96 | 0.50 | 0.52 | 0.65 | 1.13 | 0.51 | 0.80 | 0.85 | 0.83 | 1.51 |
| EPS Growth % | 6.51% | 146.38% | 10.92% | 27.4% | 29.01% | -33.65% | 23.96% | 192% | 151.92% | 60% | -15.04% | -1.96% | -35% | -23.53% | 36.14% | -66.23% | -37.98% | -17.48% | -18.63% | 45.19% |
| EPS (Basic) | 1.81 | 1.71 | 1.34 | 1.87 | 1.70 | 0.69 | 1.20 | 1.47 | 1.31 | 1.05 | 0.97 | 0.50 | 0.52 | 0.65 | 1.13 | 0.51 | 0.81 | 0.86 | 0.84 | 1.52 |
| Diluted Shares Outstanding | 54.92M | 55.3M | 56.99M | 56.98M | 57.06M | 60M | 61.48M | 61.38M | 61.62M | 61.53M | 61.62M | 61.54M | 61.38M | 61.2M | 61.29M | 61.76M | 62.38M | 62.45M | 62.51M | 62.45M |
| Basic Shares Outstanding | 54.55M | 54.84M | 56.37M | 56.68M | 56.89M | 59.73M | 61.05M | 61.08M | 61.37M | 61.32M | 61.14M | 61.14M | 61.12M | 61.2M | 61.01M | 61.61M | 62.23M | 62.26M | 62.08M | 62.06M |
| Dividend Payout Ratio | 18.17% | 17.39% | 22.37% | 15.95% | 17.5% | 43.84% | 24.9% | 20.32% | 22.74% | 28.53% | 28.78% | 55.15% | 53.53% | 42.55% | 24.55% | 54.58% | 34.56% | 32.53% | 33.09% | 18.21% |