Maximus, Inc. (MMS)

Accolade Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	5,395	5,306	4,905	4,631	4,254	3,462
Revenue Growth (YoY)	5.29%	8.19%	5.91%	8.85%	22.91%	19.91%
Cost of Revenue	4,121	4,055	3,876	3,691	3,308	2,751
Gross Profit	1,274	1,252	1,029	939.81	946.98	711
Selling, General & Admin	684.64	667.7	609.92	534.49	484.59	387.09
Operating Expenses	777.25	759.27	704.51	624.96	528.95	422.72
Operating Income	497.14	492.38	324.09	314.85	418.03	288.28
Interest Expense	-79.56	-82.44	-84.14	-45.97	-14.74	-2.06
Other Non Operating Income (Expenses)	0.77	0.45	-0.36	-2.84	-1.6	0.84
EBT Excluding Unusual Items	418.34	410.39	239.59	266.05	401.69	287.06
Merger & Restructuring Charges	-	-	-	-	-9.5	-
Gain (Loss) on Sale of Assets	-	-	-	11.05	-	-
Legal Settlements	-2.9	-2.9	-29.3	-	-	-
Other Unusual Items	-0.99	-0.99	-	-	-8.51	-
Pretax Income	414.46	406.51	210.29	277.1	383.68	287.06
Income Tax Expense	114.44	99.6	48.5	73.27	92.48	72.55
Earnings From Continuing Operations	300.02	306.91	161.79	203.83	291.2	214.51
Net Income	300.02	306.91	161.79	203.83	291.2	214.51
Net Income to Common	300.02	306.91	161.79	203.83	291.2	214.51
Net Income Growth	27.85%	89.70%	-20.62%	-30.00%	35.75%	-10.93%
Shares Outstanding (Basic)	60	61	61	62	62	63
Shares Outstanding (Diluted)	60	61	61	62	62	63
Shares Change (YoY)	-2.65%	0.06%	-0.84%	-0.64%	-1.51%	-2.31%
EPS (Basic)	5.04	5.03	2.65	3.30	4.69	3.40
EPS (Diluted)	5.00	4.99	2.63	3.29	4.67	3.39
EPS Growth	31.21%	89.73%	-20.06%	-29.55%	37.76%	-8.87%
Free Cash Flow	219.05	383.07	223.65	233.69	480.76	203.89
Free Cash Flow Per Share	3.65	6.23	3.64	3.77	7.71	3.22
Dividend Per Share	1.200	1.200	1.140	1.120	1.120	1.120
Dividend Growth	1.70%	5.26%	1.79%	-	-	12.00%
Gross Margin	23.62%	23.59%	20.97%	20.29%	22.26%	20.54%
Operating Margin	9.21%	9.28%	6.61%	6.80%	9.83%	8.33%
Profit Margin	5.56%	5.78%	3.30%	4.40%	6.84%	6.20%
Free Cash Flow Margin	4.06%	7.22%	4.56%	5.05%	11.30%	5.89%
EBITDA	610.18	603.11	447.11	433.55	496.45	378.84
EBITDA Margin	11.31%	11.37%	9.12%	9.36%	11.67%	10.94%
D&A For EBITDA	113.05	110.73	123.02	118.7	78.42	90.56
EBIT	497.14	492.38	324.09	314.85	418.03	288.28
EBIT Margin	9.21%	9.28%	6.61%	6.80%	9.83%	8.33%
Effective Tax Rate	27.61%	24.50%	23.06%	26.44%	24.10%	25.27%

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q