Maximus, Inc. (MMS)

Maximus 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	Jun 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	5,429	5,306	4,905	4,631	4,254	3,462
Revenue Growth (YoY)	3.40%	8.19%	5.91%	8.85%	22.91%	19.91%
Cost of Revenue	4,127	4,055	3,876	3,691	3,308	2,751
Gross Profit	1,302	1,252	1,029	939.81	946.98	711
Selling, General & Admin	650.11	667.7	609.92	534.49	484.59	387.09
Operating Expenses	742.19	759.27	704.51	624.96	528.95	422.72
Operating Income	559.39	492.38	324.09	314.85	418.03	288.28
Interest Expense	-81.66	-82.44	-84.14	-45.97	-14.74	-2.06
Other Non Operating Income (Expenses)	1.53	0.45	-0.36	-2.84	-1.6	0.84
EBT Excluding Unusual Items	479.26	410.39	239.59	266.05	401.69	287.06
Merger & Restructuring Charges	-	-	-	-	-9.5	-
Gain (Loss) on Sale of Assets	-38.33	-	-	11.05	-	-
Legal Settlements	-2.9	-2.9	-29.3	-	-	-
Other Unusual Items	-0.99	-0.99	-	-	-8.51	-
Pretax Income	437.05	406.51	210.29	277.1	383.68	287.06
Income Tax Expense	120.8	99.6	48.5	73.27	92.48	72.55
Earnings From Continuing Operations	316.25	306.91	161.79	203.83	291.2	214.51
Net Income	316.25	306.91	161.79	203.83	291.2	214.51
Net Income to Common	316.25	306.91	161.79	203.83	291.2	214.51
Net Income Growth	7.73%	89.70%	-20.62%	-30.00%	35.75%	-10.93%
Shares Outstanding (Basic)	58	61	61	62	62	63
Shares Outstanding (Diluted)	59	61	61	62	62	63
Shares Change (YoY)	-4.24%	0.06%	-0.84%	-0.64%	-1.51%	-2.31%
EPS (Basic)	5.41	5.03	2.65	3.30	4.69	3.40
EPS (Diluted)	5.37	4.99	2.63	3.29	4.67	3.39
EPS Growth	12.65%	89.73%	-20.06%	-29.55%	37.76%	-8.87%
Free Cash Flow	-143.8	383.07	223.65	233.69	480.76	203.89
Free Cash Flow Per Share	-2.44	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	-	5.26%	1.79%	-	-	12.00%
Gross Margin	23.98%	23.59%	20.97%	20.29%	22.26%	20.54%
Operating Margin	10.30%	9.28%	6.61%	6.80%	9.83%	8.33%
Profit Margin	5.83%	5.78%	3.30%	4.40%	6.84%	6.20%
Free Cash Flow Margin	-2.65%	7.22%	4.56%	5.05%	11.30%	5.89%
EBITDA	673.99	603.11	447.11	433.55	496.45	378.84
EBITDA Margin	12.41%	11.37%	9.12%	9.36%	11.67%	10.94%
D&A For EBITDA	114.59	110.73	123.02	118.7	78.42	90.56
EBIT	559.39	492.38	324.09	314.85	418.03	288.28
EBIT Margin	10.30%	9.28%	6.61%	6.80%	9.83%	8.33%
Effective Tax Rate	27.64%	24.50%	23.06%	26.44%	24.10%	25.27%

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q