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Maximus (MMS) operating margin by quarter

Maximus' operating margin was 12.6% in Q3 FY26 (third quarter fiscal 2026), +1.3 pts from Q2 FY26. Over the last 7 quarters it ranged from 8.5% (Q4 FY24) to 12.6% (Q3 FY26).

Maximus operating margin by quarterMaximus operating margin by quarter8.5%Q4 FY2411.2%Q2 FY2512.3%Q3 FY259.3%Q4 FY2510.9%Q1 FY2611.4%Q2 FY2612.6%Q3 FY26
QuarterOperating marginQ/QY/Y
Q3 FY2612.6%+1.3 pts+0.3 pts
Q2 FY2611.4%+0.5 pts+0.1 pts
Q1 FY2610.9%+1.6 pts—
Q4 FY259.3%-3.0 pts+0.8 pts
Q3 FY2512.3%+1.1 pts—
Q2 FY2511.2%+2.7 pts—
Q4 FY248.5%——

Q3 FY26 at a glance

Maximus, Q3 FY26: revenue $1.3B (-5% year over year), operating margin 12.6%, net earnings $104M, operating cash flow −$125M. The chart follows the revenue to costs, profit and cash.

Questions

What is Maximus' operating margin?

Maximus' operating margin was 12.6% in Q3 FY26 (third quarter fiscal 2026), +1.3 pts from Q2 FY26.

How has Maximus' operating margin changed?

Over the last 7 quarters it ranged from 8.5% (Q4 FY24) to 12.6% (Q3 FY26).

Q3 FY26 results → · How Maximus makes money →