Filing Flows › Comparisons › CPAY vs MMS
Corpay vs Maximus: CPAY and MMS compared
Corpay is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $1.3B for Maximus (Q3 FY26). Corpay is growing faster (+18% against -5% a year earlier). Corpay is more profitable, with an operating margin of 45.0% against 12.6%.
Where the money goes: CPAY and MMS
Corpay (CPAY) · Q3 2026
Corpay, Q3 2026: revenue $1.4B (+18% year over year), operating margin 45.0%, net earnings $378M, operating cash flow −$697M. The chart follows the revenue to costs, profit and cash.
Maximus (MMS) · Q3 FY26
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.
| Corpay (CPAY) | Maximus (MMS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $1.4B | $1.3B |
| Revenue growth, Y/Y | +18% | -5% |
| Gross margin | — | 27.3% |
| Operating margin | 45.0% | 12.6% |
| Net earnings | $378M | $104M |
| Net margin | 27.4% | 8.1% |
| Operating cash flow | −$697M | −$125M |
| Market value | $30.2B | $3.5B |
| P/E | 24.1× | 9.3× |
| Analysts’ mean target | $467.67 | $92.50 |
Where the revenue comes from
Maximus
- Program Operations: $603M (47%)
- Clinical Services: $553M (43%)
- Technology Solutions: $67.2M (5%)
- Employment & Other: $55.9M (4%)
Questions
Which is bigger, Corpay or Maximus?
Corpay is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $1.3B for Maximus (Q3 FY26).
Is Corpay or Maximus growing faster?
Corpay is growing faster (+18% against -5% a year earlier).
Which is more profitable, Corpay or Maximus?
Corpay is more profitable, with an operating margin of 45.0% against 12.6%.
More: Corpay earnings · how Corpay makes money · Maximus earnings · how Maximus makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.