MAXIMUS, INC. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that MAXIMUS, INC. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2018 | Sep 30, 2018 | $558.45M | Nov 20, 2018 |
| FY2018 | Jun 30, 2018 | $597.86M | Nov 20, 2018 |
| FY2018 | Mar 31, 2018 | $612.79M | Nov 20, 2018 |
| FY2018 | Dec 31, 2017 | $623.15M | Nov 20, 2018 |
| FY2018 | Sep 30, 2017 | $620.90M | Nov 20, 2018 |
| FY2018 | Jun 30, 2017 | $600.45M | Nov 20, 2018 |
| FY2018 | Mar 31, 2017 | $622.05M | Nov 20, 2018 |
| FY2018 | Dec 31, 2016 | $607.56M | Nov 20, 2018 |
| FY2017 | Sep 30, 2016 | $623.09M | Nov 20, 2017 |
| FY2017 | Jun 30, 2016 | $617.09M | Nov 20, 2017 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $5.43B | Nov 20, 2025 |
| FY2025 | Sep 30, 2024 | $5.31B | Nov 20, 2025 |
| FY2025 | Sep 30, 2023 | $4.90B | Nov 20, 2025 |
| FY2024 | Sep 30, 2022 | $4.63B | Nov 21, 2024 |
| FY2023 | Sep 30, 2021 | $4.25B | Nov 16, 2023 |
| FY2020 | Sep 30, 2020 | $923.84M | Nov 19, 2020 |
| FY2020 | Jun 30, 2020 | $901.34M | Nov 19, 2020 |
| FY2020 | Mar 31, 2020 | $818.14M | Nov 19, 2020 |
| FY2020 | Dec 31, 2019 | $818.23M | Nov 19, 2020 |
| FY2020 | Sep 30, 2019 | $754.97M | Nov 19, 2020 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $1.33B | Nov 20, 2025 |
| FY2025 | Sep 30, 2024 | $1.25B | Nov 20, 2025 |
| FY2025 | Sep 30, 2023 | $1.03B | Nov 20, 2025 |
| FY2024 | Sep 30, 2022 | $939.81M | Nov 21, 2024 |
| FY2023 | Sep 30, 2021 | $946.98M | Nov 16, 2023 |
| FY2020 | Sep 30, 2020 | $196.85M | Nov 19, 2020 |
| FY2020 | Jun 30, 2020 | $185.60M | Nov 19, 2020 |
| FY2020 | Mar 31, 2020 | $153.10M | Nov 19, 2020 |
| FY2020 | Dec 31, 2019 | $175.45M | Nov 19, 2020 |
| FY2020 | Sep 30, 2019 | $168.25M | Nov 19, 2020 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $319.03M | Nov 20, 2025 |
| FY2025 | Sep 30, 2024 | $306.91M | Nov 20, 2025 |
| FY2025 | Sep 30, 2023 | $161.79M | Nov 20, 2025 |
| FY2024 | Sep 30, 2022 | $203.83M | Nov 21, 2024 |
| FY2023 | Sep 30, 2021 | $291.20M | Nov 16, 2023 |
| FY2020 | Sep 30, 2020 | $63.66M | Nov 19, 2020 |
| FY2020 | Jun 30, 2020 | $64.46M | Nov 19, 2020 |
| FY2020 | Mar 31, 2020 | $27.65M | Nov 19, 2020 |
| FY2020 | Dec 31, 2019 | $58.73M | Nov 19, 2020 |
| FY2020 | Sep 30, 2019 | $60.09M | Nov 19, 2020 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $528.29M | Nov 20, 2025 |
| FY2025 | Sep 30, 2024 | $488.50M | Nov 20, 2025 |
| FY2025 | Sep 30, 2023 | $294.79M | Nov 20, 2025 |
| FY2024 | Sep 30, 2022 | $325.90M | Nov 21, 2024 |
| FY2023 | Sep 30, 2021 | $408.53M | Nov 16, 2023 |
| FY2020 | Sep 30, 2020 | $84.52M | Nov 19, 2020 |
| FY2020 | Jun 30, 2020 | $87.31M | Nov 19, 2020 |
| FY2020 | Mar 31, 2020 | $37.31M | Nov 19, 2020 |
| FY2020 | Dec 31, 2019 | $79.14M | Nov 19, 2020 |
| FY2020 | Sep 30, 2019 | $77.58M | Nov 19, 2020 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $713.11M | Nov 20, 2025 |
| FY2025 | Sep 30, 2024 | $671.58M | Nov 20, 2025 |
| FY2025 | Sep 30, 2023 | $639.22M | Nov 20, 2025 |
| FY2024 | Sep 30, 2022 | $534.49M | Nov 21, 2024 |
| FY2023 | Sep 30, 2021 | $494.09M | Nov 16, 2023 |
| FY2022 | Sep 30, 2020 | $387.09M | Nov 22, 2022 |
| FY2021 | Sep 30, 2019 | $321.02M | Nov 18, 2021 |
| FY2020 | Sep 30, 2018 | $285.24M | Nov 19, 2020 |
| FY2019 | Sep 30, 2017 | $284.59M | Nov 26, 2019 |
| FY2018 | Sep 30, 2016 | $269.09M | Nov 20, 2018 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $429.37M | Nov 20, 2025 |
| FY2025 | Sep 30, 2024 | $515.26M | Nov 20, 2025 |
| FY2025 | Sep 30, 2023 | $314.34M | Nov 20, 2025 |
| FY2024 | Sep 30, 2022 | $289.84M | Nov 21, 2024 |
| FY2023 | Sep 30, 2021 | $517.32M | Nov 16, 2023 |
| FY2022 | Sep 30, 2020 | $244.59M | Nov 22, 2022 |
| FY2021 | Sep 30, 2019 | $356.73M | Nov 18, 2021 |
| FY2020 | Sep 30, 2018 | $316.77M | Nov 19, 2020 |
| FY2019 | Sep 30, 2017 | $336.42M | Nov 26, 2019 |
| FY2018 | Sep 30, 2016 | $180.03M | Nov 20, 2018 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2015 | Sep 30, 2015 | $98.99M | Nov 16, 2015 |
| FY2015 | Sep 30, 2014 | $36.26M | Nov 16, 2015 |
| FY2015 | Sep 30, 2013 | $43.58M | Nov 16, 2015 |
| FY2014 | Sep 30, 2012 | $18.37M | Nov 17, 2014 |
| FY2013 | Sep 30, 2011 | $18.51M | Nov 19, 2013 |
| FY2012 | Sep 30, 2010 | $13.94M | Nov 16, 2012 |
| FY2011 | Sep 30, 2009 | $19.69M | Nov 14, 2011 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $4.07B | Nov 20, 2025 |
| FY2025 | Sep 30, 2024 | $4.13B | Nov 20, 2025 |
| FY2024 | Sep 30, 2023 | $3.99B | Nov 21, 2024 |
| FY2023 | Sep 30, 2022 | $3.99B | Nov 16, 2023 |
| FY2022 | Sep 30, 2021 | $4.12B | Nov 22, 2022 |
| FY2021 | Sep 30, 2020 | $2.02B | Nov 18, 2021 |
| FY2020 | Sep 30, 2019 | $1.75B | Nov 19, 2020 |
| FY2019 | Sep 30, 2018 | $1.46B | Nov 26, 2019 |
| FY2018 | Sep 30, 2017 | $1.35B | Nov 20, 2018 |
| FY2017 | Sep 30, 2016 | $1.35B | Nov 20, 2017 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $2.40B | Nov 20, 2025 |
| FY2025 | Sep 30, 2024 | $2.29B | Nov 20, 2025 |
| FY2024 | Sep 30, 2023 | $2.32B | Nov 21, 2024 |
| FY2023 | Sep 30, 2022 | $2.44B | Nov 16, 2023 |
| FY2022 | Sep 30, 2021 | $2.64B | Nov 22, 2022 |
| FY2021 | Sep 30, 2020 | $782.88M | Nov 18, 2021 |
| FY2020 | Sep 30, 2019 | $497.53M | Nov 19, 2020 |
| FY2019 | Sep 30, 2018 | $375.58M | Nov 26, 2019 |
| FY2018 | Sep 30, 2017 | $404.89M | Nov 20, 2018 |
| FY2017 | Sep 30, 2016 | $595.68M | Nov 20, 2017 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $1.67B | Nov 20, 2025 |
| FY2025 | Sep 30, 2024 | $1.84B | Nov 20, 2025 |
| FY2025 | Sep 30, 2023 | $1.67B | Nov 20, 2025 |
| FY2025 | Sep 30, 2022 | $1.55B | Nov 20, 2025 |
| FY2020 | Sep 30, 2020 | $1.24B | Nov 19, 2020 |
| FY2020 | Sep 30, 2019 | $1.25B | Nov 19, 2020 |
| FY2019 | Sep 30, 2018 | $1.08B | Nov 26, 2019 |
| FY2018 | Sep 30, 2017 | $940.09M | Nov 20, 2018 |
| FY2017 | Sep 30, 2016 | $749.08M | Nov 20, 2017 |
| FY2016 | Sep 30, 2015 | $612.38M | Nov 21, 2016 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $1.78B | Nov 20, 2025 |
| FY2025 | Sep 30, 2024 | $1.78B | Nov 20, 2025 |
| FY2025 | Sep 30, 2023 | $1.78B | Nov 20, 2025 |
| FY2024 | Sep 30, 2022 | $1.78B | Nov 21, 2024 |
| FY2023 | Sep 30, 2021 | $1.77B | Nov 16, 2023 |
| FY2022 | Sep 30, 2020 | $593.13M | Nov 22, 2022 |
| FY2021 | Sep 30, 2019 | $584.47M | Nov 18, 2021 |
| FY2020 | Sep 30, 2018 | $399.88M | Nov 19, 2020 |
| FY2019 | Sep 30, 2017 | $402.98M | Nov 26, 2019 |
| FY2018 | Sep 30, 2016 | $397.56M | Nov 20, 2018 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $1.06B | Nov 20, 2025 |
| FY2025 | Sep 30, 2024 | $1.28B | Nov 20, 2025 |
| FY2024 | Sep 30, 2023 | $1.12B | Nov 21, 2024 |
| FY2023 | Sep 30, 2022 | $1.03B | Nov 16, 2023 |
| FY2022 | Sep 30, 2021 | $987.83M | Nov 22, 2022 |
| FY2021 | Sep 30, 2020 | $770.50M | Nov 18, 2021 |
| FY2020 | Sep 30, 2019 | $794.74M | Nov 19, 2020 |
| FY2019 | Oct 1, 2018 | $666.21M | Nov 26, 2019 |
| FY2019 | Sep 30, 2018 | $633.28M | Nov 26, 2019 |
| FY2018 | Sep 30, 2017 | $492.11M | Nov 20, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $222.35M | Nov 20, 2025 |
| FY2025 | Sep 30, 2024 | $183.12M | Nov 20, 2025 |
| FY2024 | Sep 30, 2023 | $65.41M | Nov 21, 2024 |
| FY2023 | Sep 30, 2022 | $40.66M | Nov 16, 2023 |
| FY2022 | Sep 30, 2021 | $135.06M | Nov 22, 2022 |
| FY2021 | Sep 30, 2020 | $71.74M | Nov 18, 2021 |
| FY2020 | Sep 30, 2019 | $105.57M | Nov 19, 2020 |
| FY2020 | Sep 30, 2018 | $349.25M | Nov 19, 2020 |
| FY2020 | Sep 30, 2017 | $166.25M | Nov 19, 2020 |
| FY2019 | Sep 30, 2016 | $66.20M | Nov 26, 2019 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2021 | Sep 30, 2021 | $1.51B | Nov 18, 2021 |
| FY2021 | Sep 30, 2020 | $28.90M | Nov 18, 2021 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | 5 | Nov 20, 2025 |
| FY2025 | Sep 30, 2024 | 5 | Nov 20, 2025 |
| FY2025 | Sep 30, 2023 | 2 | Nov 20, 2025 |
| FY2024 | Sep 30, 2022 | 3 | Nov 21, 2024 |
| FY2023 | Sep 30, 2021 | 4 | Nov 16, 2023 |
| FY2020 | Sep 30, 2020 | 1 | Nov 19, 2020 |
| FY2020 | Jun 30, 2020 | 1 | Nov 19, 2020 |
| FY2020 | Mar 31, 2020 | 0 | Nov 19, 2020 |
| FY2020 | Dec 31, 2019 | 0 | Nov 19, 2020 |
| FY2020 | Sep 30, 2019 | 0 | Nov 19, 2020 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | 5 | Nov 20, 2025 |
| FY2025 | Sep 30, 2024 | 4 | Nov 20, 2025 |
| FY2025 | Sep 30, 2023 | 2 | Nov 20, 2025 |
| FY2024 | Sep 30, 2022 | 3 | Nov 21, 2024 |
| FY2023 | Sep 30, 2021 | 4 | Nov 16, 2023 |
| FY2020 | Sep 30, 2020 | 1 | Nov 19, 2020 |
| FY2020 | Jun 30, 2020 | 1 | Nov 19, 2020 |
| FY2020 | Mar 31, 2020 | 0 | Nov 19, 2020 |
| FY2020 | Dec 31, 2019 | 0 | Nov 19, 2020 |
| FY2020 | Sep 30, 2019 | 0 | Nov 19, 2020 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | 54.81M | Nov 20, 2025 |
| FY2025 | Sep 30, 2024 | 60.35M | Nov 20, 2025 |
| FY2024 | Sep 30, 2023 | 61.00M | Nov 21, 2024 |
| FY2023 | Sep 30, 2022 | 60.77M | Nov 16, 2023 |
| FY2022 | Sep 30, 2021 | 61.95M | Nov 22, 2022 |
| FY2021 | Sep 30, 2020 | 61.50M | Nov 18, 2021 |
| FY2020 | Sep 30, 2019 | 63.98M | Nov 19, 2020 |
| FY2019 | Sep 30, 2018 | 64.37M | Nov 26, 2019 |
| FY2018 | Sep 30, 2017 | 65.14M | Nov 20, 2018 |
| FY2017 | Sep 30, 2016 | 65.22M | Nov 20, 2017 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2014 | Sep 30, 2014 | $12.19M | Nov 17, 2014 |
| FY2014 | Sep 30, 2013 | $12.27M | Nov 17, 2014 |
| FY2014 | Sep 30, 2012 | $12.18M | Nov 17, 2014 |
| FY2013 | Sep 30, 2011 | $10.33M | Nov 19, 2013 |
| FY2012 | Sep 30, 2010 | $8.38M | Nov 16, 2012 |
| FY2011 | Sep 30, 2009 | $8.05M | Nov 14, 2011 |