| Disaggregation of Revenue |
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| Table 4.1: Revenue by Service Type |
|
For the Year Ended September 30, |
|
2025 |
|
% |
|
2024 |
|
% |
|
2023 |
|
% |
|
(dollars in thousands) |
| Program Operations |
$ |
2,650,764 |
|
|
48.8 |
% |
|
$ |
2,570,494 |
|
|
48.4 |
% |
|
$ |
2,500,678 |
|
|
51.0 |
% |
| Clinical Services |
2,100,943 |
|
|
38.7 |
% |
|
1,891,292 |
|
|
35.6 |
% |
|
1,486,040 |
|
|
30.3 |
% |
| Employment & Other |
354,835 |
|
|
6.5 |
% |
|
469,304 |
|
|
8.8 |
% |
|
520,981 |
|
|
10.6 |
% |
| Technology Solutions |
324,734 |
|
|
6.0 |
% |
|
375,107 |
|
|
7.1 |
% |
|
397,029 |
|
|
8.1 |
% |
| Total revenue |
$ |
5,431,276 |
|
|
|
|
$ |
5,306,197 |
|
|
|
|
$ |
4,904,728 |
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| Table 4.2: Revenue by Contract Type |
|
For the Year Ended September 30, |
|
2025 |
|
% |
|
2024 |
|
% |
|
2023 |
|
% |
|
(dollars in thousands) |
| Performance-based |
$ |
2,954,395 |
|
|
54.4 |
% |
|
$ |
2,939,536 |
|
|
55.4 |
% |
|
$ |
2,425,597 |
|
|
49.5 |
% |
| Cost-plus |
1,316,646 |
|
|
24.2 |
% |
|
1,247,202 |
|
|
23.5 |
% |
|
1,238,574 |
|
|
25.3 |
% |
| Fixed price |
712,878 |
|
|
13.1 |
% |
|
686,555 |
|
|
12.9 |
% |
|
717,167 |
|
|
14.6 |
% |
| Time and materials |
447,357 |
|
|
8.2 |
% |
|
432,904 |
|
|
8.2 |
% |
|
523,390 |
|
|
10.7 |
% |
| Total revenue |
$ |
5,431,276 |
|
|
|
|
$ |
5,306,197 |
|
|
|
|
$ |
4,904,728 |
|
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| Table 4.3: Revenue by Customer Type |
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|
|
For the Year Ended September 30, |
|
2025 |
|
% |
|
2024 |
|
% |
|
2023 |
|
% |
|
(dollars in thousands) |
| New York state government agencies |
$ |
610,755 |
|
|
11.2 |
% |
|
$ |
647,349 |
|
|
12.2 |
% |
|
$ |
525,051 |
|
|
10.7 |
% |
| Other U.S. state government agencies |
1,153,928 |
|
|
21.2 |
% |
|
1,255,181 |
|
|
23.7 |
% |
|
1,275,763 |
|
|
26.0 |
% |
| Total U.S. state government agencies |
1,764,683 |
|
|
|
|
1,902,530 |
|
|
|
|
1,800,814 |
|
|
|
| U.S. federal government agencies |
2,995,821 |
|
|
55.2 |
% |
|
2,674,014 |
|
|
50.4 |
% |
|
2,344,863 |
|
|
47.8 |
% |
| International government agencies |
590,798 |
|
|
10.9 |
% |
|
642,222 |
|
|
12.1 |
% |
|
663,044 |
|
|
13.5 |
% |
| Other, including local municipalities and commercial customers |
79,974 |
|
|
1.5 |
% |
|
87,431 |
|
|
1.6 |
% |
|
96,007 |
|
|
2.0 |
% |
| Total revenue |
$ |
5,431,276 |
|
|
|
|
$ |
5,306,197 |
|
|
|
|
$ |
4,904,728 |
|
|
|
|
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|
| Table 4.4: Effect of Changes in Contract Estimates |
|
For the Year Ended September 30, |
|
2025 |
2024 |
2023 |
|
(in thousands, except per share data) |
| Increase in/(reduction of) revenue recognized due to changes in contract estimates |
$ |
11,424 |
|
$ |
(12,617) |
|
$ |
(13,346) |
|
| Increase in/(reduction of) diluted earnings per share recognized due to changes in contract estimates |
$ |
0.15 |
|
$ |
(0.15) |
|
$ |
(0.16) |
|
|