MAXIMUS, INC.MMSEarnings & Financial Report
Maximus Inc. is an American government services company, with operations in countries including the United States, Canada, and the United Kingdom. Maximus provides administration and other services for Medicaid, Medicare, health care reform, welfare-to-work, and student loan servicing, among other government programs. The company is based in Tysons, Virginia, has 39,600 employees and a reported annual revenue of $5.3 billion in fiscal year 2024.
MMS Q1 2026 Key Financial Metrics
Revenue
$1.3B
Gross Profit
$318.7M
Operating Profit
$146.2M
Net Profit
$93.9M
Gross Margin
23.7%
Operating Margin
10.9%
Net Margin
7.0%
YoY Growth
-4.1%
EPS
$1.70
Financial Flow
MAXIMUS, INC. Q1 2026 Financial Summary
MAXIMUS, INC. reported revenue of $1.3B for Q1 2026, with a net profit of $93.9M (7.0% margin). Cost of goods sold was $1.0B, operating expenses totaled $172.5M.
Key Financial Metrics
| Total Revenue | $1.3B |
|---|---|
| Net Profit | $93.9M |
| Gross Margin | 23.7% |
| Operating Margin | 10.9% |
| Report Period | Q1 2026 |
MAXIMUS, INC. Annual Revenue by Year
MAXIMUS, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $5.4B |
| 2024 | $5.3B |
| 2023 | $4.9B |
| 2022 | $4.6B |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.35B | $1.31B | $1.32B | $1.40B | $1.36B | $1.35B | $1.32B | $1.35B |
| YoY Growth | 11.7% | 10.6% | 4.4% | 5.7% | 1.0% | 2.5% | 0.2% | -4.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.04B | $4.00B | $4.13B | $4.06B | $4.20B | $4.46B | $4.07B | $4.21B |
| Liabilities | $2.25B | $2.18B | $2.29B | $2.41B | $2.53B | $2.69B | $2.40B | $2.49B |
| Equity | $1.79B | $1.82B | $1.84B | $1.65B | $1.67B | $1.77B | $1.67B | $1.72B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $130.5M | $199.3M | $163.8M | $-80.0M | $42.7M | $-182.7M | $649.4M | $-244.4M |