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Maximus MMS Q2 2026 earnings

Reported May 7, 2026 · Before market open

Revenue$1.3BMiss by $7.9M
EPS$2.07Beat by $0.09
Revenue estimate$1.3B
EPS estimate$1.98

Next report

Nov 19, 2026 (in 2 months)
Revenue estimate$1.3B
EPS estimate$1.88

Financials

Q2 2026

Income statement

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Revenue$1.3B-4.1%
Gross profit$342.3M+1.0%
Operating income$148.5M-2.9%
Net income$98.1M+1.5%
EPS (diluted)$1.80+6.5%

Balance sheet

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Cash & equivalents$157.5M+45.7%
Total debt$1.6B+0.5%
Total equity$1.7B+1.8%
Total assets$4.2B+0.9%

Cash flow

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CapEx$10.5M-38.9%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$3.5B-9.4%
Enterprise value$4.97B-7.5%
P/E9.4×-3.5×
P/S0.7×-0.1×

Profitability

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Gross margin25.5%+1.8pp
Operating margin11%+1.8pp
Net margin7%+1.5pp

Returns & leverage

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Return on equity22.2%+4.8pp
Debt / equity1×0.0×
Current ratio2.2×+0.4×

Segments

By product

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Program Operations$644.9M-6.6%
Clinical Services$530.8M+5.3%
Technology Solutions$70.3M-20.2%
Employment & Other$60.0M-24.0%

By segment

See full
U.S. Services$415.8M-6.0%
Outside the U.S.$137.1M-3.1%

FAQ

When did Maximus report Q2 2026 earnings?
Maximus (MMS) reported Q2 2026 earnings on May 7, 2026 before market open.
What were Maximus's Q2 2026 revenue and EPS?
Maximus reported revenue of $1.3B and eps of $2.07 for Q2 2026.
Did Maximus beat estimates in Q2 2026?
Revenue missed the consensus estimate of $1.3B by $7.9M. EPS beat the consensus estimate of $1.98 by $0.09.
How did Maximus's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 3.8% from $1.4B a year earlier and eps grew 3.0% from $2.01.
Where can I find Maximus's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001032220-26-000024) and the 10-Q periodic report (0001032220-26-000027) directly on SEC EDGAR. The filing index links above go to sec.gov.