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Maximus MMS Employment & Other — Revenue

Other product segments

Program Operations
$602.81M-3.9%
Clinical Services
$553.08M-1.3%
Technology Solutions
$67.24M-15.1%

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Other financials

Income statement

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Revenue$1.3B-5.1%
Gross profit$348.8M-3.0%
Operating income$161.4M-2.6%
Net income$103.6M-2.3%
EPS (diluted)$1.95+4.8%

Balance sheet

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Cash & equivalents$57.0M-4.7%
Total debt$1.7B-2.7%
Total equity$1.7B-1.8%
Total assets$4.4B-2.1%

Cash flow

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Operating cash flow-$125.0M+31.6%
CapEx$12.0M-22.6%
Free cash flow-$137.0M+30.9%

Valuation

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Market cap$3.06B-27.4%
Enterprise value$4.74B-20.2%
P/E8.3×-5.1×
P/S0.6×-0.2×

Profitability

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Gross margin25.6%+1.6pp
Operating margin11%+1.5pp
Net margin7.1%+1.2pp
FCF margin4.1%-1.5pp

Returns & leverage

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Return on equity21.1%+3.5pp
Debt / equity0.0×
Current ratio2.4×+0.1×

Where this comes from

Reported directly by Maximus in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Maximus’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 10:47 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001032220-26-000035
Line itemFor the Three Months Ended / June 30, 2026For the Three Months Ended / June 30, 2025For the Nine Months Ended / June 30, 2026For the Nine Months Ended / June 30, 2025
Program Operations$602,807%$626,981%$1,924,106%$2,045,720%
Clinical Services553,075%560,360%1,607,602%1,535,849%
Employment & Other55,852%81,906%186,025%274,513%
Technology Solutions67,237%79,153%212,251%256,779%
Total revenue$1,278,971$1,348,400$3,929,984$4,112,861

Item 1. Financial Statements

FAQ

What is Maximus's employment & other — revenue?
Maximus (MMS) reported employment & other — revenue of $55.85M in Q2 2026.
How has Maximus's employment & other — revenue changed year-over-year?
Maximus's employment & other — revenue decreased by 31.8% year-over-year, from $81.91M to $55.85M.
What is the long-term trend for Maximus's employment & other — revenue?
Over 4 years (2021 to 2025), Maximus's employment & other — revenue has grown at a -6.5% compound annual growth rate (CAGR), from $463.7M to $354.84M.
What does employment & other — revenue mean?
This metric represents the total gross revenue generated by the company's employment services and ancillary business segment. It reflects the financial performance of programs focused on workforce development, job placement, and related support services. Tracking this revenue stream helps investors assess the scale and growth trajectory of the company's specialized service offerings outside of its core government contracting segments.

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