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Maximus MMS Technology Solutions — Revenue

Other product segments

Program Operations
$602.81M-3.9%
Clinical Services
$553.08M-1.3%
Employment & Other
$55.85M-31.8%

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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 technology solutions — revenue?
Maximus (MMS) reported technology solutions — revenue of $67.24M in Q2 2026.
How has Maximus's technology solutions — revenue changed year-over-year?
Maximus's technology solutions — revenue decreased by 15.1% year-over-year, from $79.15M to $67.24M.
What is the long-term trend for Maximus's technology solutions — revenue?
Over 4 years (2021 to 2025), Maximus's technology solutions — revenue has grown at a -0.8% compound annual growth rate (CAGR), from $335.55M to $324.73M.
What does technology solutions — revenue mean?
This metric represents the total gross income generated specifically from the Technology Solutions business segment. It reflects the market demand and commercial success of the company's specialized technical service offerings. Tracking this revenue stream helps investors assess the segment's contribution to the overall enterprise growth profile.

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