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Maximus MMS Operating Income

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Other financials

Income statement

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Revenue$1.3B-5.1%
Gross profit$348.8M-3.0%
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:OperatingIncomeLoss.

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
Gross profit348,803359,5131,009,737999,891
Selling, general, and administrative expenses167,188170,831492,827525,423
Amortization of intangible assets20,18723,01060,78569,041
Operating income161,428165,672456,125405,427
Interest expense23,87822,65766,80561,648
Other (income)/expense, net(608)48(1,639)(603)
Income before income taxes138,158142,967390,959344,382
Provision for income taxes34,56536,98695,360100,636

Item 1. Financial Statements

FAQ

What is Maximus's operating income?
Maximus (MMS) reported operating income of $161.43M in Q2 2026.
How has Maximus's operating income changed year-over-year?
Maximus's operating income decreased by 2.6% year-over-year, from $165.67M to $161.43M.
What is the long-term trend for Maximus's operating income?
Over 4 years (2021 to 2025), Maximus's operating income has grown at a 6.6% compound annual growth rate (CAGR), from $408.53M to $528.29M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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