The financials
Maximus, Inc. by the numbers
Maximus, Inc. (MMS) reported revenue of $1.31B in Q2 2026 (quarter ended Mar 31, 2026), down 4.1% from the same quarter a year earlier. That came with a gross margin of 26% and net income of $98M (7.5% of revenue). For the full year FY2025, revenue was $5.43B (+2.4% year on year) and net income $319M. Its largest segment in Jun 2026 was U.S.Federal Services at $721M, 56% of the disclosed total, well ahead of US Services at 33%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $1.31B | $1.36B | −4.1% |
| Gross profit | $342M | $339M | +1.0% |
| Operating income | $148M | $153M | −2.9% |
| Net income | $98M | $97M | +1.5% |
| Diluted EPS | $1.80 | $1.69 | +6.5% |
| Operating | Revenue | Share |
|---|---|---|
| U.S.Federal Services | $721M | 56% |
| US Services | $418M | 33% |
| Outside The United States | $140M | 11% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Jun 2026Total $1.28B (-2.1%)
US Services grew -4.9% year on yearU.S.Federal Services -5.3% year on year
Segment Latestquarter on quarteryear on year
- U.S.Federal Services$721.0M$721.0MQoQ -4.3%year on year -5.3%-4.3%-5.3%
- US Services$418.2M$418.2MQoQ +0.59%year on year -4.9%+0.59%-4.9%
- Outside The United States$139.8M$139.8MQoQ +2.0%year on year -5.2%+2.0%-5.2%
Specialty Business Services
Ranks #4 of 18 by Smart Score