The financials
Maximus, Inc. by the numbers
Maximus, Inc. (MMS) reported revenue of $1.31B in Q2 2026 (quarter ended March 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 2026-Q1 was U.S.Federal Services at $753M, 58% of the disclosed total, just ahead of US Services at 32%.
| 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 | $753M | 58% |
| US Services | $416M | 32% |
| Outside The United States | $137M | 10% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $1.31B (-2.9%)
Outside The United States grew -3.1% year on yearUS Services -6.0% year on year
Segment Latestquarter on quarteryear on year
- U.S.Federal Services$753.1M$753.1MQoQ -4.3%year on year -3.2%-4.3%-3.2%
- US Services$415.8M$415.8MQoQ +0.12%year on year -6.0%+0.12%-6.0%
- Outside The United States$137.1M$137.1MQoQ -4.3%year on year -3.1%-4.3%-3.1%
Specialty Business Services
Ranks #4 of 18 by Smart Score