Security
MAXIMUS, Inc. · MMS
MMSNYSECommon stockCurrentCIK 1032220Updated Oct 3, 2026
Name history
MAXIMUS INC · through Jul 2, 2019
MMS price & chart
Loading TradingView…
NYSE:MMS on TradingView ↗About the company
As a leading strategic partner to government, Maximus helps improve the delivery of public services amid complex technology, health, economic, and social challenges. With a deep understanding of program service delivery, acute insights that achieve operational excellence, and an extensive awareness of the needs of the people being served, our employees advance the critical missions of our partners. Maximus provides tech-enabled services to government agencies, including innovative business process management and technology solutions, that provide improved outcomes for the public and higher levels of productivity and efficiency of government-sponsored programs. For more information, visit maximus.com.
In the news
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Financials
FY 2025 · USDSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,069,639,000Source | 4,131,508,000Source | 3,985,797,000Source | 3,992,714,000Source |
| Property, Plant and Equipment, NetUSD | 30,972,000Source | 38,977,000Source | 38,831,000Source | 52,258,000Source |
| GoodwillUSD | 1,782,095,000Source | 1,782,871,000Source | 1,779,215,000Source | 1,779,415,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 222,351,000Source | 183,123,000Source | 65,405,000Source | 40,658,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 898,095,000Source | 879,514,000Source | 826,873,000Source | 807,110,000Source |
| Assets, CurrentUSD | 1,252,924,000Source | 1,200,544,000Source | 1,055,466,000Source | 1,032,313,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 128,574,000Source | 132,625,000Source | 146,632,000Source | 182,387,000Source |
| Operating Lease, Right-of-Use AssetUSD | 100,514,000Source | 133,594,000Source | 163,929,000Source | 132,885,000Source |
| Other Assets, NoncurrentUSD | 12,513,000Source | 27,130,000Source | 46,147,000Source | 42,447,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,395,604,000Source | 2,288,693,000Source | 2,317,962,000Source | 2,443,343,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | 1,063,784,000Source | 1,276,971,000Source | 1,117,552,000Source | 1,025,354,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -17,867,000Source | -32,460,000Source | -27,615,000Source | -33,961,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,674,035,000Source | — | — | — |
| Liabilities and EquityUSD | 4,069,639,000Source | 4,131,508,000Source | 3,985,797,000Source | 3,992,714,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 765,163,000Source | 807,529,000Source | 723,014,000Source | 774,447,000Source |
| Operating Lease, Liability, CurrentUSD | 38,605,000Source | 47,656,000Source | 49,852,000Source | 63,999,000Source |
| Operating Lease, Liability, NoncurrentUSD | 71,289,000Source | 97,221,000Source | 129,367,000Source | 86,175,000Source |
| Deferred Income Tax Liabilities, NetUSD | 149,020,000Source | 169,118,000Source | 203,898,000Source | 206,099,000Source |
| Other Liabilities, NoncurrentUSD | 22,637,000Source | 20,195,000Source | 13,253,000Source | 22,515,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 137,529,000Source | 154,317,000Source | 201,439,000Source | 201,129,000Source |
| Long-term Debt, Current MaturitiesUSD | 52,680,000Source | 40,139,000Source | 86,844,000Source | 63,458,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,281,593,000Source | 1,091,954,000Source | 1,163,149,000Source | 1,292,483,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | 306,914,000Source | 161,792,000Source | 203,828,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 41,182,000Source | 35,349,000Source | 29,522,000Source | 30,476,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 31,852,000Source | 50,562,000Source | 23,401,000Source | -14,132,000Source |
| Deferred Income Tax Expense (Benefit)USD | -16,716,000Source | -36,022,000Source | 1,552,000Source | 10,204,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 429,372,000Source | 515,258,000Source | 314,340,000Source | 289,839,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 0Source | 0Source | 14,295,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -60,261,000Source | -129,104,000Source | -80,963,000Source | -54,009,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 2,165,000Source | — | — | 0Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 16,451,000Source | 13,455,000Source | 8,475,000Source | 9,673,000Source |
| Payments for Repurchase of Common StockUSD | 447,482,000Source | 73,069,000Source | 0Source | 96,119,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -343,877,000Source | -275,646,000Source | -250,798,000Source | -248,271,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -10,937,000Source | — | 0Source | 83,264,000Source |
| Repayments of Long-term DebtUSD | — | — | — | 770,658,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 24,696,000Source | 113,672,000Source | -14,704,000Source | -19,775,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 260,459,000Source | 235,763,000Source | 122,091,000Source | 136,795,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 82,562,000Source | 78,955,000Source | 81,098,000Source | 43,094,000Source |
| Income Taxes Paid, NetUSD | 149,937,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -538,000Source | 3,164,000Source | 2,717,000Source | -7,334,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 41,200,000Source | 35,300,000Source | 29,500,000Source | 30,500,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 2,782,000Source | 3,534,000Source | 2,837,000Source | 3,012,000Source |
| Amortization of Intangible AssetsUSD | 92,047,000Source | 91,570,000Source | 94,591,000Source | 90,465,000Source |
| Capitalized Computer Software, AmortizationUSD | 22,200,000Source | 14,800,000Source | 26,300,000Source | 14,100,000Source |
| DepreciationUSD | 19,500,000Source | 19,200,000Source | 28,400,000Source | 28,300,000Source |
| Gain (Loss) on Disposition of BusinessUSD | -39,549,000Source | -1,018,000Source | -883,000Source | 0Source |
| Gain (Loss) on Sale of PropertiesUSD | — | 0Source | 0Source | 11,046,000Source |
| GoodwillUSD | 1,782,095,000Source | 1,782,871,000Source | 1,779,215,000Source | 1,779,415,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 125,815,000Source | 99,595,000Source | 48,501,000Source | 73,270,000Source |
| InterestExpenseNonoperatingUSD | 84,080,000Source | 82,440,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 319,034,000Source | 306,914,000Source | 161,792,000Source | 203,828,000Source |
| Other Nonoperating Income (Expense)USD | 640,000Source | 450,000Source | -363,000Source | -2,835,000Source |
| Payments of Financing CostsUSD | 1,658,000Source | 9,724,000Source | 0Source | 0Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | 615,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 5,431,276,000Source | 5,306,197,000Source | 4,904,728,000Source | 4,631,018,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 713,107,000Source | 671,583,000Source | 639,223,000Source | 534,493,000Source |
| Operating Income (Loss)USD | 528,289,000Source | 488,499,000Source | 294,794,000Source | 325,898,000Source |
| Other Nonoperating Income (Expense)USD | 640,000Source | 450,000Source | -363,000Source | -2,835,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 444,849,000Source | 406,509,000Source | 210,293,000Source | 277,098,000Source |
| Income Tax Expense (Benefit)USD | 125,815,000Source | 99,595,000Source | 48,501,000Source | 73,270,000Source |
| Net Income (Loss) Attributable to ParentUSD | 319,034,000Source | 306,914,000Source | 161,792,000Source | 203,828,000Source |
| Earnings Per Share, BasicUSD per share | 5.56Source | 5.03Source | 2.65Source | 3.3Source |
| Earnings Per Share, DilutedUSD per share | 5.51Source | 4.99Source | 2.63Source | 3.29Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 57,413,000Source | 61,049,000Source | 61,125,000Source | 61,774,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 57,921,000Source | 61,484,000Source | 61,450,000Source | 61,969,000Source |
| Interest Expense (non-operating)USD | 84,080,000Source | 82,440,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 92,047,000Source | 91,570,000Source | 94,591,000Source | 90,465,000Source |
| Capitalized Computer Software, AmortizationUSD | 22,200,000Source | 14,800,000Source | 26,300,000Source | 14,100,000Source |
| Current Income Tax Expense (Benefit)USD | 142,531,000Source | 135,617,000Source | 46,949,000Source | 63,066,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 41,669,000Source | 33,957,000Source | 54,725,000Source | 42,330,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 1,333,443,000Source | 1,251,652,000Source | 1,028,608,000Source | 939,810,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 438,863,000Source | 377,594,000Source | 198,115,000Source | 274,641,000Source |
Filing attachments
mms-2026x06x30x8kxex991.htm · 8-K · 2026-08-06
EX-99.1 2 mms-2026x06x30x8kxex991.htm EX-99.1 Document FOR IMMEDIATE RELEASE CONTACT: James Francis, VP - IR ─────────────────────────────────────────────────────────────────── IR@maximus.com Date: August 6, 2026 Maximus Reports Fiscal Year 2026 Third Quarter Results Strong earnings performance reflects disciplined execution (Tysons, Va. - August 6, 2026) - Maximus (NYSE: MMS), a leading provider of government services, reported f…
Read attachment ↗mms-2026x03x31x8kxex991.htm · 8-K · 2026-05-07
EX-99.1 2 mms-2026x03x31x8kxex991.htm EX-99.1 Document FOR IMMEDIATE RELEASE CONTACT: James Francis, VP - IR ─────────────────────────────────────────────────────────────────── IR@maximus.com Date: May 7, 2026 Maximus Reports Fiscal Year 2026 Second Quarter Results Raises earnings outlook and announces $400 million share repurchase program (Tysons, Va. - May 7, 2026) - Maximus (NYSE: MMS), a leading provider of government services…
Read attachment ↗mms-2025x12x31x8kxex991.htm · 8-K · 2026-02-05
EX-99.1 2 mms-2025x12x31x8kxex991.htm EX-99.1 Document FOR IMMEDIATE RELEASE CONTACT: James Francis, VP - IR ──────────────────────────────────────────────────────────────────── IR@maximus.com Date: February 5, 2026 Maximus Reports Fiscal Year 2026 First Quarter Results Earnings outlook raised on resilient performance and strong pipeline supports future outlook (Tysons, Va. - February 5, 2026) - Maximus (NYSE: MMS), a leading pr…
Read attachment ↗mms-2025x09x30x8kxex991.htm · 8-K · 2025-11-20
EX-99.1 2 mms-2025x09x30x8kxex991.htm EX-99.1 Document FOR IMMEDIATE RELEASE CONTACT: James Francis, VP - IR ───────────────────────────────────────────────────────────────────── Jessica Batt, VP - IR Date: November 20, 2025 IR@maximus.com Maximus Reports Fourth Quarter and Full Year Results for Fiscal Year 2025 Delivers margin expansion, strong cash generation, and establishes fiscal year 2026 guidance (Tys…
Read attachment ↗mms-2025x09x08x8k_ex991.htm · 8-K · 2025-09-10
EX-99.1 2 mms-2025x09x08x8k_ex991.htm EX-99.1 Document FOR IMMEDIATE RELEASE Maximus Board Authorizes Expansion to Purchase Program of Maximus Common Stock (Tysons, Va. - September 10, 2025) - Maximus (NYSE:MMS), a leading employer and provider of government services, announced today that its Board of Directors has authorized an expansion to the purchase program for Maximus common stock to up to an aggregate of $400 million. This includes approximately $32.7 million of remaining availabil…
Read attachment ↗mms-2025x06x30x8kxex991.htm · 8-K · 2025-08-07
EX-99.1 2 mms-2025x06x30x8kxex991.htm EX-99.1 Document FOR IMMEDIATE RELEASE CONTACT: James Francis, VP - IR ─────────────────────────────────────────────────────────────────── Jessica Batt, VP - IR Date: August 7, 2025 IR@maximus.com Maximus Reports Fiscal Year 2025 Third Quarter Results Third Consecutive Raise to FY25 Guidance (Tysons, Va. - August 7, 2025) - Maximus (NYSE: MMS), a leading provider of governm…
Read attachment ↗