Jun 2026 (Q3 FY26) — Aug 6, 2026
Maximus Q3 FY26 — Strong Execution Amidst VA MDE Incentive Pause
Read the full callMaximus (MMS) earnings
- Jun 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
Maximus earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,279 | −5.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 12.6 | +0.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 104 | −2.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$61.33 −0.23% · −$0.14
Performance −28.0% 1Y
1Y: $85.18 on 17 Oct 2025 → $61.33. High $98.93 (22 Jan 2026), low $52.1 (28 Sept 2026).
- Previous close
- $61.47
- 52-week range
- $52.1 – $98.93
- One year
- −29.55%
Overview
- Symbol
- MMS
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Maximus earnings calls (MMS)
Financials
What the filings say
Net profit, year on year: −2% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,316 | 1,403 | 1,362 | 1,348 | 1,318 | 1,345 | 1,306 | 1,279 |
| Operating profit | 112 | 87 | 153 | 166 | 123 | 146 | 148 | 161 |
| Operating margin | 8.5% | 6.2% | 11.2% | 12.3% | 9.3% | 10.9% | 11.4% | 12.6% |
| Interest | 20 | 18 | 21 | 23 | 22 | 21 | 22 | 24 |
| Profit before tax | 93 | 69 | 132 | 143 | 100 | 126 | 127 | 138 |
| Tax rate | 21.8% | 40.3% | 27.1% | 25.9% | 25.1% | 25.6% | 22.5% | 25.0% |
| Net profit | 73 | 41 | 97 | 106 | 75 | 94 | 98 | 104 |
| EPS ($ per share) | — | 0.69 | 1.70 | 1.87 | — | 1.71 | 1.81 | 1.96 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 633 | 795 | 770 | 988 | 1,025 | 1,118 | 1,277 | 1,064 |
| Total liabilities | 376 | 498 | 783 | 2,639 | 2,443 | 2,318 | 2,289 | 2,396 |
| Fixed assets | 78 | 100 | 67 | 63 | 52 | 39 | 39 | 31 |
| Investments | 20 | 0 | — | — | — | — | — | — |
| Total assets | 1,462 | 1,746 | 2,025 | 4,119 | 3,993 | 3,986 | 4,132 | 4,070 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 317 | 357 | 245 | 517 | 290 | 314 | 515 | 429 |
| Cash from investing | -45 | -484 | -44 | -1,835 | -54 | -81 | -129 | -60 |
| Cash from financing | -92 | -111 | -230 | 1,386 | -248 | -251 | -276 | -344 |
| Net cash flow | 177 | -240 | -28 | 68 | -20 | -15 | 114 | 25 |
| Capital expenditure | -27 | -67 | -41 | -37 | -56 | -91 | -114 | -63 |
| Free cash flow | 290 | 290 | 204 | 481 | 234 | 224 | 401 | 366 |
Insider filings
53 filings between Nov 24, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
$329.6K
6 purchases by 4 insiders
Sales
$578.3K
3 sales by 2 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 26
- Award — granted as compensation
- 10
- Tax withheld — shares kept back by the company to cover tax
Also filed: 8 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Link Michelle F. | — | $524.7K | Oct 1, 2026 |
| Caswell Bruce | $249.1K | — | Feb 10, 2026 |
| Mutryn David | $75.6K | — | Feb 9, 2026 |
| Madsen Jan | — | $53.6K | Mar 17, 2026 |
| RAJAN GAYATHRI | $3.6K | — | Nov 28, 2025 |
| Warren Michael J. | $1.2K | — | Nov 28, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Link Michelle F. Chief of Human Resources | Sale 10b5-1 plan | 3,208 | $174.0K |
| Sep 30, 2026 | Link Michelle F. Chief of Human Resources | Tax withheld 10b5-1 plan | 2,637 | $140.3K |
| Sep 30, 2026 | Mutryn David Chief Financial Officer | Tax withheld | 4,749 | $252.6K |
| Sep 30, 2026 | GOLINVAUX THERESA D Principal Accounting Officer | Tax withheld | 1,244 | $66.1K |
| Sep 30, 2026 | Baylinson Ilene R. General Mgr - Health & Human | Tax withheld | 3,945 | $209.8K |
| Sep 30, 2026 | Moellering Elizabeth General Counsel and Corp. Sec. | Tax withheld | 713 | $37.9K |
| Mar 17, 2026 | Madsen Jan Director | Sale 10b5-1 plan | 742 | $53.6K |
| Mar 10, 2026 | Warren Michael J. Director | Award | 2,246 | $0 |
| Mar 10, 2026 | RAJAN GAYATHRI Director | Award | 2,246 | $0 |
| Mar 10, 2026 | Altman Anne K. Director | Award | 3,062 | $0 |
| Mar 10, 2026 | HALEY JOHN J Director | Award | 7,009 | $0 |
| Mar 10, 2026 | Madsen Jan Director | Award | 3,215 | $0 |
| Feb 27, 2026 | MONTONI RICHARD A Director | Gift | 7,000 | $0 |
| Feb 24, 2026 | MONTONI RICHARD A Director | Gift | 3,000 | $0 |
| Feb 18, 2026 | HALEY JOHN J Director | Gift | 32,764 | $0 |
| Feb 18, 2026 | HALEY JOHN J Director | Gift | 32,764 | $0 |
| Feb 10, 2026 | Caswell Bruce CEO & President | Purchase | 1,332 | $104.2K |
| Feb 10, 2026 | Caswell Bruce CEO & President | Purchase | 152 | $11.7K |
| Feb 10, 2026 | HALEY JOHN J Director | Gift | 32,764 | $0 |
| Feb 10, 2026 | Caswell Bruce CEO & President | Purchase | 1,691 | $133.2K |
| Feb 10, 2026 | HALEY JOHN J Director | Gift | 32,764 | $0 |
| Feb 9, 2026 | Mutryn David Chief Financial Officer | Purchase | 1,000 | $75.6K |
| Dec 3, 2025 | Link Michelle F. Chief of Human Resources | Sale 10b5-1 plan | 4,039 | $350.7K |
| Dec 2, 2025 | Caswell Bruce CEO & President | Award | 96,187 | $0 |
| Dec 2, 2025 | Caswell Bruce CEO & President | Tax withheld | 47,276 | $4.09M |
| Dec 2, 2025 | Link Michelle F. Chief of Human Resources | Award 10b5-1 plan | 7,358 | $0 |
| Dec 2, 2025 | Baylinson Ilene R. General Mgr - Health & Human | Award | 7,647 | $0 |
| Dec 2, 2025 | Mutryn David Chief Financial Officer | Tax withheld | 6,040 | $522.5K |
| Dec 2, 2025 | Mutryn David Chief Financial Officer | Award | 13,391 | $0 |
| Dec 2, 2025 | Baylinson Ilene R. General Mgr - Health & Human | Tax withheld | 3,831 | $331.5K |
| Dec 2, 2025 | GOLINVAUX THERESA D Principal Accounting Officer | Tax withheld | 542 | $46.8K |
| Dec 2, 2025 | GOLINVAUX THERESA D Principal Accounting Officer | Award | 1,201 | $0 |
| Dec 2, 2025 | Link Michelle F. Chief of Human Resources | Tax withheld 10b5-1 plan | 3,319 | $287.1K |
| Dec 1, 2025 | Baylinson Ilene R. General Mgr - Health & Human | Award | 28 | $0 |
| Dec 1, 2025 | Warren Michael J. Director | Award | 39 | $0 |
| Dec 1, 2025 | Altman Anne K. Director | Award | 11 | $0 |
| Dec 1, 2025 | MONTONI RICHARD A Director | Gift | 12,000 | $0 |
| Dec 1, 2025 | Martinez John Thomas Chief Legal Officer | Award | 33 | $0 |
| Dec 1, 2025 | Mutryn David Chief Financial Officer | Award | 37 | $0 |
| Dec 1, 2025 | Madsen Jan Director | Award | 50 | $0 |
| Dec 1, 2025 | RAJAN GAYATHRI Director | Award | 8 | $0 |
| Dec 1, 2025 | RUDDY RAYMOND B Director | Award | 694 | $0 |
| Dec 1, 2025 | Link Michelle F. Chief of Human Resources | Award | 20 | $0 |
| Dec 1, 2025 | HALEY JOHN J Director | Award | 104 | $0 |
| Dec 1, 2025 | GOLINVAUX THERESA D Principal Accounting Officer | Award | 14 | $0 |
| Nov 28, 2025 | Warren Michael J. Director | Purchase | 14 | $1.2K |
| Nov 28, 2025 | RAJAN GAYATHRI Director | Purchase | 42 | $3.6K |
| Nov 24, 2025 | GOLINVAUX THERESA D Principal Accounting Officer | Award | 2,565 | $0 |
| Nov 24, 2025 | Mutryn David Chief Financial Officer | Gift | 4,000 | $0 |
| Nov 24, 2025 | Mutryn David Chief Financial Officer | Award | 10,259 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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