The earnings call presented a strong performance with record earnings and significant contract wins, particularly in the U.S. Federal Services segment. However, cash flow challenges and specific segment declines were noted, indicating areas for improvement.

Company Guidance

During Maximus' Fiscal 2025 Third Quarter Conference Call, the company reported record-breaking earnings, with adjusted diluted earnings per share reaching $2.16, marking a 24% increase year-over-year. The company also realized a 15% growth in adjusted EBITDA. Revenue for the quarter was $1.35 billion, representing a 4.3% organic growth year-over-year. Maximus highlighted its strong performance in an uncertain environment, particularly in the government, IT, and consulting sectors. The company also discussed its strategic positioning to capitalize on the One Big Beautiful Bill Act, which could create significant opportunities in Medicaid and SNAP, requiring states to implement changes by December 2026. Additionally, Maximus reported a $77 million contract win with the U.S. Air Force Life Cycle Management Center to provide cybersecurity and cloud-based services, reflecting its expanding role in defense. The total pipeline of sales opportunities stood at $44.7 billion, with 63% representing new work. The company raised its full-year guidance, now expecting revenue between $5.375 billion and $5.475 billion, reflecting approximately a 22% year-over-year earnings growth.

Record-Breaking Earnings

Maximus reported adjusted diluted earnings per share of $2.16, a 24% increase year-over-year. Adjusted EBITDA grew by 15%.

Revenue Growth and Performance

Q3 revenue reached $1.35 billion, representing a 4.3% organic growth year-over-year. The U.S. Federal Services segment posted 11.4% revenue growth, all organic.

Strong Contract Wins

Maximus secured a $77 million contract with the U.S. Air Force Life Cycle Management Center for cybersecurity and cloud-based services.

Positive Pipeline Indicators

Total pipeline of sales opportunities was reported at $44.7 billion, with 63% representing new work. Signed awards totaled $3.4 billion of total contract value.

CMMC Level 2 Certification

Maximus achieved Cybersecurity Maturity Model Certification Level 2, positioning itself to compete effectively across the federal government contracting landscape.

Maximus (MMS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MMS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 19, 2025	2025 (Q4)	1.67 / -	1.46	―	―	―
Aug 07, 2025	2025 (Q3)	1.53 / 2.16	1.74	24.14% (+0.42)
May 08, 2025	2025 (Q2)	1.38 / 2.01	1.57	28.03% (+0.44)
Feb 06, 2025	2025 (Q1)	1.37 / 1.61	1.34	20.15% (+0.27)
Nov 20, 2024	2024 (Q4)	1.48 / 1.46	1.29	13.18% (+0.17)
Aug 07, 2024	2024 (Q3)	1.52 / 1.74	0.5	248.00% (+1.24)
May 08, 2024	2024 (Q2)	1.30 / 1.57	0.52	201.92% (+1.05)
Feb 07, 2024	2024 (Q1)	1.19 / 1.34	0.65	106.15% (+0.69)
Nov 15, 2023	2023 (Q4)	1.13 / 1.29	1.13	14.16% (+0.16)
Aug 02, 2023	2023 (Q3)	0.64 / 0.50	0.51	-1.96% (-0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MMS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$74.60	$78.02	+4.58%
May 08, 2025	$66.65	$75.17	+12.78%
Feb 06, 2025	$74.92	$69.16	-7.69%
Nov 20, 2024	$79.57	$74.06	-6.92%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Maximus (MMS) report earnings?

Maximus (MMS) is schdueled to report earning on Nov 19, 2025, Before Open (Confirmed).

What is Maximus (MMS) earnings time?

Maximus (MMS) earnings time is at Nov 19, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MMS EPS forecast?

MMS EPS forecast for the fiscal quarter 2025 (Q4) is 1.67.

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