The earnings call highlighted significant achievements, including record earnings and strong revenue growth, particularly in the U.S. Federal Services segment. However, challenges such as cash flow issues due to payment delays, a decrease in U.S. Services segment revenue, and potential budget constraints were noted. Despite these challenges, the overall sentiment is positive, driven by strong financial performance and optimistic guidance revisions.

Company Guidance -

Q4 2025

During Maximus' fiscal 2025 third quarter conference call on August 8, 2025, the company reported impressive financial performance metrics. Adjusted diluted earnings per share (EPS) rose by 24% year-over-year, reaching $2.16. Additionally, Maximus achieved a 15% growth in adjusted EBITDA and reported revenue of $1.35 billion, which represents a 4.3% organic growth compared to the previous year. The company attributed these achievements to its resilience and focus on customer service amidst an uncertain environment in the government, IT, and consulting sectors. Maximus also highlighted its strategic positioning to capitalize on new legislative changes, particularly the "One Big Beautiful Bill Act," which could enhance opportunities in Medicaid and SNAP programs. The company's overall strategy emphasizes adaptability to policy changes and leveraging existing infrastructure to deliver efficient and accountable outcomes for clients.

Record-Breaking Earnings

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

Strong Revenue Growth

Q3 revenue of $1.35 billion, a growth of 4.3% on an organic basis year-over-year.

U.S. Federal Services Segment Performance

Revenue increased by 11.4% to $761 million, with an operating income margin of 18.1%, a new high watermark for the segment.

Significant Contract Wins

Secured a $77 million contract with the U.S. Air Force Life Cycle Management Center to provide cybersecurity and cloud-based services.

Guidance Raise

Revenue guidance increased by $100 million to a range of $5.375 billion to $5.475 billion. Adjusted EPS guidance raised by $1 to range between $7.35 and $7.55 per share.

Debt Collection Progress

Collected more than $300 million related to a major U.S. federal program in July, improving cash flow expectations.

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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