---
schema_version: "secwatch.filing_event.v1"
accession: "0001032220-24-000048"
form_type: "8-K"
ticker: "MMS"
cik: "0001032220"
company_name: "MAXIMUS, INC."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:30:07.935652+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Maximus Q2 revenue up 11.7% to $1.35B, adjusted EPS $1.57; raises FY24 guidance

## Summary
- Revenue $1.35B (+11.7% YoY); organic growth 12.6%; adjusted EPS $1.57 vs $0.81 prior year.
- Raises FY24 guidance: revenue midpoint +$75M to $5.20B; adjusted EPS now $5.65-$5.85 (+$0.40).
- U.S. Federal Services revenue +20.1% to $701.7M, operating margin 11.9%; VA MDE contracts exceeded production goals.
- U.S. Services segment margin 14.0% (peak from Medicaid redeterminations); FY24 margin outlook ~13%.
- Quarterly dividend $0.30/share payable May 31; net debt/EBITDA improved to 1.7x; repurchased 242k shares for $19.3M post-quarter.

## SEC filing metadata
- accession: 0001032220-24-000048
- form_type: 8-K
- ticker: MMS
- cik: 0001032220
- company_name: MAXIMUS, INC.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032220/000103222024000048/0001032220-24-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032220/000103222024000048/mms-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001032220-24-000048
- JSON: https://secwatch.observer/filing/0001032220-24-000048.json
- Plain text: https://secwatch.observer/filing/0001032220-24-000048.txt

## Key facts
- Earnings Releases
  MAXIMUS, INC. reported three months ended March 31, 2024 results: revenue $1.35 billion, EPS $1.31. Guidance raised.
  - Period: three months ended March 31, 2024
  - Revenue: $1.35 billion
  - EPS: $1.31
  - Guidance: raised
  - Result: reported results
  source text: reported financial results for the three and six months ended March 31, 2024. Highlights for the second quarter of fiscal year 2024 include: • Revenue increased 11.7% to $1.35 billion, compared to $1.21 billion for the prior year period. Organic growth was 12.6% and driven by expanded programs in the domestic segments and resumed Medicaid-related activities. •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032220/000103222024000048/0001032220-24-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.