---
schema_version: "secwatch.filing_event.v1"
accession: "0001032220-25-000014"
form_type: "8-K"
ticker: "MMS"
cik: "0001032220"
company_name: "MAXIMUS, INC."
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T01:20:02.314539+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Maximus Q1 revenue up 5.7% to $1.40B, raises FY25 adjusted EPS guidance to $5.90-$6.20

## Summary
- Adjusted diluted EPS $1.61 vs $1.34 YoY; GAAP EPS $0.69 includes $38M divestiture charges from Australia/South Korea sales.
- U.S. Federal Services revenue +15.3% to $780.7M; U.S. Services revenue -7.7% to $452.3M on prior-year Medicaid unwinding.
- Repurchased 3.1M shares for $237M in Q1; additional 0.7M shares for $52.9M after quarter-end.
- Quarterly dividend of $0.30/share payable Feb 28, 2025 to holders of record Feb 15, 2025.
- Full-year free cash flow guidance raised by $10M to $355M-$385M; net leverage 1.8x, below 2x-3x target.

## SEC filing metadata
- accession: 0001032220-25-000014
- form_type: 8-K
- ticker: MMS
- cik: 0001032220
- company_name: MAXIMUS, INC.
- filed_at: 2025-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032220/000103222025000014/0001032220-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032220/000103222025000014/mms-20250206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001032220-25-000014
- JSON: https://secwatch.observer/filing/0001032220-25-000014.json
- Plain text: https://secwatch.observer/filing/0001032220-25-000014.txt

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