---
schema_version: "secwatch.filing_event.v1"
accession: "0001032220-26-000012"
form_type: "8-K"
ticker: "MMS"
cik: "0001032220"
company_name: "MAXIMUS, INC."
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:15:19.028833+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Maximus Q1 adj EPS $1.85 beats prior $1.61; raises FY2026 guidance

## Summary
- Revenue $1.35B (-4.1% YoY), in-line with expectations; GAAP EPS $1.70 vs $0.69, adj EPS $1.85 vs $1.61.
- FY2026 guidance raised: adj EBITDA margin ~14% (+30bps), adj EPS $8.05-$8.35 (up $0.10 midpoint); revenue narrowed to $5.2B-$5.35B.
- U.S. Federal Services margin improved to 16.5% (from 12.7%); U.S. Services margin fell to 7.1% (from 9.0%).
- Operating cash flow -$244M, free cash flow -$251M due to seasonality/delays; DSO 78 days.
- Dividend maintained at $0.33/share; payable March 2 to holders of record Feb 13.

## SEC filing metadata
- accession: 0001032220-26-000012
- form_type: 8-K
- ticker: MMS
- cik: 0001032220
- company_name: MAXIMUS, INC.
- filed_at: 2026-02-05T23:59:59+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/1032220/000103222026000012/0001032220-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032220/000103222026000012/mms-20260205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001032220-26-000012
- JSON: https://secwatch.observer/filing/0001032220-26-000012.json
- Plain text: https://secwatch.observer/filing/0001032220-26-000012.txt

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