---
schema_version: "secwatch.filing_event.v1"
accession: "0001032220-26-000033"
form_type: "8-K"
ticker: "MMS"
cik: "0001032220"
company_name: "MAXIMUS, INC."
filed_at: "2026-08-06T12:25:23+00:00"
generated_at: "2026-08-06T12:30:18.219024+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Maximus Q3 adjusted EPS $2.22 beats $2.16 YoY; cuts FY2026 guidance on federal contract modification

## Summary
- Revenue $1.28B vs $1.35B prior year; diluted EPS $1.95 (adjusted $2.22) vs $1.86 ($2.16).
- FY2026 adjusted EPS guidance lowered to $7.90-8.20; adjusted EBITDA margin ~13.7%.
- Temporary customer-directed contractual modification on major federal program effective July-Dec 2026.
- U.S. Federal Services revenue $721M (down $40M YoY) but operating margin improved to 18.6% from 18.1%.
- Free cash flow guidance updated to $425-475M; DSO 98 days, expected below 70 by year-end.

## SEC filing metadata
- accession: 0001032220-26-000033
- form_type: 8-K
- ticker: MMS
- cik: 0001032220
- company_name: MAXIMUS, INC.
- filed_at: 2026-08-06T12:25:23+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032220/000103222026000033/0001032220-26-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032220/000103222026000033/mms-20260806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001032220-26-000033
- JSON: https://secwatch.observer/filing/0001032220-26-000033.json
- Plain text: https://secwatch.observer/filing/0001032220-26-000033.txt

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