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Maximus, Inc.

MMS Consumer Discretionary Business Services
$63.38
▲ +3.8% Today
as of Oct 22, 16:50 ET
Last 30 days +6.79% Sep 14 → Oct 22
$51.20 $54.47 $57.74 $61.01 $64.28 Sep 14 Sep 22 Sep 29 Oct 07 Oct 14 Oct 22
Open
$62.82
High
$64.02
Low
$62.62
Volume
$649,265
Avg Vol
$692,180
Mkt Cap
$2.9B
P/E (TTM)
11.28
Beta
—
52w High
$100.00
52w Low
$51.04
Div Yield
—
Shares Out
$52M

Recent Press Releases & News last 60 days · 7 items

Oct 21 · 07:02 MarketBeat
Maximus to Buy Agile Defense for $660M, Expanding AI and Cybersecurity Reach
Oct 19 · 21:48 MT Newswires
Maximus to Acquire Agile Defense for $660 Million
Oct 19 · 21:00 PR Business Wire
Maximus to Acquire Agile Defense, Advancing Defense and National Security Growth Strategy
▸ Show all 7 press releases & news Free account →

MMS earnings at a glance

The options market is pricing a move of about ±7.7% after the report, a range of roughly $58.53 to $68.23 from today's $63.38. Over its last 2 reports the stock rose the next day 2 times and fell 0, moving ±8.5% on average; after the most recent report on May 7, 2026 it moved +4.2%. That means options currently expect about the same movement than MMS has typically delivered. MMS beat the consensus EPS estimate in 3 of its last 3 reported quarters. Implied volatility is currently 65%. The share price of $63.38 sits in the middle of its 52-week range.

More Consumer Discretionary stocks · All stocks · Earnings calendar

Overview

52-week range
$51
$100
25% of range
Avg surprise (last 3)
+35.6%
Avg reaction (last 2)
+8.5%
100% positive
Latest IV / EM
65%
EM ±7.7% · $60 · Oct 16

Earnings trends

EPS — actual vs estimate Actual Estimate
$0.50$0.92$1.33$1.75$2.16 Actual $0.52Actual $0.50Actual $1.04Actual $1.31Actual $1.46Actual $0.69Actual $2.01Est $1.37Actual $2.16Est $1.39Actual $1.70Actual $2.07Est $1.98Actual $1.95 MarJunDecMarJunDecMar/2025Jun/2025DecMar/2026Jun
Revenue vs Net Income Revenue Net income
$0$368M$736M$1.1B$1.5B Dec 24Mar 25Jun 25Dec 25Mar 26Jun 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Tue Jun 30, 2026Jun 2026 $1.95 — — — — financials
Thu May 7, 2026Mar/2026 $2.07 $1.98 +4.5% +3.0% +4.2% earnings
Wed Dec 31, 2025Dec 2025 $1.70 — — — — financials
Thu Aug 7, 2025Jun/2025 $2.16 $1.39 +55.4% — — earnings
Thu May 8, 2025Mar/2025 $2.01 $1.37 +46.7% — +12.8% earnings
Tue Dec 31, 2024Dec 2024 $0.69 — — — — financials
Sun Jun 30, 2024Jun 2024 $1.46 — — — — financials
Sun Mar 31, 2024Mar 2024 $1.31 — — — — financials
Sun Dec 31, 2023Dec 2023 $1.04 — — — — financials
Fri Jun 30, 2023Jun 2023 $0.50 — — — — financials
Fri Mar 31, 2023Mar 2023 $0.52 — — — — financials

Financials

Income statement (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue$1.28B$1.31B$1.35B—$1.35B$1.36B$1.40B—
Cost of revenue$930M$964M$1.03B—$989M$1.02B$1.10B—
Gross profit$349M$342M$319M—$360M$339M$302M—
Operating income$161M$148M$146M—$166M$153M$87M—
Net income$104M$98M$94M—$106M$97M$41M—
EPS (diluted)$1.95$1.80$1.70—$1.86$1.69$0.69—

Balance sheet (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Cash & equivalents$57M$157M$138M$222M$60M$108M$73M$183M
Inventory————————
Total current assets$1.64B$1.51B$1.42B$1.25B$1.61B$1.33B$1.17B$1.20B
Total assets$4.37B$4.24B$4.21B$4.07B$4.46B$4.20B$4.06B$4.13B
Long-term debt$1.57B$1.47B$1.51B$1.28B$1.61B$1.45B$1.35B$1.09B
Total liabilities$2.63B$2.54B$2.49B$2.40B$2.69B$2.53B$2.41B$2.29B
Total equity$1.74B$1.70B$1.72B$1.67B$1.77B$1.67B$1.65B$1.84B

Implied volatility — last 90 days

26%74%123%171%219% Jun 07 — IV 51% · EM ±7.0%Jun 08 — IV 56% · EM ±7.4%Jun 09 — IV 54% · EM ±6.7%Jun 10 — IV 86% · EM ±10.2%Jun 11 — IV 77% · EM ±8.5%Jun 12 — IV 95% · EM ±9.7%Jun 15 — IV 124% · EM ±9.0%Jun 16 — IV 86% · EM ±5.1%Jun 17 — IV 122% · EM ±5.1%Jun 19 — IV 39% · EM ±8.6%Jun 22 — IV 33% · EM ±6.8%Jun 23 — IV 43% · EM ±8.8%Jun 24 — IV 48% · EM ±9.6%Jun 25 — IV 44% · EM ±8.5%Jun 26 — IV 41% · EM ±7.8%Jun 29 — IV 46% · EM ±8.2%Jun 30 — IV 53% · EM ±9.2%Jul 01 — IV 54% · EM ±9.1%Jul 02 — IV 49% · EM ±7.9%Jul 03 — IV 51% · EM ±7.9%Jul 06 — IV 49% · EM ±6.8%Jul 07 — IV 58% · EM ±7.7%Jul 08 — IV 55% · EM ±6.9%Jul 09 — IV 60% · EM ±7.1%Jul 10 — IV 58% · EM ±6.4%Jul 13 — IV 100% · EM ±8.3%Jul 14 — IV 123% · EM ±8.9%Jul 15 — IV 137% · EM ±8.1%Jul 16 — IV 158% · EM ±6.6%Jul 20 — IV 48% · EM ±11.3%Jul 21 — IV 50% · EM ±11.6%Jul 22 — IV 58% · EM ±13.3%Jul 23 — IV 49% · EM ±11.0%Jul 24 — IV 49% · EM ±10.9%Jul 27 — IV 49% · EM ±10.2%Jul 28 — IV 56% · EM ±11.4%Jul 29 — IV 57% · EM ±11.4%Jul 30 — IV 47% · EM ±9.1%Jul 31 — IV 53% · EM ±10.2%Aug 03 — IV 59% · EM ±10.4%Aug 04 — IV 58% · EM ±10.0%Aug 05 — IV 53% · EM ±8.8%Aug 06 — IV 72% · EM ±11.7%Aug 07 — IV 42% · EM ±6.6%Aug 11 — IV 49% · EM ±6.5%Aug 12 — IV 48% · EM ±6.1%Aug 13 — IV 37% · EM ±4.3%Aug 14 — IV 50% · EM ±5.5%Aug 17 — IV 47% · EM ±4.0%Aug 18 — IV 96% · EM ±6.9%Aug 19 — IV 129% · EM ±7.6%Aug 20 — IV 220% · EM ±9.2%Aug 24 — IV 35% · EM ±7.4%Aug 25 — IV 37% · EM ±7.5%Aug 26 — IV 36% · EM ±7.2%Aug 27 — IV 41% · EM ±8.0%Aug 28 — IV 40% · EM ±7.6%Aug 31 — IV 40% · EM ±7.1%Sep 01 — IV 42% · EM ±7.2%Sep 02 — IV 40% · EM ±6.7%Sep 03 — IV 63% · EM ±10.2%Sep 04 — IV 40% · EM ±6.2%Sep 07 — IV 45% · EM ±6.2%Sep 08 — IV 49% · EM ±6.5%Sep 09 — IV 63% · EM ±7.9%Sep 10 — IV 67% · EM ±8.0%Sep 11 — IV 74% · EM ±8.2%Sep 15 — IV 101% · EM ±7.3%Sep 16 — IV 140% · EM ±8.3%Sep 17 — IV 206% · EM ±8.6%Sep 21 — IV 51% · EM ±10.7%Sep 22 — IV 27% · EM ±5.4%Sep 23 — IV 39% · EM ±7.9%Sep 24 — IV 46% · EM ±9.1%Sep 25 — IV 66% · EM ±12.5%Sep 28 — IV 63% · EM ±11.1%Sep 29 — IV 68% · EM ±11.8%Sep 30 — IV 62% · EM ±10.4%Oct 01 — IV 44% · EM ±7.2%Oct 02 — IV 72% · EM ±11.2%Oct 06 — IV 60% · EM ±8.0%Oct 07 — IV 52% · EM ±6.5%Oct 08 — IV 65% · EM ±7.7%

Sector peers

TNET
TriNet Group, Inc.
$3.0B $74.62+5.3%
CBZ
CBIZ, Inc.
$3.0B $54.890.0%
FOUR
Shift4 Payments, Inc.
$3.1B $40.17-0.7%
PAYO
Payoneer Global Inc.
$2.4B $7.17+0.6%
FLYW
Flywire Corporation
$2.2B $19.15+2.7%
BFH
Bread Financial Holdings, Inc.
$3.8B $102.45-2.1%

MMS earnings FAQ

What is MMS's expected move for earnings?

Options currently price a move of about ±7.7%, or $4.85 per share either way from $63.38.

How does MMS stock usually react to earnings?

Across the last 2 reports the average next-day move was ±8.5%, up 2 times and down 0 times.

What is MMS's implied volatility?

MMS's at-the-money implied volatility is about 65% based on the latest options snapshot.

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