Maximus Quarterly Cash Flow Statement
NYSE: MMSConsumer DiscretionaryBusiness ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Maximus free cash flow
In the quarter ended Jun 30, 2026, Maximus generated -$125.0 million of operating cash flow and spent $12.0 million on capital expenditures. That left free cash flow of -$137.0 million, a free-cash-flow margin of -10.7% of revenue. Maximus returned $67.2 million to shareholders: $17.3 million in dividends and $49.9 million in share repurchases.
Summary generated from market data by MetaCap's automated system. Methodology
Maximus cash flow statement (quarterly)
| Quarter (USD) | Q3 20262026-06-30 | Q2 20262026-03-31 | Q1 20262025-12-31 | Q4 20252025-09-30 | Q3 20252025-06-30 | Q2 20252025-03-31 | Q1 20252024-12-31 | Q4 20242024-09-30 | Q3 20242024-06-30 | Q2 20242024-03-31 | Q1 20242023-12-31 | Q4 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 103.59M | 98.06M | 93.94M | 75.29M | 105.98M | 96.57M | 41.20M | 72.50M | 89.75M | 80.51M | 64.15M | 59.15M |
| Net Income growth (YoY) | -2.25% | +1.55% | +128.04% | +3.84% | +18.08% | +19.95% | -35.78% | +22.58% | +190.81% | +153.27% | +60.39% | -14.36% |
| Depreciation & Amortization | 11.87M | 12.33M | 12.89M | 14.17M | 9.61M | 9.44M | 8.46M | — | — | — | — | — |
| Stock-Based Compensation | 7.36M | 9.90M | 7.02M | 10.86M | 10.75M | 12.62M | 6.95M | 7.74M | 9.48M | 8.70M | 9.43M | 7.28M |
| Change in Working Capital | -281.71M | 45.57M | -298.12M | 491.30M | -342.15M | -109.95M | -122.34M | -2.40M | 77.26M | -28.06M | -39.99M | -30.88M |
| Operating Cash Flow | -124.99M | 189.53M | -244.40M | 649.37M | -182.72M | 42.71M | -80.00M | 163.83M | 199.33M | 130.49M | 21.61M | 144.59M |
| Capital Expenditures | -11.98M | -10.51M | -6.26M | -7.53M | -15.49M | -17.21M | -22.99M | -31.95M | -34.69M | -25.30M | -22.25M | -31.83M |
| Investing Cash Flow | -10.53M | -10.51M | 6.63M | -3.15M | -15.49M | -19.37M | -22.26M | -31.94M | -34.69M | -42.04M | -20.43M | -31.22M |
| Dividends Paid | -17.28M | -17.82M | -16.34M | -16.84M | -16.90M | -16.90M | -18.06M | -18.05M | -18.24M | -18.31M | -18.30M | -17.02M |
| Share Repurchases | -49.92M | -114.44M | -40.56M | -141.04M | 0 | -77.85M | -228.59M | -25.79M | -47.27M | 0 | 0 | 0 |
| Debt Issued | 703.67M | 300.00M | 365.00M | 163.79M | 376.21M | 524.00M | 435.00M | 250.00M | 426.76M | 195.00M | 228.41M | 161.90M |
| Debt Repaid | -600.93M | -332.50M | -132.50M | -487.46M | -212.53M | -418.38M | -179.26M | -259.38M | -488.04M | -298.13M | -166.66M | -222.46M |
| Financing Cash Flow | 43.88M | -113.28M | 156.90M | -490.67M | 146.12M | 8.93M | -8.26M | -45.83M | -135.33M | -122.87M | 28.38M | -81.95M |
| Net Change in Cash | -91.45M | 65.17M | -80.93M | 155.08M | -50.56M | 33.07M | -112.89M | 87.96M | 29.46M | -35.16M | 31.40M | 30.40M |
| Free Cash Flow | -136.97M | 179.02M | -250.66M | 641.85M | -198.21M | 25.51M | -102.99M | 131.88M | 164.64M | 105.19M | -639.00K | 112.76M |
This table shows 12 quarterly periods of Maximus's cash flow statement, from Q3 2026 back to Q4 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow MMS's reporting calendar. What is a cash flow statement?