The $133.6M modification adds meaningful backlog visibility for MMS's health-services segment. Monitor the next quarterly filing for backlog growth and margin commentary on this contract.
Price Chart
Executive Summary
MAXIMUS FEDERAL SERVICES, INC., a subsidiary of MAXIMUS, INC. (MMS), received a $133.6M contract modification from the Department of Health and Human Services for contact center operations. This award represents approximately 2.6% of MMS's annualized revenue, a notable but not transformative addition to its government services backlog.
Key Financial Metrics
Key Facts
- MAXIMUS FEDERAL SERVICES received a $133,618,172 contract modification from HHS for contact center operations.
- The modification represents approximately 2.6% of MMS's annualized revenue of $5.22B.
- This is a modification (P00029) to an existing contract (75FCMC22C0038), not a new award.
- The award was made on September 10, 2026, by the Department of Health and Human Services.
Financial Impact
$133.6M contract modification, ~2.6% of annualized revenue
Risk Factors
- Government funding risk (continuing resolutions, sequestration) could delay or reduce future obligations under this contract.
- Execution risk on contact center operations — margin pressure if costs exceed fixed-price terms.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-75FCMC22C0038 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $63.38 $63.02 | ▼ −0.57% | ▼ −0.05% | $62.78 (−0.95%) |
Oct 20, 2026 7d ago | 8-K | $61.09 $62.07 | ▲ +1.60% | ▲ +1.08% | $62.78 (+2.77%) |
Oct 8, 2026 19d ago | SC 13G | $58.77 $59.39 | ▲ +1.05% | ▲ +0.46% | $62.78 (+6.82%) |
Sep 10, 2026 6w ago | GOVT-CONTRACT | $56.92 $59.35 | ▲ +4.27% | ▲ +4.72% | $62.78 (+10.30%) |
Sep 4, 2026 7w ago | GOVT-CONTRACT | $56.33 $56.11 | ▼ −0.39% | ▲ +0.07% | $62.78 (+11.45%) |
Aug 24, 2026 9w ago | GOVT-CONTRACT | $58.53 $58.97 | ▲ +0.75% | ▲ +0.73% | $62.78 (+7.26%) |
Jul 29, 2026 12w ago | GOVT-CONTRACT | $60.64 $60.25 | ▼ −0.64% | ▼ −1.36% | $62.78 (+3.53%) |
May 7, 2026 24w ago | 8-K | $66.66 $64.27 | ▼ −3.59% | ▼ −4.42% | $62.78 (−5.82%) |
Apr 1, 2026 29w ago | GOVT-CONTRACT | $61.67 $63.00 | ▲ +2.15% | ▲ +1.68% | $62.78 (+1.80%) |
Dec 5, 2025 46w ago | Court Ruling | $82.03 $80.52 | ▼ −1.85% | ▼ −1.76% | $62.78 (−23.47%) |
US Market Status
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