Maximus, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

6 Months Ended

Mar. 31, 2026

Schedule of Fair Value of Assets and Liabilities

The table below presents assets and liabilities measured and recorded at fair value in our consolidated balance sheets on a recurring basis and their corresponding level within the fair value hierarchy. No transfers between Level 1, Level 2, and Level 3 fair value measurements occurred for the six months ended March 31, 2026.


Table 8.1: Fair Value Measurements
	As of March 31, 2026
	Level 1		Level 2		Level 3		Balance
	(in thousands)
Assets:
Deferred compensation assets - Rabbi Trust	$	40,733	$	—	$	—	$	40,733
Interest rate swap - $675 million notional value	—		3,209		—		3,209
Total assets	$	40,733	$	3,209	$	—	$	43,942
Liabilities:
Interest rate swap - $275 million notional value	$	—	$	248	$	—	$	248
Indemnification liabilities	—		—		9,472		9,472
Total liabilities	$	—	$	248	$	9,472	$	9,720

Schedule of Accumulated Other Comprehensive Loss

The following table shows changes in accumulated other comprehensive loss. Amounts reclassified from other comprehensive income were recorded within our selling, general, and administrative expenses (for foreign currency translation adjustments) and within interest expense (for gains on derivatives).


Table 8.2: Details of Changes in Accumulated Other Comprehensive Loss by Category
	Foreign currency translation adjustments		Net unrealized gain on derivatives, net of tax		Total
	(in thousands)
Balance as of September 30, 2025	$	(20,706)	$	2,839	$	(17,867)
Other comprehensive income before reclassifications	(2,531)		2,313		(218)
Amounts reclassified from accumulated other comprehensive loss	—		(2,970)		(2,970)
Net current period other comprehensive income/(loss)	(2,531)		(657)		(3,188)
Balance as of March 31, 2026	$	(23,237)	$	2,182	$	(21,055)

Schedule of Fair Value Measurement using Significant Unobservable Inputs (Level 3)

Movement in our indemnification liability balance is as follows:


Table 8.3: Fair Value Measurement Using Significant Unobservable Inputs (Level 3)
	Indemnification Liability
	(in thousands)
Opening indemnification liability as of September 30, 2025	$	11,342

Cash payments	(1,599)
Foreign currency translation adjustments	(271)
Closing indemnification liability as of March 31, 2026	$	9,472