BFAM Bright Horizons Family Solutions (BFAM) Q2 FY26 earnings call
Bright Horizons delivered a strong second quarter, driven by robust double-digit growth in its high-margin back-up care segment and overall margin expansion. While the full service segment saw modest growth, it continued to face headwinds from center closures and underperformance in Australia, which the company is actively addressing through portfolio optimization and strategic reviews. The employer-sponsored model remains a key differentiator, enabling cross-service expansion and deepening client relationships.
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BFAM operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| New stores opened | 2We opened 2 centers in the first quarter, one in the Netherlands and our third location for Toyota here in the United States.Source: earnings call transcript | 7We opened 7 centers in the quarter, including 5 for employer clients here in the US Three centers were for a leading academic medical center that had self-operated their centers for more than 20 years before making the decision to have Bright Horizons assume the management of these programs with their ongoing financial support.Source: earnings call transcript | +250% |
| Stores | 988During the quarter, we had net closures of 22, resulting in a center count at quarter end of 988 centers.Source: earnings call transcript | 988We ended the quarter with 988 centers, opening 7, as Stephen mentioned, while also closing 7 lease model centers.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.