Jun 2026 (Q2 FY26) — Jul 30, 2026
Bright Horizons Family Solutions Q2 FY26 — Strong Back-up Care Growth and Margin Expansion
Read the full callBright Horizons Family Solutions (BFAM) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Bright Horizons Family Solutions earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 779 | +6.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 10.2 | −1.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 40.6 | −25.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
31 of 39 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EPS | $1.17 to $1.22 | Mar 2026 | adjusted EPS increased 20% to $1.28, both ahead of our expectations. | Achieved |
| Ed advisory revenue growth | low single digits | Mar 2026 | In educational advisory revenue of $28 million was consistent with the prior year as continued growth in College Coach was offset by lower participant engagement in EdAssist. | Missed |
| Adjusted EPS | $4.90 to $5.10 per share | Dec 2025 | raising adjusted EPS outlook to $5.05 to $5.15 per share. | Revised Up |
8 of BRIGHT HORIZONS FAMILY SOLUTIONS INC.'s 64 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 61 more targets are in the full ledger.
Claimed
- Revenue expanded by 7% to $779 million, driven by growth in both back-up care and full service.
- Adjusted EPS increased 20% to $1.28, exceeding expectations.
- Back-up care revenue grew 19% to $194 million, accelerating from 12% growth in Q1.
- Adjusted operating margins expanded 95 basis points over the prior year quarter to 12.7%.
- The bottom cohort of centers (below 40% occupied) declined to 5% from 10% in the prior year.
Qualified
- Full service revenue growth was partially offset by an approximately 250 basis point headwind from center closures.
- Continued enrollment headwinds in Australia contributed roughly a 100 basis point headwind to full service enrollment growth.
- Net interest expense increased $3 million over the prior year due to higher average borrowings and modestly higher effective borrowing rates.
- The structural effective tax rate on adjusted net income was 28.75%, higher than 2025 due to non-deductible losses in Australia.
Price
$70.42 +2.94% · +$2.01
Performance −28.4% 1Y
1Y: $98.39 on 14 Oct 2025 → $70.42. High $109.23 (31 Oct 2025), low $59.18 (8 Jun 2026).
- Previous close
- $68.41
- 52-week range
- $59.18 – $109.23
- One year
- −29.63%
Overview
- Symbol
- BFAM
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
31 of 39 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EPS | $1.17 to $1.22 | Mar 2026 | adjusted EPS increased 20% to $1.28, both ahead of our expectations. | Achieved |
| Ed advisory revenue growth | low single digits | Mar 2026 | In educational advisory revenue of $28 million was consistent with the prior year as continued growth in College Coach was offset by lower participant engagement in EdAssist. | Missed |
| Adjusted EPS | $4.90 to $5.10 per share | Dec 2025 | raising adjusted EPS outlook to $5.05 to $5.15 per share. | Revised Up |
Claimed
- Revenue expanded by 7% to $779 million, driven by growth in both back-up care and full service.
- Adjusted EPS increased 20% to $1.28, exceeding expectations.
- Back-up care revenue grew 19% to $194 million, accelerating from 12% growth in Q1.
- Adjusted operating margins expanded 95 basis points over the prior year quarter to 12.7%.
- The bottom cohort of centers (below 40% occupied) declined to 5% from 10% in the prior year.
Qualified
- Full service revenue growth was partially offset by an approximately 250 basis point headwind from center closures.
- Continued enrollment headwinds in Australia contributed roughly a 100 basis point headwind to full service enrollment growth.
- Net interest expense increased $3 million over the prior year due to higher average borrowings and modestly higher effective borrowing rates.
- The structural effective tax rate on adjusted net income was 28.75%, higher than 2025 due to non-deductible losses in Australia.
The full ledger
Open BRIGHT HORIZONS FAMILY SOLUTIONS INC.’s full ledger
A free account opens 5 company ledgers a month. All 64 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 5, 2026
Bright Horizons Q1 FY26 — Back-Up Care Strength Offsets Australia Headwinds
Read the full callEvery analysed call
Bright Horizons Family Solutions earnings calls (BFAM)
Financials
What the filings say
Net profit, year on year: −26% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 719 | 674 | 666 | 732 | 803 | 734 | 712 | 779 |
| Operating profit | 89 | 48 | 62 | 86 | 121 | 45 | 65 | 80 |
| Operating margin | 12.4% | 7.2% | 9.4% | 11.8% | 15.1% | 6.2% | 9.1% | 10.2% |
| Interest | 12 | 11 | 10 | 11 | 12 | 12 | 12 | 14 |
| Profit before tax | 78 | 37 | 52 | 75 | 109 | 34 | 53 | 66 |
| Tax rate | 29.4% | 20.8% | 26.7% | 27.4% | 27.7% | 35.8% | 35.6% | 38.2% |
| Net profit | 55 | 29 | 38 | 55 | 79 | 22 | 34 | 41 |
| EPS ($ per share) | 0.95 | — | 0.66 | 0.96 | 1.38 | — | 0.63 | 0.79 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 193 | 374 | 401 | 471 | 552 | 626 | 766 | 959 |
| Total liabilities | 1,745 | 2,359 | 2,443 | 2,461 | 2,718 | 2,683 | 2,572 | 2,550 |
| Fixed assets | 597 | 636 | 629 | 598 | 571 | 579 | 573 | 574 |
| Total assets | 2,524 | 3,330 | 3,727 | 3,640 | 3,799 | 3,896 | 3,850 | 3,890 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 295 | 330 | 210 | 227 | 188 | 256 | 337 | 351 |
| Cash from investing | -159 | -189 | -84 | -117 | -278 | -127 | -118 | -104 |
| Cash from financing | -134 | -149 | 229 | -230 | -121 | -92 | -184 | -233 |
| Net cash flow | 2 | -7 | 357 | -123 | -213 | 38 | 34 | 19 |
| Capital expenditure | -92 | -112 | -85 | -63 | -71 | -91 | -97 | -92 |
| Free cash flow | 202 | 219 | 125 | 164 | 118 | 165 | 240 | 259 |
BFAM revenue by segment
Full Service Center Based Care grew from 68% to 72% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Full Service Center Based Care | 68% | 72% | 77% | 74% | 64% | 70% | 76% | 72% | +3.2% |
| Backup Dependent Care | 28% | 23% | 19% | 22% | 32% | 25% | 20% | 25% | +19.0% |
| Educational Advisory Services | 4% | — | 4% | 4% | 4% | — | 4% | 4% | -1.2% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
BFAM operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | 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.
Revenue by region
Q2 FY2026 · share of revenue
- North America 70% ↓ 2 pt
- Outside North America 30%
As BFAM cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
39 filings between Feb 24, 2026 and Sep 2, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$656.6K
4 sales by 2 insiders
75% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 22
- Award — granted as compensation
- 13
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| TOCIO MARY ANN | — | $435.9K | Sep 2, 2026 |
| Burke Mary Lou | — | $220.7K | Sep 1, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 2, 2026 | TOCIO MARY ANN Director | Sale | 6,000 | $435.9K |
| Sep 1, 2026 | Burke Mary Lou COO North America Center Ops | Sale 10b5-1 plan | 1,200 | $90.0K |
| Aug 3, 2026 | Burke Mary Lou COO North America Center Ops | Sale 10b5-1 plan | 1,200 | $90.7K |
| Jul 28, 2026 | Burke Mary Lou COO North America Center Ops | Sale 10b5-1 plan | 500 | $40.0K |
| Jun 3, 2026 | Atkinson Julie Director | Award | 2,096 | — |
| Jun 3, 2026 | HITCH JORDAN Director | Award | 2,096 | — |
| Jun 3, 2026 | Alleva Lawrence M Director | Award | 2,096 | — |
| Jun 3, 2026 | Richie Laurel Director | Award | 2,096 | — |
| Jun 3, 2026 | Schulz Jennifer Director | Award | 2,096 | — |
| Jun 3, 2026 | TOCIO MARY ANN Director | Award | 2,096 | — |
| Jun 3, 2026 | LISSY DAVID H Director | Award | 2,096 | — |
| Jun 3, 2026 | BEKENSTEIN JOSHUA Director | Award | 2,096 | — |
| Mar 4, 2026 | Casagrande John Guy General Counsel and Secretary | Award | 4,950 | $0 |
| Mar 4, 2026 | Janoff Jason Chief Accounting Officer | Award | 3,300 | $0 |
| Mar 4, 2026 | BOLAND ELIZABETH J Chief Financial Officer | Award | 9,900 | $0 |
| Mar 4, 2026 | Marshall Rosamund Managing Director - Intl. | Award | 4,950 | $0 |
| Mar 4, 2026 | Kramer Stephen Howard CEO & President | Award | 32,999 | $0 |
| Mar 4, 2026 | Burke Mary Lou COO North America Center Ops | Award | 7,260 | $0 |
| Mar 4, 2026 | Berman Mandy COO Back-Up and Ed Advisory | Award | 7,260 | $0 |
| Mar 4, 2026 | Berman Mandy COO Back-Up and Ed Advisory | Award | 6,600 | $0 |
| Feb 24, 2026 | Marshall Rosamund Managing Director - Intl. | Award | 2,623 | $0 |
| Feb 24, 2026 | Berman Mandy COO Back-Up and Ed Advisory | Tax withheld | 2,430 | $174.1K |
| Feb 24, 2026 | Casagrande John Guy General Counsel and Secretary | Tax withheld | 1,370 | $98.1K |
| Feb 24, 2026 | Casagrande John Guy General Counsel and Secretary | Award | 2,098 | $0 |
| Feb 24, 2026 | Casagrande John Guy General Counsel and Secretary | Tax withheld | 700 | $50.1K |
| Feb 24, 2026 | BOLAND ELIZABETH J Chief Financial Officer | Award | 3,847 | $0 |
| Feb 24, 2026 | BOLAND ELIZABETH J Chief Financial Officer | Tax withheld | 1,283 | $91.9K |
| Feb 24, 2026 | BOLAND ELIZABETH J Chief Financial Officer | Tax withheld | 2,422 | $173.5K |
| Feb 24, 2026 | Kramer Stephen Howard CEO & President | Award | 12,240 | $0 |
| Feb 24, 2026 | Kramer Stephen Howard CEO & President | Tax withheld | 4,083 | $292.5K |
| Feb 24, 2026 | Kramer Stephen Howard CEO & President | Tax withheld | 8,793 | $629.9K |
| Feb 24, 2026 | Burke Mary Lou COO North America Center Ops | Award | 3,847 | $0 |
| Feb 24, 2026 | Burke Mary Lou COO North America Center Ops | Tax withheld | 1,283 | $91.9K |
| Feb 24, 2026 | Burke Mary Lou COO North America Center Ops | Tax withheld | 2,428 | $173.9K |
| Feb 24, 2026 | Berman Mandy COO Back-Up and Ed Advisory | Award | 3,847 | $0 |
| Feb 24, 2026 | Berman Mandy COO Back-Up and Ed Advisory | Tax withheld | 1,283 | $91.9K |
| Feb 24, 2026 | Janoff Jason Chief Accounting Officer | Tax withheld | 1,172 | $84.0K |
| Feb 24, 2026 | Marshall Rosamund Managing Director - Intl. | Tax withheld | 1,181 | $84.6K |
| Feb 24, 2026 | Marshall Rosamund Managing Director - Intl. | Tax withheld | 2,164 | $155.0K |
| Oct 1, 2025 | Burke Mary Lou COO North America Center Ops | Sale 10b5-1 plan | 1,000 | $108.5K |
| Sep 2, 2025 | Burke Mary Lou COO North America Center Ops | Sale 10b5-1 plan | 1,000 | $116.5K |
| Aug 5, 2025 | Marshall Rosamund Managing Director - Intl. | Tax withheld | 2,250 | $264.6K |
| Aug 5, 2025 | TOCIO MARY ANN Director | Sale | 3,000 | $360.3K |
| Aug 1, 2025 | Burke Mary Lou COO North America Center Ops | Sale 10b5-1 plan | 1,000 | $129.0K |
| Jul 1, 2025 | Burke Mary Lou COO North America Center Ops | Sale 10b5-1 plan | 1,000 | $122.6K |
| Jun 3, 2025 | BEKENSTEIN JOSHUA Director | Award | 976 | — |
| Jun 3, 2025 | HITCH JORDAN Director | Award | 976 | — |
| Jun 3, 2025 | Atkinson Julie Director | Award | 976 | — |
| Jun 3, 2025 | Richie Laurel Director | Award | 976 | — |
| Jun 3, 2025 | Alleva Lawrence M Director | Award | 976 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for BRIGHT HORIZONS FAMILY SOLUTIONS INC.
Free account. Everything above stays public.
Write why you follow BRIGHT HORIZONS FAMILY SOLUTIONS INC. and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading