10-K · February 26, 2026
Bright Horizons positions itself as a scaled, employer-focused provider of early education, back-up care and educational advisory services, operating 1,010 centers and serving more than 1,450 employer clients. Based on…
Earnings analysis · 10-Q
BFAM earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Bright Horizons Family Solutions reported Q1 2026 results with revenue of $712 million, a 7% increase from $665.5 million in Q1 2025, while EPS improved to $0.82 from $0.77. The back-up care segment showed strong growth…
Read full summary
Bright Horizons Family Solutions reported Q1 2026 results with revenue of $712 million, a 7% increase from $665.5 million in Q1 2025, while EPS improved to $0.82 from $0.77. The back-up care segment showed strong growth of 12%, countering lower contributions and challenges in the educational advisory services segment. Management remains cautious of operational headwinds related to labor costs and market conditions but maintains confidence in their business model.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.82
- Segment
- Full service center-based child care
- Segment
- Back-up care
- Segment
- Educational advisory services
What stood out
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Revenue Growth of 7% YoY
Revenue increased by $46.7 million to $712.2 million from $665.5 million, reflecting a 7% increase year-over-year.
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Improved EPS Performance
Diluted EPS increased to $0.82 from $0.77 a year prior, reflecting a 6.5% growth.
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Strong Back-Up Care Growth
The back-up care segment revenue rose by 12% year-over-year, contributing significantly to overall growth.
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Income from Operations Up 4%
Income from operations increased by $2.7 million to $64.9 million, illustrating operational stability.
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Cash Provided by Operating Activities Increased
Net cash provided by operating activities rose to $107.7 million from $86.2 million, indicating stronger cash flow.
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Effective Tax Rate Increase
The effective tax rate increased to 36% from 27% due to unbenefited losses in foreign jurisdictions.
What to watch
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Increased Interest Expense
Net interest expense increased to $12.0 million from $10.4 million, attributed to higher borrowings and interest rates.
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Rising Operating Costs
Operational costs increased by 8% to $548.7 million, highlighting pressures from personnel costs and inflation.
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Macroeconomic Conditions
Management cited challenges from evolving work demographics and cost management amid uncertain macroeconomic conditions.
Management's outlook
Management reaffirmed 2026 revenue guidance of $3.075 billion to $3.125 billion and EPS guidance of $4.90 to $5.10.
Earlier filings 4
10-Q · November 5, 2025
Bright Horizons reported Q3 revenue of $802,812,000, up from $719,099,000 in Q3 2024, with gross profit rising to $217,049,000 and operating income to $120,846,000. Diluted EPS was $1.37 (vs. $0.94 a year ago).…
10-Q · May 7, 2025
Bright Horizons reported Q1 revenue of $665,527,000 (up $42,818,000 or ~6.9% year-over-year) and diluted EPS of $0.66 versus $0.29 in Q1 2024. Gross profit rose to $155,737,000 (gross margin 23.4%) and operating income…
10-K · February 27, 2025
Bright Horizons positions itself as a market leader in employer-sponsored center-based child care, back-up care and educational advisory services with scale-driven advantages and high client retention. The 10-K…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.