Bright Horizons Reports Q2 Earnings with Strong Back-up Care Growth
In its second-quarter earnings call for fiscal year 2026, Bright Horizons (BFAM) reported revenue of $779 million, a 7% increase driven by growth in both the Back-up Care and Full Service segments. Adjusted EPS rose to $1.28, up 20%, due to improved operating efficiency and margin expansion. Back-up Care saw particularly strong performance with revenue reaching $194 million (up 19%) and adjusted operating income of $50 million (up 23%). The Full Service segment reported $557 million in revenue, a modest increase of 3%, supported by tuition rate hikes. However, enrollment growth was impacted by ongoing challenges in Australia. The company raised its full-year guidance for both revenue and adjusted EPS due to strong first-half performance while maintaining strategic focus on client base expansion.
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