Bright Horizons Reports Q3 2026 Results with Revenue Growth Amidst Australian Impairment Charges
Bright Horizons Family Solutions (BFAM) reported third-quarter revenue of $841.5 million, a 5% year-over-year increase, and adjusted EPS of $1.80, up 15%. While the Back-Up Care segment saw strong growth of 13%, the company faced significant headwinds in its international operations, specifically in Australia, where softening demand led to a $290 million non-cash goodwill impairment charge. The Full Service segment experienced modest revenue growth of 1.3%, but enrollment declined due to center closures and challenges in the Australian market. Management also noted regulatory impacts in the U.K. affecting fall enrollment. Despite these challenges, the company continues an aggressive share repurchase program, having repurchased approximately 7.7 million shares during the first nine months of the year.
Tickers: $BFAM
Topics: adjusted eps goodwill impairment net loss operating margin revenue growth