Bright Horizons Family Solutions Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 7% revenue growth, strong Back-Up Care performance, and margin expansion in Full Service, offset by significant headwinds in Australia. Full-year guidance was reaffirmed, with Back-Up Care growth expectations raised and continued focus on operational efficiency and capital returns.
Fiscal Year 2025
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Q4 and full-year 2025 results exceeded expectations, with strong growth in Back-Up Care and steady performance in Full Service and Ed Advisory. 2026 guidance calls for 5%-6.5% revenue growth and adjusted EPS of $4.90-$5.10, with continued portfolio rationalization and margin improvement.
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Q3 revenue rose 12% to $803M and Adjusted EPS jumped 41% to $1.57, driven by strong Back-Up Care and solid full-service and education advisory growth. Upgraded 2025 guidance projects 9% revenue growth and higher EPS, with continued margin expansion and strategic center closures.
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Q2 2025 saw 9% revenue growth and 22% adjusted EPS growth, with strong performance across all segments and raised full-year guidance. Backup care and U.K. operations were standout contributors, and margin expansion was driven by enrollment gains and operational leverage.
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Revenue grew 7% to $666M with adjusted EPS up 51%, driven by strong segment performance and margin expansion. Guidance was raised for revenue growth to 6.5%-8.5%, while enrollment growth assumptions were trimmed due to macro uncertainty.
Fiscal Year 2024
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Fourth quarter and full-year results exceeded expectations, driven by strong Back-Up Care growth and improved Full Service performance. 2025 guidance calls for 6%-8% revenue growth and 15%-20% adjusted EPS growth, with continued margin expansion and a path to break-even in the U.K.
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Q3 revenue and adjusted EPS exceeded expectations, led by strong backup care growth and improved U.K. performance. Full-year guidance was raised, with continued low single-digit enrollment growth and disciplined pricing expected into 2025.
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Q2 2024 saw 11% revenue growth and 38% higher adjusted EPS, driven by strong full-service and backup care performance. Full-year guidance was raised, with improved U.K. results and ongoing center rationalization supporting margin gains.