Filing Flows › Bright Horizons Family Solutions (BFAM) › Q1 2026
Bright Horizons Family Solutions (BFAM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Bright Horizons Family Solutions (BFAM) reported revenue of $712M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -3% from the quarter before. Operating margin was 9.1%, net earnings $34.1M (4.8% of revenue).
Bright Horizons Family Solutions, Q1 2026: revenue $712M (+7% year over year), operating margin 9.1%, net earnings $34.1M, operating cash flow $108M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $712M | -3% | +7% |
| Gross profit | $163M | +15% | +5% |
| Operating profit | $64.9M | +43% | +4% |
| Net earnings | $34.1M | +57% | -10% |
| Operating cash flow | $108M | -27% | +25% |
| Free cash flow | $87.6M | -24% | +23% |
What changed
Revenue was $712.2M in Q1 2026, up 7% year over year and down 3% from the previous quarter. Full service center-based child care was the largest line at 76% of revenue. Full service center-based child care added $30.1M year over year (up 6%), 64% of the total change.
Gross margin was 23.0%, down 0.4 points from Q1 2025. Operating profit was $64.9M, a 9.1% margin (down 0.2 points year over year). Of the extra revenue versus Q1 2025, 6% reached operating profit, below the 9% margin then. Operating expenses grew 5% against revenue growth of 7%. Net earnings were $34.1M, down 10% year over year. The effective tax rate was 35.6%.
Operating cash flow was $107.7M (up 25% year over year), 316% of net earnings. Non-cash charges added back $23.2M of depreciation and amortization and $7.4M of share-based compensation. Working capital and other items added $43.0M. Capital expenditures of $20.1M left free cash flow of $87.6M.
Questions
What was Bright Horizons Family Solutions' revenue in the first quarter 2026?
Bright Horizons Family Solutions (BFAM) reported revenue of $712M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -3% from the quarter before.
Was Bright Horizons Family Solutions profitable in the first quarter 2026?
Operating profit was $64.9M (9.1% of revenue) and net earnings $34.1M.