Filing Flows › Bright Horizons Family Solutions (BFAM) › Q2 2026 › vs Q2 2025
Bright Horizons Family Solutions (BFAM) Q2 2026 vs Q2 2025 (year over year)
Bright Horizons Family Solutions's revenue rose $47.6M (+7%) from $732M in Q2 2025 to $779M in Q2 2026. The biggest changes: Back-up care +$30.9M (+19%); Full service center-based child care +$17.0M (+3%); Educational advisory services −$338K (-1%). Gross margin 24.3% against 25.0% (-0.7 pts).
Bright Horizons Family Solutions, Q2 2026: revenue $779M (+6% year over year), operating margin 10.2%, net earnings $40.6M, operating cash flow $95.1M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 24.3% | 25.0% | -0.7 pts |
| Operating margin | 10.2% | 11.8% | -1.5 pts |
| Net margin | 5.2% | 7.5% | -2.3 pts |
| Free cash flow margin | 9.8% | 15.8% | -6.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Full service center-based child care | $557M | $540M | $17.0M | +3% |
| Back-up care | $194M | $163M | $30.9M | +19% |
| Educational advisory services | $28.3M | $28.6M | −$338K | -1% |
| Revenue | $779M | $732M | $47.6M | +7% |
| Gross profit | $189M | $183M | $6.4M | +4% |
| Cost of revenue | $590M | $549M | $41.2M | +8% |
| Operating profit | $79.8M | $86.1M | −$6.2M | -7% |
| Operating expenses | $109M | $96.5M | $12.6M | +13% |
| Pre-tax earnings | $65.8M | $75.5M | −$9.7M | -13% |
| Other expense, net | $14.0M | $10.6M | $3.5M | +33% |
| SG&A | $108M | $94.8M | $13.2M | +14% |
| Other operating costs | $1.1M | $1.7M | −$520K | -31% |
| Net earnings | $40.6M | $54.8M | −$14.1M | -26% |
| Income tax | $25.2M | $20.7M | $4.4M | +21% |
| Depreciation & amortization | $24.6M | $22.7M | $1.9M | +8% |
| Share-based compensation | $7.0M | $6.8M | $203K | +3% |
| Working capital & other | $22.8M | $49.9M | −$27.1M | -54% |
| Operating cash flow | $95.1M | $134M | −$39.1M | -29% |
| Free cash flow (OCF − capex) | $76.1M | $115M | −$39.3M | -34% |
| Capital expenditures | $19.0M | $18.8M | $148K | +0.8% |
Questions
How much did Bright Horizons Family Solutions's revenue grow year over year in Q2 2026?
Bright Horizons Family Solutions's revenue rose $47.6M (+7%) from $732M in Q2 2025 to $779M in Q2 2026.
What drove Bright Horizons Family Solutions's revenue change in Q2 2026?
Back-up care +$30.9M (+19%); Full service center-based child care +$17.0M (+3%); Educational advisory services −$338K (-1%).