Filing Flows › Bright Horizons Family Solutions (BFAM) › Q3 2025
Bright Horizons Family Solutions (BFAM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Bright Horizons Family Solutions (BFAM) reported revenue of $803M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +10% from the quarter before. Operating margin was 15.1%, net earnings $78.6M (9.8% of revenue).
Bright Horizons Family Solutions, Q3 2025: revenue $803M (+12% year over year), operating margin 15.1%, net earnings $78.6M, operating cash flow −$17.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $803M | +10% | +12% |
| Gross profit | $217M | +19% | +20% |
| Operating profit | $121M | +40% | +35% |
| Net earnings | $78.6M | +43% | +43% |
| Operating cash flow | −$17.6M | -113% | — |
What changed
Revenue was $802.8M in Q3 2025, up 12% year over year and up 10% from the previous quarter.
Gross margin was 27.0%, up 1.8 points from a year earlier. Operating profit was $120.8M, a 15.1% margin (up 2.6 points year over year). Of the extra revenue versus a year earlier, 38% reached operating profit, above the 12% margin then. Operating expenses grew 4% against revenue growth of 12%. Net earnings were $78.6M, up 43% year over year. The effective tax rate was 27.7%.
Operating cash flow was −$17.6M. Non-cash charges added back $24.0M of depreciation and amortization and $7.5M of share-based compensation. Working capital and other items used $127.7M. Capital expenditures of $24.9M exceeded it, leaving free cash flow of −$42.4M.
Questions
What was Bright Horizons Family Solutions' revenue in the third quarter 2025?
Bright Horizons Family Solutions (BFAM) reported revenue of $803M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +10% from the quarter before.
Was Bright Horizons Family Solutions profitable in the third quarter 2025?
Operating profit was $121M (15.1% of revenue) and net earnings $78.6M.