Filing Flows › Bright Horizons Family Solutions (BFAM) › Q4 2025
Bright Horizons Family Solutions (BFAM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Bright Horizons Family Solutions (BFAM) reported revenue of $734M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and -9% from the quarter before. Operating margin was 6.2%, net earnings $21.7M (3.0% of revenue).
Bright Horizons Family Solutions, Q4 2025: revenue $734M (+9% year over year), operating margin 6.2%, net earnings $21.7M, operating cash flow $148M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $734M | -9% | +9% |
| Gross profit | $142M | -35% | +0.9% |
| Operating profit | $45.5M | -62% | -6% |
| Net earnings | $21.7M | -72% | -25% |
| Operating cash flow | $148M | — | +23% |
| Free cash flow | $115M | — | +29% |
What changed
Revenue was $733.7M in Q4 2025, up 9% year over year and down 9% from the previous quarter.
Gross margin was 19.3%, down 1.5 points from a year earlier. Operating profit was $45.5M, a 6.2% margin (down 1.0 points year over year). Operating profit fell $2.7M even though revenue rose $59.6M versus a year earlier, so costs grew faster than sales. Operating expenses grew 4% against revenue growth of 9%. Net earnings were $21.7M, down 25% year over year. The effective tax rate was 35.8%.
Operating cash flow was $147.9M (up 23% year over year), 680% of net earnings. Non-cash charges added back $24.7M of depreciation and amortization and $8.1M of share-based compensation. Working capital and other items added $93.3M. Capital expenditures of $33.3M left free cash flow of $114.7M.
Questions
What was Bright Horizons Family Solutions' revenue in the fourth quarter 2025?
Bright Horizons Family Solutions (BFAM) reported revenue of $734M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and -9% from the quarter before.
Was Bright Horizons Family Solutions profitable in the fourth quarter 2025?
Operating profit was $45.5M (6.2% of revenue) and net earnings $21.7M.