BRIGHT HORIZONS FAMILY SOLUTIONS (BFAM) Company Report

Bright Horizons reported strong Q3 2025 results with revenue increasing 12% to $803 million and Adjusted EPS growing 41% to $1.57, both exceeding expectations.
Back-Up Care revenue surged 26% to $253 million in Q3 2025, driven by strong demand, and is expected to grow approximately 18% for the full year, positioning it as a key growth engine.
The company upgraded its full-year 2025 guidance, now expecting revenue of approximately $2.925 billion and Adjusted EPS in the range of $4.48-$4.53.
Full-service revenue grew 6% to $516 million in Q3 2025, with enrollment growth moderating to low single digits (around 1-1%+) and average occupancy in the mid-60s due to seasonality.
For 2026, the company plans an average tuition pricing increase of around 4% for full-service centers and anticipates being a net closer of 5-10 centers in 2025, with similar closure levels (around 25-30 centers) planned for 2026.

Oct 30, 2025, 9:00 PM

Transcript

Bright Horizons Family Solutions (BFAM) Announces Strong Q3 2025 Results and Raises Full-Year Guidance

BFAM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Bright Horizons Family Solutions (BFAM) reported strong Q3 2025 financial results, with revenue increasing 12% to $803 million and adjusted EPS growing 41% to $1.57, both surpassing expectations.
The company raised its full-year 2025 guidance, now forecasting revenue of approximately $2.925 billion (9% growth) and adjusted EPS in the range of $4.48 to $4.53.
Backup Care was a key growth driver, with revenue increasing 26% to $253 million in Q3 2025 and projected to grow roughly 18% for the full year.
Full-service revenue grew 6% to $516 million in Q3 2025, with enrollment increasing at a low single-digit rate (around 1% to 1% plus). The company plans an average tuition price increase of approximately 4% for 2026 and anticipates being a net closer of 5 to 10 centers in 2025, with further closures expected in 2026.

Oct 30, 2025, 9:00 PM

Transcript

Bright Horizons Family Solutions Reports Strong Q3 2025 Results and Raises Full-Year Guidance

BFAM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Bright Horizons Family Solutions reported strong Q3 2025 results, with revenue increasing 12% to $803 million and adjusted EPS growing 41% to $1.57, both exceeding expectations.
The company updated its full-year 2025 guidance, now expecting revenue to be approximately $2.925 billion and adjusted EPS in the range of $4.48 to $4.53.
Backup Care revenue was a standout, growing 26% to $253 million in Q3 2025, driven by strong demand, while full-service revenue increased 6% to $516 million.
Full-service enrollment grew at a low single-digit rate, with average occupancy in the mid-60s, and the company plans for an average tuition price increase of approximately 4% for 2026. The company also expects to be a net closer of 5 to 10 centers in 2025.

Oct 30, 2025, 9:00 PM

Transcript

Bright Horizons Family Solutions Reports Strong Third Quarter 2025 Financial Results and Updates 2025 Guidance

BFAM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Bright Horizons Family Solutions reported third-quarter 2025 revenue of $803 million, a 12% increase compared to Q3 2024.
For the third quarter of 2025, net income grew 43% to $79 million, with diluted earnings per common share rising 46% to $1.37.
Adjusted EBITDA increased 29% to $156 million, and diluted adjusted earnings per common share rose 41% to $1.57 for the third quarter of 2025.
The company updated its fiscal year 2025 outlook, projecting revenue of approximately $2.925 billion and diluted adjusted earnings per common share in the range of $4.48 to $4.53.
CEO Stephen Kramer highlighted strong third-quarter performance driven by Back-Up Care outperformance and Full-Service enrollment gains and margin improvements.

Oct 30, 2025, 8:22 PM

Press Release

Bright Horizons Family Solutions Inc. Reports Strong Q3 2025 Financial Results and Updates 2025 Guidance

BFAM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Bright Horizons Family Solutions Inc. reported strong financial results for the third quarter of 2025, with revenue increasing 12% to $802.8 million and net income rising 43% to $78.6 million compared to the third quarter of 2024.
Diluted earnings per common share (EPS) grew 46% to $1.37, and diluted adjusted EPS increased 41% to $1.57 for Q3 2025.
The company's performance was primarily driven by increased utilization of back-up care, as well as enrollment gains and tuition price increases at its centers.
Bright Horizons provided updated fiscal year 2025 guidance, expecting revenue of approximately $2.925 billion and diluted adjusted earnings per common share in the range of $4.48 to $4.53.

Oct 30, 2025, 8:18 PM

8-K

Bright Horizons Reports Strong Q2 2025 Results and Raises Full-Year Guidance

BFAM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Bright Horizons Family Solutions Inc. delivered strong Q2 2025 financial results, with revenue increasing 9% to $732 million and adjusted EPS growing 22% to $1.70.
All segments contributed to growth, with Backup Care revenue up 19% to $163 million, Full Service revenue increasing 7% to $540 million, and Education Advisory revenue growing 8% to $29 million.
The company raised its full-year 2025 guidance, now expecting revenue between $2.90 billion and $2.92 billion (8% to 9% growth) and adjusted EPS in the range of $4.15 to $4.25 per share.
Operational highlights include continued enrollment growth at a low single-digit rate and average occupancy stepping up to the high 60% range in the Full Service segment. The UK operations are also on track to reach breakeven by year-end 2025.

Aug 1, 2025, 8:20 PM

Bright Horizons Announces Share Repurchase Program and Proxy Vote Results

BFAM

Share Buyback

Proxy Vote Outcomes

Bright Horizons Family Solutions Inc. held its annual shareholder meeting on June 3, 2025, where all three director nominees were elected, the advisory vote on executive compensation was approved, and the appointment of Deloitte & Touche LLP as the independent auditor was ratified.
On the same date, the Board authorized a new share repurchase program of up to $500 million, replacing the previous $400 million authorization.

Jun 3, 2025, 12:00 AM

8-K

Bright Horizons Q1 2025 Financial & Strategic Results

BFAM

Earnings

Guidance Update

Share Buyback

Revenue Acceleration/Inflection

Revenue increased by 7% to $666 million in Q1 2025 with adjusted EPS up 51% to $0.77 per share, driven by enrollment gains and higher tuition prices.
Income from operations increased by 56% to $62.3 million and net income surged 124% to $38.0 million, reflecting improved operational performance.
Key non‐GAAP measures showed adjusted EBITDA of $92 million (up 23%), underscoring strong underlying results.
The company expanded its network with 6 new centers and improved operational margins across U.S. and U.K. operations, maintaining steady enrollment and occupancy.
Updated full‐year 2025 guidance now expects revenue between $2.865 billion and $2.915 billion and diluted adjusted EPS between $3.95 and $4.15, while continuing disciplined capital allocation including share repurchases and debt reduction.

May 5, 2025, 9:01 PM

Transcript 8-K

Bright Horizons Announces Refinancing Amendment

BFAM

Debt Issuance

Bright Horizons Family Solutions Inc. filed an 8-K on April 17, 2025, to announce a refinancing amendment involving its credit facilities and related agreements.
The filing details execution of refinancing documents by CFO Elizabeth Boland and outlines amendments to existing credit agreements, including modifications to representations, warranties, and covenants.

Apr 21, 2025, 12:00 AM

8-K

Bright Horizons Family Solutions Reports Strong Q4 2024 Results and Issues 2025 Guidance

BFAM

Earnings

Guidance Update

Share Buyback

Bright Horizons Family Solutions reported strong Q4 2024 revenue of $674 million, a 10% increase, and Adjusted EPS of $0.98 per share, an 18% increase.
For the full year 2024, total revenue increased 11%, and Adjusted EPS grew 22%, with the backup care segment generating $170 million of operating income.
The company provided 2025 revenue guidance in the range of $2.85 billion to $2.9 billion (representing 6%-8% growth) and Adjusted EPS guidance of $3.95 to $4.15 per share (representing 15%-20% growth).
Backup care revenue grew 15% in Q4 2024 to $157 million and is expected to increase 11%-13% in 2025, while full-service enrollment growth is projected at 2.5%-3.5% for 2025, with occupancy expected to reach the mid-60s%.
Bright Horizons repurchased approximately $85 million of stock in Q4 2024, its first repurchase activity since summer 2022.

Feb 13, 2025, 10:00 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for BRIGHT HORIZONS FAMILY SOLUTIONS.

Q3 2025

Oct 30, 2025

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Q2 2025

Jul 31, 2025

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