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Bright Horizons Family Solutions
Bright Horizons Family Solutions (BFAM) investor relations material
Bright Horizons Family Solutions Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
Q4 2025 revenue grew 9% year-over-year to $734 million, with adjusted EPS up 17% to $1.15, both exceeding expectations.
Full-year 2025 revenue reached $2.93 billion, up 9%, and adjusted EPS was $4.55, a 31% increase year-over-year.
Adjusted EBITDA rose 12% in Q4 and 19% for the year, with strong contributions from Back-Up Care and center-based child care.
Net income declined 25% in Q4 due to impairment and lease termination costs, but increased 38% for the full year.
Back-Up Care generated over $725 million in revenue in 2025, remaining a standout segment.
Financial highlights
Q4 adjusted operating income rose 14% to $91 million, with operating margins up 60 basis points to 12.3%.
Adjusted EBITDA increased 12% to $123 million in Q4, with a 17% margin.
Net interest expense was $12 million in Q4 and $45 million for the year; non-GAAP effective tax rate was 26.4% for Q4 and 27% for the year.
Cash from operations for 2025 was $351 million, up from $337 million in 2024; capital investments totaled $91 million.
Full year 2025: income from operations $315 million (+28%), net income $193 million (+38%), diluted EPS $3.36 (+40%).
Outlook and guidance
2026 revenue expected between $3.075 billion and $3.125 billion, representing 5%-6.5% growth.
Adjusted EPS guidance for 2026 is $4.90-$5.10 per share.
Q1 2026 revenue growth expected at 6%-7.5%, with adjusted EPS of $0.75-$0.80.
Full Service segment revenue to grow 3.5%-4.5%, Back-Up Care 11%-13%, and Ed Advisory mid-single digits in 2026.
What caused Q4 full-service center GAAP loss?
Back-up care vs. full-service center margins
Key 2025 cash outflows beyond investments
How do center closures accelerate occupancy gains?
Backup care growth: Employer spend limits or changes?
UK full-service turnaround: Key drivers & sustainability?
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Next Bright Horizons Family Solutions earnings date
Q1 20264 May, 2026
Bright Horizons Family Solutions
Next Bright Horizons Family Solutions earnings date
Q1 20264 May, 2026
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Frequently asked questions
Bright Horizons Family Solutions Inc. provides child care, an educational advisory, and workplace solutions services. The company's programs cultivate early literacy and language skills that help prepare children for school. Its offerings include infant and toddler nurseries; preschools; fee-based programs for high-needs students; and summer camps. Bright Horizons Family Solutions serves clients in a range of industries including financial, high-tech, manufacturing, hospitality, professional service, not-for-profit, and health care as well as government agencies.
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