Huron Consulting Group (HURN) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 2026 revenues before reimbursable expenses (RBR) of $465.6M, up 15.7%–16% year-over-year, with strong organic growth and robust demand across all segments and capabilities.

• Net income rose 60.8% to $31.2M, with diluted EPS up 75.2% to $1.91, aided by higher operating income and share repurchases.

• Adjusted EBITDA grew 19.9% to $72.6M (15.6% of RBR), and adjusted diluted EPS rose 30.2% to $2.46.

• AI-driven demand is fueling digital services growth, with over 60% of digital bookings in H1 2026 involving AI, up from 35% in H1 2025.

• Returned $53.1M to shareholders in Q2 and $208.6M year-to-date via share repurchases.

Financial highlights

• Q2 2026 RBR: $465.6M, up 15.7% from Q2 2025; organic RBR growth was 10.8%.

• Net income: $31.2M ($1.91/diluted share), up from $19.4M ($1.09/diluted share) in Q2 2025.

• Adjusted EBITDA: $72.6M (15.6% of RBR), up from $60.6M (15.1% of RBR) in Q2 2025.

• Adjusted EPS: $2.46, up 30.2% year-over-year.

• Cash flow from operations: $120.5M; free cash flow: $111.3M.

Outlook and guidance

• Increased full-year RBR guidance to $1.85B–$1.89B, up 12% at midpoint over 2025.

• Maintained adjusted EBITDA margin guidance at 14.5%–15% of RBR; adjusted EPS guidance raised to $9–$9.40, up 17% at midpoint.

• Healthcare RBR growth expected in mid-teens %, Education in mid to upper single digits, Commercial in low teens.

• RelateCare expected to add ~$30M RBR and be accretive to EPS by $0.10 in 2026.

• Management expects further margin improvement through operational efficiency and digital capability expansion.