The reaffirmed guidance signals management's confidence in the full-year outlook, but the lack of an upgrade and the net income decline may cap near-term upside. Monitor Q2 results for margin trajectory and back-up care utilization trends.
Price Chart
Executive Summary
Bright Horizons reported Q1 2026 revenue of $712.2M (+7% YoY) and GAAP EPS of $0.62 (down 6% YoY), while adjusted EPS grew 6% to $0.82. The company reaffirmed full-year 2026 guidance (revenue $3.075B-$3.125B, adj. EPS $4.90-$5.10). Back-Up Care revenue grew 12% YoY, marking 16th consecutive quarter of double-digit growth. Net income fell 10% due to higher effective tax rate and interest expense, partially offset by operating leverage.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $712.2M (+7% YoY), operating income $64.9M (+4% YoY)
- GAAP diluted EPS $0.62 (down 6% YoY); adjusted diluted EPS $0.82 (+6% YoY)
- Back-Up Care segment revenue $144.7M (+12% YoY); Full-Service $540.6M (+6% YoY)
- Full-year 2026 guidance reaffirmed: revenue $3.075B-$3.125B, adj. EPS $4.90-$5.10
- Operating cash flow $107.7M in Q1 (up 25% YoY); repurchased 2.9M shares for $224.8M
Financial Impact
Revenue growth of 7% and adj. EPS growth of 6% are offset by GAAP net income decline of 10% due to tax/interest headwinds. Guidance unchanged.
Risk Factors
- Higher effective tax rate and interest expense could continue to pressure GAAP net income
- Labor cost inflation and enrollment variability in Full-Service segment
- Guidance maintained, not raised, implying no acceleration in expectations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437578-26-000011 |
| Document: a2026investorslidedeck.htm | 0001437578-26-000011 |
| Document: bfam-20260505.htm | 0001437578-26-000011 |
| Document: 0001437578-26-000011-index-headers.html | 0001437578-26-000011 |
| Document: 0001437578-26-000011-index.html | 0001437578-26-000011 |
| Document: 0001437578-26-000011.txt | 0001437578-26-000011 |
| 8-K Data (Synthetic) | 0001437578-26-000011 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | 144 | $71.95 $64.83 | ▼ −9.90% | ▼ −9.74% | $64.17 (−10.81%) |
Aug 14, 2026 6w ago | Institutional Cluster | $70.29 $67.41 | ▼ −4.10% | ▼ −2.12% | $64.17 (−8.70%) |
May 5, 2026 21w ago | 8-K | $66.36 $59.64 | ▼ −10.13% | ▼ −12.91% | $64.17 (−3.29%) |
Apr 20, 2026 23w ago | DEFA14A | $85.02 $68.17 | ▼ −19.82% | ▼ −24.02% | $64.17 (−24.52%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access