undamentalytics Newsletter
Sign in

Bright Horizons Family Solutions Inc. (BFAM) stock

Add to watchlist

Add holding +

NYSE: BFAM NYSE Specialized Consumer Services Next results ~February 11, 2027

C+ Fundamentals grade

Bright Horizons Family Solutions Inc. is a US-listed company in the specialized consumer services industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$97

Cash-flow model

Base case. Range ~$66–$140 across our lower- and higher-growth cases (3.1%–13.1% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 78% above it.

Price used: $54.31, November 2, 2026

Bright Horizons Family Solutions Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds202 adding, 219 cuttingOf 49 active managers that changed their stake, 21 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Bright Horizons Family Solutions files

10-Q filed October 30: Bright Horizons Family Solutions

Model value −3.1%

Revenue for the twelve months to September 2026 was $3.07bn, up 6.7% on a year earlier, slower than the 8.5% growth a quarter earlier. Free-cash-flow margin held at 8.3%. Operating margin narrowed to 0.1% from 11.0%. The diluted share count is down 8.6% on a year earlier, which lifts each remaining share. Its fundamentals grade moves from C to C+. Our model value falls from $98.99 to $95.93 a share, against a share price of $54.98. The rating stays Buy. At that price, our model says the market is pricing in about 0.3% a year of cash-flow growth for five years, slower than the 11.8% a year revenue growth it has delivered.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Bright Horizons Family Solutions stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.03bn, up 8.5% on a year earlier, slower than 9.2% a quarter earlier. Free-cash-flow margin held at 7.8%. The diluted share count is down 5.3% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 7 financial-health checks. Our cash-flow model value is $88.85 a share, against a share price of $69.63. At that price, our model says the market is pricing in about 6.0% a year of cash-flow growth for five years, slower than the 11.5% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 11, 2027 (estimated)

Bright Horizons Family Solutions Inc.'s trailing-twelve-month revenue grew 6.7% year on year, with a free-cash-flow margin of 8.3%. Where it stands out: change in share count of -8.6% ranks 1 of 15 specialized consumer services companies we cover.

Our discounted-cash-flow model values the business at ~$97 per share in the base case (~$66–$140 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 6.7% (-1.8pp vs the prior quarter), the 4th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $54.31 is 78% below our value per share of $97.
  • Shrinking share count. Diluted shares fell 8.6% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Margins narrowing. Operating margin is down 10.9 points on a year ago.
  • Volatile shares. Over the past year the shares showed annualised volatility of 46% and a beta of -0.1 against the S&P 500.

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$1.80 against an average estimate of $1.76: beat by 2.4%
Revenue
$841m, up 4.8% on a year earlier
Share reaction
-20.7% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Guidance given
revenue $3.07bn (fiscal year 2026); diluted adjusted earnings per common share $4.98 to $5.03 (fiscal year 2026)
Next report
October 29, 2026; average EPS estimate $1.29

Bright Horizons Family Solutions' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.2%
  • 1 week-26.3%
  • 1 month-15.5%
  • This year-46.4%
  • 1 year-50.3%
  • 5 years-63.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.1B
Operating margin
0.1%
Net margin
-4.4%
EPS (TTM, diluted)
$-2.54

Growth

Revenue growth
+6.7%
Change in growth rate
−1.8 pts
Share count change
−8.6%

Cash

Free cash flow (TTM)
$253M
FCF margin
8.3%
Stock pay % of revenue
1.0%

Earnings

Last results
October 29, 2026
Next results (est.)
February 11, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Guidance
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Bright Horizons Family Solutions Inc. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 0.2% a year for five years.That is slower than the 11.8% a year revenue growth Bright Horizons Family Solutions has delivered.

  • Priced in-0.2%
  • Last 12 months6.7%
  • 3 years a year9.6%
  • 5 years a year11.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($53.34, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$97
Price used
$53.34close November 3, 2026
Implied change
▲ +81%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Bright Horizons Family Solutions Inc.'s free cash flow after stock-based pay with after-tax interest added back ($260M, FY2026 Q3 TTM), growing 5.5% and 7.3% in the next two years (forecasts, guidance and its record), then back to 8.1% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$66–~$140 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Bright Horizons Family Solutions Inc.'s free cash flow after stock-based pay ( $260M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Bright Horizons Family Solutions Inc. as an operating company, with every model that fits that kind of business. Cost of equity 7.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.63 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$97 ~$66–$140 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$74 ~$56–$110 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$8.2 ~$4.9–$14 Left out: out of range vs price (0.15x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$5.8 ~$4.8–$7.3 Left out: out of range vs price (0.11x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$89 ~$74–$97 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Bright Horizons Family Solutions Inc. with Specialized Consumer Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −31%
  • Revenue growth 5 points higher ▲ +40%
  • Free-cash-flow margin 1 point lower ▼ −13%
  • Last year's free-cash-flow margin change, if it persists ▲ +2%
  • Discount rate 1 point higher ▼ −18%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $52$80$117$166$229$311
8.5% $34$54$81$116$161$219
10% $23$38$59$86$120$164

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$66.80$70.02$94.00$111.45$150.29$172.99$125.88$63.10$94.24$110.85$101.40$54.31
Market value$4.2bn$4.2bn$5.7bn$6.6bn$8.9bn$10.4bn$7.7bn$3.7bn$5.5bn$6.5bn$5.8bn$2.9bn
+ Net debt (− = net cash)$928m$1.1bn$1.2bn$1.2bn$1.0bn$647m$731m$1.0bn$891m$837m$807m$1.2bn
Enterprise value$5.1bn$5.4bn$6.8bn$7.7bn$9.9bn$11.1bn$8.4bn$4.7bn$6.4bn$7.3bn$6.6bn$4.1bn
Multiples
Price / sales 2.9x2.7x3.3x3.5x4.3x6.9x4.4x1.8x2.3x2.4x2.0x0.9x
Price / earnings 44.4x44.8x36.1x41.6x49.1xn/m108.8x45.8x73.6x46.2x30.2x—
Price / free cash flow 45.1x30.8x35.4x32.5x40.5x83.6x46.8x31.3x33.1x27.0x22.5x11.3x
EV / EBITDA 19.6x19.0x22.7x22.7x26.2x67.2x35.3x17.9x22.5x21.2x16.2x40.8x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

49 /100

Moderate moat

How hard Bright Horizons Family Solutions's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 10 / 20

    Cash operating profit has been a median 8.3% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 23.6%, moving by 1.1 percentage points (standard deviation) across 10 years.

  • Durability 2 / 20

    Operating margin has been a median 8.2%; its worst year was 0.1%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 10 of 10 years, at a median 8.2% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 10.8% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (54 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.11 +12% $3.1bn +6%
Next $5.90 +15% $3.3bn +6%

Next year's EPS estimate has moved +2.4% in 90 days, across 9 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.7% on 90 days ago. In the last 30 days, 9 analysts raised Bright Horizons Family Solutions Inc.'s forecast and 0 cut it.

Consensus EPS forecast Bright Horizons Family Solutions Inc., last 90 days
$5.00 $5.50 $6.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $5.03 Current fiscal year, 60 days ago: $5.11 Current fiscal year, 30 days ago: $5.11 Current fiscal year, 7 days ago: $5.11 Current fiscal year, Now: $5.11 $5.11 Next fiscal year, 90 days ago: $5.76 Next fiscal year, 60 days ago: $5.89 Next fiscal year, 30 days ago: $5.90 Next fiscal year, 7 days ago: $5.90 Next fiscal year, Now: $5.90 $5.90

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $5.03$5.76
60 days ago $5.11$5.89
30 days ago $5.11$5.90
7 days ago $5.11$5.90
Now $5.11$5.90

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.76 $1.80 +2.4%
Jun 2026 $1.20 $1.28 +6.6%
Mar 2026 $0.80 $0.82 +2.9%
Dec 2025 $1.12 $1.15 +2.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 29, 2026
  • revenue fiscal year 2026 about $3.07bn Lowered vs 3.085bn to 3.115bn
    “Based on current trends and expectations, we currently expect fiscal year 2026 revenue to be approximately $3.07 billion and diluted adjusted earnings per common share to be in the range of $4.98 to $5.03.” source
  • diluted adjusted earnings per common share fiscal year 2026 $4.98 to $5.03 Non-GAAP Lowered vs 5.05 to 5.15
    “Based on current trends and expectations, we currently expect fiscal year 2026 revenue to be approximately $3.07 billion and diluted adjusted earnings per common share to be in the range of $4.98 to $5.03.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Bright Horizons Family Solutions Inc.'s revenue by +5.5% next year and +7.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+5.2%, weight 45%) , management guidance (+4.2%, weight 33%) and the company's own record (+8.1%, weight 22%) . How the weights are set.

Analyst recommendations

9 analysts, Oct 2026
Buy556%
Hold333%
Sell111%

Monthly trend

  1. Oct 202623319
  2. Sep 202623319
  3. Aug 202623319
  4. Jul 202623319

Counts of recommendations published by analysts covering Bright Horizons Family Solutions Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.1%
of tradable shares
Days to cover
2.77
at average volume
Short interest, 1 month
−18%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.1%
of shares
Employees
32,200
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −50.3%

$109.23 on October 31, 2025 to $54.31

ThenNowEffect
Revenue (last 12 months) $2.8bn $3.0bn +8.5%
Net margin 6.3% 5.8% −8.8%
P/E multiple 35.9x 17.1x −52.4%
Share count 58m 55m +5.6%

Biggest factor: p/e multiple.

Last 3 years −36.9%

$86.01 on November 3, 2023 to $54.31

ThenNowEffect
Revenue (last 12 months) $2.2bn $3.0bn +36.0%
Net margin 2.9% 5.8% +98.0%
P/E multiple 76.4x 17.1x −77.6%
Share count 58m 55m +4.7%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BFAM−27%−50%+49%+18%−9%−46%
Industry peers (median)+17%−61%−28%+8%−4%−32%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BFAM50%50%58%50%42%27%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BFAM−37%−60%−27%−26%−30%−48%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 70% from February 16, 2021 to November 2, 2026. Getting back needed a 235% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$54.31 – $104.52
From 52-week high
−48.0%
vs 50-day average
−20.1%
vs 200-day average
−26.5%
Volatility (1 year)
46%
Beta vs S&P 500
-0.13

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±12.3%
After a week
6 up, 5 down
typical move ±9.0%
After a month
6 up, 5 down
typical move ±10.3%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 −20.7% −2.1% — —
July 30, 2026 −9.8% +2.4% −10.5% −9.5%
May 5, 2026 −18.0% +2.2% −14.5% −23.9%
February 12, 2026 −18.0% −1.5% −11.3% −6.3%
October 30, 2025 +17.8% −0.8% +5.6% +11.9%
July 31, 2025 +10.1% −2.0% +5.8% +3.9%
May 5, 2025 −5.4% −1.4% −4.1% −0.1%
February 13, 2025 +9.0% +1.1% +6.9% +9.2%
November 4, 2024 −13.2% +1.0% −14.8% −11.1%
August 1, 2024 +12.4% −3.3% +9.8% +17.0%
May 2, 2024 +7.2% +2.2% +9.1% +4.9%
February 13, 2024 +6.4% −0.5% +6.6% +15.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Bright Horizons Family Solutions Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Bright Horizons Family Solutions Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Bright Horizons Family Solutions Inc.
$2.4B $2.6B $2.8B $3B $3.2B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $2.4B Revenue (TTM), FY24 Q1: $2.5B Revenue (TTM), FY24 Q2: $2.6B Revenue (TTM), FY24 Q3: $2.6B Revenue (TTM), FY24 Q4: $2.7B Revenue (TTM), FY25 Q1: $2.7B Revenue (TTM), FY25 Q2: $2.8B Revenue (TTM), FY25 Q3: $2.9B Revenue (TTM), FY25 Q4: $2.9B Revenue (TTM), FY26 Q1: $3B Revenue (TTM), FY26 Q2: $3B Revenue (TTM), FY26 Q3: $3.1B $3.1B

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $2.4B
FY24 Q1 $2.5B
FY24 Q2 $2.6B
FY24 Q3 $2.6B
FY24 Q4 $2.7B
FY25 Q1 $2.7B
FY25 Q2 $2.8B
FY25 Q3 $2.9B
FY25 Q4 $2.9B
FY26 Q1 $3B
FY26 Q2 $3B
FY26 Q3 $3.1B
Revenue growth, TTM YoY Bright Horizons Family Solutions Inc.
0% 5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 19.7% Revenue growth, TTM YoY, FY24 Q1: 17.7% Revenue growth, TTM YoY, FY24 Q2: 14.7% Revenue growth, TTM YoY, FY24 Q3: 12.7% Revenue growth, TTM YoY, FY24 Q4: 11.1% Revenue growth, TTM YoY, FY25 Q1: 9.7% Revenue growth, TTM YoY, FY25 Q2: 9.2% Revenue growth, TTM YoY, FY25 Q3: 9.4% Revenue growth, TTM YoY, FY25 Q4: 9.2% Revenue growth, TTM YoY, FY26 Q1: 9.2% Revenue growth, TTM YoY, FY26 Q2: 8.5% Revenue growth, TTM YoY, FY26 Q3: 6.7% 6.7%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 19.7%
FY24 Q1 17.7%
FY24 Q2 14.7%
FY24 Q3 12.7%
FY24 Q4 11.1%
FY25 Q1 9.7%
FY25 Q2 9.2%
FY25 Q3 9.4%
FY25 Q4 9.2%
FY26 Q1 9.2%
FY26 Q2 8.5%
FY26 Q3 6.7%
Operating margin (TTM) Bright Horizons Family Solutions Inc.
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 7.1% Operating margin (TTM), FY24 Q1: 7.3% Operating margin (TTM), FY24 Q2: 8.0% Operating margin (TTM), FY24 Q3: 8.6% Operating margin (TTM), FY24 Q4: 9.2% Operating margin (TTM), FY25 Q1: 9.9% Operating margin (TTM), FY25 Q2: 10.2% Operating margin (TTM), FY25 Q3: 11.0% Operating margin (TTM), FY25 Q4: 10.7% Operating margin (TTM), FY26 Q1: 10.6% Operating margin (TTM), FY26 Q2: 10.3% Operating margin (TTM), FY26 Q3: 0.1% 0.1%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 7.1%
FY24 Q1 7.3%
FY24 Q2 8.0%
FY24 Q3 8.6%
FY24 Q4 9.2%
FY25 Q1 9.9%
FY25 Q2 10.2%
FY25 Q3 11.0%
FY25 Q4 10.7%
FY26 Q1 10.6%
FY26 Q2 10.3%
FY26 Q3 0.1%
FCF margin (TTM) Bright Horizons Family Solutions Inc.
6% 7% 8% 9% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 6.8% FCF margin (TTM), FY24 Q1: 8.6% FCF margin (TTM), FY24 Q2: 8.2% FCF margin (TTM), FY24 Q3: 8.2% FCF margin (TTM), FY24 Q4: 8.9% FCF margin (TTM), FY25 Q1: 7.8% FCF margin (TTM), FY25 Q2: 8.7% FCF margin (TTM), FY25 Q3: 8.1% FCF margin (TTM), FY25 Q4: 8.8% FCF margin (TTM), FY26 Q1: 9.2% FCF margin (TTM), FY26 Q2: 7.8% FCF margin (TTM), FY26 Q3: 8.3% 8.3%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 6.8%
FY24 Q1 8.6%
FY24 Q2 8.2%
FY24 Q3 8.2%
FY24 Q4 8.9%
FY25 Q1 7.8%
FY25 Q2 8.7%
FY25 Q3 8.1%
FY25 Q4 8.8%
FY26 Q1 9.2%
FY26 Q2 7.8%
FY26 Q3 8.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Bright Horizons Family Solutions took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $2.9B
  2. Cost of revenue $2.2B · 76.2%
  3. Gross profit $697M · 23.8%
  4. Selling, general and admin $376M · 12.8%
  5. Operating income $315M · 10.7%
  6. Income tax $76.8M · 2.6%
  7. Interest and other $44.8M · 1.5%
  8. Net income $193M · 6.6%

Shares of revenue. Source: Bright Horizons Family Solutions's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 974 1,071 1,219 1,353 1,458 1,570 1,741 1,903 2,062 1,515 1,755 2,020 2,418 2,686 2,934 3,067
Gross profit 207 246 281 314 358 391 431 473 523 305 415 479 532 620 697 699
EBITDA 142 157 182 224 260 283 300 340 376 165 238 264 282 345 408 101
Operating income 87 95 109 147 182 197 205 239 268 53 129 158 171 247 315 3
Net income 5 8 13 72 94 95 157 158 180 27 70 81 74 140 193 −134
Diluted EPS — −$12.62 $0.20 $1.07 $1.50 $1.55 $2.59 $2.66 $3.05 $0.45 $1.15 $1.37 $1.28 $2.40 $3.36 −$2.54
Growth (year on year)
Revenue — +10.0% +13.8% +11.0% +7.8% +7.6% +10.9% +9.3% +8.3% −26.5% +15.9% +15.1% +19.7% +11.1% +9.2% +6.7%
EBITDA — +10.2% +16.0% +23.4% +16.0% +8.6% +6.3% +13.3% +10.6% −56.1% +44.2% +10.9% +6.9% +22.2% +18.4% −75.3%
Operating income — +9.9% +14.2% +34.7% +23.6% +8.6% +4.2% +16.4% +12.0% −80.1% +141.9% +22.1% +8.7% +44.0% +27.6% −99.0%
Net income — — — — +30.4% +0.9% +65.6% +0.6% +14.2% −85.0% — +14.5% −8.0% +88.9% +37.8% −166.9%
Diluted EPS — — — — +40.2% +3.3% +67.1% +2.7% +14.7% −85.2% — +19.1% −6.6% +87.5% +40.0% −173.2%
Margins
Gross margin 21.3% 22.9% 23.1% 23.2% 24.5% 24.9% 24.7% 24.9% 25.4% 20.1% 23.6% 23.7% 22.0% 23.1% 23.8% 22.8%
EBITDA margin 14.6% 14.6% 14.9% 16.6% 17.8% 18.0% 17.2% 17.9% 18.2% 10.9% 13.6% 13.1% 11.7% 12.8% 13.9% 3.3%
Operating margin 8.9% 8.9% 8.9% 10.9% 12.5% 12.6% 11.8% 12.6% 13.0% 3.5% 7.4% 7.8% 7.1% 9.2% 10.7% 0.1%
Net margin 0.5% 0.8% 1.0% 5.3% 6.4% 6.0% 9.0% 8.3% 8.7% 1.8% 4.0% 4.0% 3.1% 5.2% 6.6% −4.4%
Free-cash-flow margin 9.4% 3.5% 7.4% 8.0% 6.3% 8.8% 9.2% 10.6% 10.6% 8.2% 9.3% 5.8% 6.8% 8.9% 8.8% 8.3%
Cash flow
Cash from operations 134 107 160 174 170 213 248 295 330 210 227 188 256 337 351 356
Capital spending 43 69 70 66 78 75 88 92 112 85 63 71 91 97 92 103
Free cash flow 91 38 90 108 92 138 160 202 219 125 164 118 165 240 259 253
Stock-based pay 1 18 11 8 9 12 12 14 17 21 23 28 29 34 31 30
Free cash flow after stock pay 90 20 79 100 83 126 148 188 201 104 141 90 136 207 228 223
Balance sheet
Cash 30 34 30 88 12 15 23 15 28 384 261 36 72 110 140 119
Total debt 0 928 764 921 939 1,141 1,184 1,166 1,039 1,031 992 1,062 963 947 947 1,362
Net debt (negative = net cash) −30 894 735 833 928 1,126 1,161 1,150 1,011 647 731 1,025 891 837 807 1,243
Diluted shares — 6m 65m 67m 62m 61m 60m 59m 59m 60m 61m 58m 58m 58m 57m 53m
Returned to shareholders
Buybacks — 5 0 222 128 113 162 127 32 33 214 183 0 85 225 680
Total returned — 5 0 222 128 113 162 127 32 33 214 183 0 85 225 680

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 7 checks passed · September 30, 2026
What it owns · $3.5bn
Short-term assets $445mLonger-term assets $3.0bn
What it owes, and who funded it · $3.5bn
Short-term liabilities $992mLonger-term liabilities $1.8bnShareholders' equity $638m
  • Short-term assets cover short-term liabilities $445m of assets due within a year against $992m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $445m short-term assets against $1.8bn of longer-dated liabilities.
  • More cash than debt $119m of cash against $1.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 169% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 83% to 169% over five years.
  • A year's operating cash flow covers at least 20% of debt $356m of operating cash flow against $1.1bn of debt.
  • Operating profit covers interest at least five times over Operating income of $3m against $55m of interest.

From Bright Horizons Family Solutions Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$680M
Returned to shareholders
269%
of free cash flow
Buybacks, last 3 fiscal years
$310M
Diluted share count
−8.6%
year over year
Total shareholder yield
26.0%
dividends 0.0% + buybacks 26.0% of market value
Sales & admin spending
13.1%
of revenue

Competitors: side by side with peers

Closest by revenue in specialized consumer services
Last 12 months unless stated BFAM HRB FTDR SCI ADT DASH Median
Revenue, last 12 months $3.1bn $3.9bn $2.1bn $4.4bn $5.2bn $17.1bn $222m
Revenue growth, last 12 months 6.7% 4.9% 9.3% 3.0% 2.1% 35.0% 5.8%
Revenue growth, 3-year average 9.6% 4.4% 7.8% 2.8% 1.7% 27.9% 3.7%
Revenue growth, latest quarter 4.8% 3.0% 4.5% 4.6% 2.0% 34.0% 2.8%
Gross margin 22.8% 44.3% 55.5% 25.9% — — 35.1%
Operating margin 0.1% — — 22.7% 25.0% 5.3% 2.2%
Operating margin, 3-year average 6.6% — — 22.4% 25.2% 2.8% −3.8%
Net margin −4.4% 18.6% 12.8% 12.7% 11.9% 6.2% 1.9%
Cash from operations / revenue 11.6% 21.3% 19.1% 24.5% 41.8% 17.3% 8.7%
Free-cash-flow margin 8.3% 19.2% 18.0% 15.4% 38.1% 15.8% 6.6%
Free-cash-flow margin, 3-year average 8.2% 17.8% 15.5% 14.8% 36.1% 17.9% 5.7%
Stock pay / revenue 1.0% 0.8% 1.8% 0.4% 1.1% 6.6% 1.9%
Change in share count −8.6% −6.2% −5.1% −3.4% 0.7% −1.6% 4.4%

Median of all 18 companies we cover in specialized consumer services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

18 specialized consumer services companies
Measure Company Peer median Rank
Revenue growth Growth 6.7% 6.7% 9 of 18
Change in growth rate Growth -1.8pp -1.2pp 11 of 18
Gross margin Profitability 22.8% 35.1% 10 of 14
Operating margin Profitability 0.1% 4.3% 9 of 16
Net margin Profitability -4.4% 3.1% 12 of 18
Free-cash-flow margin Cash generation 8.3% 8.3% 9 of 18
Stock pay as % of revenue Cash generation 1.0% 2.0% 5 of 16
Long-term debt as % of assets Balance sheet 30.7% 26.1% 10 of 15
Change in share count Balance sheet -8.6% 7.2% 1 of 15

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Full Service Center Based Care $2.1B 70.9% ▲ 6.1%
Backup Dependent Care $728M 24.8% ▲ 19.3%
Educational Advisory and Other Services $125M 4.2% ▲ 9.1%
Geography
Region Revenue YoY
North America $2.1B ▲ 8.0%
Outside North America $843M ▲ 12.5%
United Kingdom $507M ▲ 17.4%

These categories overlap or exclude eliminations, so shares aren't shown.

From Bright Horizons Family Solutions Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.9B
Institutions reporting
384
Shares held vs prior quarter
▼ 0.9%
Positions opened / closed
85 / 69

Top buyers and sellers, Q2 2026: 202 institutions bought and 219 sold ; the biggest buyer was Blackrock, Inc (+3.4M shares) and the biggest seller Capital World Investors (−1.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $452M 6.4M 11.6% ▲ 115.5%
AQR Capital Management LLC $218M 3.1M 5.6% ▼ 7.3%
Kayne Anderson Rudnick Investment Management LLC $204M 2.9M 5.2% ▼ 25.1%
Vanguard Portfolio Management LLC $189M 2.7M 4.8% ▲ 21.8%
Abrams Bison Investments, LLC $170M 2.4M 4.3% ▲ 69.4%
Vanguard Capital Management LLC $169M 2.4M 4.3% ▼ 4.4%
State Street Corp $127M 1.8M 3.2% ▲ 81.2%
Dimensional Fund Advisors LP $119M 1.7M 3.1% ▲ 26.3%
Goldman Sachs Group Inc $106M 1.5M 2.7% ▼ 22.0%
Neuberger Berman Group LLC $103M 1.4M 2.6% ▲ 1.1%
Morgan Stanley $102M 1.4M 2.6% ▲ 34.3%
Bank Of Montreal $94M 1.3M 2.4% ▲ 36.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Bright Horizons Family Solutions Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $656,584 4 trades by 2 insiders · 34% under pre-set plans
Net ▼ $656,584 net selling
Insider Date Trade Shares Price Value
Tocio Mary Ann Director September 2, 2026 Sell 6,000 $72.65 $435,900
Burke Mary Lou COO North America Center Ops September 1, 2026 Sell pre-set plan 1,200 $75.00 $90,000
Burke Mary Lou COO North America Center Ops August 3, 2026 Sell pre-set plan 1,200 $75.57 $90,684
Burke Mary Lou COO North America Center Ops July 28, 2026 Sell pre-set plan 500 $80.00 $40,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 11 trades and filings

No trades in Bright Horizons Family Solutions Inc. disclosed in the last 12 months; 11 earlier trades on record.

  • Susie Lee(D-NV 3):Sale (full), $1,001 - $15,000, traded November 30, 2022, filed December 29, 2022
  • Susie Lee(D-NV 3):Purchase, $1,001 - $15,000, traded August 20, 2021, filed September 10, 2021
  • Susie Lee(D-NV 3):Purchase, $1,001 - $15,000, traded May 26, 2021, filed June 14, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 11, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 30, 2026
  • May 5, 2026
  • February 12, 2026
  • October 30, 2025
  • July 31, 2025

Recent SEC filings

Data status

When each part of this page on Bright Horizons Family Solutions Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Bright Horizons Family Solutions Inc. in brief

What does Bright Horizons Family Solutions Inc. do?
Bright Horizons Family Solutions Inc. is a US-listed company in the specialized consumer services industry. Its financial year ends in December.
What is Bright Horizons Family Solutions Inc.'s stock ticker?
Bright Horizons Family Solutions Inc. trades under the ticker BFAM on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Bright Horizons Family Solutions Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Bright Horizons Family Solutions Inc. reported revenue of $3.1B, 6.7% higher than a year earlier, according to its SEC filings.
What is Bright Horizons Family Solutions Inc.'s free cash flow?
Bright Horizons Family Solutions Inc.'s free-cash-flow margin is 8.3% of revenue over the trailing twelve months, ranking 9 of the 18 specialized consumer services companies we cover.
What is Bright Horizons Family Solutions Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Bright Horizons Family Solutions Inc.'s free cash flow after stock-based pay gives ~$97 per share in the base case, and ~$66–$140 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Bright Horizons Family Solutions Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., AQR Capital Management LLC and Kayne Anderson Rudnick Investment Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Bright Horizons Family Solutions Inc. buying back stock, and does it pay a dividend?
Bright Horizons Family Solutions Inc. spent $680M on share repurchases over the trailing twelve months, and its diluted share count fell 8.6% over the year.
What is Bright Horizons Family Solutions Inc.'s market cap?
On November 2, 2026, Bright Horizons Family Solutions Inc.'s market capitalisation was about $2.9B and net debt of $1.2B. Market figures come from third-party market data and may be delayed.
How much debt does Bright Horizons Family Solutions Inc. have?
Bright Horizons Family Solutions Inc.'s debt-to-equity ratio is 169.1%, from its latest balance sheet (83.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Bright Horizons Family Solutions Inc.'s competitors?
In our Specialized Consumer Services peer group, the companies closest to Bright Horizons Family Solutions Inc. are H&R Block Inc, Frontdoor, Inc., Service Corp International, ADT Inc. and DoorDash. The side-by-side comparison below sets their revenue, margins and growth against Bright Horizons Family Solutions Inc.'s.
Are insiders buying or selling Bright Horizons Family Solutions Inc. stock?
Over the last 12 months, Bright Horizons Family Solutions Inc.'s directors and officers reported 0 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Bright Horizons Family Solutions Inc.'s next earnings date?
Around February 11, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Bright Horizons Family Solutions Inc. announces its own schedule.