Bright Horizons Family Solutions showcased impressive financial results for the second quarter of 2026, demonstrating the resilience and effectiveness of its employer-sponsored care model. The company's revenue climbed to $779 million, marking a 7% increase, while adjusted earnings per share (EPS) saw a significant 20% jump to $1.28, exceeding initial forecasts. This strong performance was primarily propelled by the outstanding growth within the Back-up Care segment, which experienced a 19% revenue expansion. This segment's success is attributed to increased user engagement and a rise in booking frequency, reinforcing the value of their extensive care network and advanced technology platform. Bright Horizons continues to deepen its market penetration by expanding its range of care and education solutions, such as employer-sponsored summer camps and forming new partnerships with Fortune 500 companies, ensuring sustained growth in this high-margin sector.
The full-service segment also contributed positively, with revenue growing by 3% to $557 million, largely due to tuition rate adjustments and favorable foreign exchange impacts. Despite these gains, the segment faced challenges, including enrollment declines in Australia and strategic center closures aimed at optimizing the portfolio. The company's proactive approach to managing its center network is evident in its efforts to align staffing with enrollment levels in underperforming regions and to transition self-operated client centers to Bright Horizons' management. This strategy not only enhances efficiency but also broadens the company's footprint through new client partnerships and tailored on-site solutions. Educational advisory services maintained steady revenue, with growth in College Coach offsetting reduced engagement in EdAssist, highlighting the demand for expert guidance in complex educational planning.
Looking ahead, Bright Horizons is optimistic about its future trajectory, narrowing its full-year revenue guidance to a range of $3.085 billion to $3.115 billion and elevating its adjusted EPS outlook to $5.05 to $5.15. This revised forecast reflects confidence in ongoing operational improvements and strategic initiatives. The company's commitment to delivering top-tier care and fostering strong relationships with both employers and employees positions it for continued success. Through its 'One Bright Horizons' strategy, the company aims to integrate its diverse service offerings, providing comprehensive support that meets the evolving needs of working families and employers. This integrated approach, coupled with disciplined portfolio management and a focus on core growth drivers, underscores Bright Horizons' capacity for sustainable development and value creation.
By prioritizing innovation, adaptability, and unwavering quality, Bright Horizons is not just navigating the current landscape but actively shaping the future of employer-sponsored care and education. The company's journey underscores the power of strategic foresight and continuous improvement in achieving enduring success and making a meaningful impact on communities.