Bright Horizons Family Solutions Inc. (BFAM) Income Statement
BFAM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBFAM revenue and net income
Where BFAM's revenue goes
2025Each bar shows an amount and its share of revenue. BFAM kept 6.6% of revenue as net income.
BFAM profit margins
BFAM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.2% | +13.2% | +14.1% | +7.2% |
| Gross profit | +11.5% | +13.0% | +17.8% | +6.8% |
| Operating income | +27.6% | +25.9% | +42.6% | +5.7% |
| Net income | +37.8% | +33.8% | +48.2% | +7.5% |
| EPS (diluted) | +31.0% | +20.4% | +23.9% | +9.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BFAM quarterly EPS vs estimates
Bright Horizons Family Solutions beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 29, 2026 (estimate $1.65).
BFAM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.93B | $2.69B | $2.42B | $2.02B | $1.76B | $1.52B | $2.06B | $1.90B | $1.74B | $1.57B |
| Cost of revenue | $2.24B | $2.07B | $1.89B | $1.54B | $1.34B | $1.21B | $1.54B | $1.43B | $1.31B | $1.18B |
| Gross profit | $691.0M | $619.6M | $531.7M | $478.7M | $415.0M | $304.5M | $522.9M | $473.3M | $430.6M | $390.8M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $376.4M | $354.6M | $310.8M | $289.2M | $256.8M | $219.6M | $221.5M | $201.6M | $188.9M | $164.0M |
| Total operating expenses | $376.4M | $373.0M | $360.5M | $321.1M | $286.0M | $251.2M | $255.1M | $234.2M | $225.2M | $193.6M |
| Operating income | $314.7M | $246.6M | $171.2M | $157.6M | $129.0M | $53.3M | $267.8M | $239.1M | $205.4M | $197.2M |
| Interest income | — | — | — | — | — | — | $45.2M | $47.5M | $44.0M | $81,000 |
| Interest expense | $44.8M | $48.8M | $51.6M | $39.5M | $36.1M | $37.7M | $45.2M | $47.5M | $44.0M | $42.9M |
| Income before taxes | $269.9M | $197.9M | $119.6M | $112.2M | $90.3M | $15.7M | $222.7M | $191.6M | $161.4M | $143.2M |
| Income taxes | $76.8M | $57.7M | $45.4M | $31.5M | $19.9M | −$11.3M | $42.3M | $33.6M | $4.4M | $48.4M |
| Net income | $193.1M | $140.2M | $74.0M | $80.6M | $70.5M | $27.0M | $180.4M | $158.0M | $157.0M | $94.8M |
| EBITDA | $408.1M | $344.5M | $281.9M | $257.8M | $235.3M | $165.0M | $376.1M | $340.0M | $300.2M | $271.4M |
| EPS (diluted) | $4.56 | $3.48 | $2.84 | $2.61 | $2.01 | $1.56 | $3.67 | $3.22 | $2.70 | $2.17 |
| Gross margin | 23.6% | 23.1% | 22.0% | 23.7% | 23.6% | 20.1% | 25.4% | 24.9% | 24.7% | 24.9% |
| Operating margin | 10.7% | 9.2% | 7.1% | 7.8% | 7.4% | 3.5% | 13.0% | 12.6% | 11.8% | 12.6% |
| Net margin | 6.6% | 5.2% | 3.1% | 4.0% | 4.0% | 1.8% | 8.7% | 8.3% | 9.0% | 6.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $779.2M | $712.2M | $733.7M | $801.3M | $731.6M | $665.5M | $674.1M | $719.1M | $670.1M | $622.7M | $615.6M | $645.8M |
| Cost of revenue | $591.4M | $549.9M | $591.8M | $585.8M | $549.0M | $509.8M | $533.6M | $537.6M | $507.6M | $487.6M | $499.7M | $488.1M |
| Gross profit | $187.8M | $162.3M | $140.5M | $215.6M | $182.6M | $155.7M | $140.5M | $181.5M | $162.4M | $135.1M | $115.9M | $157.6M |
| Sales, general & admin | $108.0M | $97.4M | $95.0M | $94.7M | $94.8M | $91.9M | $90.1M | $89.5M | $87.5M | $87.5M | $79.1M | $83.3M |
| Total operating expenses | $108.0M | $97.4M | $95.0M | $94.7M | $96.5M | $93.5M | $92.3M | $92.1M | $93.4M | $95.2M | $87.7M | $90.8M |
| Operating income | $79.8M | $64.9M | $45.5M | $120.8M | $86.1M | $62.3M | $48.2M | $89.4M | $69.1M | $39.9M | $28.2M | $66.8M |
| Interest expense | $14.0M | $12.0M | $11.6M | $12.2M | $10.6M | $10.4M | $11.5M | $11.6M | $12.0M | $13.7M | $14.3M | $12.2M |
| Income before taxes | $65.8M | $52.9M | $33.9M | $108.6M | $75.5M | $51.9M | $36.8M | $77.8M | $57.0M | $26.3M | $14.0M | $54.6M |
| Income taxes | $25.2M | $18.8M | $12.1M | $30.1M | $20.7M | $13.9M | $7.7M | $22.9M | $17.9M | $9.3M | $8.5M | $14.6M |
| Net income | $40.6M | $34.1M | $21.7M | $78.6M | $54.8M | $38.0M | $29.1M | $54.9M | $39.2M | $17.0M | $5.5M | $40.0M |
| EBITDA | $104.4M | $88.2M | $70.2M | $144.9M | $108.8M | $84.1M | $70.5M | $111.9M | $94.5M | $67.6M | $56.2M | $93.3M |
| EPS (diluted) | $1.19 | $0.82 | $1.15 | $1.57 | $1.07 | $0.77 | $0.98 | $1.11 | $0.88 | $0.51 | $0.83 | $0.88 |
| Gross margin | 24.1% | 22.8% | 19.1% | 26.9% | 25.0% | 23.4% | 20.8% | 25.2% | 24.2% | 21.7% | 18.8% | 24.4% |
| Operating margin | 10.2% | 9.1% | 6.2% | 15.1% | 11.8% | 9.4% | 7.2% | 12.4% | 10.3% | 6.4% | 4.6% | 10.3% |
| Net margin | 5.2% | 4.8% | 3.0% | 9.8% | 7.5% | 5.7% | 4.3% | 7.6% | 5.8% | 2.7% | 0.9% | 6.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BFAM's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BFAM financial results
In fiscal year 2025 (ended December 31, 2025), Bright Horizons Family Solutions reported revenue of $2.9 billion, up 9.2% from the year before. It had net income of $193.1 million (up 37.8%), a net profit margin of 6.6%. Diluted earnings per share came to $4.56. Over five years revenue grew at an average rate of 14.1% a year.
See the BFAM stock overview for the latest quote and news, or the BFAM chart for price history and technical indicators.
BFAM income statement FAQ
What is Bright Horizons Family Solutions's annual revenue?
Bright Horizons Family Solutions reported total revenue of $2.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 9.2% from $2.7 billion the previous year.
Is Bright Horizons Family Solutions profitable?
Yes. Bright Horizons Family Solutions reported net income of $193.1 million in fiscal 2025, a net profit margin of 6.6%; its operating margin was 10.7%.
What is Bright Horizons Family Solutions's gross margin?
Bright Horizons Family Solutions's gross margin was 23.6% in fiscal 2025: for every $100 of revenue, Bright Horizons Family Solutions kept $24 after the direct cost of its products and services.
How fast is Bright Horizons Family Solutions growing?
Revenue grew 14.1% a year on average over the last five fiscal years, from $1.5 billion to $2.9 billion.
What are Bright Horizons Family Solutions's earnings per share?
Bright Horizons Family Solutions earned $4.56 per diluted share in fiscal 2025, compared with $3.48 a year earlier.
When will Bright Horizons Family Solutions report its next earnings?
Bright Horizons Family Solutions is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Bright Horizons Family Solutions's fiscal year end?
Bright Horizons Family Solutions's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.