BRIGHT HORIZONS FAMILY SOLUTIONS INC. BFAM

Healthcare SIC 8351 - Services-Child Day Care Services NAICS Health Care and Social Assistance › Social Assistance › Child Care Services derived NYSE

For 40 years, Bright Horizons has been a champion for working families — designing and delivering innovative education and care solutions. We are a leading provider of high-quality early education and child care, comprehensive back-up care solutions and educational advisory services. Our offerings support both working families and employers' workforce strategies by supporting their employees across life and career stages, and improving employee recruitment, engagement, productivity, retention, and career advancement.

We provide services primarily under multi-year contracts with employer-clients who offer early education and child care, back-up care, and educational advisory services as part of their employee benefits package. We are committed to providing the highest quality education and care across all of our offerings, underpinned by rigorous quality standards, research-informed practices and a focus on measurable outcomes for families and employers.

Last close 71.40 2026-10-23
Market cap $3.47B 2026-06-30 share count
52-week range 57.63 - 109.86

Valuation FY2025 figures against the last close

P/S1.2x
P/E21.3x
P/FCF13.4x
EV/EBITDA10.0x
Dividend yield—
Diluted EPS3.36

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • North America
  • Outside North America
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 North America, FY2025: 2.1B (71.3%) 71% North America Outside North America, FY2025: 842.7M (28.7%) 29% Outside North America FY2024 North America, FY2024: 1.9B (72.1%) 72% Outside North America, FY2024: 749.1M (27.9%) 28% FY2023 North America, FY2023: 1.8B (72.8%) 73% Outside North America, FY2023: 657.7M (27.2%) 27%
Region FY2025FY2024FY2023
North America $2.09B $1.94B $1.76B
Outside North America $842.7M $749.1M $657.7M

As the company reported it, from the “REVENUE RECOGNITION - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Full service center-based child care
  • Back-up care
  • Educational advisory services
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 Full service center-based child care, FY2025: 2.1B (70.9%) 71% Full service center-based child care Back-up care, FY2025: 728M (24.8%) 25% Back-up care Educational advisory services, FY2025: 124.5M (4.2%) 4% FY2024 Full service center-based child care, FY2024: 2B (73.0%) 73% Back-up care, FY2024: 610.1M (22.7%) 23% Educational advisory services, FY2024: 114.1M (4.2%) 4% FY2023 Full service center-based child care, FY2023: 1.8B (73.6%) 74% Back-up care, FY2023: 525.9M (21.7%) 22% Educational advisory services, FY2023: 111.7M (4.6%) 5%
Segment FY2025FY2024FY2023
Full service center-based child care $2.08B $1.96B $1.78B
Back-up care $728.0M $610.1M $525.9M
Educational advisory services $124.5M $114.1M $111.7M

As the company reported it, from the “SEGMENT AND GEOGRAPHIC INFORMATION - Revenue and Income (Loss) from Operations by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 $697.2M$619.6M$531.7M$478.7M$415.0M$304.5M$522.9M$473.3M$430.6M$390.8M
SG&A $376.4M$354.6M$327.1M$289.2M$256.8M$219.6M$221.5M$201.6M$188.9M$164.0M
Operating income $314.7M$246.6M$171.2M$157.6M$129.0M$53.3M$267.8M$239.1M$205.4M$197.2M
Interest expense $44.8M$48.8M$51.6M$39.5M$36.1M$37.7M$45.2M$47.5M$44.0M$42.9M
Pre-tax income $269.9M$197.9M$119.6M$112.2M$90.3M$15.7M$222.7M$191.6M$161.4M$143.2M
Income tax $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$74.2M$80.6M$70.5M$27.0M$180.4M$158.0M$157.0M$94.8M
EPS, basic 3.392.421.281.381.160.453.102.722.651.59
EPS, diluted 3.362.401.281.371.150.453.052.662.591.55
Shares, diluted (wtd. avg.) 57.4M58.5M57.9M58.5M60.9M60.3M58.9M59.0M60.3M60.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $140.1M$110.3M$71.6M$51.9M$265.3M$388.5M$31.2M$38.5M$36.6M$16.1M
Short-term investments $15.4M$11.7M$22.0M$17.7M$22.7M$21.5M$17.1M$0——
Receivables $294.0M$283.3M$281.7M$217.2M$211.0M$176.6M$148.9M$131.2M$117.1M$97.2M
Total current assets $504.0M$496.0M$446.9M$347.7M$540.3M$624.2M$228.9M$193.9M$192.5M$154.4M
Property, plant and equipment $574.2M$572.9M$579.3M$571.5M$598.1M$628.8M$636.2M$597.1M$575.2M$529.4M
Goodwill $1.82B$1.76B$1.79B$1.73B$1.48B$1.43B$1.41B$1.35B$1.31B$1.27B
Other intangibles $193.5M$197.6M$216.6M$245.6M$251.0M$274.6M$304.7M$323.0M$348.5M$374.6M
Total assets $3.89B$3.85B$3.90B$3.80B$3.64B$3.73B$3.33B$2.52B$2.47B$2.36B
Accounts payable $27.9M$32.8M$24.8M$24.6M$8.5M$30.0M$31.6M$35.9M$31.7M$26.2M
Short-term debt $0$28.5M$18.5M$16.0M$16.0M$10.8M$10.8M$10.8M$10.8M$10.8M
Total current liabilities $966.2M$779.4M$799.4M$786.3M$622.2M$530.8M$483.3M$483.8M$460.7M$387.6M
Long-term debt $747.6M$918.4M$944.3M$961.6M$976.4M$1.02B$1.03B$1.04B$1.05B$1.05B
Total liabilities $2.55B$2.57B$2.68B$2.72B$2.46B$2.44B$2.36B$1.74B$1.72B$1.67B
Retained earnings $959.1M$766.0M$625.8M$551.6M$471.0M$400.5M$373.5M$193.1M$35.1M-$121.8M
Total equity $1.34B$1.28B$1.21B$1.08B$1.18B$1.28B$971.3M$779.5M$749.1M$687.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $350.7M$337.5M$256.1M$188.5M$227.3M$209.6M$330.4M$294.7M$248.2M$213.2M
Depreciation and amortisation $93.4M$97.9M$110.7M$106.1M$108.8M$111.7M$108.3M$100.9M$94.8M$85.3M
Stock-based compensation $30.6M$33.6M$28.8M$28.1M$23.1M$21.0M$17.3M$13.8M$12.1M$11.6M
Capital expenditure $92.2M$97.3M$91.0M$70.6M$63.5M$84.7M$111.8M$92.5M$88.1M$75.3M
Investing cash flow -$103.8M-$117.8M-$126.9M-$278.0M-$117.4M-$83.8M-$189.1M-$158.5M-$105.3M-$302.8M
Financing cash flow -$233.4M-$183.8M-$91.6M-$121.3M-$230.0M$229.0M-$149.1M-$134.2M-$123.9M$93.8M
Buybacks $225.4M$84.6M$0$182.6M$213.8M$32.7M$31.6M$126.7M$162.2M$112.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-162582.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 1.6B Gross profit, FY2016: 390.8M Net income, FY2016: 94.8M Revenue, FY2017: 1.7B Gross profit, FY2017: 430.6M Net income, FY2017: 157M Revenue, FY2018: 1.9B Gross profit, FY2018: 473.3M Net income, FY2018: 158M Revenue, FY2019: 2.1B Gross profit, FY2019: 522.9M Net income, FY2019: 180.4M Revenue, FY2020: 1.5B Gross profit, FY2020: 304.5M Net income, FY2020: 27M Revenue, FY2021: 1.8B Gross profit, FY2021: 415M Net income, FY2021: 70.5M Revenue, FY2022: 2B Gross profit, FY2022: 478.7M Net income, FY2022: 80.6M Revenue, FY2023: 2.4B Gross profit, FY2023: 531.7M Net income, FY2023: 74.2M Revenue, FY2024: 2.7B Gross profit, FY2024: 619.6M Net income, FY2024: 140.2M Revenue, FY2025: 2.9B Gross profit, FY2025: 697.2M Net income, FY2025: 193.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.57B $1.74B $1.90B $2.06B $1.52B $1.76B $2.02B $2.42B $2.69B $2.93B
Gross profit $390.8M $430.6M $473.3M $522.9M $304.5M $415.0M $478.7M $531.7M $619.6M $697.2M
Net income $94.8M $157.0M $158.0M $180.4M $27.0M $70.5M $80.6M $74.2M $140.2M $193.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 8351

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