Bright Horizons Family Solutions

Q3 FY2026 EarningsQ3 FY26 results were mixed, with revenue of $841.5M slightly missing the $843.1M consensus, while Adjusted EPS of $1.80 beat the $1.76 expectation. A massive $290M non-cash goodwill impairment related to Australian operations led to a GAAP net loss of $230.7M, significantly below the $84.2M profit expected. Back-up care remains the primary growth engine, with revenue up 13% YoY, offsetting persistent headwinds in the full-service child care segment, which was further impacted by a $23.4M incremental general liability reserve.