BRIGHT HORIZONS FAMILY SOLUTIONS INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.93B | $2.69B | $2.42B | $2.02B | $1.76B | $1.52B | $2.06B | $1.90B |
| Cost of Revenue | $2.24B | $2.07B | $1.89B | $1.54B | $1.34B | $1.21B | $1.54B | $1.43B |
| Gross Profit | $697.2M | $619.6M | $531.7M | $478.7M | $415.0M | $304.5M | $522.9M | $473.3M |
| Gross Margin | 23.8% | 23.1% | 22.0% | 23.7% | 23.6% | 20.1% | 25.4% | 24.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $376.4M | $354.6M | $327.1M | $289.2M | $256.8M | $219.6M | $221.5M | $201.6M |
| Operating Income | $314.7M | $246.6M | $171.2M | $157.6M | $129.0M | $53.3M | $267.8M | $239.1M |
| Operating Margin | 10.7% | 9.2% | 7.1% | 7.8% | 7.4% | 3.5% | 13.0% | 12.6% |
| Interest Expense | — | — | — | — | — | — | — | $47.5M |
| Pretax Income | $269.9M | $197.9M | $119.6M | $112.2M | $90.3M | $15.7M | $222.7M | $191.6M |
| Income Tax Expense | $76.8M | $57.7M | $45.4M | $31.5M | $19.9M | $-11.3M | $42.3M | $33.6M |
| Net Income | $193.1M | $140.2M | $74.2M | $80.6M | $70.5M | $27.0M | $180.4M | $158.0M |
| Net Margin | 6.6% | 5.2% | 3.1% | 4.0% | 4.0% | 1.8% | 8.7% | 8.3% |
| EPS (Basic) | $3.39 | $2.42 | $1.28 | $1.38 | $1.16 | $0.45 | $3.10 | $2.72 |
| EPS (Diluted) | $3.36 | $2.40 | $1.28 | $1.37 | $1.15 | $0.45 | $3.05 | $2.66 |
| Shares Outstanding (Basic) | 56.9M | 57.9M | 57.7M | 58.3M | 60.3M | 59.5M | 57.8M | 57.8M |
| Shares Outstanding (Diluted) | 57.4M | 58.5M | 57.9M | 58.5M | 60.9M | 60.3M | 58.9M | 59.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |