EarningsQ2 2026 Earnings Report
DE:HUR Q2 2026 EPS Results
Actual EPS€2.20
Consensus EPS€1.94
Beat/MissBeat by +€0.26
One Year Ago EPS€1.69
DE:HUR Q2 2026 Revenue Results
Actual Revenue€423.93M
Expected Revenue€400.67M
Beat/MissBeat by +€23.26M
YoY Revenue Growth+15.37%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeAfter Close
Conference CallTuesday, July 28, 2026
DE:HUR Upcoming Earnings
Huron Consulting's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:HUR Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong positive operational and financial momentum: record RBR, robust organic growth, significant adjusted EPS growth (+30% adjusted EPS YoY), margin expansion, strong free cash flow, raised guidance, and accelerating AI-driven digital bookings and managed services. Areas of caution include higher unallocated corporate expenses, a less favorable effective tax rate, leverage that remains above the target range (though improving), and near-term capacity/hiring needs driven by elevated utilization. On balance the positives materially outweigh the challenges.Company Guidance
Record RBR and Revenue Growth
Record revenues before reimbursable expenses (RBR) of $465.6M in Q2 2026, up 15.7% year-over-year (from $402.5M) with 10.8% organic RBR growth in the quarter.
Raised Full-Year Guidance
Updated full-year RBR guidance increased and narrowed to $1.85B–$1.89B, representing ~12% growth at the midpoint versus 2025; adjusted non-GAAP EPS guidance increased to $9.00–$9.40, ~17% growth at the midpoint.
Margin Expansion and Profitability
Adjusted EBITDA of $72.6M in Q2 2026 (15.6% of RBR) vs $60.6M (15.1% of RBR) in Q2 2025, reflecting continued margin expansion; adjusted net income (adjusted EPS) of $40.2M or $2.46 per diluted share, up 30.2% year-over-year.
Strong Net Income and EPS
GAAP net income of $31.2M or $1.91 per diluted share in Q2 2026 versus $19.4M or $1.09 in Q2 2025; net income margin increased to 6.6% from 4.7%.
Robust Free Cash Flow and Cash From Ops
Operating cash flow of $120.5M and free cash flow of $111.3M in Q2 2026 versus operating cash flow of $80.1M in prior-year quarter; full-year free cash flow guidance $180M–$220M, midpoint implying ~ $12 free cash flow per share.
Bookings and Digital Momentum
First-half digital bookings increased >20% year-over-year; digital capability RBR grew 9% in Q2 2026 (year-over-year and sequential); >60% of digital bookings in H1 2026 included direct AI scope or AI-enabled delivery (up from ~35% in H1 2025).
Managed Services Acceleration
Healthcare managed services RBR grew 64% in Q2 2026 vs Q2 2025, including 43% organic growth; strong client retention and outcomes-based pricing driving recurring revenue and higher margins.
Segment Performance — Healthcare, Education, Commercial
Healthcare RBR $232.3M, up 17.4% YoY (50% of company RBR); Education RBR $139.4M, up 7.8% YoY (30% of company RBR) with operating margin improvement to 26.8% from 25%; Commercial RBR $94.0M, up 24.6% YoY (12.2% organic excluding acquisitions) with operating margin improvement to 21% from 16.6%.
Accretive M&A and Strategic Additions
Acquisition of RelateCare expected to add ~ $30M of RBR in 2026 and be accretive to 2026 adjusted EPS by approximately $0.10; acquisitions also contributed incremental RBR in the quarter from Treliant, Wilson Perumal, Eclipse Insights and Axiom.
Capital Allocation and Share Repurchases
Q2 2026 share repurchases of ~$53.1M (~438k shares); YTD repurchases ~$208.6M (~1.6M shares, ~9% of outstanding shares at the start of the year); net debt decreased sequentially and leverage improved to 2.8x adjusted EBITDA from 3.1x at Q1.
DE:HUR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed