Huron Consulting Group posts record Q2 RBR $465.6M; net income $31.2M; raises 2026 guidance

Huron Consulting Group reported record second-quarter revenues before reimbursable expenses (RBR) of $465.6 million for the quarter ended June 30, 2026, up 15.7% year-over-year, and net income of $31.2 million, a 60.8% increase from Q2 2025. Adjusted diluted earnings per share rose to $2.46 for the quarter, and the company raised full-year 2026 RBR guidance to a range of $1.85 billion to $1.89 billion. Management cited strong organic growth across Consulting, Managed Services and Digital capabilities and expanded margins and cash flow as drivers of the results.

Financial Highlights

• Revenues before reimbursable expenses (RBR): $465.6 million in Q2 2026, up 15.7% from $402.5 million in Q2 2025.
• Operating income: $50.2 million for Q2 2026 (operating income for the six months ended June 30, 2026 was $86.8 million).
• Net income: $31.2 million in Q2 2026, versus $19.4 million in Q2 2025.
• Adjusted diluted earnings per share: $2.46 for Q2 2026, up from $1.89 in Q2 2025.
• Cash flow and returns: Net cash provided by operating activities of $120.5 million in Q2 2026 year-over-year (company returned $53.1 million to shareholders via share repurchases in Q2 2026).

Business Highlights

• Broad-based demand: Growth reflected strength across all three operating segments—Healthcare, Education and Commercial—and across Consulting and Managed Services and Digital capabilities.
• Segment performance: Healthcare RBR represented 50% of company RBR year-to-date; Education 29%; Commercial 21%.
• Headcount and capabilities: Total revenue-generating professionals rose to 9,248 as of June 30, 2026 (including Managed Services), up from 6,881 a year earlier; Consulting headcount increased to 2,198 and Managed Services professionals grew to 3,913, including ~1,100 added via the RelateCare acquisition.
• Utilization gains: Consulting utilization increased to 81.3% in Q2 2026 (from 77.0% a year earlier); Digital utilization increased to 81.8% (from 77.8%).
• Strategic recognition and market position: Company named one of India's Best Workplaces in Professional Services 2026 and recognized as a Strong Performer in Forrester Wave: Workday Services, Q2 2026.

Original SEC Filing:

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