Q2 2026 Huron Consulting Group Inc Earnings Call Transcript
Key Points
- Huron Consulting Group Inc (HURN) achieved record revenues before reimbursable expenses (RBR) in Q2 2026, increasing 16% compared to Q2 2025.
- The company reported strong organic growth across all three operating segments, with healthcare segment RBR growing 17% year-over-year.
- AI is driving demand for Huron's digital services, with total bookings for digital capabilities increasing by more than 20% in the first half of 2026 compared to the same period in 2025.
- Huron's managed services in the healthcare segment grew 64% in Q2 2026 compared to Q2 2025, led by 43% organic growth.
- The company increased its full-year RBR and earnings guidance, reflecting confidence in ongoing market tailwinds and solid execution of its growth strategy.
- The healthcare provider market continues to face financial challenges, which could impact demand for Huron's services.
- The education segment faces significant market pressures, including declining enrollments and reduced research revenue.
- Huron's effective tax rate in Q2 2026 was 27.2%, higher than the statutory rate due to non-deductible expenses and unrecognized tax benefits.
- Corporate expenses not allocated at the segment level increased, reflecting higher compensation costs and software expenses.
- The commercial segment may face pressure in the back half of the year due to annualizing M&A activities and winding down distressed financial advisory projects.
Good afternoon and welcome to Huron Consulting Group's webcast to discuss financial results for the second quarter of 2026. (Operator Instructions) As a reminder, this conference call is being recorded.
Before we begin, I would like to point all of you to the disclosure at the end of the company's news release for information about any forward-looking statements that may be made or discussed on this call.
The news release is posted on Huron's website. Please review that information along with the filings with the SEC for a disclosure of factors that may impact subjects discussed in this afternoon's webcast.
The company will be discussing one or more non-GAAP financial measures. Please look at the earnings release and on Huron's website for all of the disclosures required by the SEC, including reconciliation to the most comparable GAAP numbers.
And now I would like to turn the call over to Mark Hussey, Chief Executive Officer and President of Huron Consulting Group. Mr. Hussey, please go ahead.
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