Professional services firm Huron Consulting Group (NASDAQ: HURN) reported Q2 CY2026 results exceeding the market’s revenue expectations, with sales up 15.4% year on year to $475 million. The company’s full-year revenue guidance of $1.87 billion at the midpoint came in 2.4% above analysts’ estimates. Its non-GAAP profit of $2.46 per share was 13.2% above analysts’ consensus estimates.

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“Led by strong organic growth across all three segments, we achieved record revenues before reimbursable expenses (RBR) in the second quarter of 2026, reflecting a 16% increase compared to the second quarter of 2025, including record RBR across our Consulting and Managed Services and Digital capabilities,” said Mark Hussey, chief executive officer and president of Huron.

Company Overview

Founded in 2002 during a time of significant regulatory change in corporate America, Huron Consulting Group (NASDAQ: HURN) is a professional services company that helps organizations develop growth strategies, optimize operations, and implement digital transformation solutions.

Revenue Growth

Reviewing a company’s long-term sales performance reveals insights into its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years.

With $1.81 billion in revenue over the past 12 months, Huron is a mid-sized business services company, which sometimes brings disadvantages compared to larger competitors benefiting from better economies of scale. On the bright side, it can still flex high growth rates because it’s working from a smaller revenue base.

As you can see below, Huron grew its sales at an incredible 16.4% compounded annual growth rate over the last five years. This is a great starting point for our analysis because it shows Huron’s demand was higher than many business services companies.

Long-term growth is the most important, but within business services, a half-decade historical view may miss new innovations or demand cycles. Huron’s annualized revenue growth of 11.3% over the last two years is below its five-year trend, but we still think the results suggest healthy demand.

This quarter, Huron reported year-on-year revenue growth of 15.4%, and its $475 million of revenue exceeded Wall Street’s estimates by 3.2%.

Looking ahead, sell-side analysts expect revenue to grow 7.9% over the next 12 months, a deceleration versus the last two years. Despite the slowdown, this projection is commendable and indicates the market is baking in success for its products and services.

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Adjusted Operating Margin

Huron was profitable over the last five years but held back by its large cost base. Its average adjusted operating margin of 9.7% was weak for a business services business.

On the plus side, Huron’s adjusted operating margin rose by 3.9 percentage points over the last five years, as its sales growth gave it operating leverage.

In Q2, Huron generated an adjusted operating margin profit margin of 13.3%, up 2.2 percentage points year on year. This increase was a welcome development and shows it was more efficient.

Earnings Per Share

Revenue trends explain a company’s historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth — for example, a company could inflate its sales through excessive spending on advertising and promotions.

Huron’s EPS grew at 32.4% compounded annual growth rate over the last five years, higher than its 16.4% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded.

Diving into the nuances of Huron’s earnings can give us a better understanding of its performance. As we mentioned earlier, Huron’s adjusted operating margin expanded by 3.9 percentage points over the last five years. On top of that, its share count shrank by 25.1%. These are positive signs for shareholders because improving profitability and share buybacks turbocharge EPS growth relative to revenue growth.

Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business.

For Huron, its two-year annual EPS growth of 23% was lower than its five-year trend. We still think its growth was good and hope it can accelerate in the future.

In Q2, Huron reported adjusted EPS of $2.46, up from $1.89 in the same quarter last year. This print easily cleared analysts’ estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Huron’s full-year EPS to grow 11.1% from $8.46 to $9.40.

Key Takeaways from Huron’s Q2 Results

It was good to see Huron beat analysts’ EPS expectations this quarter. We were also glad its full-year EPS guidance outperformed Wall Street’s estimates. Zooming out, we think this was a solid print. The stock remained flat at $121.43 immediately following the results.

Is Huron an attractive investment opportunity at the current price? When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here (it’s free).