HealthEquity, Inc.

HQY Healthcare Health Information Services

HealthEquity, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $1.3 billion, up 9.47% from fiscal 2025. In the quarter to July 2026, revenue grew 7.64%, EPS grew 14.5%, free cash flow fell 3.44% and total debt fell 7.53%, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for three.

92.03 0.48 −0.52%
Market cap
$7.7B
P/E
33.0×
Fwd P/E
30.2×
Dividend yield
—
F-score
9/9
Altman Z
4.39
Beneish M
−2.77
Dividend safety
n/a

An Income Statement, also known as a Profit and Loss Statement, summarizes a company's revenues, expenses, and profits over a specific period. It highlights how revenue is transformed into net income, showcasing operational efficiency. Key components include total revenue, cost of goods sold (COGS), gross profit, operating expenses, and net profit. Businesses use the Income Statement to assess financial performance, make strategic decisions, and ensure profitability. Investors and stakeholders analyze it to gauge the company’s financial health and future growth potential.

Jul '26 Apr '26 Jan '26 Oct '25 Older periods
Revenue
1,362.12 1,337.23 1,313.43 1,290.66

+8 more TTM periods

Cost of Revenue
391.65 392.11 400.31 416.65
Gross Profit
970.48 945.12 913.12 874.01
R&D Expenses
277.96 268.84 262.51 256.81
SG&A Expenses
229.79 221.62 215.17 209.78
Operating Income
351.41 342.33 322.46 293.54
Non-operating Income/Expense
(42.70) (43.44) (45.02) (47.04)
Non-operating Interest Expenses
52.51 54.86 57.13 59.12
EBT
308.71 298.89 277.43 246.49
Income Tax Provision
72.22 68.19 62.23 54.67
Income after Tax
236.49 230.70 215.20 191.83
Net Income Common
236.49 230.70 215.20 191.83
EPS (Basic)
2.79 2.69 2.49 2.21
EPS (Diluted)
2.77 2.67 2.46 2.18
Shares (Basic, Weighted)
84.98 85.77 86.33 86.52
Shares (Diluted, Weighted)
85.87 86.80 87.65 87.99
Gross Margin
71.25% 70.68% 69.52% 67.72%
EBIT Margin
25.80% 25.60% 24.55% 22.74%
EBT margin
22.66% 22.35% 21.12% 19.10%
Net Profit Margin
17.36% 17.25% 16.38% 14.86%
Free Cash Flow Margin
32.08% 33.00% 31.09% 28.10%
EBITDA
509.96 497.34 478.18 449.76
EBIT
351.41 342.33 322.46 293.54
EPS (Diluted, from Cont. Ops)
2.77 2.67 2.46 2.18
EPS (Diluted, Consolidated)
2.77 2.67 2.46 2.18
EPS (Basic, Consolidated)
2.79 2.70 2.50 2.22
Shares (Diluted, Average)
85.57 86.50 87.36 87.94
EPS (Basic, from Continuous Ops)
2.79 2.70 2.50 2.22
Income from Continuous Operations
236.49 230.70 215.20 191.83
Consolidated Net Income/Loss
236.49 230.70 215.20 191.83
EBITDA Margin
37.44% 37.19% 36.41% 34.85%
Operating Cash Flow Margin
35.99% 36.63% 34.80% 32.15%

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In millions of $ except per-share values · columns are period end dates