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Friday 6 November 2026 Export HQY’s income statement to Excel — free account

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.

Revenue
+7.64%
EPS
+14.5%
Free cash flow
−3.44%
Total debt
−7.53%

Quarter to July 2026, against a year earlier

103.64 0.18 +0.17%
Market cap
$8.6B
P/E
36.9×
Fwd P/E
34.8×
Dividend yield
—
F-score
9/9
Altman Z
4.39
Beneish M
−2.77
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

HealthEquity, Inc. (HQY) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, HealthEquity, Inc. (HQY) trades at a EV/EBITDA of 18.2×. Over the past ten years it has ranged from 14.6× (February 2026) to 69.9× (September 2018); the current reading is higher than 6% of that period. That is above the Health Information Services industry median of 13.4× and above the Healthcare sector median of 8.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2026 17.1× (46.24%)
FY2025 31.7× 24.82%
FY2024 25.4× (24.08%)
FY2023 33.5× (23.65%)
FY2022 43.9× (1.23%)
FY2021 44.4× 9.90%
FY2020 40.4× 10.92%
FY2019 36.4× (8.87%)
FY2018 40.0× (14.09%)
FY2017 46.5× 49.39%

Quarterly newest first

Period EV/EBITDA Change
Jul 2026 17.8× 16.23%
Apr 2026 15.3× (10.18%)
Jan 2026 17.1× (13.07%)
Oct 2025 19.6× (15.47%)
43 more quarters

Against its own ten years

Low 14.6× High 69.9×
Ten-year median 37.5×
Current reading's percentile 6

EV/EBITDA against peers

Company EV/EBITDA
TEM Tempus AI, Inc. compare n/m
HTFL Heartflow, Inc. compare n/m
SDGR Schrodinger, Inc. compare n/m
WAY Waystar Holding Corp. compare 15.0×
HQY HealthEquity, Inc. 18.2×
BTSG BrightSpring Health Services, Inc. compare 21.9×
DOCS Doximity, Inc. compare 24.0×
PRVA Privia Health Group, Inc. compare 41.1×
HNGE Hinge Health Inc. compare 54.5×
Health Information Services industry median 13.4×
Healthcare sector median 8.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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