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

103.04 0.42 −0.41%
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

HealthEquity, Inc. (HQY) Net margin

Alert me on Net margin

HealthEquity, Inc.'s net margin over the twelve months to 31 July 2026 was 17.4%, up 1.0 percentage points from fiscal 2026 (16.4%). Over the past ten years it has ranged from −5.85% (fiscal 2022) to 25.7% (fiscal 2019); the current reading is higher than 83% of that period. That is above the Health Information Services industry median of −16.1% and above the Healthcare sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2026 16.4% 8.32
FY2025 8.06% 2.49
FY2024 5.57% 8.60
FY2023 −3.03% 2.82
FY2022 −5.85% (7.05)
FY2021 1.20% (6.26)
FY2020 7.46% (18.27)
FY2019 25.7% 5.10
FY2018 20.6% 5.84
FY2017 14.8% 1.69

Quarterly newest first

Period Net margin Change (points)
Jul 2026 18.7% (0.85)
Apr 2026 19.6% 4.70
Jan 2026 14.9% (1.18)
Oct 2025 16.1% (2.32)
43 more quarters

Against its own ten years

Low −5.85% High 25.7%
Ten-year median 10.6%
Current reading's percentile 79

Net margin against peers

Company Net margin
DOCS Doximity, Inc. compare 21.1%
HQY HealthEquity, Inc. 17.4%
HNGE Hinge Health Inc. compare 14.9%
WAY Waystar Holding Corp. compare 10.7%
BTSG BrightSpring Health Services, Inc. compare 2.69%
PRVA Privia Health Group, Inc. compare 1.43%
TEM Tempus AI, Inc. compare −12.5%
SDGR Schrodinger, Inc. compare −22.0%
HTFL Heartflow, Inc. compare −55.8%
Health Information Services industry median −16.1%
Healthcare sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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