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Saturday 17 October 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. 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
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

HealthEquity, Inc. (HQY) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, HealthEquity, Inc. (HQY) trades at a P/E ratio of 33.0×. Over the past ten years it has ranged from 0.0× (July 2023) to 7,417× (August 2021); the current reading is higher than 20% of that period. That is below the Health Information Services industry median of 39.8× and above the Healthcare sector median of 23.0×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2026 35.0× (64.85%)
FY2025 99.5× (14.45%)
FY2024 116× —
FY2023 0.0× —
FY2022 0.0× —
FY2021 711× 620.70%
FY2020 98.6× 88.21%
FY2019 52.4× (19.28%)
FY2018 64.9× (36.86%)
FY2017 103× 40.13%

Quarterly newest first

Period P/E ratio Change
Jul 2026 36.1× 18.25%
Apr 2026 30.5× (12.79%)
Jan 2026 35.0× (18.29%)
Oct 2025 42.8× (25.88%)
43 more quarters

Against its own ten years

Low 0.0× High 7,417×
Ten-year median 73.2×
Current reading's percentile 4

P/E ratio against peers

Company P/E ratio
TEM Tempus AI, Inc. compare n/m
HTFL Heartflow, Inc. compare n/m
TXG 10x Genomics compare n/m
HQY HealthEquity, Inc. 33.0×
BTSG BrightSpring Health Services, Inc. compare 34.0×
DOCS Doximity, Inc. compare 34.8×
WAY Waystar Holding Corp. compare 38.0×
HNGE Hinge Health Inc. compare 73.5×
PRVA Privia Health Group, Inc. compare 102×
Health Information Services industry median 39.8×
Healthcare sector median 23.0×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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