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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
37.1×
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) P/S ratio

Alert me on P/S ratio

As of 6 November 2026, HealthEquity, Inc. (HQY) trades at a P/S ratio of 6.3×. Over the past ten years it has ranged from 4.5× (December 2021) to 23.3× (September 2018); the current reading is higher than 25% of that period. That is above the Health Information Services industry median of 1.8× and above the Healthcare sector median of 3.5×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2026 5.7× (28.58%)
FY2025 8.0× 23.58%
FY2024 6.5× 8.50%
FY2023 6.0× 1.54%
FY2022 5.9× (30.80%)
FY2021 8.5× 1.95%
FY2020 8.3× (37.98%)
FY2019 13.4× 0.91%
FY2018 13.3× (12.49%)
FY2017 15.2× 59.73%

Quarterly newest first

Period P/S ratio Change
Jul 2026 6.2× 18.93%
Apr 2026 5.2× (9.31%)
Jan 2026 5.7× (9.39%)
Oct 2025 6.3× (4.75%)
43 more quarters

Against its own ten years

Low 4.5× High 23.3×
Ten-year median 7.6×
Current reading's percentile 26

P/S ratio against peers

Company P/S ratio
BTSG BrightSpring Health Services, Inc. compare 0.9×
PRVA Privia Health Group, Inc. compare 1.2×
WAY Waystar Holding Corp. compare 4.4×
HQY HealthEquity, Inc. 6.3×
SDGR Schrodinger, Inc. compare 8.1×
TEM Tempus AI, Inc. compare 8.5×
DOCS Doximity, Inc. compare 9.0×
HNGE Hinge Health Inc. compare 12.7×
HTFL Heartflow, Inc. compare 21.3×
Health Information Services industry median 1.8×
Healthcare sector median 3.5×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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