HealthEquity, Inc. (HQY)
NASDAQ: HQY · Real-Time Price · USD
94.32
+1.66 (1.79%)
Sep 10, 2026, 12:29 PM EDT - Market open

HealthEquity Financials Overview

Millions USD. Fiscal year is Feb - Jan.

Revenue & Profits

Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJul '26 Jan '26 Jan '25 Jan '24 Jan '23 Jan '22
Revenue
1,3621,3131,200999.59861.75756.56
Revenue Growth
7.34%9.47%20.03%16.00%13.90%3.13%
Gross Profit
970.48913.12777.26622.64491.94424.77
Operating Income
355.98327.48202.87128.1337.6540.57
Net Income
236.49215.296.755.71-26.14-44.29
Earnings Per Share
2.762.461.090.64-0.31-0.53
EPS Growth
67.87%125.69%70.31%---

Revenue by Segment

Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJul '26 Jan '26 Jan '25 Jan '24 Jan '23 Jan '22
Service
494.74485.02478.32455.69452.03443.61
Custodial
670.74636.8545.41386.59261.28186.12
Interchange
196.64191.61176.04157.3148.44126.83
Revenue (Total)
1,3621,3131,200999.59861.75756.56

Cash & Debt

Fiscal YearCurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJul '26 Jan '26 Jan '25 Jan '24 Jan '23 Jan '22
Cash & Investments
256318.93295.95403.98254.27225.41
Total Debt
971.021,0011,109933.14994.491,008
Net Cash (Debt)
-715.01-682.55-812.57-529.16-740.22-782.82
Net Cash Growth
------
Net Cash Per Share
-8.34-7.80-9.15-6.09-8.77-9.42

Cash Flow & CapEx

Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJul '26 Jan '26 Jan '25 Jan '24 Jan '23 Jan '22
Operating Cash Flow
490.18457.09339.86242.83150.65141
Capital Expenditures
-2.45-1.97-2.08-1.69-3.37-8.91
Free Cash Flow
487.73455.13337.77241.13147.28132.09
Free Cash Flow Growth
33.47%34.74%40.08%63.73%11.50%-21.62%

Margins

Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJul '26 Jan '26 Jan '25 Jan '24 Jan '23 Jan '22
Gross Margin
71.25%69.52%64.78%62.29%57.09%56.15%
Operating Margin
26.13%24.93%16.91%12.82%4.37%5.36%
Pretax Margin
22.66%21.12%9.67%7.51%-4.42%-8.82%
Profit Margin
17.36%16.38%8.06%5.57%-3.03%-5.85%
FCF Margin
35.81%34.65%28.15%24.12%17.09%17.46%

Valuation

Fiscal YearCurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Jan '26 Jan '25 Jan '24 Jan '23 Jan '22
PE Ratio
34.0634.0198.96116.40--
Forward PE
18.6019.7531.7028.5536.7640.27
P/FCF Ratio
15.7116.0828.3326.8934.9733.82
PS Ratio
5.635.577.986.495.985.91