HealthEquity, Inc. (HQY)
NASDAQ: HQY · Real-Time Price · USD
100.99
-3.14 (-3.02%)
Jul 30, 2026, 4:00 PM EDT - Market closed

HealthEquity Financials Overview

Millions USD. Fiscal year is Feb - Jan.

Revenue & Profits

Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingApr '26 Jan '26 Jan '25 Jan '24 Jan '23 Jan '22
Revenue
1,3371,3131,200999.59861.75756.56
Revenue Growth
7.58%9.47%20.03%16.00%13.90%3.13%
Gross Profit
945.12913.12777.26622.64491.94424.77
Operating Income
342.33322.46162.33117.79.06-24.24
Net Income
111.55215.296.755.71-26.14-44.29
Earnings Per Share
2.672.461.090.64-0.31-0.53
EPS Growth
94.89%125.69%70.31%---

Revenue by Segment

Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingApr '26 Jan '26 Jan '25 Jan '24 Jan '23 Jan '22
Service
488.17485.02478.32455.69452.03443.61
Custodial
654.68636.8545.41386.59261.28186.12
Interchange
194.38191.61176.04157.3148.44126.83
Revenue (Total)
1,3371,3131,200999.59861.75756.56

Cash & Debt

Fiscal YearCurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingApr '26 Jan '26 Jan '25 Jan '24 Jan '23 Jan '22
Cash & Investments
265.37318.93295.95403.98254.27225.41
Total Debt
984.681,0011,109933.14994.491,008
Net Cash (Debt)
-719.31-682.55-812.57-529.16-740.22-782.82
Net Cash Growth
------
Net Cash Per Share
-8.32-7.80-9.15-6.09-8.77-9.42

Cash Flow & CapEx

Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingApr '26 Jan '26 Jan '25 Jan '24 Jan '23 Jan '22
Operating Cash Flow
489.88457.09339.86242.83150.65141
Capital Expenditures
-2.25-1.97-2.08-1.69-3.37-8.91
Free Cash Flow
487.64455.13337.77241.13147.28132.09
Free Cash Flow Growth
44.39%34.74%40.08%63.73%11.50%-21.62%

Margins

Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingApr '26 Jan '26 Jan '25 Jan '24 Jan '23 Jan '22
Gross Margin
70.68%69.52%64.78%62.29%57.09%56.14%
Operating Margin
25.60%24.55%13.53%11.77%1.05%-3.20%
Pretax Margin
22.35%21.12%9.67%7.51%-4.42%-8.82%
Profit Margin
8.34%16.38%8.06%5.57%-3.03%-5.85%
FCF Margin
36.47%34.65%28.15%24.12%17.09%17.46%

Valuation

Fiscal YearCurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJul '26 Jan '26 Jan '25 Jan '24 Jan '23 Jan '22
PE Ratio
37.8834.83101.30118.09--
Forward PE
20.7019.7531.7028.5536.7640.27
P/FCF Ratio
17.3116.0028.2927.0035.0233.90
PS Ratio
6.315.547.966.515.985.92