Healthequity, Inc. (HQY) Financial Statements
Industry: Business Services (Other) (Services)
In fiscal 2026, Healthequity reported revenue of $1.31B, up 9.5% from $1.20B the year before. Net income was $215.2M (a 16.4% net margin), or $2.46 per diluted share. Gross margin was 69.5% and operating margin was 24.6%. Operating activities generated $457.1M of cash, leaving $455.1M of free cash flow. At fiscal year end, Healthequity held $3.38B in total assets against $1.27B in total liabilities, including $318.9M of cash and equivalents.
Open the full interactive Healthequity financials → Quarterly statements, key ratios, valuation history and price charts.
Healthequity Key Stats
| Share Price | $90.19 |
|---|---|
| Market Cap | $7.58B |
| P/E Ratio | 36.7 |
| Revenue YoY Growth | +9.5% |
| 52-Week Range | $73.21 – $106.79 |
| Shares Outstanding | 83.4 million (basic, 2027 Q2) |
Healthequity Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $733.6M | $756.6M | $861.7M | $999.6M | $1.20B | $1.31B |
| Cost of Goods Sold | $318.2M | $332.9M | $371.7M | $376.9M | $422.5M | $400.3M |
| Gross Profit | $415.3M | $423.7M | $490.1M | $622.6M | $777.3M | $913.1M |
| Operating Income | $34.0M | -$24.2M | $9.1M | $117.7M | $162.3M | $322.5M |
| Pre-Tax Income | $4.1M | -$66.7M | -$38.1M | $75.0M | $116.0M | $277.4M |
| Income Tax | -$4.7M | -$22.5M | -$12.0M | $19.3M | $19.3M | $62.2M |
| Net Income | $8.8M | -$44.3M | -$26.1M | $55.7M | $96.7M | $215.2M |
| Diluted EPS | $0.12 | -$0.53 | -$0.31 | $0.64 | $1.09 | $2.46 |
Healthequity Quarterly Results
| 2026 Q3 | 2026 Q4 | 2027 Q1 | 2027 Q2 | |
|---|---|---|---|---|
| Revenue | $322.2M | $334.6M | $354.6M | $350.7M |
| Net Income | $51.7M | $49.7M | $69.4M | $65.6M |
| Diluted EPS | $0.59 | $0.57 | $0.82 | $0.78 |
Healthequity Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $328.8M | $225.4M | $254.3M | $404.0M | $295.9M | $318.9M |
| Current Assets | $460.2M | $351.3M | $382.9M | $557.4M | $477.7M | $512.3M |
| Total Assets | $2.71B | $3.11B | $3.09B | $3.16B | $3.45B | $3.38B |
| Current Liabilities | $204.7M | $153.2M | $131.1M | $117.1M | $156.3M | $156.8M |
| Total Long-Term Debt | $986.7M | $930.8M | $925.3M | $875.0M | $1.06B | $957.4M |
| Total Liabilities | $1.33B | $1.25B | $1.19B | $1.13B | $1.33B | $1.27B |
| Shareholders' Equity | $1.38B | $1.85B | $1.90B | $2.04B | $2.11B | $2.11B |
Healthequity Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $181.6M | $141.0M | $150.7M | $242.8M | $339.9M | $457.1M |
| Cash From Investing | -$97.0M | -$639.2M | -$119.1M | -$46.1M | -$505.5M | -$47.1M |
| Cash From Financing | $52.4M | $394.9M | -$2.7M | -$47.0M | $57.6M | -$387.0M |
| Free Cash Flow | $168.5M | $132.1M | $147.3M | $241.1M | $337.8M | $455.1M |
Figures from Healthequity's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Healthequity financials page for every line item.
Healthequity Company Profile
| Ticker | HQY |
|---|---|
| Exchange | Nasdaq |
| Industry | Business Services (Other) (Services) |
| Headquarters | Draper, Utah |
| Incorporated in | Delaware |
| Fiscal Year End | January 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001428336 |
Frequently Asked Questions
What was Healthequity's revenue in fiscal 2026?
Healthequity (HQY) reported revenue of $1.31B for fiscal 2026.
What is Healthequity's annual revenue history?
Healthequity's annual revenue by fiscal year: 2021: $733.6M; 2022: $756.6M; 2023: $861.7M; 2024: $999.6M; 2025: $1.20B; 2026: $1.31B.
What was Healthequity's net income in fiscal 2026?
Healthequity reported net income of $215.2M for fiscal 2026.
What was Healthequity's earnings per share (EPS) in fiscal 2026?
Healthequity's diluted EPS was $2.46 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Healthequity generate in fiscal 2026?
Healthequity generated $455.1M of free cash flow in fiscal 2026.
What was Healthequity's revenue last quarter?
In its most recent reported quarter (2027 Q2), Healthequity reported revenue of $350.7M.
How much debt does Healthequity have?
Healthequity reported $957.4M of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Healthequity are outstanding?
Healthequity reported a weighted average of 83.4 million basic shares outstanding in 2027 Q2.
What is Healthequity's market cap?
Based on its latest closing price, Healthequity (HQY) has a market capitalization of about $7.58B.
When does Healthequity's fiscal year end?
Healthequity's fiscal year end, as registered with the SEC, is January 31.
Where is Healthequity headquartered?
Healthequity lists its business address in Draper, Utah in its SEC filings.