Healthequity Inc (HQY) financials
Healthequity revenue and earnings by year
Healthequity's revenue was $1.31 billion in the fiscal year to January 31, 2026, up 9.5% from the year before. Net income was $215 million, 16.4% of revenue. Since the fiscal year to January 31, 2017, revenue has grown 24.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.31 | 1.20 | 1.00 | 0.86 | 0.76 | 0.73 | 0.53 | 0.29 | 0.23 | 0.18 |
| Revenue growth | 9.5% | 20.0% | 16.0% | 13.9% | 3.1% | 37.9% | 85.2% | 25.1% | 28.7% | — |
| Gross profit | 0.91 | 0.78 | 0.62 | 0.49 | 0.42 | 0.42 | 0.33 | 0.18 | 0.13 | 0.11 |
| Gross margin | 69.5% | 64.8% | 62.3% | 57.1% | 56.1% | 56.6% | 61.3% | 63.1% | 58.8% | 59.6% |
| Operating income | 0.32 | 0.16 | 0.12 | 0.01 | -0.02 | 0.03 | 0.08 | 0.08 | 0.05 | 0.04 |
| Operating margin | 24.6% | 13.5% | 11.8% | 1.1% | -3.2% | 4.6% | 14.5% | 27.0% | 23.7% | 23.1% |
| Net income | 0.22 | 0.10 | 0.06 | -0.03 | -0.04 | 0.01 | 0.04 | 0.07 | 0.05 | 0.03 |
| Net margin | 16.4% | 8.1% | 5.6% | -3.0% | -5.9% | 1.2% | 7.5% | 25.7% | 20.6% | 14.8% |
| Diluted EPS | $2.46 | $1.09 | $0.64 | -$0.31 | -$0.53 | $0.12 | $0.65 | $1.18 | $0.76 | $0.45 |
| Free cash flow | 0.41 | 0.29 | 0.20 | 0.10 | 0.07 | 0.12 | 0.07 | 0.10 | 0.07 | 0.03 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open HQY in Markets.
How Healthequity makes money
Revenue by segment in the quarter to July 31, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Financial Service Other | $176M | 50.2% |
| Services | $124M | 35.5% |
| Credit & Debit Card | $50.4M | 14.4% |
See also: HQY valuation and P/E history · HQY returns
No forecast, no recommendation. This page describes Healthequity Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.