HealthEquity, Inc (HQY) Financials
Key financial figures for HealthEquity, Inc (Q2 2027).
HealthEquity beats with 8% revenue growth, raises FY2027 guidance as Adjusted EBITDA margin hits 48%. Revenue rose 8% YoY to $350.7 million (service $124.4M, custodial $175.9M, interchange $50.4M). Net income was $65.6 million, or $0.78 per diluted share (+15% YoY); non-GAAP net income was $103.8 million, or $1.24 per diluted share (+15% YoY). Adjusted EBITDA rose 11% to $167.0 million, with margin expanding to 48% of revenue from 46% a year ago. HSAs custodied reached 10.7 million (+8% YoY), including 0.9 million with investments (+20% YoY); Total HSA Assets grew 14% to $37.9 billion ($17.4B cash, $20.6B investments). On the outlook: Raised FY2027 (ending January 31, 2027) guidance: revenue of $1.411 billion to $1.421 billion, net income of $242 million to $248 million ($2.88 to $2.96 diluted EPS), non-GAAP net income of $392 million to $398 million ($4.66 to $4.73 per diluted share), and Adjusted EBITDA of $628 million to $636 million. Figures are for Q2 FY2027, as HealthEquity, Inc. reported them.
- Revenue
- $351M
- Net Income
- $66M
- EPS
- $0.79
- Total Assets
- $3.3B
- Operating Cash Flow
- $136M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2027 | $351M | $66M | $0.78 | 28.14% | $135M |
| Q1 FY2027 | $355M | $69M | $0.82 | 29.03% | $97M |
| Q4 FY2026 | $335M | $50M | $0.58 | 20.14% | $102M |
| Q3 FY2026 | $322M | $52M | $0.59 | 24.79% | $138M |
| Q2 FY2026 | $326M | $60M | $0.68 | 27.89% |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2026 | $1.3B | $215M | $2.46 | 24.55% | $455M |
| FY2025 | $1.2B | $97M | $1.09 | 19.18% | $338M |
| FY2024 | $1000M | $56M | $0.64 | 12.82% | $197M |
Frequently asked questions
What was HealthEquity, Inc.'s revenue last quarter?
HealthEquity, Inc. reported revenue of $350.7 million for Q2 FY2027, up 7.6% from the same period a year earlier.
Is HealthEquity, Inc. profitable?
Yes. HealthEquity, Inc. reported net income of $65.6 million for Q2 FY2027, a net margin of 18.72% on revenue.
How has HealthEquity, Inc.'s margin trended?
Operating margin was 28.14% in Q2 FY2027, compared with 27.89% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did HealthEquity, Inc. generate?
HealthEquity, Inc. generated free cash flow of $135.2 million in Q2 FY2027, after capital expenditure.
Full income statement, balance sheet and cash flow for HealthEquity, Inc on SentiSense, with up to forty quarters and twenty fiscal years of history.