H

    HealthEquity Inc (HQY)

    Official site

    HEALTHCARE • HEALTH INFORMATION SERVICES • NASDAQ

    $96.54
    +0.17 (+0.18%)

    Market Cap: $7.97B

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    93%(37/40)
    Avg Surprise
    +14.89%
    Streak
    6 Q

    Upcoming Estimates

    Oct 31, 2026
    EPS Consensus$1.15
    Range$1.11 - $1.20
    14 analysts
    EPS RevisionsNo revisions (7d)
    1
    2
    30d
    EPS Estimate Drift
    90d ago$1.16+1.0%
    60d ago$1.16+0.5%
    30d ago$1.15+0.0%
    7d ago$1.15+0.0%
    Current$1.15
    Revenue Consensus
    $347M
    Range$343M - $349M
    14 analysts
    Jan 31, 2027
    EPS Consensus$1.26
    Range$1.20 - $1.37
    14 analysts
    Revenue Consensus
    $367M
    Range$362M - $372M
    14 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Jan 27EST
    		-$1.26---
    Oct 26EST
    		-$1.15---
    Jul 26
    		$1.04$0.99+5.05%Beat-3.7%
    Apr 26
    		$1.07$0.94+13.83%Beat+10.3%
    Jan 26
    		$0.95$0.90+5.77%Beat+37.7%
    Oct 25
    		$1.01$0.91+10.99%Beat+29.5%
    Jul 25
    		$1.08$0.92+17.39%Beat+25.6%
    Apr 25
    		$0.97$0.81+19.75%Beat+21.2%
    Jan 25
    		$0.69$0.72-4.17%Miss+9.5%
    Oct 24
    		$0.78$0.72+8.33%Beat+30.0%
    Jul 24
    		$0.86$0.70+22.86%Beat+62.3%
    Apr 24
    		$0.80$0.65+23.08%Beat+60.0%
    Jan 24
    		$0.63$0.56+12.50%Beat+70.3%
    Oct 23
    		$0.60$0.50+20.00%Beat+57.9%
    Jul 23
    		$0.53$0.48+10.42%Beat+60.6%
    Apr 23
    		$0.50$0.41+21.95%Beat+85.2%
    Jan 23
    		$0.37$0.35+5.71%Beat+85.0%
    Oct 22
    		$0.38$0.35+8.57%Beat+8.6%
    Jul 22
    		$0.33$0.33+0.00%Beat-17.5%
    Apr 22
    		$0.27$0.26+3.85%Beat-28.9%
    Jan 22
    		$0.20$0.22-9.09%Miss-52.4%
    Oct 21
    		$0.35$0.35+0.00%Beat-14.6%
    Jul 21
    		$0.40$0.36+11.11%Beat-4.8%
    Apr 21
    		$0.38$0.32+18.75%Beat-11.6%
    Jan 21
    		$0.42$0.40+5.00%Beat+7.7%
    Oct 20
    		$0.41$0.36+13.89%Beat-12.8%
    Jul 20
    		$0.42$0.28+50.00%Beat-6.7%
    Apr 20
    		$0.43$0.44-2.27%Miss+4.9%
    Jan 20
    		$0.39$0.36+8.33%Beat+44.4%
    Oct 19
    		$0.47$0.23+104.35%Beat+67.9%
    Jul 19
    		$0.45$0.35+28.57%Beat+32.4%
    Apr 19
    		$0.41$0.34+20.59%Beat+32.3%
    Jan 19
    		$0.27$0.22+22.73%Beat+145.5%
    Oct 18
    		$0.28$0.25+12.00%Beat+64.7%
    Jul 18
    		$0.34$0.28+21.43%Beat+61.9%
    Apr 18
    		$0.31$0.28+10.71%Beat+63.2%
    Jan 18
    		$0.11$0.09+22.22%Beat+22.2%
    Oct 17
    		$0.17$0.16+6.25%Beat+41.7%
    Jul 17
    		$0.21$0.18+16.67%Beat-
    Apr 17
    		$0.19$0.19+0.00%Beat-
    Jan 17
    		$0.09$0.07+28.57%Beat-
    Oct 16
    		$0.12$0.12+0.00%Beat-

    Key Metrics

    Valuation
    P/E Ratio23.72EV/EBITDA16.27x
    Price/FCF18.42xFCF Yield5.43%
    Profitability
    Profit Margin17.40%Operating Margin28.40%
    ROE11.40%ROIC9.47%
    Financial Health
    Debt/Equity0.47xInterest Coverage6.88x
    Current Ratio2.99xQuick Ratio2.99x
    Trading Statistics
    Beta0.23Avg Volume867.08K
    52-Week High$107.6252-Week Low$72.76

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$101.79
    SMA 20$103.29
    SMA 50$98.18
    SMA 200$89.44
    EMA 10$100.52
    EMA 20$101.36
    EMA 50$98.42
    EMA 200$92.11

    MACD

    Line: -0.11Signal: 1.34Hist: -1.45

    ADX

    ADX: 36.0+DI: 14.0-DI: 33.4

    Aroon & PSAR

    Aroon Up40.0
    Aroon Down92.0
    PSAR$105.30

    Bollinger Bands

    Upper Band$110.46
    Lower Band$96.12
    %B Position1388%(Upper)
    Band Width0.03

    RSI (14-Day)

    Neutral
    40.3

    Momentum Oscillators

    Stoch %K35.9
    Stoch %D39.5
    Williams %R-58.1
    ROC (10d)-5.7%
    Momentum-5.79
    CCI (20d)-197.8
    MFI (14d)42.6

    Volatility Measures

    ATR (14d)$3.72(3.9%)
    StdDev (20d)3.59
    Hist Vol42.7%(High)

    Volume Flow

    VWAP$95.49
    OBV9.8M
    AD Line27.5K
    CMF (20d)0.085

    Volume Metrics

    Avg Vol (20d)865.5K
    Vol Ratio1.0x
    VWMA (20d)$101.08

    Pivot Points

    R3$103.87
    R2$100.93
    R1$98.65
    Pivot Point$95.71
    S1$93.43
    S2$90.49
    S3$88.21

    Advanced Oscillators

    TSI-0.46
    Ultimate Osc51.5
    KST35.83

    Financial Data

    QuarterJul 2026Apr 2026Jan 2026Oct 2025Jul 2025Apr 2025Jan 2025Oct 2024Jul 2024Apr 2024Jan 2024Oct 2023
    Total Revenue$350.73M$354.64M$334.59M$322.16M$325.83M$330.84M$311.82M$300.43M$299.93M$287.60M$262.39M$249.22M
    Cost of Revenue$92.78M$98.33M$106.44M$94.10M$93.24M$106.53M$122.77M$103.41M$95.88M$100.46M$99.07M$90.04M
    Gross Profit$257.95M$256.31M$228.15M$228.06M$232.59M$224.31M$189.04M$197.03M$204.05M$187.14M$163.32M$159.18M
    Operating Expenses$159.26M$153.36M$157.08M$149.37M$142.98M$141.23M$146.89M$177.40M$145.12M$145.51M$124.43M$128.29M
    R&D$73.92M$67.77M$70.35M$65.92M$64.80M$61.44M$64.65M$60.19M$58.58M$56.09M$55.24M$55.61M
    SG&A$34.87M$31.13M$33.53M$30.88M$29.99M$25.54M$29.98M$31.79M$32.26M$38.24M$23.14M$27.15M
    Operating Income$98.69M$102.95M$71.07M$78.69M$89.61M$83.08M$42.15M$19.63M$58.93M$41.63M$38.89M$30.89M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$12.61M$12.59M$13.27M$14.05M$14.96M$14.86M$15.26M$18.16M$15.43M$11.79M$13.64M$13.54M
    Income Before Tax$87.86M$92.41M$60.90M$67.53M$78.05M$70.95M$29.96M$6.22M$46.62M$33.24M$29.72M$21.09M
    Income Tax Expense$22.22M$23.00M$11.16M$15.84M$18.19M$17.04M$3.60M$515,000$10.79M$4.43M$3.35M$6.41M
    Net Income$65.64M$69.42M$49.74M$51.69M$59.85M$53.91M$26.36M$5.70M$35.82M$28.81M$26.36M$14.67M
    EBITDA$142.73M$143.30M$113.11M$120.63M$131.72M$124.82M$84.66M$65.47M$106.38M$84.67M$81.97M$73.10M
    EBIT$100.47M$105.00M$74.17M$81.58M$93.00M$85.81M$45.22M$24.37M$62.04M$45.03M$43.36M$34.63M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $27.29M
    Gov Obligations / Revenue
    2.0%
    Obligations YoY
    34.2%
    Active Awards
    103
    New Awards (TTM)
    46
    Avg Remaining Term
    4.9 mo

    Top agency: Office of Personnel Management at 89.9% of trailing twelve month obligations across 30 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    24362526F0009Office of Personnel ManagementOffice of Personnel Management$22.00MJan 1, 2026
    36C10X26F0009Department of Veterans AffairsDepartment of Veterans Affairs$2.70MJan 1, 2026
    24362526F0005Office of Personnel ManagementOffice of Personnel Management$1.00MSep 23, 2025
    HQ042326FE031Department of DefenseDefense Finance and Accounting Service$374571Jan 1, 2026
    12314425F0231Department of AgricultureOffice of the Chief Financial Officer$311032Aug 11, 2025
    9531CB26F0003Consumer Financial Protection BureauConsumer Financial Protection Bureau$62053Jan 1, 2025
    19AQMM26F0031Department of StateDepartment of State$60000Jan 1, 2026
    1331L526F13OS0135Department of CommerceOffice of the Secretary$47177Jan 1, 2026
    693KA926F00094Department of TransportationFederal Aviation Administration$38796May 26, 2026
    70RDA226FR0000002Department of Homeland SecurityOffice of Procurement Operations$36574Jan 1, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    HealthEquity (NASDAQ: HQY) director plans $804K stock sale

    HealthEquity director Adrian Dillon plans to sell 7,632 shares of common stock, valued at approximately $804,412.80, through Morgan Stanley Smith Barney LLC. The shares are to be acquired via exercise of stock options and sold on NASDAQ around August 25, 2026, as detailed in a Rule 144 SEC filing. This transaction indicates a substantial insider sale by a company director.

    Stock Titan•8/25/26•
    Somewhat-Bearish

    Ieq Capital LLC Purchases Shares of 31,528 HealthEquity, Inc. $HQY

    Ieq Capital LLC has acquired 31,528 shares of HealthEquity, Inc. (NASDAQ:HQY) for approximately $2.85 million in the second quarter, making it one of several institutional investors to increase holdings in the company. Analysts have a "Moderate Buy" consensus rating for HealthEquity with an average price target of $110.93, following strong Q1 earnings where EPS exceeded estimates and revenue grew by 7.2% year-over-year. Despite insider selling activity totaling $1.65 million over 90 days, institutional ownership stands at 99.55%.

    MarketBeat•8/25/26•
    Neutral

    Wells Fargo Maintains HealthEquity(HQY.US) With Buy Rating, Maintains Target Price $125

    Wells Fargo has reiterated its Buy rating for HealthEquity (HQY.US) and maintained its price target of $125. This indicates a continued positive outlook from the firm regarding the company's stock performance.

    Moomoo•8/25/26•
    Bullish

    Ahead of HealthEquity (HQY) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

    HealthEquity (HQY) is projected to report Q2 earnings of $1.19 per share, a 10.2% year-over-year increase, with revenues anticipated to reach $350.23 million, up 7.5%. Analysts have maintained their EPS estimates for the quarter. Key metric forecasts include an increase in 'Revenue- Service' to $121.10 million, 'Revenue- Custodial' to $177.70 million, and 'Total HSA Assets' to $37.64 billion.

    Yahoo Finance•8/24/26•
    Somewhat-Bullish

    Ranger Investment Management L.P. Purchases Shares of 319,253 HealthEquity, Inc. $HQY

    Ranger Investment Management L.P. acquired a new stake of 319,253 shares in HealthEquity, Inc. (NASDAQ:HQY) during the second quarter, valued at approximately $28.8 million, making it their 16th largest holding. Institutional investors collectively own 99.55% of the company, and analysts maintain a "Moderate Buy" consensus rating with an average price target of $110.93. HealthEquity recently surpassed earnings expectations with an adjusted EPS of $1.24 and revenue of $354.64 million, while insider selling by executives also occurred.

    MarketBeat•8/24/26•
    Bullish

    Frequently Asked Questions About HQY

    Does HQY pay dividends?
    HealthEquity Inc (HQY) does not currently pay a regular dividend.
    What is HQY's P/E ratio?
    HealthEquity Inc has a price-to-earnings (P/E) ratio of 23.72.
    What is HQY's market cap?
    HealthEquity Inc (HQY) has a market capitalization of $7.97B with a current stock price of $96.54.

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