HealthEquity Inc (HQY)

Official site

HEALTHCARE • HEALTH INFORMATION SERVICES • NASDAQ

$92.51

+2.64 (+2.94%)

Market Cap: $7.46B

Last updated: Oct 16, 2026 at 1:55 PM ET

Earnings

Performance (10Y)

Beat Rate

93%(37/40)

Avg Surprise

+14.89%

Streak

6 Q

Upcoming Estimates

Period ending Oct 31, 2026

EPS Consensus$1.15

Range$1.13 - $1.19

14 analysts

EPS RevisionsNo revisions (7d)

30d

EPS Estimate DriftChange to current

90d ago$1.15-0.3%

60d ago$1.15-0.2%

30d ago$1.15-0.2%

7d ago$1.150.0%

Current$1.15

Revenue Consensus

$347M

Range$345M - $350M

14 analysts

Period ending Jan 31, 2027

EPS Consensus$1.27

Range$1.24 - $1.30

14 analysts

Revenue Consensus

$368M

Range$363M - $372M

14 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Jan 31, 2027Jan 27EST	-	$1.27	$1.24 - $1.30	-	-	14	-	-
Oct 31, 2026Oct 26EST	-	$1.15	$1.13 - $1.19	-	-	14	5 6 30d	-
Jul 31, 2026Jul 26 Reported Aug 27, 2026Reported Aug 27	$1.04	$0.99	$0.96 - $1.03	+5.05%	Beat	14	2 1 30d	-3.7%
Apr 30, 2026Apr 26 Reported May 28, 2026Reported May 28	$1.07	$0.94	$0.88 - $0.97	+13.83%	Beat	15	3 4 30d	+10.3%
Jan 31, 2026Jan 26 Reported Mar 17, 2026Reported Mar 17	$0.95	$0.90	$0.86 - $0.95	+5.77%	Beat	15	0 1 30d	+37.7%
Oct 31, 2025Oct 25 Reported Dec 3, 2025Reported Dec 3	$1.01	$0.91	$0.85 - $0.98	+10.99%	Beat	14	1 1 30d	+29.5%
Jul 31, 2025Jul 25 Reported Sep 2, 2025Reported Sep 2	$1.08	$0.92	$0.86 - $1.00	+17.39%	Beat	12	0 1 30d	+25.6%
Apr 30, 2025Apr 25 Reported Jun 3, 2025Reported Jun 3	$0.97	$0.81	$0.75 - $0.90	+19.75%	Beat	13	0 8 30d	+21.2%
Jan 31, 2025Jan 25 Reported Mar 18, 2025Reported Mar 18	$0.69	$0.72	$0.68 - $0.75	-4.17%	Miss	13	3 6 30d	+9.5%
Oct 31, 2024Oct 24 Reported Dec 9, 2024Reported Dec 9	$0.78	$0.72	$0.69 - $0.80	+8.33%	Beat	13	1 0 30d	+30.0%
Jul 31, 2024Jul 24 Reported Sep 3, 2024Reported Sep 3	$0.86	$0.70	$0.64 - $0.75	+22.86%	Beat	13	No revisions (30d)	+62.3%
Apr 30, 2024Apr 24 Reported Jun 3, 2024Reported Jun 3	$0.80	$0.65	$0.63 - $0.74	+23.08%	Beat	12	No revisions (30d)	+60.0%
Jan 31, 2024Jan 24 Reported Mar 19, 2024Reported Mar 19	$0.63	$0.56	$0.49 - $0.61	+12.50%	Beat	11	4 0 30d	+70.3%
Oct 31, 2023Oct 23 Reported Dec 5, 2023Reported Dec 5	$0.60	$0.50	$0.47 - $0.54	+20.00%	Beat	11	1 0 30d	+57.9%
Jul 31, 2023Jul 23 Reported Sep 5, 2023Reported Sep 5	$0.53	$0.48	$0.45 - $0.51	+10.42%	Beat	12	0 1 30d	+60.6%
Apr 30, 2023Apr 23 Reported Jun 5, 2023Reported Jun 5	$0.50	$0.41	$0.34 - $0.44	+21.95%	Beat	12	No revisions (30d)	+85.2%
Jan 31, 2023Jan 23 Reported Mar 21, 2023Reported Mar 21	$0.37	$0.35	$0.32 - $0.38	+5.71%	Beat	12	2 0 30d	+85.0%
Oct 31, 2022Oct 22 Reported Dec 6, 2022Reported Dec 6	$0.38	$0.35	$0.32 - $0.37	+8.57%	Beat	14	1 0 30d	+8.6%
Jul 31, 2022Jul 22 Reported Sep 6, 2022Reported Sep 6	$0.33	$0.33	$0.26 - $0.36	+0.00%	Beat	11	No revisions (30d)	-17.5%
Apr 30, 2022Apr 22 Reported Jun 6, 2022Reported Jun 6	$0.27	$0.26	$0.20 - $0.31	+3.85%	Beat	8	1 0 30d	-28.9%
Jan 31, 2022Jan 22 Reported Mar 22, 2022Reported Mar 22	$0.20	$0.22	$0.19 - $0.29	-9.09%	Miss	10	3 1 30d	-52.4%
Oct 31, 2021Oct 21 Reported Dec 6, 2021Reported Dec 6	$0.35	$0.35	$0.32 - $0.49	+0.00%	Beat	13	1 6 30d	-14.6%
Jul 31, 2021Jul 21 Reported Sep 8, 2021Reported Sep 8	$0.40	$0.36	$0.32 - $0.48	+11.11%	Beat	13	No revisions (30d)	-4.8%
Apr 30, 2021Apr 21 Reported Jun 7, 2021Reported Jun 7	$0.38	$0.32	$0.28 - $0.39	+18.75%	Beat	12	No revisions (30d)	-11.6%
Jan 31, 2021Jan 21 Reported Mar 15, 2021Reported Mar 15	$0.42	$0.40	$0.29 - $0.44	+5.00%	Beat	13	2 0 30d	+7.7%
Oct 31, 2020Oct 20 Reported Dec 7, 2020Reported Dec 7	$0.41	$0.36	$0.31 - $0.41	+13.89%	Beat	14	No revisions (30d)	-12.8%
Jul 31, 2020Jul 20 Reported Sep 8, 2020Reported Sep 8	$0.42	$0.28	$0.25 - $0.30	+50.00%	Beat	13	No revisions (30d)	-6.7%
Apr 30, 2020Apr 20 Reported Jun 2, 2020Reported Jun 2	$0.43	$0.44	$0.33 - $0.50	-2.27%	Miss	13	No revisions (30d)	+4.9%
Jan 31, 2020Jan 20 Reported Mar 16, 2020Reported Mar 16	$0.39	$0.36	$0.21 - $0.43	+8.33%	Beat	11	9 0 30d	+44.4%
Oct 31, 2019Oct 19 Reported Dec 3, 2019Reported Dec 3	$0.47	$0.23	$0.15 - $0.26	+104.35%	Beat	5	1 0 30d	+67.9%
Jul 31, 2019Jul 19 Reported Sep 3, 2019Reported Sep 3	$0.45	$0.35	$0.32 - $0.36	+28.57%	Beat	10	No revisions (30d)	+32.4%
Apr 30, 2019Apr 19 Reported Jun 4, 2019Reported Jun 4	$0.41	$0.34	$0.32 - $0.35	+20.59%	Beat	9	No revisions (30d)	+32.3%
Jan 31, 2019Jan 19 Reported Mar 18, 2019Reported Mar 18	$0.27	$0.22	$0.16 - $0.25	+22.73%	Beat	11	1 0 30d	+145.5%
Oct 31, 2018Oct 18 Reported Dec 4, 2018Reported Dec 4	$0.28	$0.25	$0.23 - $0.28	+12.00%	Beat	11	No revisions (30d)	+64.7%
Jul 31, 2018Jul 18 Reported Sep 4, 2018Reported Sep 4	$0.34	$0.28	$0.25 - $0.30	+21.43%	Beat	12	No revisions (30d)	+61.9%
Apr 30, 2018Apr 18 Reported Jun 4, 2018Reported Jun 4	$0.31	$0.28	$0.25 - $0.29	+10.71%	Beat	11	No revisions (30d)	+63.2%
Jan 31, 2018Jan 18 Reported Mar 19, 2018Reported Mar 19	$0.11	$0.09	$0.07 - $0.11	+22.22%	Beat	10	No revisions (30d)	+22.2%
Oct 31, 2017Oct 17 Reported Dec 5, 2017Reported Dec 5	$0.17	$0.16	$0.15 - $0.16	+6.25%	Beat	10	No revisions (30d)	+41.7%
Jul 31, 2017Jul 17 Reported Sep 5, 2017Reported Sep 5	$0.21	$0.18	$0.12 - $0.19	+16.67%	Beat	10	3 0 30d	-
Apr 30, 2017Apr 17 Reported Jun 6, 2017Reported Jun 6	$0.19	$0.19	$0.18 - $0.20	+0.00%	Beat	10	No revisions (30d)	-
Jan 31, 2017Jan 17 Reported Mar 21, 2017Reported Mar 21	$0.09	$0.07	-	+28.57%	Beat	-	-	-
Oct 31, 2016Oct 16 Reported Dec 6, 2016Reported Dec 6	$0.12	$0.12	-	+0.00%	Beat	-	-	-

Key Metrics

Valuation
P/E Ratio	22.73	EV/EBITDA	16.20x
Price/FCF	17.65x	FCF Yield	5.67%
Profitability
Profit Margin	17.40%	Operating Margin	28.40%
ROE	11.40%	ROIC	9.38%
Financial Health
Debt/Equity	0.48x	Interest Coverage	6.88x
Current Ratio	2.99x	Quick Ratio	2.99x
Trading Statistics
Beta	0.24	Avg Volume	890.05K
52-Week High	$107.62	52-Week Low	$72.76

Technical Indicators Dashboard

Moving Averages

SMA 10$91.48

SMA 20$90.85

SMA 50$96.48

SMA 200$88.58

EMA 10$91.31

EMA 20$91.86

EMA 50$93.82

EMA 200$91.79

MACD

Line: -1.09Signal: -1.55Hist: 0.46

ADX

ADX: 25.6+DI: 14.8-DI: 22.7

Aroon & PSAR

Aroon Up8.0

Aroon Down52.0

PSAR$88.94

Bollinger Bands

Upper Band$95.13

Lower Band$86.56

%B Position943%(Upper)

Band Width0.69

RSI (14-Day)

Neutral

50.0

Momentum Oscillators

Stoch %K60.9

Stoch %D61.6

Williams %R-18.3

ROC (10d)3.5%

Momentum3.14

CCI (20d)31.9

MFI (14d)66.3

Volatility Measures

ATR (14d)$2.59(2.8%)

StdDev (20d)2.14

Hist Vol23.0%(Moderate)

Volume Flow

VWAP$91.74

OBV14.2M

AD Line-4.0M

CMF (20d)-0.064

Volume Metrics

Avg Vol (20d)911.7K

Vol Ratio0.8x

VWMA (20d)$90.69

Pivot Points

R3$95.67

R2$94.20

R1$92.03

Pivot Point$90.56

S1$88.39

S2$86.92

S3$84.75

Advanced Oscillators

TSI-13.77

Ultimate Osc47.8

KST-59.87

Financial Data

Quarter	Jul 2026	Apr 2026	Jan 2026	Oct 2025	Jul 2025	Apr 2025	Jan 2025	Oct 2024	Jul 2024	Apr 2024	Jan 2024	Oct 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)

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 ID	Agency	Obligated	Start	End	Description
24362526F0009	Office of Personnel ManagementOffice of Personnel Management	$22.00M	Jan 1, 2026	Dec 31, 2026	THIS TASK ORDER IS ISSUED TO OFFSET (BUYDOWN) PART OF THE ADMINISTRATIVE FEE CHARGED TO AGENCIES FOR BENEFIT YEAR 2026 WITH FUNDING FROM OPM'S RISK RESERVE ACCOUNT. FOR BENEFIT YEAR 2026, OPM WILL REDUCE THE FSAFEDS ADMINISTRATIVE FEE CHARGED TO
36C10X26F0009	Department of Veterans AffairsDepartment of Veterans Affairs	$2.70M	Jan 1, 2026	Dec 31, 2026	ADMINISTRATIVE SERVICE FEES FOR VA FSAFEDS PARTICIPANTS
24362526F0005	Office of Personnel ManagementOffice of Personnel Management	$1.00M	Sep 23, 2025	Jan 30, 2026	THIS TASK ORDER IS ISSUED FOR $1,000,000.00 FOR START UP SERVICES AS AGREED UPON PER THE FSAFEDS CONTRACT. THESE FUNDS ARE BEING UTILIZED TO BEGIN THE INFRASTRUCTURE BUILDOUT FOR THE ADDITION OF A FSAFEDS DEBIT CARD OFFERING FOR PARTICIPANTS.
HQ042326FE031	Department of DefenseDefense Finance and Accounting Service	$374571	Jan 1, 2026	Dec 31, 2026	DOD WCF FSAFEDS FY2026 HC/DC ADMIN FEES
12314425F0231	Department of AgricultureOffice of the Chief Financial Officer	$311032	Aug 11, 2025	Mar 14, 2026	THE FEDERAL FLEXIBLE SPENDING ACCOUNT PROGRAM (FSAFEDS): 2025 ADMINISTRATIVE FEES
9531CB26F0003	Consumer Financial Protection BureauConsumer Financial Protection Bureau	$62053	Jan 1, 2025	Dec 31, 2025	THIS CONTRACT AWARD REPLACES CANCELLED IAA 9531CB25M0014 WITH OPM AWARDED IN ERROR IN JANUARY OF 2025 TO PAY FOR CFPB'S 2025 OPM FSAFEDS ADMIN FEES FROM 1/1/2025 TO 12/31/2025 THROUGH A THIRD PARTY VENDOR VIA AN OPM MAC # 24361820D0002.
19AQMM26F0031	Department of StateDepartment of State	$60000	Jan 1, 2026	Dec 31, 2026	FSAFEDS ADMINISTRATIVE FEE FOR HCFSA AND DCFSA PARTICIPANTS
1331L526F13OS0135	Department of CommerceOffice of the Secretary	$47177	Jan 1, 2026	Dec 31, 2026	FSAFEDS ADMIN FEES
693KA926F00094	Department of TransportationFederal Aviation Administration	$38796	May 26, 2026	Dec 31, 2026	FUNDING FOR 2026 DEPENDENTCARE AND HEALTHCARE FSA OPEN SEASON.
70RDA226FR0000002	Department of Homeland SecurityOffice of Procurement Operations	$36574	Jan 1, 2026	Dec 31, 2026	FSA FEDS TASK ORDER

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 stock trades at a 33.29 earnings multiple

HealthEquity stock is trading at an earnings multiple of 33.29, with a market capitalization of $7.6 billion as of October 15, 2026. The company's 52-week stock price ranged from $72.76 to $107.62. HealthEquity...

ad-hoc-news.de•Oct 15, 2026 3:10 PM ET10/15/26•Neutral

Jefferies examines HealthEquity stock short interest rise By Investing.com

Jefferies reported that short interest in HealthEquity (NASDAQ:HQY) shares increased to 7.2% of diluted shares outstanding by September 30...

Investing.com Canada•Oct 13, 2026 1:10 PM ET10/13/26•Somewhat-Bearish

How Healthequity Inc. (HQY) Affects Rotational Strategy Timing

Healthequity Inc. (HQY) shows strong near-term sentiment but a neutral mid- to long-term outlook, with support currently being tested. AI-generated strategies include a long position trading strategy targeting a 12.5%...

Stock Traders Daily•Oct 12, 2026 5:24 AM ET10/12/26•Neutral

The commercial chief was terminated without cause at HealthEquity (HQY); management will split his duties.

HealthEquity, Inc. (HQY) announced the termination of its Chief Commercial Officer, Michael Fiore, without cause, effective October 5...

Stock Titan•Oct 10, 2026 8:42 AM ET10/10/26•Neutral

HealthEquity, Inc. (HQY) Stock Forecasts

Argus has raised its target price for HealthEquity, Inc. (HQY) to $100.00, according to a report published on October 07...

Yahoo! Finance Canada•Oct 10, 2026 8:40 AM ET10/10/26•Bullish

HQY Valuation and Fair Value

P/E: 22.7x
Forward P/E: 19.7x
EV/EBITDA: 16.2x
P/FCF: 17.7x
PEG: 1.3x
P/B: 3.9x

See GNG's fair value

HQY Profitability: Margins, ROIC and FCF

Gross margin: 71.2%
Operating margin: 28.4%
Net margin: 17.4%
ROIC: 9.4%
ROE: 11.4%
FCF margin: 32.1%
FCF yield: 5.7%

HQY Competitors

Company	Ticker
AptarGroup Inc	ATR
Spyre Therapeutics Inc.	SYRE
Abivax SA American Depositary Shares	ABVX
Ionis Pharmaceuticals Inc	IONS
Axsome Therapeutics Inc	AXSM
PACS Group, Inc.	PACS
TG Therapeutics Inc	TGTX
Merus BV	MRUS

Sector: Healthcare

HQY Analyst Ratings

Consensus: Buy
Analysts: 15
Strong Buy: 5
Buy: 10
Hold: 0
Sell: 0
Strong Sell: 0

HQY Bull Case vs Bear Case

Bull case

HQY converts 32.1% of revenue into free cash flow.
HQY beat EPS estimates in 87.5% of its last 8 reported quarters.
100.0% of HQY's analyst ratings are Buy or Strong Buy.

HQY Earnings: Beat Rate and Next Report

Beat rate: 7 of 8 quarters (87.5%)
Average surprise: 9.6%
EPS estimate (fiscal period ending Oct 31, 2026): $1.15
Estimate revisions (30 days, fiscal period ending Oct 31, 2026): 5 up, 6 down

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 22.73.

What is HQY's market cap?

HealthEquity Inc (HQY) has a market capitalization of $7.46B with a current stock price of $92.51.

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Earnings

Performance (10Y)

Upcoming Estimates

Key Metrics

Technical Indicators Dashboard

Moving Averages

MACD

ADX

Aroon & PSAR

Bollinger Bands

RSI (14-Day)

Momentum Oscillators

Volatility Measures

Volume Flow

Volume Metrics

Pivot Points

Advanced Oscillators

Financial Data

Related GNG Research

Government Contracts

Recent Awards

News

HealthEquity stock trades at a 33.29 earnings multiple

Jefferies examines HealthEquity stock short interest rise By Investing.com

How Healthequity Inc. (HQY) Affects Rotational Strategy Timing

The commercial chief was terminated without cause at HealthEquity (HQY); management will split his duties.

HealthEquity, Inc. (HQY) Stock Forecasts

HQY Valuation and Fair Value

HQY Profitability: Margins, ROIC and FCF

HQY Competitors

HQY Analyst Ratings

HQY Bull Case vs Bear Case

Bull case

HQY Earnings: Beat Rate and Next Report

Frequently Asked Questions About HQY

Related stocks

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