The financials
HealthEquity, Inc. by the numbers
HealthEquity, Inc. (HQY) reported revenue of $355M in Q1 2027 (quarter ended April 30, 2026), up 7.2% from the same quarter a year earlier. That came with a gross margin of 72% and net income of $69M (20% of revenue). For the full year FY2026, revenue was $1.31B (+9.5% year on year) and net income $215M. Its largest product in 2026-Q2 was Financial Service Other at $174M, 49% of the disclosed total, just ahead of Service at 35%.
| Income statement | Q1 2027 | Q1 2026 | Change |
|---|---|---|---|
| Revenue | $355M | $331M | +7.2% |
| Gross profit | $256M | $224M | +14% |
| Operating income | $103M | $83M | +24% |
| Net income | $69M | $54M | +29% |
| Diluted EPS | $0.82 | $0.61 | +34% |
| Product | Revenue | Share |
|---|---|---|
| Financial Service Other | $174M | 49% |
| Service | $123M | 35% |
| Credit And Debit Card | $57M | 16% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $354.6M (+10%)
Financial Service Other grew +11% year on yearService +2.6% year on year
Segment Latestquarter on quarteryear on year
- Financial Service Other$174.3M$174.3MQoQ +9.6%year on year +11%+9.6%+11%
- Service$122.9M$122.9MQoQ +2.2%year on year +2.6%+2.2%+2.6%
- Credit And Debit Card$57.4M$57.4MQoQ +34%year on year +5.1%+34%+5.1%
Health Information Services
Ranks #10 of 14 by Smart Score