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The financials
HealthEquity, Inc. by the numbers
HealthEquity, Inc. (HQY) reported revenue of $355M in Q1 2027 (quarter ended Apr 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 Sep 2026 was Financial Service Other at $176M, 50% of the disclosed total, 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 | $176M | 50% |
| Service | $124M | 35% |
| Credit And Debit Card | $50M | 14% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Sep 2026Total $350.7M (-1.1%)
Financial Service Other grew +10% year on yearCredit And Debit Card +4.7% year on year
Segment Latestquarter on quarteryear on year
- Financial Service Other$175.9M$175.9MQoQ +0.92%year on year +10%+0.92%+10%
- Service$124.4M$124.4MQoQ +1.2%year on year +5.6%+1.2%+5.6%
- Credit And Debit Card$50.4M$50.4MQoQ -12%year on year +4.7%-12%+4.7%
Health Information Services
Ranks #5 of 13 by Smart Score