HEALTHEQUITY, INC.HQYEarnings & Financial Report
HealthEquity, Inc. is an American financial technology and business services company that is designated as a non-bank health savings trustee by the IRS. This designation allows HealthEquity to be the custodian of health savings accounts regardless of which financial institution the funds are deposited with.
HQY Q3 FY2026 Key Financial Metrics
Revenue
$322.2M
Gross Profit
$228.1M
Operating Profit
$78.7M
Net Profit
$51.7M
Gross Margin
70.8%
Operating Margin
24.4%
Net Margin
16.0%
YoY Growth
7.2%
EPS
$0.59
HEALTHEQUITY, INC. Q3 FY2026 Financial Summary
HEALTHEQUITY, INC. reported revenue of $322.2M (up 7.2% YoY) for Q3 FY2026, with a net profit of $51.7M (up 806.4% YoY) (16.0% margin). Cost of goods sold was $94.1M, operating expenses totaled $149.4M.
Key Financial Metrics
| Total Revenue | $322.2M |
|---|---|
| Net Profit | $51.7M |
| Gross Margin | 70.8% |
| Operating Margin | 24.4% |
| Report Period | Q3 FY2026 |
Revenue Breakdown
HEALTHEQUITY, INC. Q3 FY2026 revenue of $322.2M breaks down across 3 segments, led by Financial Service Other at $159.1M (49.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Financial Service Other | $159.1M | 49.4% |
| Services | $120.3M | 37.3% |
| Credit And Debit Card | $42.8M | 13.3% |
HEALTHEQUITY, INC. Revenue by Segment — Quarterly Trend
HEALTHEQUITY, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Financial Service Other and Services) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Financial Service Other | $159.1M | $159.9M | $161.4M | $144.1M |
| Services | $120.3M | $117.9M | $127.1M | $124.2M |
| Credit And Debit Card | $42.8M | $48.1M | $46.1M | $43.5M |
HEALTHEQUITY, INC. Annual Revenue by Year
HEALTHEQUITY, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.2B).
HEALTHEQUITY, INC. Quarterly Revenue & Net Profit History
HEALTHEQUITY, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $322.2M | +7.2% | $51.7M | 16.0% |
| Q2 FY2026 | $325.8M | +8.6% | $59.9M | 18.4% |
| Q1 FY2026 | $330.8M | +15.0% | $53.9M | 16.3% |
| Q4 FY2025 | $311.8M | +18.8% | $26.4M | 8.5% |
| Q3 FY2025 | $300.4M | +20.5% | $5.7M | 1.9% |
| Q2 FY2025 | $299.9M | +23.1% | $35.8M | 11.9% |
| Q1 FY2025 | $287.6M | +17.7% | $28.8M | 10.0% |
| Q4 FY2024 | $262.4M | +12.2% | $26.4M | 10.0% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $262.4M | $287.6M | $299.9M | $300.4M | $311.8M | $330.8M | $325.8M | $322.2M |
| YoY Growth | 12.2% | 17.7% | 23.1% | 20.5% | 18.8% | 15.0% | 8.6% | 7.2% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.16B | $3.25B | $3.51B | $3.49B | $3.45B | $3.42B | $3.42B | $3.40B |
| Liabilities | $1.13B | $1.15B | $1.36B | $1.36B | $1.33B | $1.29B | $1.27B | $1.26B |
| Equity | $2.04B | $2.10B | $2.16B | $2.12B | $2.11B | $2.12B | $2.15B | $2.13B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $77.1M | $65.4M | $108.1M | $90.5M | $75.7M | $64.7M | $135.9M | $138.6M |