Healthequity Inc (HQY)
NASDAQ:HQY
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Earnings Data
Report Date
Sep 08, 2026After Close (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
1.19Last Year’s EPS
1.08Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized solid execution: revenue and gross profit records, margin expansion, strong adjusted EBITDA growth (+17% YoY) and raised guidance, supported by healthy HSA account/asset growth, digital engagement gains, AI-driven service efficiencies, and an expanded $1B share repurchase authorization. Lowlights were mostly timing/one-time items (breakage fee, lower fraud reimbursements), early-stage marketplace revenue (not yet material), exposure in HSA cash maturities and interest-rate timing, and caution that some service-cost improvements may be seasonal or temporary. Overall, the positives around durable account/asset growth, margin expansion, cash generation and strategic initiatives materially outweigh the cautions and one-offs.Company Guidance
Revenue Growth and Record Service/Custodial Revenue
Total revenue grew 7% year-over-year in Q1 FY27. Service revenue reached a record $123 million (up 3% YoY) and custodial revenue was a record $174 million (up 11% YoY). Gross profit was a record $250 million, representing 72% of revenue versus 68% in the year-ago quarter.
Adjusted EBITDA and Margin Expansion
Adjusted EBITDA was $165 million, up 17% year-over-year, and adjusted EBITDA margin expanded to 46% of revenue from 42% in the prior-year quarter, reflecting operating leverage and cost efficiencies.
Raised Fiscal 2027 Guidance
Company raised fiscal 2027 outlook: revenue guidance narrowed around approximately $1.41–$1.42 billion, adjusted EBITDA guidance of $625–$633 million, GAAP net income $242–$248 million ($2.88–$2.95/share), and non-GAAP net income ~$392–$398 million ($4.66–$4.73/share).
Strong HSA Account and Asset Growth
Total HSA assets grew 19% year-over-year. New HSAs from sales rose 15%, adding 172,000 new HSAs. Total HSA growth was 8%, outpacing Devenir's reported market growth of 6% for calendar 2025, indicating share gains.
Investing and Investor Adoption Acceleration
Number of HSA investors grew 18% year-over-year and invested HSA assets grew 38% year-over-year, highlighting increased adoption of investing behaviors (with broader long-term monetization potential given investor higher balances and engagement).
Mobile/Digital Engagement Surge
Mobile monthly active usage increased by 90% year-over-year. Over two-thirds of marketplace transactions occurred via the mobile app, supporting the company’s mobile-first engagement and revenue flywheel strategy.
AI-Driven Service Efficiency & Fraud Improvements
AI tools reduced manual handling of member and client service emails by 25%; targeted workflows saw manual effort reduction of >90% and processing time improvements up to 50%. AI/self-service contributed to >50,000 fewer card-related service contacts. Fraud costs declined nearly 90% YoY and card acceptance rates improved materially.
Capital Allocation and Balance Sheet Actions
Ended the quarter with $265 million cash, generated $98 million operating cash flow, and repurchased $123 million of stock in the quarter. Board increased share repurchase authorization by $1 billion. Net debt approximately $943 million (net of issuance costs).
HQY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HQY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 28, 2026 | $90.52 | $87.99 | -2.79% |
Mar 17, 2026 | $79.40 | $79.57 | +0.21% |
Dec 03, 2025 | $98.64 | $95.67 | -3.01% |
Sep 02, 2025 | $88.85 | $95.54 | +7.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Healthequity Inc (HQY) report earnings?
Healthequity Inc (HQY) is schdueled to report earning on Sep 08, 2026, After Close (Confirmed).
What is Healthequity Inc (HQY) earnings time?
Healthequity Inc (HQY) earnings time is at Sep 08, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is HQY EPS forecast?
HQY EPS forecast for the fiscal quarter 2027 (Q2) is 1.19.