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NASDAQ: HQY
HealthEquity, Inc.
Healthcare · Medical - Healthcare Information Services
Market Cap
$7.16B
52w High
$116.65
52w Low
$72.76
P/E
33.56
Volume
589.22K
Outstanding Shares
85.44M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: -6.02%Revenue (TTM): 9.47%FCF (TTM): 365.14%P/FCF: 0th pct
What changed
The stock fell 6.02% over the last year. Revenue grew 9.47% over the trailing twelve months. Operating margin moved from 19.18% to 24.55%. Free cash flow grew 365.14% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 24.55%. A decisive move in revenue — currently up 9.47% — would be the clearest signal to resolve the ambiguity.
Company profile
HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States.
CEOScott R. Cutler
SectorHealthcare
IndustryMedical - Healthcare Information Services
Employees3,105
IPO dateJul 31, 2014
Valuation
Forward P/E—
EV/EBITDA25.00
Enterprise value$8.06B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth7.3%
Gross margin69.52%▲20.43%vs FY2025
Operating margin24.55%▲28.03%vs FY2025
ROE10.21%▲123.35%vs FY2025
Analyst consensus
RatingBuy
Target price$107.67▲28.41%
24
Buy
1
Hold
1
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Last 3 reported quarters plus the next estimate. Switch into compare mode to inspect one metric year-over-year.
Next report
Jun 2, 2026
View
EPS
Actual vs estimate by quarter
Q3FY25
ActualEst.
$1.08
$0.91
Q4FY25
ActualEst.
$1.01
$0.91
Q1FY26
ActualEst.
$0.95
$0.89
Q2FY26
Next Est.
—
Revenue
Actual vs estimate by quarter
Q3FY25
ActualEst.
$325.84M
$320.74M
Q4FY25
ActualEst.
$322.16M
$320.63M
Q1FY26
ActualEst.
$334.6M
$332.32M
Q2FY26
Next Est.
—