HealthEquity, Inc.
HQY
NASDAQ·Healthcare·Medical - Healthcare Information Services·Mkt cap $8.0B
$96.07
▼ -2.74%
P/E
34.56
Mkt Cap
$8.0B
52-Wk Range
$72.76–$107.62
52-Week Range
$72.76 - $107.62
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 3.2% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Market-leading HSA platform with millions of active users and deep integration with employer benefits ecosystems
- Proprietary cloud-based technology enabling seamless account management, price transparency, and personalized health insights
- Diversified revenue streams from account administration fees, investment advisory services, and data analytics reducing dependency on single revenue source
- Strong network effects through relationships with health plans, benefits brokers, employers, and retirement plan record-keepers creating switching costs
Bear Case
1 risk
- Low volatility (beta 0.2).
Growth
Stable outlook
Steady revenue growth (9% YoY)
Value
Fairly valued vs Healthcare IT & Services peers
Momentum
Strong
+9.4% over 3m
Quality
Excellent
Excellent business quality
Dividend
None
No dividend
Smart-money signal
Who's buying HQY right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Dec 2, 2026
AUG 27, 2026
Reported EPS of $1.24 vs $1.19 consensus (+4.2% surprise). Revenue of $350.7M vs $349.2M expected (+0.4%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Estimate
Actual
Q3 26
+4.2%
Revenue trend · last 8Q
—
+19%
+15%
+9%
+7%
+7%
+7%
+8%
Q3 24
Q4 25
Q1 25
Q2 25
Q3 25
Q4 26
Q1 27
Q2 27
$300.4M
$311.8M
$330.8M
$325.8M
$322.2M
$334.6M
$354.6M
$350.7M
Margins · last 8Q
Gross
73.5%
Operating
28.1%
Profit
18.7%
Wall Street consensus
7 analysts · 100% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
100%
Hold
0%
Sell
0%
Median Price Target
—
Latest: Raymond James · Sep 3, 2026
vs Industry
How HQY stacks vs Medical - Healthcare Information Services
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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