HealthEquity, Inc.

HealthEquity, Inc. Earnings Recaps

HQY Health Care 1 recap
Next earnings: September 1, 2026 (estimated) · full calendar
Q4 2026 Mar 18, 2026

HealthEquity, Inc. delivered strong fiscal 2026 results with significant margin expansion and record HSA growth, positioning the company for robust future earnings.

Key takeaways
  • Fourth quarter adjusted EBITDA grew 23%, with adjusted EBITDA margin expanding by over 500 basis points.
  • Added a record 550,000 Health Savings Accounts (HSAs) in Q4, bringing total HSAs to 17.8 million and assets to over $36 billion.
  • Net income surged 89% to $49.7 million; non-GAAP net income per diluted share increased by 38%.
  • The company returned over $300 million to shareholders through buybacks, reducing diluted shares outstanding by approximately 3%.
  • Continued enhancement of digital engagement with over 3.6 million app downloads, reflecting a shift towards digital-first healthcare management.