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StockVS

NASDAQ · Health Information Services · USD

HealthEquity, Inc. (HQY) Stock Analysis

HealthEquity, Inc. (HQY) is a Health Information Services stock listed on NASDAQ and quoted in US Dollar.

HQY

$96.07

−$2.71 (−2.74%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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HQY Key Statistics

As of Sep 4, 2026
Trading
Open
$97.03
Previous Close
$98.78
Day's Range
95.57–97.41
52-Week Range
72.76–107.62
Volume
432.20K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.23
Valuation
Market Cap
$7.95B
P/E Ratio
35.71
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
17.49
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.44
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
5.83
EPS (ttm)Profit attributable to each share over the last twelve months.
2.69
Financials (FY)
Revenue (FY)
$1.31B+9.47%
Net Income (FY)
$215.20M+122.54%
Profit marginThe share of revenue left as profit after all costs and taxes.
17.36%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
82.72M
1-Year Return
−1.67%
Dividend and dates
Avg Volume
875.58K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

HQY Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+4.87%
2025−4.52%
2024+44.72%
2023+7.56%
2022+39.33%
2021−36.54%
2020−5.89%
2019+24.17%
2018+27.84%
2017+15.15%
2016 (partial year)+41.83%

As of September 4, 2026.

HQY Revenue and Earnings by Fiscal Year

FY ends January
Fiscal yearRevenueNet incomeNet margin
2025$1.31B$215.20M16.4%
2024$1.20B$96.70M8.1%
2023$999.59M$55.71M5.6%
2022$861.75M−$26.14M−3.0%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$1.31B$913.12M$327.48M$215.20M16.4%
2024$1.20B$777.26M$202.87M$96.70M8.1%
2023$999.59M$622.64M$128.13M$55.71M5.6%
2022$861.75M$491.94M$37.65M−$26.14M−3.0%

Annual figures as reported, in the company's reporting currency. As of January 31, 2026.

HQY Valuation vs Health Information Services Median

Median of 53 stocks
MetricHQYHealth Information Services medianvs median
P/E35.7141.1313% below
P/S ratio5.832.66119% above
Profit margin17.36%0.00%17.4 pts above

Medians across 53 Health Information Services stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values HealthEquity, Inc. (HQY) at $7.95B. It is classified in the Health Information Services industry, within the Healthcare sector. Headcount on file is 2,814.

HQY last closed at $96.07 on September 4, 2026. That is −$2.71 (−2.74%) against the previous close. Over the past 52 weeks the price has ranged from $72.76 to $107.62. The latest close sits 32.04% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $1.31B. Against the prior fiscal year total of $1.20B, that is a change of +9.47%. Net income for the same year was $215.20M. That is +122.54% against the prior fiscal year. Profit margin runs at 17.36%. That is 17.4 percentage points above the Health Information Services median of 0%. Trailing earnings per share are 2.69.

Across the 4 fiscal years on file, revenue moves from $861.75M in 2022 to $1.31B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 35.71. That is 13.18% below the Health Information Services median of 41.13. The forward P/E on file is 17.49. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.44. The price-to-sales ratio is 5.83. On price-to-sales that is 119.41% above the Health Information Services median of 2.66. 53 Health Information Services companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 0.23. Annualized volatility over the trailing 10 years is 44.61%. The trailing one-year price return is −1.67%. Across 10 years the annualized return works out at +11.09%.

Growth & Income

The record shows no dividend for HQY.

The strongest complete calendar year on file is 2024 at +44.72%; the weakest is 2021 at −36.54%. Of the 9 complete calendar years on file, 6 finished higher. So far in 2026 the price is +4.87%.

Peer Comparison

HealthEquity, Inc. (HQY) operates in the Health Information Services industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
HealthEquity, Inc. HQY $7.95B 35.7
Veeva Systems Inc. VEEV $44.54B 45.0
BrightSpring Health Services, Inc. BTSG $12.02B 54.7
Tempus AI, Inc. TEM $11.66B —

The Health Information Services industry average P/E ratio is 41.1x. HealthEquity, Inc. trades at a P/E of 35.7.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About HealthEquity, Inc.

HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. It offers health savings accounts (HAS); investment platform; online-only automated investment advisory services through Advisor, a Web-based tool. The company also provides flexible spending accounts (FSA) for health and dependent care; health reimbursement arrangements; and Consolidated Omnibus Budget Reconciliation Act continuation services, as well as administers pre-tax commuter benefit programs. In addition, the company offers HSA and FSA members with access to certain healthcare products, programs, and services through its marketplace. It serves clients through a direct sales force; and brokers and advisors, a network of health plans, benefits administrators, benefits brokers and consultants, and retirement plan record-keepers. HealthEquity, Inc. was incorporated in 2002 and is based in Draper, Utah.

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