NASDAQ$HQY

HealthEquity Inc · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

HealthEquity reported Q2 2026, revenue of $325.8M, net income of $59.9M, diluted EPS of $0.72.

For Q2 2026, HealthEquity reported revenue of $325.8M, net income of $59.9M, diluted EPS was $0.72, adjusted diluted EPS was $1.08. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Revenue $325.8M.
  • Net income $59.9M.
  • Diluted EPS $0.72.
  • Adjusted diluted EPS $1.08.
  • HealthEquity MD&A highlights liquidity, capital, and core trends.

Headline financials

Total Revenue

$326M

Previous: $300M+8.6%
EPS (adj)

$1.08

Previous: $0.40+170.0%
Total HSAs

10.0M

Previous: 9.4M+6.5%
HSAs with Investments

782.0K

Previous: 711.0K+10.0%
Total CDBs

7.2M

Previous: 6.9M+3.7%
Total Accounts

17.1M

Previous: 16.3M+5.3%
Average Total Accounts - QTD

17.0M

Previous: 16.2M+5.1%
New HSAs from Sales - QTD

163.0K

Previous: 187.0K-12.8%
Total HSA Assets

$33.1B

Previous: $29.5B+12.5%
Capital Expenditures

-$859K

Previous: -$1.46M+41.2%
Free Cash Flow

$59M

Previous: $34.4M+71.7%
Net Income

$59.9M

Previous: $35.8M+67.1%
Operating Income

$89.6M

Previous: $58.9M+52.1%
Gross Profit

$233M

Previous: $204M+14.0%
Cash & Equivalents

$304M

Previous: $327M-6.9%
Total Assets

$3.42B

Previous: $3.51B-2.8%

Revenue & EPS history

HealthEquity · Revenue · Quarterly

$326M

Q2 2026+8.6%vs Q2 2025
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

HealthEquity · $249M total across 3 segments · Q3 2024

  • Service Revenue
    $108M-1.0%
  • Custodial Revenue
    $107M+42.8%
  • Interchange Revenue
    $35.1M+6.9%

Forward guidance

Management discusses operating trends, capital allocation, and sector-specific demand drivers for upcoming quarters.

Tailwinds

  • Revenue growth initiatives and cost discipline.
  • Balance-sheet flexibility and shareholder returns.
  • Product innovation and market share goals.

Headwinds

  • Macro uncertainty and consumer or enterprise demand.
  • Input costs, FX, and competitive pricing.
  • Execution risk on strategic initiatives.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2026

Historical avgQ2 2026

-0.4%

Avg return

Earnings day

-2.0%

Avg return

5 days after

-1.1%

Avg return

30 days after

54%

29 / 54 earnings

Positive

+10.8%

Q1 2024

Best reaction

-22.2%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-2.8%-5.8%
Q4 2026+0.7%+2.8%+8.4%
Q3 2026-2.9%-5.5%-7.7%
Q2 2026+7.6%+4.7%-0.3%
Q1 2026+9.1%+7.1%-1.5%
Q4 2025-17.1%-11.2%-16.9%
Q3 2025-4.8%-4.6%-0.5%
Q2 2025+3.9%-4.2%-1.7%
Q1 2025+2.1%+4.4%+2.3%
Q4 2024-1.9%-4.0%-3.7%
Q3 2024+0.4%-0.8%-0.7%
Q2 2024+4.4%+2.4%+9.4%
Q1 2024+10.8%+9.4%+6.1%
Q4 2023+0.8%-1.1%+0.7%
Q3 2023-2.3%-7.7%-9.8%
Q2 2023+0.1%+4.6%+5.5%
Q1 2023+2.0%-0.0%-4.8%
Q4 2022+2.4%+11.3%+20.3%
Q3 2022-21.3%-24.8%-14.4%
Q2 2022+1.2%-1.4%-0.8%
Q1 2022+0.4%-3.2%-1.6%
Q4 2021-5.9%-9.4%-11.8%
Q3 2021-3.7%-8.5%+8.1%
Q2 2021+5.4%-11.8%-6.2%
Q1 2021-6.6%+5.9%-5.6%
Q4 2020-22.2%-17.9%-15.1%
Q3 2020+2.9%+9.6%+17.4%
Q2 2020-6.1%-6.3%-8.1%
Q1 2020+1.7%+6.0%-0.4%
Q4 2019+2.9%-10.2%-23.8%
Q3 2019-17.5%-23.8%-38.8%
Q2 2019+2.9%+3.0%-3.9%
Q1 2019+4.8%+4.6%+1.1%
Q4 2018+8.7%+6.7%+11.3%
Q3 2018-5.8%-6.4%-1.7%
Q2 2018+7.3%+6.0%+23.1%
Q1 2018+8.8%+7.4%-0.2%
Q4 2017-4.6%-12.1%-0.9%
Q3 2017-1.1%-2.4%-2.8%
Q2 2017+3.0%-0.7%+13.1%
Q1 2017+7.9%+7.4%+11.7%
Q4 2016+5.2%
Q3 2016-4.6%
Q2 2016+6.5%
Q1 2015-0.1%
Q1 2016+3.2%
Q4 2013-0.1%
Q1 2014-0.1%
Q4 2015-1.0%
Q3 2014-8.0%
Q3 2015+0.7%
Q2 2015-0.3%
Q4 2014-0.3%
Q2 2014-0.3%

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