HealthEquity, Inc. Reports Strong Q1 2026 Results

Healthequity Inc ( (HQY) ) has released its Q1 earnings. Here is a breakdown of the information Healthequity Inc presented to its investors.

HealthEquity, Inc., headquartered in Draper, Utah, is the largest health savings account (HSA) custodian in the United States, specializing in the administration of HSAs and other consumer-directed benefits in partnership with employers and health plan providers.

In its first quarter of fiscal year 2026, HealthEquity reported robust financial results, showcasing a 15% increase in revenue to $330.8 million and a significant 87% rise in net income to $53.9 million compared to the same period last year. The company also achieved record quarterly revenue and adjusted EBITDA.

Key financial highlights include a net income per diluted share of $0.61, up 85% from the previous year, and an adjusted EBITDA of $140.2 million, marking a 19% increase. HealthEquity also saw a 9% growth in health savings accounts (HSAs) to 9.9 million and a 15% increase in total HSA assets to $31.3 billion. The company repurchased 0.7 million shares of its common stock for $60.3 million.

Looking ahead, HealthEquity’s management has raised its guidance for the fiscal year ending January 31, 2026, with expected revenues between $1.285 billion and $1.305 billion and adjusted EBITDA ranging from $530 million to $550 million. The company remains focused on enhancing its member experience and supporting legislative efforts to expand HSA benefits.

Overall, HealthEquity’s strong financial performance and strategic initiatives position it well for continued growth in the evolving healthcare benefits landscape.