HealthEquity's earnings call highlighted significant achievements in financial performance, legislative wins for HSAs, and technological advancements. While there were challenges related to the macroeconomic environment, particularly the labor market, the overall sentiment is positive due to the company's strong growth and strategic positioning.

Company Guidance

During the HealthEquity Second Quarter 2026 earnings call, management highlighted several key metrics reflecting strong performance. Revenue increased by 9% year-over-year, while net income surged by 67% and Adjusted EBITDA rose by 18% to a record high, alongside an all-time gross margin high of 71% and near-record adjusted EBITDA margin of 46%. Health Savings Accounts (HSAs) and Consumer-Directed Benefits (CDB) accounts grew by 6% and 4%, respectively, driving a total account increase of 5%. HSA assets rose by 12%, with the number of HSA members investing growing by 10%, boosting invested assets by 23% to $16.1 billion. The company also reported HSA cash of $17 billion and an average balance growth of 6% year-over-year. The call also touched upon macroeconomic challenges, noting a softer labor market compared to previous years, yet expressing optimism about new enterprise wins and client retention. The company is leveraging AI to enhance its services, reducing costs while increasing member satisfaction. Additionally, legislative changes expanding HSA access were discussed, potentially enabling 3 to 4 million more American families to benefit from HSAs. Looking ahead, HealthEquity raised its fiscal 2026 guidance, expecting revenue between $1.29 and $1.31 billion, GAAP net income of $185 to $200 million, and Adjusted EBITDA between $540 million and $560 million.

Record Gross Margin and Adjusted EBITDA

HealthEquity reported a record gross margin of 71% and near-record adjusted EBITDA margin of 46% for Q2 fiscal 2026.

Strong Growth in HSA and CDB Accounts

HSAs grew 6%, CDB accounts grew 4%, driving total accounts up 5%. HSA assets were up 12% year-over-year.

Significant Legislative Wins for HSAs

The budget bill passed in July expanded HSAs by allowing direct primary care arrangements and low-cost telehealth, potentially increasing HSA accessibility for 3 to 4 million more American families.

Improved Fraud Prevention and Security Measures

Fraud service costs reduced from $3 million in Q1 to an exit run rate in Q2 near the goal of one basis point of total HSA assets per year.

AI and Technology Enhancements

Launched expedited claims using AI technology, improving member satisfaction and reducing processing costs. Also completed moving the v5 platform to be 100% cloud-based, resulting in 92% faster response times.

Healthequity (HQY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HQY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 09, 2025	2026 (Q3)	0.91 / -	0.78	―	―	―
Sep 02, 2025	2026 (Q2)	0.91 / 1.08	0.86	25.58% (+0.22)	―
Jun 03, 2025	2026 (Q1)	0.81 / 0.97	0.8	21.25% (+0.17)	―
Mar 18, 2025	2025 (Q4)	0.72 / 0.69	0.63	9.52% (+0.06)	―
Dec 09, 2024	2025 (Q3)	0.72 / 0.78	0.6	30.00% (+0.18)	―
Sep 03, 2024	2025 (Q2)	0.70 / 0.86	0.53	62.26% (+0.33)	―
Jun 03, 2024	2025 (Q1)	0.66 / 0.80	0.5	60.00% (+0.30)	―
Mar 19, 2024	2024 (Q4)	0.57 / 0.63	0.37	70.27% (+0.26)	―
Dec 05, 2023	2024 (Q3)	0.50 / 0.60	0.38	57.89% (+0.22)	―
Sep 05, 2023	2024 (Q2)	0.48 / 0.53	0.33	60.61% (+0.20)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HQY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 02, 2025	$88.85	$95.54	+7.53%
Jun 03, 2025	$103.76	$113.06	+8.96%
Mar 18, 2025	$101.67	$84.32	-17.07%
Dec 09, 2024	$101.00	$95.39	-5.55%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Healthequity (HQY) report earnings?

Healthequity (HQY) is schdueled to report earning on Dec 09, 2025, After Close (Confirmed).

What is Healthequity (HQY) earnings time?

Healthequity (HQY) earnings time is at Dec 09, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is HQY EPS forecast?

HQY EPS forecast for the fiscal quarter 2026 (Q3) is 0.91.

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