The earnings call highlighted strong financial growth and positive legislative developments, which could expand the market for HSAs significantly. While fraud prevention showed improvement, fraud costs remain a concern, and there is caution regarding economic conditions affecting new HSA sales. Overall, the positive aspects of growth and legislative progress outweigh the challenges of fraud costs and economic uncertainty.

Company Guidance -

Q2 2026

In the recent earnings call for HealthEquity's first quarter of fiscal year 2026, the company highlighted several strong financial metrics and strategic initiatives. Revenue increased by 15% year-over-year, with adjusted EBITDA rising 19%. Health Savings Accounts (HSAs) grew by 9%, and Consumer-Directed Benefits (CDB) accounts increased by 4%, leading to a 7% increase in total accounts, reaching over 17 million. HSA assets saw a significant rise, up 15% to over $31 billion, with invested assets jumping 24% to $14.2 billion. HealthEquity also made strides in reducing fraud costs, which decreased from $11 million in Q4 to $3 million in Q1, and plans to further enhance security measures. The company anticipates continued growth through strategic enhancements, such as leveraging AI for claims processing and expanding mobile app features, alongside legislative efforts to expand HSA access and flexibility.

Strong Year-over-Year Growth

Revenue increased 15%, adjusted EBITDA up 19%, HSAs grew 9%, CDB accounts grew 4%, driving total accounts up 7%, and HSA assets up 15%.

Positive Legislative Developments

Proposed budget bill provisions could expand HSA usage for 20 million more American families, including allowing working seniors eligible for Medicare Part A to contribute to HSAs.

Record Custodial Revenue

Custodial revenue grew 29% to a record $156.5 million in the first quarter.

Improved Fraud Prevention

Fraud service costs reduced from $11 million in Q4 to $3 million in Q1, with ongoing investments in security yielding positive results.

Increase in HSA Investment

The number of HSA members who invest grew by 16% year-over-year, driving invested assets up 24% to $14.2 billion.

Strong Cash Flow and Share Repurchase

Generated $65 million of cash flow from operations and repurchased approximately $60 million of outstanding shares.

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

Daily Earnings Calendar >

HQY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 09, 2025	2026 (Q2)	0.92 / -	0.86	―	―	―
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)	―
Jun 05, 2023	2024 (Q1)	0.41 / 0.50	0.27	85.19% (+0.23)	―

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
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%
Sep 03, 2024	$78.63	$82.66	+5.13%

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 Sep 09, 2025, After Close (Confirmed).

What is Healthequity (HQY) earnings time?

Healthequity (HQY) earnings time is at Sep 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 (Q2) is 0.92.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing