The earnings call reflects a strong start to fiscal 2026, with significant growth in key metrics, successful fraud reduction efforts, and positive legislative developments that could expand the HSA market. Despite some challenges with softer HSA sales and ongoing fraud costs, the company's raised financial guidance and strategic investments in technology and security contribute to a positive outlook.

Company Guidance -

Q2 2026

During the HealthEquity First Quarter 2026 Earnings Conference Call, significant guidance metrics were shared, highlighting robust financial performance and strategic initiatives. The company reported a 15% year-over-year revenue increase, with adjusted EBITDA rising by 19%. Health Savings Accounts (HSAs) grew by 9%, while Consumer-Directed Benefits (CDB) accounts increased by 4%, leading to a total account growth of 7%. HSA assets saw a 15% rise, reaching over $31 billion, with invested assets increasing by 24% to $14.2 billion. The number of HSA members who invest grew by 16%, and HSA cash stood at $17.1 billion. HealthEquity ended the quarter with more than 17 million total accounts, including net CDB account growth of 260,000. The company raised its fiscal year 2026 outlook, projecting revenue between $1.285 billion and $1.305 billion, and adjusted EBITDA between $530 million and $550 million. The forward guidance reflects optimism in enterprise pipeline build and adoption of HSA-qualified health plans, alongside significant investments in technology and security to enhance fraud prevention and operational efficiencies.

Strong Year-Over-Year Growth

Revenue increased by 15%, adjusted EBITDA grew by 19%, HSAs increased by 9%, and HSA assets rose by 15% year-over-year. Total accounts reached over 17 million, with HSA assets increasing by $4 billion.

HSA Investment Growth

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

Fraud Reduction Success

Fraud service costs reduced from $11 million in Q4 to $3 million in Q1, with significant investments in fraud detection and prevention technologies.

Positive Legislative Developments

Proposed budget bill includes provisions that could expand HSA access to up to 20 million more American families, including working seniors eligible for Medicare Part A.

Technology and Security Advancements

Expansion of Member First secure mobile experience, AI-driven expedited claims processing, and enhanced security measures to protect member assets.

Raised Financial Guidance

Raised fiscal 2026 revenue guidance to $1.285-$1.305 billion and adjusted EBITDA to $530-$550 million.

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
Sep 02, 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 02, 2025, After Close (Confirmed).

What is Healthequity (HQY) earnings time?

Healthequity (HQY) earnings time is at Sep 02, 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.

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