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Key Takeaways HealthEquity Q2 EPS of $1.08 beat estimates and rose 25.6% Y/Y, with GAAP EPS up 70% Y/Y.Quarterly revenues grew 8.6% to $325.8M, driven by gains in custodial and interchange revenues.Total HSA assets hit $33.1B, up 12% Y/Y, with 10M HSAs and 782,000 invested accounts reported.HealthEquity, Inc. (HQY) reported adjusted earnings per share (EPS) of $1.08 for second-quarter fiscal 2026, surpassing the Zacks Consensus Estimate by 17.4%. The bottom line improved 25.6% on a year-over-year basis.GAAP ...

该公司预计健康储蓄账户现金收益率将达到3.5%。 美股周三早盘，美国最大的健康储蓄账户非银行托管机构之一HealthEquity（HQY）股价上涨4.3%，此 前该公司在人工智能服务进步和健康储蓄账户市场扩张的推动下，上调了2026财年业绩指引。 来源：环球市场播报 ...

HealthEquity (HQY) reported $325.84 million in revenue for the quarter ended July 2025, representing a year-over-year increase of 8.6%. EPS of $1.08 for the same period compares to $0.86 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $318.81 million, representing a surprise of +2.2%. The company delivered an EPS surprise of +17.39%, with the consensus EPS estimate being $0.92.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

HealthEquity (HQY) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +17.39%. A quarter ago, it was expected that this provider of services for managing health care accounts would post earnings of $0.81 per share when it actually produced earnings of $0.97, delivering a surprise of +19. ...

Financial Data and Key Metrics Changes - Revenue increased by 9% year over year, with net income up 67% and adjusted EBITDA up 18% to an all-time quarterly high [8][24][26] - Gross margin reached a record 71%, with adjusted EBITDA margin near record levels at 46% [8][26] - HSA assets grew by 12% year over year, totaling over $33 billion [8][9] Business Line Data and Key Metrics Changes - Service revenue increased by 1% to $117.9 million, while custodial revenue grew 15% to a record $159.9 million [24] - Interchange revenue grew 8% to $48.1 million, indicating increased member contributions and distributions [24] Market Data and Key Metrics Changes - The number of HSA members who invest grew by 10% year over year, driving invested assets up 23% to $16.1 billion [9] - Total accounts reached over 17 million, with HSA accounts growing by 6% and CDB accounts by 4% [8] Company Strategy and Development Direction - The company is focusing on enhancing consumer experiences through a mobile-first strategy, including the rollout of a secure mobile app and passkey authentication [11][15] - Legislative changes in July expanded HSA eligibility, which the company aims to capitalize on by improving enrollment processes and targeted marketing campaigns [17][20] Management's Comments on Operating Environment and Future Outlook - Management noted that despite a softer labor market, the company opened 163,000 new HSAs in the quarter, indicating strong enterprise wins and client retention [9][10] - The company remains optimistic about the impact of recent legislative changes on HSA adoption and overall market growth [19][21] Other Important Information - The company repurchased approximately $66 million of its outstanding shares during the quarter, with $352 million remaining on its repurchase authorization [27][28] - The introduction of new security measures and AI technology is expected to enhance member experience and reduce service costs [12][14] Q&A Session Summary Question: Any milestones regarding HSA fraud? - Management emphasized ongoing improvements in member experience and security measures, with no specific milestones highlighted [36][37] Question: Future legislative opportunities for HSA reform? - Management expressed excitement about recent HSA expansions and indicated ongoing efforts to advocate for further reforms, including Medicare-related provisions [39][45] Question: Clarification on locked rates for HSA cash? - Management confirmed that the locked rates apply to both basic and enhanced yield products, with a focus on rolling over maturing contracts [49][51] Question: Insights on HSA cash growth and investment behavior? - Management noted that the dip in HSA cash is due to increased investment behavior among account holders, alongside higher spending [80][83] Question: Implications of rising healthcare premiums on HSA enrollment? - Management believes that rising healthcare costs will strengthen the value proposition for HSAs, leading to increased enrollment [87][89]

Financial Data and Key Metrics Changes - Revenue increased by 9% year-over-year, reaching $656.7 million for the first half of fiscal 2026 [19][24] - Net income rose by 67% to $59.9 million, or $0.68 per share on a GAAP basis [6][21] - Adjusted EBITDA increased by 18% to $151.1 million, with an adjusted EBITDA margin of 46% [6][22] - HSA assets grew by 12% year-over-year, totaling over $33 billion, with HSA cash reaching $17 billion [6][19] Business Line Data and Key Metrics Changes - Service revenue increased by 1% to $117.9 million, while custodial revenue grew by 15% to a record $159.9 million [19][20] - The number of HSAs grew by 6%, and CDB accounts increased by 4%, contributing to a total account growth of 5% [6][19] - The average balances of HSA members increased by 6% year-over-year [6] Market Data and Key Metrics Changes - The labor market is underperforming relative to expectations, with job growth down 40% year-to-date [7][59] - HealthEquity opened 163,000 new HSAs in the quarter, indicating strong enterprise wins and client retention [7][48] Company Strategy and Development Direction - The company is focusing on enhancing its member-first secure mobile experience and leveraging AI for service modernization [10][12] - Legislative changes in the budget bill passed in July are expected to expand HSA adoption significantly, allowing more families access to HSAs [14][16] - The company plans to invest in marketing and technology to capitalize on the new market opportunities created by the legislative changes [27][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing the largest expansion of HSA regulations in 20 years and the potential for increased HSA adoption [17][39] - The company anticipates continued growth despite macroeconomic challenges, focusing on improving member engagement and service efficiency [80][81] Other Important Information - The company repurchased approximately $66 million of its outstanding shares during the quarter, with $352 million remaining on its repurchase authorization [23][29] - The introduction of passkey authentication is expected to enhance security and improve the member experience [12][13] Q&A Session Summary Question: What milestones are expected regarding HSA fraud? - Management highlighted ongoing improvements in security and member experience, with no specific milestones but a focus on continuous progress [32][33] Question: Are there opportunities for HSA reform in future legislation? - Management noted the recent significant HSA expansion and expressed optimism about future legislative opportunities [34][39] Question: How does the company view the impact of interest rate changes on custodial revenue? - Management refrained from speculating on future interest rates but confirmed that they are locking in rates for upcoming maturities [91][92] Question: What is the outlook for HSA cash growth? - Management indicated that the dip in HSA cash is due to increased investment behavior among account holders and higher spending [72][75] Question: How does the company plan to capture the ACA opportunity? - Management stated that they will not separately break out ACA-related accounts but are focused on overall HSA growth [96][98]

Financial Data and Key Metrics Changes - Revenue increased by 9% year over year, with net income up 67% and adjusted EBITDA up 18% to an all-time quarterly high [6][22][24] - Gross margin reached a record 71%, up from 68% in the same quarter last year, with adjusted EBITDA margin near record levels at 46% [6][22][24] - HSA assets grew by $3.7 billion year over year, with total accounts exceeding 17 million [6][7][22] Business Line Data and Key Metrics Changes - Service revenue increased by 1% to $117.9 million, while custodial revenue grew 15% to a record $159.9 million [22] - Interchange revenue grew by 8% to $48.1 million, indicating increased member contributions and distributions [22] - HSA accounts grew by 6%, and CDB accounts grew by 4%, driving total accounts up by 5% [6][22] Market Data and Key Metrics Changes - The labor market is underperforming relative to expectations, impacting hiring rates [7] - The budget bill passed in July expanded HSA eligibility, allowing more families access to HSAs, which is expected to drive future growth [15][17][19] Company Strategy and Development Direction - The company is focusing on enhancing consumer experiences through a mobile-first strategy and improved security measures [10][13] - Investments in AI technology are aimed at automating claims processing and enhancing member satisfaction [10][11] - The company is preparing for a busy growth season by leveraging improved data analytics and upselling opportunities [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong early indicators for new enterprise wins and client retention [8][9] - The company is confident that the recent legislative changes will significantly expand the market for HSAs, potentially allowing 3 to 4 million more families access to HSAs [19][20] - Management acknowledged the challenges posed by the current macroeconomic environment but emphasized the strength of their value proposition in helping employers manage healthcare costs [86][88] Other Important Information - The company repurchased approximately $66 million of its outstanding shares during the quarter, with $352 million remaining on its repurchase authorization [25][30] - The introduction of passkey authentication is expected to enhance security and improve the member login experience [12][13] Q&A Session Summary Question: Any milestones regarding HSA fraud? - Management highlighted ongoing improvements in member security and the introduction of PassKey for better authentication, with no specific milestones identified [34][35] Question: Future legislative opportunities for HSA reform? - Management noted the recent HSA expansion as significant and expressed intent to pursue further opportunities in future legislation [37][40] Question: Impact of interest rate changes on custodial revenue? - Management refrained from specific modeling but acknowledged that placement rates will depend on market conditions at the time of asset placement [102][104] Question: Increase in service gross margin? - Management attributed the increase to efficient service delivery and investments in technology, with ongoing efforts to automate processes [98][100] Question: Implications of rising healthcare premiums on HSA enrollment? - Management indicated that rising healthcare costs strengthen the value proposition for HSAs, potentially leading to increased enrollment [86][88]

HealthEquity, Inc. HQY released its second-quarter results after Tuesday's closing bell. Here's a look at the key figures from the quarter.HQY stock is up after-hours. Find out more here.The Details: HealthEquity reported adjusted earnings of $1.08 per share, which beat the Street estimate of 92 cents.Quarterly revenue came in at $325.83 million, which beat the $320.82 million analyst estimate.Read Next: CoreWeave Stock Surges As Nvidia’s AI Revenue Fires Up For the second quarter, HealthEquity reported:10. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-36568 HEALTHEQUITY, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 52-2383166 (I.R.S. Em ...