HealthEquity(HQY) - 2026 Q4 - Annual Results

HSA Growth and Performance - As of January 31, 2026, HealthEquity reported a total of 10.6 million HSAs, a 7% increase from 9.9 million in the previous year[3] - Total Accounts reached 17.8 million, reflecting a 4% growth from 17.0 million as of January 31, 2025[3] - HSA Assets grew to $36.5 billion, marking a 14% increase from $32.1 billion a year earlier[3] - New HSAs from sales in the fourth quarter rose by 17% year over year, totaling 553,000[6] - HSA investments increased by 26% year over year, reaching $18.5 billion[3] - The company added over one million new HSA accounts from sales during fiscal 2026, indicating strong market demand[4] Financial Expectations - HealthEquity expects fiscal 2026 results to be near the top end of previously provided ranges, with updated guidance for fiscal 2027 to be announced in March[9] - The average daily HSA cash for the year-to-date was $17.082 billion, a 5% increase from $16.206 billion[7] - HSA cash expected to reprice in fiscal 2027 is projected at $4.5 billion with an average annualized yield of 1.9%[8] Client Retention and Market Position - HealthEquity maintained high client retention and is entering the new fiscal year with a growing enterprise pipeline[5]