WEX (WEX) Q2 2025 Earnings Call July 24, 2025 10:00 AM ET Company ParticipantsSteve Elder - SVP - Global IRMelissa Smith - Chair, CEO & PresidentJagtar Narula - CFOShray Gurtata - Assistant Vice PresidentNate Svensson - VP - Equity Research - Payments, Processors & IT ServicesSanjay Sakhrani - Managing DirectorRayna Kumar - MD - Fintech Equity ResearchTrevor Williams - Managing DirectorConference Call ParticipantsNik Cremo - Executive Director & Lead Equity Research Analyst - Payments & FinTechDavid Koning ...

All eyes are on the Fed, waiting to see when they will cut rates. We take a look at what a lower fed funds rate means for your debt and money. Saving for retirement and building wealth is an important goal, but knowing how to use tax-advantaged accounts like Roth IRAs, 401(k)s, IRAs, and HSAs can make a big difference in reaching your financial goals. Many retirees will have to take required minimum distributions, also known as RMDs, once they reach a certain age. We explain what RMDs are and how to avoid p ...

Core Insights - HealthEquity, Inc. (HQY) reported adjusted earnings per share (EPS) of 97 cents for the first quarter of fiscal 2026, exceeding the Zacks Consensus Estimate by 19.8% and showing a year-over-year improvement of 21.3% [2][10] - The company generated revenues of $330.8 million in the fiscal first quarter, surpassing the Zacks Consensus Estimate by 3% and reflecting a 15% increase from the prior-year quarter [3][10] - HealthEquity's total number of Health Savings Accounts (HSAs) reached 9.9 million, a 9% year-over-year increase, with total HSA assets amounting to $31.3 billion, up 15% year over year [4][5] Revenue Breakdown - Service revenues for the quarter totaled $119.8 million, up 1.3% year over year, driven by an increase in HSAs and invested HSA assets [7] - Custodial revenues reached $156.5 million, marking a 28.6% increase from the previous year, while interchange revenues totaled $54.6 million, up 14.4% year over year [8][10] Margin and Profitability - HealthEquity's gross profit rose 19.9% to $224.3 million, with the gross margin expanding by 270 basis points to 67.8% [11][10] - Operating profit improved significantly by 99.6% to $83.1 million, with the operating margin expanding by 1060 basis points to 25.1% [13][10] Financial Position - At the end of the first quarter of fiscal 2026, HealthEquity had cash and cash equivalents of $287.9 million and total debt of $1.06 billion, unchanged from the previous quarter [14] - Net cash provided by operating activities was $64.7 million, slightly down from $65.4 million a year ago [14] Guidance and Future Outlook - HealthEquity has reiterated its revenue guidance for fiscal 2026, projecting revenues between $1.285 billion and $1.305 billion, with adjusted EPS expected in the range of $3.61-$3.78 [15] - The company added 150,000 new HSAs during the quarter and reported a significant reduction in fraud-related costs, which dropped from $11 million to $3 million, enhancing margins and member trust [17][18]

Core Viewpoint - HealthEquity (NASDAQ: HQY) has shown strong performance over the past year, with a 28% increase in share value, driven by growth in health savings accounts (HSAs) and sustained high interest rates [1] Company Performance - The company's shares have continued to perform well, indicating positive market sentiment and investor confidence [1] Market Trends - The growth in health savings accounts (HSAs) is a significant factor contributing to the company's success, reflecting broader trends in the healthcare and financial sectors [1] - Higher interest rates have also played a role in enhancing the company's financial performance, suggesting a favorable economic environment for HealthEquity [1]

From food banks to crisis shelters, 14 nonprofits recognized for tackling urgent community needsDRAPER, Utah, May 29, 2025 (GLOBE NEWSWIRE) -- The HealthEquity Community Foundation™ today announced the recipients of its second round of community grants, awarding $35,000 across 14 nonprofit organizations. Each selected organization will receive a $2,500 grant to support critical work in one or more of the Foundation’s core areas: health and medicine, financial education and literacy, mental health and crisis ...