HealthEquity Exceeds Q4 Expectations, Raises FY2027 Guidance

LootboxPhobia · 2026-03-17T20:32:50+00:00

HealthEquity Inc. reported fourth-quarter results with adjusted EPS of $0.95 and revenue of $334.6 million, both exceeding analyst expectations. The company provided 2027 fiscal year guidance projecting revenue of $1.405 billion to $1.415 billion. Net income rose 123% year-over-year, with adjusted EPS increasing to $4.00.

LootboxPhobia

2026-03-17 20:32:50

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Utah Draper - HealthEquity Inc. (NASDAQ: HQY) reported fourth-quarter results that exceeded analyst expectations, with adjusted earnings per share of $0.95, up from the consensus estimate of $0.90 by $0.05. The company’s stock rose 1.3% in after-hours trading on Tuesday.

Revenue reached $334.6 million, surpassing the $331.93 million forecast, representing a 7% increase from $311.8 million in the same period last year.

This health savings account management company reported net income of $49.7 million, with diluted earnings per share of $0.58, compared to $26.4 million and $0.30 per share in the same quarter last year. Adjusted EBITDA grew 23% to $132.9 million, with profit margins expanding from 35% last year to 40%.

HealthEquity President and CEO Scott Cutler stated, “After achieving record-breaking new HSA sales and significant profit margin expansion, we are raising our guidance for fiscal 2027. We have now added 1 million new HSA accounts for the second consecutive year, ending fiscal 2026 with 17.8 million total accounts and over $36 billion in HSA assets, laying a foundation for our continued growth.”

For fiscal 2027, the company issued guidance expecting revenue between $1.405 billion and $1.415 billion, with a midpoint of $1.41 billion, slightly above analyst expectations. Adjusted earnings per share are projected to be between $4.56 and $4.65, with a midpoint of $4.61. Adjusted EBITDA is expected to be between $618 million and $628 million.

For the full fiscal year 2026, HealthEquity reported revenue of $1.31 billion, a 9% increase from $1.2 billion in 2025. Net income soared 123% to $215.2 million, with adjusted earnings per share up 28% to $4.00. During the year, the company returned $301.7 million to shareholders through stock buybacks.

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