Healthequity (HQY) EBITDA Margin (2013 - 2026)
Healthequity (HQY) recorded EBITDA Margin of 40.10% in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 0.80 percentage points from 39.30% a year earlier and up 0.29 percentage points from the prior quarter.
Healthequity (HQY) EBITDA Margin (2013 - 2026) Analysis & Trends
On a TTM basis, Healthequity's EBITDA Margin came in at 37.37% as of Jul 31, 2026, up 6.51 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it was 36.33%, up 9.26 percentage points from FY2025.
- Annual EBITDA Margin has a five-year change of +15.89 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, EBITDA Margin came in at 27.07% in FY2025 (-0.02 pp), 27.09% in FY2024 (+7.33 pp), 19.76% in FY2023 (+4.83 pp) and 14.93% in FY2022 (-5.51 pp).
- The fiscal Q2 2027 figure is the highest quarterly EBITDA Margin in data going back to fiscal Q2 2014.
- On a year-over-year basis, EBITDA Margin has increased for six consecutive quarters, with an average year-over-year change of +3.77 percentage points over the last eight quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 17.27 percentage points in fiscal Q4 2023, against a drop of 9.63 percentage points in fiscal Q4 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 39.81% (Q1 2027), 32.80% (Q4 2026) and 36.46% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 104.70 Bn | 85.79 Bn | - | 68.12% |
| 2 | Bank of New York Mellon | 100.72 Bn | 40.09 Bn | - | 126.33% |
| 3 | Cme | 94.58 Bn | 94.58 Bn | - | 69.82% |
| 4 | Intercontinental Exchange | 85.83 Bn | 79.63 Bn | - | 49.29% |
| 5 | Nasdaq | 52.05 Bn | 49.49 Bn | 1.50 Bn | 34.64% |
| 6 | State Street | 49.39 Bn | 49.39 Bn | - | 88.24% |
| 7 | Interactive Brokers | 39.24 Bn | 32.69 Bn | - | 139.87% |
| 8 | Northern Trust | 31.94 Bn | 31.94 Bn | - | 205.77% |
| 9 | Cboe Global Markets | 26.47 Bn | 18.13 Bn | 731.60 Mn | 34.94% |
| 10 | Healthequity | 7.33 Bn | 6.18 Bn | 257.95 Mn | 40.10% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 40.10% |
| Apr 30, 2026 | 39.81% |
| Jan 31, 2026 | 32.80% |
| Oct 31, 2025 | 36.46% |
| Jul 31, 2025 | 39.30% |
| Apr 30, 2025 | 36.82% |
| Jan 31, 2025 | 26.08% |
| Oct 31, 2024 | 20.09% |
| Jul 31, 2024 | 34.19% |
| Apr 30, 2024 | 28.01% |
| Jan 31, 2024 | 29.27% |
| Oct 31, 2023 | 27.55% |
| Jul 31, 2023 | 25.90% |
| Apr 30, 2023 | 25.46% |
| Jan 31, 2023 | 22.96% |
| Oct 31, 2022 | 21.31% |
| Jul 31, 2022 | 18.59% |
| Apr 30, 2022 | 15.65% |
| Jan 31, 2022 | 5.69% |
| Oct 31, 2021 | 18.44% |
Healthequity EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=HQY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "HQY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=HQY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();