Healthequity (HQY) EBITDA Margin (2013 - 2026)
Healthequity (HQY) posted quarterly EBITDA Margin of 29.03% for Q2 2026, up 392.0% year-over-year from 5.9% in Q2 2025, and up 36.67% quarter-over-quarter from 21.24% in Q1 2026.
Healthequity (HQY) EBITDA Margin (2013 - 2026) Analysis & Trends
Healthequity's EBITDA Margin history runs 14 years deep, the most recent figure standing at 29.03% for Q2 2026.
- In Q2 2026, EBITDA Margin rose 392.0% year-over-year to 29.03%; the TTM figure through Apr 2026 stood at 25.6% (up 921.0% YoY), while the FY2026 annual figure was 24.55%, up 1102.0% from the prior year.
- EBITDA Margin for Q2 2026 stood at 29.03%, up from 21.24% in the prior quarter.
- The five-year high for EBITDA Margin was 29.03% in Q2 2026, with the low at 13.4% in Q1 2022.
- The 5-year median for EBITDA Margin is 12.96% (2023), against an average of 12.14%.
- The sharpest annual moves came in 2022 and 2023: EBITDA Margin slumped 1256 bps in 2022, then surged 1906 bps in 2023.
- Healthequity's EBITDA Margin stood at 2.56% in 2022, then jumped by 383 bps to 12.4% in 2023, then plunged by 47 bps to 6.53% in 2024, then surged by 274 bps to 24.43% in 2025, then advanced by 19 bps to 29.03% in 2026.
- Business Quant data shows HQY's EBITDA Margin at 29.03% in Q2 2026, 21.24% in Q1 2026, and 24.43% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 30.93% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 3.37% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 29.03% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | -12.95% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 19.00% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -11.11% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 23.79% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 21.48% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -27.93% |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 1.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 29.03% |
| Jan 31, 2026 | 21.24% |
| Oct 31, 2025 | 24.43% |
| Jul 31, 2025 | 27.50% |
| Apr 30, 2025 | 25.11% |
| Jan 31, 2025 | 13.52% |
| Oct 31, 2024 | 6.53% |
| Jul 31, 2024 | 19.65% |
| Apr 30, 2024 | 14.48% |
| Jan 31, 2024 | 14.82% |
| Oct 31, 2023 | 12.40% |
| Jul 31, 2023 | 10.16% |
| Apr 30, 2023 | 9.48% |
| Jan 31, 2023 | 5.65% |
| Oct 31, 2022 | 2.56% |
| Jul 31, 2022 | -1.17% |
| Apr 30, 2022 | -3.54% |
| Jan 31, 2022 | -13.40% |
| Oct 31, 2021 | -0.20% |
| Jul 31, 2021 | -0.46% |