Healthequity (HQY) EBITDA Margin (2013 - 2026)
Healthequity (HQY) recorded quarterly EBITDA Margin of 29.03% in Q2 2026, up 36.67% quarter-over-quarter from 21.24% in Q1 2026, and up 1273.0% on a YoY basis from 2.11% in Q2 2025.
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 1273.0% year-over-year to 29.03%; the TTM figure through Apr 2026 stood at 25.6% (up 1580.0% YoY), while the FY2026 annual figure was 24.55%, up 1649.0% from the prior year.
- EBITDA Margin was 29.03% for Q2 2026 at Healthequity, up from 21.24% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 29.03% in Q2 2026 to a low of 16.14% in Q1 2022.
- Historically, EBITDA Margin has averaged 8.0% across 5 years, with a median of 7.17% in 2023.
- The sharpest annual moves came in 2022 and 2025: EBITDA Margin sank 1900 bps in 2022, then jumped 2253 bps in 2025.
- A 5-year view of EBITDA Margin shows it stood at 0.76% in 2022, then surged by 875 bps to 5.89% in 2023, then plunged by 68 bps to 1.9% in 2024, then jumped by 1187 bps to 24.43% in 2025, then climbed by 19 bps to 29.03% in 2026.
- The last three EBITDA Margin figures came in at 29.03% (Q2 2026), 21.24% (Q1 2026), and 24.43% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 26.39% |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 3.36% |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 29.03% |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 19.09% |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | -11.30% |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 17.08% |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 27.87% |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 1.25% |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 5.44% |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | -10.51% |
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 | 16.30% |
| Jan 31, 2025 | 8.46% |
| Oct 31, 2024 | 1.90% |
| Jul 31, 2024 | 11.94% |
| Apr 30, 2024 | 10.02% |
| Jan 31, 2024 | 10.05% |
| Oct 31, 2023 | 5.89% |
| Jul 31, 2023 | 4.34% |
| Apr 30, 2023 | 1.67% |
| Jan 31, 2023 | -0.09% |
| Oct 31, 2022 | -0.76% |
| Jul 31, 2022 | -5.17% |
| Apr 30, 2022 | -6.63% |
| Jan 31, 2022 | -16.14% |
| Oct 31, 2021 | -2.80% |
| Jul 31, 2021 | -2.02% |