Healthequity (HQY) EBITDA Margin (2013 - 2026)
Healthequity (HQY) recorded EBITDA Margin of 40.18% in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 0.79 percentage points from 39.39% a year earlier and up 0.30 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 37.45% as of Jul 31, 2026, up 6.50 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it was 36.41%, up 9.17 percentage points from FY2025.
- Annual EBITDA Margin has a five-year change of +15.28 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, EBITDA Margin came in at 27.24% in FY2025 (-0.13 pp), 27.37% in FY2024 (+7.24 pp), 20.14% in FY2023 (+4.62 pp) and 15.52% in FY2022 (-5.61 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 +3.68 percentage points over the last eight quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 17.20 percentage points in fiscal Q4 2023, against a drop of 9.90 percentage points in fiscal Q4 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 39.88% (Q1 2027), 32.88% (Q4 2026) and 36.55% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.59 Bn | 97.93 Bn | - | 70.50% |
| 2 | Bank of New York Mellon | 100.46 Bn | 34.08 Bn | - | 120.58% |
| 3 | Intercontinental Exchange | 97.18 Bn | 90.07 Bn | - | 49.83% |
| 4 | Robinhood Markets | 72.63 Bn | 52.17 Bn | - | 60.39% |
| 5 | Nasdaq | 59.89 Bn | 57.32 Bn | 1.48 Bn | 37.48% |
| 6 | State Street | 45.42 Bn | 45.42 Bn | - | 91.71% |
| 7 | Cboe Global Markets | 36.91 Bn | 27.39 Bn | 712.20 Mn | 41.36% |
| 8 | Interactive Brokers | 34.30 Bn | 10.61 Bn | - | 145.98% |
| 9 | Northern Trust | 31.46 Bn | 31.46 Bn | - | 174.63% |
| 10 | Healthequity | 8.64 Bn | 7.49 Bn | 257.95 Mn | 40.18% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 40.18% |
| Apr 30, 2026 | 39.88% |
| Jan 31, 2026 | 32.88% |
| Oct 31, 2025 | 36.55% |
| Jul 31, 2025 | 39.39% |
| Apr 30, 2025 | 36.90% |
| Jan 31, 2025 | 26.17% |
| Oct 31, 2024 | 20.21% |
| Jul 31, 2024 | 34.43% |
| Apr 30, 2024 | 28.26% |
| Jan 31, 2024 | 29.54% |
| Oct 31, 2023 | 27.83% |
| Jul 31, 2023 | 26.18% |
| Apr 30, 2023 | 25.78% |
| Jan 31, 2023 | 23.31% |
| Oct 31, 2022 | 21.68% |
| Jul 31, 2022 | 18.99% |
| Apr 30, 2022 | 16.05% |
| Jan 31, 2022 | 6.10% |
| Oct 31, 2021 | 19.07% |
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();