Healthequity (HQY) EBT Margin (2013 - 2026)
Healthequity (HQY) posted EBT Margin of 25.05% for Q3 2026, down 3.86% on a QoQ basis from 26.06% in Q2 2026, and up 110.0% year-over-year from 11.93% in Q3 2025.
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Analysis
Healthequity (HQY) EBT Margin (2013 - 2026) Analysis & Trends
Healthequity has reported EBT Margin for 14 years, with the latest figure at 25.05% in Q3 2026.
- On a quarterly basis, EBT Margin rose 110.0% year-over-year to 25.05% in Q3 2026; TTM through Jul 2026 was 22.66%, a 807.0% increase from a year earlier, with the FY2026 full-year figure at 21.12%, up 1145.0% from the prior year.
- EBT Margin was 25.05% for Q3 2026 at Healthequity, down from 26.06% in the prior quarter.
- The five-year high for EBT Margin was 26.06% in Q2 2026, with the low at 21.53% in Q1 2022.
- Average EBT Margin over 5 years is 8.65%, with a median of 9.61% recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: EBT Margin tumbled 2081 bps in 2022, then jumped 2153 bps in 2023.
- Over 5 years, EBT Margin stood at 2.86% in 2022, then surged by 396 bps to 8.46% in 2023, then plunged by 76 bps to 2.07% in 2024, then soared by 913 bps to 20.96% in 2025, then advanced by 20 bps to 25.05% in 2026.
- The last three EBT Margin figures came in at 25.05% (Q3 2026), 26.06% (Q2 2026), and 18.2% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank of New York Mellon | 111.85 Bn | 51.23 Bn | - | 40.00% |
| 2 | State Street | 53.36 Bn | 53.36 Bn | - | 34.31% |
| 3 | Northern Trust | 34.15 Bn | 34.15 Bn | - | 78.90% |
| 4 | Sei Investments | 13.24 Bn | 13.16 Bn | - | 39.46% |
| 5 | Healthequity | 7.97 Bn | 7.71 Bn | 257.95 Mn | 25.05% |
| 6 | AtlasClear Holdings | 28.46 Mn | -12.04 Mn | - | -50.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 25.05% |
| Apr 30, 2026 | 26.06% |
| Jan 31, 2026 | 18.20% |
| Oct 31, 2025 | 20.96% |
| Jul 31, 2025 | 23.95% |
| Apr 30, 2025 | 21.45% |
| Jan 31, 2025 | 9.61% |
| Oct 31, 2024 | 2.07% |
| Jul 31, 2024 | 15.54% |
| Apr 30, 2024 | 11.56% |
| Jan 31, 2024 | 11.33% |
| Oct 31, 2023 | 8.46% |
| Jul 31, 2023 | 5.84% |
| Apr 30, 2023 | 4.10% |
| Jan 31, 2023 | 0.00% |
| Oct 31, 2022 | -2.86% |
| Jul 31, 2022 | -6.73% |
| Apr 30, 2022 | -8.78% |
| Jan 31, 2022 | -21.53% |
| Oct 31, 2021 | -5.07% |