Healthequity (HQY) EBT Margin (2013 - 2026)
Healthequity's EBT Margin came in at 25.05% for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 1.10 percentage points from 23.95% a year earlier but down 1.01 percentage points from the prior quarter.
Healthequity (HQY) EBT Margin (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Healthequity reported EBT Margin of 22.66%, up 8.07 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 21.12%, up 11.45 percentage points from FY2025.
- EBT Margin has increased in each of the last four fiscal years, with a five-year change of +20.56 percentage points (FY2021 to FY2026).
- Going back by fiscal year, EBT Margin was 9.67% in FY2025 (+2.16 pp), 7.51% in FY2024 (+11.93 pp), -4.42% in FY2023 (+4.40 pp) and -8.82% in FY2022 (-9.39 pp).
- The five-year range for quarterly EBT Margin is -21.53% (fiscal Q4 2022) to 26.06% (fiscal Q1 2027).
- Year-over-year, EBT Margin has increased for six consecutive quarters, with an average year-over-year change of +5.42 percentage points over the last eight quarters.
- The fastest year-over-year change in EBT Margin over five years came in fiscal Q4 2023 (a gain of 21.53 percentage points), and the weakest in fiscal Q4 2022 (a drop of 20.81 percentage points).
- Business Quant data shows HQY's EBT Margin at 26.06% (Q1 2027), 18.20% (Q4 2026) and 20.96% (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 104.70 Bn | 85.79 Bn | - | 54.20% |
| 2 | Bank of New York Mellon | 100.72 Bn | 40.09 Bn | - | 40.00% |
| 3 | Cme | 94.58 Bn | 94.58 Bn | - | 77.82% |
| 4 | Intercontinental Exchange | 85.83 Bn | 79.63 Bn | - | 35.64% |
| 5 | Nasdaq | 52.05 Bn | 49.49 Bn | 1.50 Bn | 25.79% |
| 6 | State Street | 49.39 Bn | 49.39 Bn | - | 34.31% |
| 7 | Interactive Brokers | 39.24 Bn | 32.69 Bn | - | 76.79% |
| 8 | Northern Trust | 31.94 Bn | 31.94 Bn | - | 78.90% |
| 9 | Cboe Global Markets | 26.47 Bn | 18.13 Bn | 731.60 Mn | 34.29% |
| 10 | Healthequity | 7.33 Bn | 6.18 Bn | 257.95 Mn | 25.05% |
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% |
Healthequity EBT 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=ebt-margin&ticker=HQY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=HQY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();