Healthequity (HQY) EBT Margin (2013 - 2026)
Healthequity (HQY) recorded quarterly EBT Margin of 26.06% in Q2 2026, up 43.17% quarter-over-quarter from 18.2% in Q1 2026, and up 461.0% on a YoY basis from 4.64% in Q2 2025.
Healthequity (HQY) EBT Margin (2013 - 2026) Analysis & Trends
Healthequity's EBT Margin history runs 14 years deep, the most recent figure standing at 26.06% for Q2 2026.
- In Q2 2026, EBT Margin rose 461.0% year-over-year to 26.06%; the TTM figure through Apr 2026 stood at 22.35% (up 998.0% YoY), while the FY2026 annual figure was 21.12%, up 1145.0% from the prior year.
- EBT Margin was 26.06% for Q2 2026 at Healthequity, up from 18.2% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 26.06% in Q2 2026 to a low of 21.53% in Q1 2022.
- Historically, EBT Margin has averaged 7.74% across 5 years, with a median of 9.03% in 2025.
- The sharpest annual moves came in 2022 and 2023: EBT Margin plunged 2081 bps in 2022, then soared 2153 bps in 2023.
- A 5-year view of EBT Margin shows it stood at 2.86% in 2022, then jumped by 396 bps to 8.46% in 2023, then sank by 76 bps to 2.07% in 2024, then surged by 913 bps to 20.96% in 2025, then advanced by 24 bps to 26.06% in 2026.
- The last three EBT Margin figures came in at 26.06% (Q2 2026), 18.2% (Q1 2026), and 20.96% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 39.36% |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 2.29% |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 26.06% |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 19.72% |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | -8.52% |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 22.10% |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 19.06% |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 1.54% |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 5.46% |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | -9.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jul 31, 2021 | -4.12% |