Healthequity (HQY) EBT Margin (2013 - 2026)
Healthequity's (HQY) quarterly EBT Margin came in at 26.06% in Q2 2026, up 461.0% year-on-year from 4.64% in Q2 2025, and up 43.17% quarter-over-quarter from 18.2% in Q1 2026.
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.
- On a quarterly basis, EBT Margin rose 461.0% year-over-year to 26.06% in Q2 2026; TTM through Apr 2026 was 22.35%, a 998.0% increase from a year earlier, with the FY2026 full-year figure at 21.12%, up 1145.0% from the prior year.
- EBT Margin improved to 26.06% in Q2 2026 per HQY's latest filing, from 18.2% in the prior quarter.
- Across five years, EBT Margin topped out at 26.06% in Q2 2026 and bottomed at 21.53% in Q1 2022.
- The 5-year median for EBT Margin is 9.03% (2025), against an average of 7.74%.
- Across the five-year window, EBT Margin plunged 2081 bps in 2022 and surged 2153 bps in 2023, its largest moves.
- Year by year, EBT Margin stood at 2.86% in 2022, then jumped by 396 bps to 8.46% in 2023, then tumbled 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.
- Per Business Quant, the three latest HQY EBT Margin figures stand at 26.06% (Q2 2026), 18.2% (Q1 2026), and 20.96% (Q4 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.66 Bn | 24.35 Bn | 662.02 Mn | 39.36% |
| 2 | BrightSpring Health Services | 14.67 Bn | 13.77 Bn | 482.22 Mn | 2.29% |
| 3 | Healthequity | 8.29 Bn | 8.02 Bn | 256.31 Mn | 26.06% |
| 4 | Hinge Health | 5.93 Bn | 5.62 Bn | 154.23 Mn | 19.72% |
| 5 | 10x Genomics | 5.87 Bn | 5.33 Bn | 106.18 Mn | -8.52% |
| 6 | MiniMed | 4.49 Bn | 4.19 Bn | 480.00 Mn | -10.99% |
| 7 | Waystar Holding | 4.45 Bn | 4.38 Bn | 216.84 Mn | 19.06% |
| 8 | Doximity | 3.94 Bn | 3.19 Bn | 125.97 Mn | 22.10% |
| 9 | Privia Health | 3.18 Bn | 2.76 Bn | - | 1.54% |
| 10 | Omnicell | 1.85 Bn | 1.62 Bn | 140.36 Mn | 5.46% |
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% |