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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Healthequity (HQY) Gross Margin (2016 - 2026)

Healthequity (HQY) has 13 years of Gross Margin data on record, last reported at 70.79% in Q4 2025.

  • For Q4 2025, Gross Margin rose 521.0% year-over-year to 70.79%; the TTM value through Oct 2025 reached 67.72%, up 239.0%, while the annual FY2025 figure was 64.78%, 249.0% up from the prior year.
  • Gross Margin reached 70.79% in Q4 2025 per HQY's latest filing, down from 71.38% in the prior quarter.
  • Across five years, Gross Margin topped out at 71.38% in Q3 2025 and bottomed at 52.32% in Q1 2022.
  • Average Gross Margin over 5 years is 61.31%, with a median of 60.68% recorded in 2023.
  • Peak YoY movement for Gross Margin: crashed -287bps in 2021, then surged 648bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 57.55% in 2021, then increased by 2bps to 58.92% in 2022, then grew by 8bps to 63.87% in 2023, then rose by 3bps to 65.58% in 2024, then grew by 8bps to 70.79% in 2025.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 70.79% in Q4 2025, 71.38% in Q3 2025, and 67.8% in Q2 2025.