Healthequity (HQY) Gross Margin (2013 - 2026)
Healthequity (HQY) posted Gross Margin of 73.55% for Q3 2026, up 1.76% on a QoQ basis from 72.27% in Q2 2026, and up 216.0% year-over-year from 23.27% in Q3 2025.
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Healthequity (HQY) Gross Margin (2013 - 2026) Analysis & Trends
Healthequity has reported Gross Margin for 14 years, with the latest figure at 73.55% in Q3 2026.
- On a quarterly basis, Gross Margin rose 216.0% year-over-year to 73.55% in Q3 2026; TTM through Jul 2026 was 71.25%, a 482.0% increase from a year earlier, with the FY2026 full-year figure at 69.52%, up 474.0% from the prior year.
- Gross Margin was 73.55% for Q3 2026 at Healthequity, up from 72.27% in the prior quarter.
- The five-year high for Gross Margin was 73.55% in Q3 2026, with the low at 51.95% in Q1 2022.
- Average Gross Margin over 5 years is 63.82%, with a median of 63.87% recorded in 2023.
- The sharpest annual moves came in 2022 and 2026: Gross Margin tumbled 198 bps in 2022, then surged 756 bps in 2026.
- Over 5 years, Gross Margin stood at 58.92% in 2022, then advanced by 8 bps to 63.87% in 2023, then gained by 3 bps to 65.58% in 2024, then advanced by 8 bps to 70.79% in 2025, then grew by 4 bps to 73.55% in 2026.
- The last three Gross Margin figures came in at 73.55% (Q3 2026), 72.27% (Q2 2026), and 68.19% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank of New York Mellon | 111.85 Bn | 51.23 Bn | - | - |
| 2 | State Street | 53.36 Bn | 53.36 Bn | - | - |
| 3 | Northern Trust | 34.15 Bn | 34.15 Bn | - | - |
| 4 | Sei Investments | 13.24 Bn | 13.16 Bn | - | - |
| 5 | Healthequity | 7.97 Bn | 7.71 Bn | 257.95 Mn | 73.55% |
| 6 | AtlasClear Holdings | 28.46 Mn | -12.04 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 73.55% |
| Apr 30, 2026 | 72.27% |
| Jan 31, 2026 | 68.19% |
| Oct 31, 2025 | 70.79% |
| Jul 31, 2025 | 71.38% |
| Apr 30, 2025 | 67.80% |
| Jan 31, 2025 | 60.63% |
| Oct 31, 2024 | 65.58% |
| Jul 31, 2024 | 68.03% |
| Apr 30, 2024 | 65.07% |
| Jan 31, 2024 | 62.24% |
| Oct 31, 2023 | 63.87% |
| Jul 31, 2023 | 62.27% |
| Apr 30, 2023 | 60.74% |
| Jan 31, 2023 | 57.63% |
| Oct 31, 2022 | 58.92% |
| Jul 31, 2022 | 57.36% |
| Apr 30, 2022 | 54.26% |
| Jan 31, 2022 | 51.95% |
| Oct 31, 2021 | 57.55% |