Healthequity (HQY) Net Margin (2013 - 2026)
Healthequity (HQY) posted Net Margin of 18.72% for Q3 2026, down 4.38% on a QoQ basis from 19.57% in Q2 2026, and up 35.0% year-over-year from 13.86% in Q3 2025.
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Healthequity (HQY) Net Margin (2013 - 2026) Analysis & Trends
Healthequity has reported Net Margin for 14 years, with the latest figure at 18.72% in Q3 2026.
- On a quarterly basis, Net Margin rose 35.0% year-over-year to 18.72% in Q3 2026; TTM through Jul 2026 was 17.36%, a 587.0% increase from a year earlier, with the FY2026 full-year figure at 16.38%, up 832.0% from the prior year.
- Net Margin was 18.72% for Q3 2026 at Healthequity, down from 19.57% in the prior quarter.
- The five-year high for Net Margin was 19.57% in Q2 2026, with the low at 16.14% in Q1 2022.
- Average Net Margin over 5 years is 6.81%, with a median of 8.46% recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: Net Margin plunged 1900 bps in 2022, then jumped 1605 bps in 2023.
- Over 5 years, Net Margin stood at 0.76% in 2022, then soared by 875 bps to 5.89% in 2023, then tumbled by 68 bps to 1.9% in 2024, then jumped by 745 bps to 16.05% in 2025, then advanced by 17 bps to 18.72% in 2026.
- The last three Net Margin figures came in at 18.72% (Q3 2026), 19.57% (Q2 2026), and 14.87% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank of New York Mellon | 111.85 Bn | 51.23 Bn | - | 29.93% |
| 2 | State Street | 53.36 Bn | 53.36 Bn | - | 25.35% |
| 3 | Northern Trust | 34.15 Bn | 34.15 Bn | - | 58.35% |
| 4 | Sei Investments | 13.24 Bn | 13.16 Bn | - | 31.10% |
| 5 | Healthequity | 7.97 Bn | 7.71 Bn | 257.95 Mn | 18.72% |
| 6 | AtlasClear Holdings | 28.46 Mn | -12.04 Mn | - | -45.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 18.72% |
| Apr 30, 2026 | 19.57% |
| Jan 31, 2026 | 14.87% |
| Oct 31, 2025 | 16.05% |
| Jul 31, 2025 | 18.37% |
| Apr 30, 2025 | 16.30% |
| Jan 31, 2025 | 8.46% |
| Oct 31, 2024 | 1.90% |
| Jul 31, 2024 | 11.94% |
| Apr 30, 2024 | 10.02% |
| Jan 31, 2024 | 10.05% |
| Oct 31, 2023 | 5.89% |
| Jul 31, 2023 | 4.34% |
| Apr 30, 2023 | 1.67% |
| Jan 31, 2023 | -0.09% |
| Oct 31, 2022 | -0.76% |
| Jul 31, 2022 | -5.17% |
| Apr 30, 2022 | -6.63% |
| Jan 31, 2022 | -16.14% |
| Oct 31, 2021 | -2.80% |