Healthequity (HQY) Net Margin (2013 - 2026)
Healthequity (HQY) posted quarterly Net Margin of 19.57% for Q2 2026, up 327.0% year-over-year from 4.58% in Q2 2025, and up 31.6% quarter-over-quarter from 14.87% in Q1 2026.
Healthequity (HQY) Net Margin (2013 - 2026) Analysis & Trends
Healthequity's Net Margin history runs 14 years deep, the most recent figure standing at 19.57% for Q2 2026.
- In Q2 2026, Net Margin rose 327.0% year-over-year to 19.57%; the TTM figure through Apr 2026 stood at 17.25% (up 745.0% YoY), while the FY2026 annual figure was 16.38%, up 832.0% from the prior year.
- Net Margin for Q2 2026 stood at 19.57%, up from 14.87% 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.
- The 5-year median for Net Margin is 7.17% (2023), against an average of 6.15%.
- The sharpest annual moves came in 2022 and 2023: Net Margin plunged 1900 bps in 2022, then surged 1605 bps in 2023.
- Healthequity's Net Margin stood at 0.76% in 2022, then jumped by 875 bps to 5.89% in 2023, then tumbled by 68 bps to 1.9% in 2024, then surged by 745 bps to 16.05% in 2025, then climbed by 22 bps to 19.57% in 2026.
- Business Quant data shows HQY's Net Margin at 19.57% in Q2 2026, 14.87% in Q1 2026, and 16.05% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 29.55% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 2.18% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 19.57% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | -11.87% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 20.25% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -22.10% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 12.78% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 15.53% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -24.57% |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 1.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 19.57% |
| Jan 31, 2026 | 14.87% |
| Oct 31, 2025 | 16.05% |
| Jul 31, 2025 | 18.37% |
| Apr 30, 2025 | 16.31% |
| 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% |
| Jul 31, 2021 | -2.02% |