Healthequity (HQY) Net Margin (2013 - 2026)
Healthequity's quarterly Net Margin came in at 14.87% in Q1 2026, up 641.0% year-on-year from 2.01% in Q1 2025, and down 7.42% quarter-over-quarter from 16.06% in Q4 2025.
Healthequity has reported Net Margin for 14 years, with the latest figure at 14.87% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 641.0% year-over-year to 14.87%; the trailing twelve-month figure through Jan 2026 stood at 16.39% (up 833.0% YoY), and the FY2026 full-year result was 16.38%, up 832.0% from the prior year.
- Net Margin for Q1 2026 stood at 14.87%, down from 16.06% in the prior quarter.
- The five-year high for Net Margin was 18.37% in Q3 2025, with the low at 16.14% in Q1 2022.
- Average Net Margin over 5 years is 5.36%, with a median of 5.89% recorded in 2023.
- Year-over-year, Net Margin sank 1900 bps in 2022 and surged 1605 bps in 2023.
- Tracing HQY's Net Margin over 5 years: 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 soared by 746 bps to 16.06% in 2025, then fell by 7 bps to 14.87% in 2026.
- The last three Net Margin figures came in at 14.87% (Q1 2026), 16.06% (Q4 2025), and 18.37% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 29.21% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 2.06% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 19.57% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 18.66% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 13.15% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 13.80% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | -8.93% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 0.61% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 3.68% |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | -10.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 19.57% |
| Jan 31, 2026 | 14.87% |
| Oct 31, 2025 | 16.06% |
| 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 | 10.03% |
| 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% |
| Apr 30, 2021 | -1.42% |
| Jan 31, 2021 | 2.85% |
| Oct 31, 2020 | 1.00% |
| Jul 31, 2020 | -0.08% |
| Apr 30, 2020 | 0.96% |
| Jan 31, 2020 | -0.09% |
| Oct 31, 2019 | -13.58% |
| Jul 31, 2019 | 22.36% |
| Apr 30, 2019 | 48.04% |
| Jan 31, 2019 | 17.31% |
| Oct 31, 2018 | 22.25% |
| Jul 31, 2018 | 31.68% |
| Apr 30, 2018 | 32.30% |
| Jan 31, 2018 | 9.77% |
| Oct 31, 2017 | 18.46% |
| Jul 31, 2017 | 29.79% |
| Apr 30, 2017 | 25.31% |
| Jan 31, 2017 | 8.68% |
| Oct 31, 2016 | 13.86% |
| Jul 31, 2016 | 18.63% |
| Apr 30, 2016 | 18.34% |
| Jan 31, 2016 | 8.72% |
| Oct 31, 2015 | 13.38% |
| Jul 31, 2015 | 14.50% |
| Apr 30, 2015 | 16.67% |
| Jan 31, 2015 | 5.51% |
| Oct 31, 2014 | 13.89% |
| Jul 31, 2014 | 12.40% |
| Apr 30, 2014 | 19.03% |
| Jan 31, 2014 | -51.56% |
| Oct 31, 2013 | 3.98% |
| Jul 31, 2013 | 12.24% |
| Apr 30, 2013 | 11.97% |