Healthequity (HQY) Net Margin (2013 - 2026)
Healthequity (HQY) recorded Net Margin of 18.72% in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 0.35 percentage points from 18.37% a year earlier but down 0.86 percentage points from the prior quarter.
Healthequity (HQY) Net Margin (2013 - 2026) Analysis & Trends
On a TTM basis, Healthequity's Net Margin came in at 17.36% as of Jul 31, 2026, up 5.87 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 16.38%, up 8.32 percentage points from FY2025.
- Annual Net Margin has increased for four straight fiscal years, with a five-year change of +15.18 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Net Margin came in at 8.06% in FY2025 (+2.49 pp), 5.57% in FY2024 (+8.61 pp), -3.03% in FY2023 (+2.82 pp) and -5.85% in FY2022 (-7.06 pp).
- Quarterly Net Margin has ranged from -16.14% in fiscal Q4 2022 to 19.57% in fiscal Q1 2027 over the past five years.
- On a year-over-year basis, Net Margin has increased for six consecutive quarters, with an average year-over-year change of +3.91 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 16.05 percentage points in fiscal Q4 2023, against a drop of 19.00 percentage points in fiscal Q4 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 19.57% (Q1 2027), 14.87% (Q4 2026) and 16.05% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.14 Bn | 82.23 Bn | - | 42.89% |
| 2 | Bank of New York Mellon | 98.14 Bn | 37.51 Bn | - | 29.93% |
| 3 | Cme | 94.12 Bn | 94.12 Bn | - | 61.06% |
| 4 | Intercontinental Exchange | 85.35 Bn | 79.16 Bn | - | 26.53% |
| 5 | Nasdaq | 51.71 Bn | 49.14 Bn | 1.50 Bn | 20.02% |
| 6 | State Street | 47.94 Bn | 47.94 Bn | - | 25.35% |
| 7 | Interactive Brokers | 38.49 Bn | 31.95 Bn | - | 16.46% |
| 8 | Northern Trust | 30.99 Bn | 30.99 Bn | - | 58.35% |
| 9 | Cboe Global Markets | 28.76 Bn | 20.41 Bn | 731.60 Mn | 24.38% |
| 10 | Healthequity | 7.33 Bn | 6.18 Bn | 257.95 Mn | 18.72% |
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% |
Healthequity Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=HQY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "HQY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=HQY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();