Custodial was the largest of Healthequity, Inc.’s 3 reported lines in fiscal 2026, at $636.80M — 48% of $1.31B.
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2021 | FY 2021 | FY 2021 | FY 2022 | FY 2022 | FY 2022 | FY 2022 | FY 2023 | FY 2023 | FY 2023 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Service | — | — | — | — | $455.69M | $478.32M | $485.02M | ||||||||||||
| Service Revenue | $452.03M | $111.07M | $111.96M | $107.51M | — | — | — | ||||||||||||
| Custodial | — | — | — | — | $386.59M | $545.41M | $636.80M | ||||||||||||
| Custodial Revenue | $261.28M | $82.52M | $86.44M | $100.01M | — | — | — | ||||||||||||
| Interchange | — | — | — | — | $157.30M | $176.04M | $191.61M | ||||||||||||
| Interchange Revenue | $148.44M | $44.88M | $38.91M | $35.13M | — | — | — | ||||||||||||
| Total | $861.75M | $238.47M | $237.31M | $242.65M | $999.59M | $1.20B | $1.31B |
In fiscal 2026, which ended January 31, 2026, the 3 revenue lines Healthequity, Inc. reported in this breakdown added up to $1.31B. That was up 9.5% from $1.20B in fiscal 2025. Custodial was the largest revenue line, at $636.80M or 48.5% of the total, followed by Service ($485.02M, 36.9%) and Interchange ($191.61M, 14.6%). Together, the two largest revenue lines made up 85.4% of this total.
Compared with fiscal 2025, Custodial grew the fastest, rising 16.8% to $636.80M. Every sizeable revenue line reported in both years grew.
Service (fiscal 2024), Custodial (fiscal 2024) and Interchange (fiscal 2024) were first reported as separate revenue lines during this period. The table also keeps 3 revenue lines that Healthequity, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 3 discontinued" beneath the table to see them. This breakdown covers 19 fiscal years between 2017 and 2026, as reported in Healthequity, Inc.'s annual filings.
Prior Presentation was the largest of Healthequity, Inc.’s 2 reported lines in fiscal 2023, at $107.51M — 100% of $107.51M.
| Restatement | FY 2021 | FY 2021 | FY 2021 | FY 2022 | FY 2022 | FY 2022 | FY 2023 | FY 2023 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Prior Presentation | $102.53M | $298.29M | $102.73M | $104.35M | $309.18M | $108.58M | $105.11M | $349.27M | $107.51M |
| Reclassifications | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total | $102.53M | $298.29M | $102.73M | $104.35M | $309.18M | $108.58M | $105.11M | $349.27M | $107.51M |
In fiscal 2023, which ended October 31, 2023, the 2 revenue lines Healthequity, Inc. reported in this breakdown added up to $107.51M. That was down 69.2% from $349.27M in fiscal 2023. Prior Presentation was the largest revenue line, at $107.51M or 100.0% of the total.
Over fiscal 2021 to 2023, revenue across these revenue lines went from $102.53M to $107.51M, a compound annual growth rate of 2.4%. Prior Presentation held a steady share of about 100.0%.
This breakdown covers 9 fiscal years between 2021 and 2023, as reported in Healthequity, Inc.'s annual filings.
Healthequity, Inc. (HQY) breaks its revenue down by revenue line. In fiscal 2026, its largest revenue line was Custodial, with $636.80M or 48.5% of the total, followed by Service at $485.02M (36.9%).
Custodial was Healthequity, Inc.'s largest revenue line in fiscal 2026, with $636.80M in revenue, 48.5% of the $1.31B reported across its 3 revenue lines.
Of the Healthequity, Inc. revenue lines reported in both fiscal 2025 and fiscal 2026, and making up at least 2% of the total, Custodial grew the fastest, rising 16.8% from $545.41M to $636.80M.
Every figure is taken from Healthequity, Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by revenue line covers fiscal 2017 to 2026. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.