Quarterly ResultMay 28, 2026, 04:03 PM
HealthEquity Increases Buyback by $1B; Q1 Net Income +29%
AI Summary
HealthEquity, Inc. announced strong financial results for its first quarter ended April 30, 2026, alongside an increase of $1.0 billion to its share repurchase program. The company reported a 29% increase in net income to $69.4 million and a 7% rise in revenue to $354.6 million. Adjusted EBITDA grew 17% to $164.5 million, with margins expanding to 46%. The company also raised its fiscal 2027 outlook, reflecting confidence in its growth model and cash-generating power.
Key Highlights
- HealthEquity's board authorized an additional $1.0 billion for its common stock repurchase program.
- Net income increased 29% to $69.4 million in Q1 2026, up from $53.9 million in Q1 2025.
- Adjusted EBITDA rose 17% to $164.5 million, with margin expanding to 46% from 42%.
- Revenue increased 7% to $354.6 million for the first quarter ended April 30, 2026.
- Diluted net income per share increased 34% to $0.82 from $0.61 year-over-year.
- Total HSA Assets grew 19% year-over-year to $37.1 billion as of April 30, 2026.
- Fiscal 2027 revenue outlook is $1.410 billion to $1.420 billion.
- Fiscal 2027 Adjusted EBITDA outlook is $625 million to $633 million.
Price Impact
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