Quarterly ResultMay 28, 2026, 04:09 PM
HealthEquity Q1 Net Income +29% to $69.4M; Raises Guidance; $1B Buyback
AI Summary
HealthEquity, Inc. reported strong financial results for its first quarter ended April 30, 2026, with net income increasing 29% to $69.4 million and revenue growing 7% to $354.6 million. The company also announced a 17% rise in Adjusted EBITDA to $164.5 million and a 19% increase in total HSA assets to $37.1 billion. Following these results, HealthEquity raised its fiscal year 2027 guidance and authorized an additional $1.0 billion for its common stock repurchase program, reflecting confidence in its long-term growth and cash generation.
Key Highlights
- Net income increased 29% to $69.4 million for Q1 2026.
- Adjusted EBITDA rose 17% to $164.5 million, with margin expanding to 46%.
- Revenue grew 7% to $354.6 million in the first quarter.
- Diluted EPS increased 34% to $0.82; non-GAAP diluted EPS rose 28% to $1.24.
- Total HSA Assets grew 19% year-over-year to $37.1 billion.
- Board authorized an additional $1.0 billion for common stock repurchases.
- Fiscal year 2027 revenue guidance raised to $1.410 billion to $1.420 billion.
- Fiscal year 2027 Adjusted EBITDA guidance raised to $625 million to $633 million.
Price Impact
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