| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 354.64 | 7.2% |
| Total Income | 354.64 | 7.2% |
| Expenditure | 251.69 | 1.6% |
| PBT | 92.41 | 30.3% |
| Net Profit | 69.42 | 28.8% |
| OPM | 29.03% | 3.92pp |
| NPM | 19.57% | 3.28pp |
| EPS | 0.82 | 32.3% |
HealthEquity Reports Q1 FY26 Revenue Up 7% to $354.6 Million
29 May 2026 · 29 May, 1:39 am
Summary
HealthEquity reported a 7% increase in revenue to $354.6 million for the first quarter ended April 30, 2026. Net income increased by 29% to $69.4 million, with net income margin rising to 20%. Adjusted EBITDA increased by 17% to $164.5 million, representing 46% of revenue. The company has raised its fiscal 2027 outlook and authorized an additional $1.0 billion for share repurchases.
Key Highlights
- 1
HealthEquity's net income increased 29% to $69.4 million in the first quarter of fiscal year 2026.
- 2
Adjusted EBITDA for the first quarter increased 17% to $164.5 million.
- 3
Revenue for the first quarter ended April 30, 2026, increased 7% to $354.6 million.
- 4
Net income per diluted share rose 34% to $0.82 in the first quarter.
- 5
Total HSA Assets grew 19% to $37.1 billion as of April 30, 2026.
- 6
The company returned $123.0 million to shareholders through stock repurchases during the quarter.
- 7
Management expects revenues of $1.410 billion to $1.420 billion for the fiscal year ending January 31, 2027.
Management Comments
Scott Cutler
HealthEquity delivered strong first‑quarter results, with Adjusted EBITDA margin expanding to 46% and a raised fiscal 2027 outlook. These results demonstrate that our flywheel is compounding through account and asset growth, deeper member engagement, technology‑enabled efficiency, and increasing operating leverage. As healthcare affordability structurally shifts more responsibility to consumers, demand for trusted healthcare financial solutions continues to expand. Our authorization of an additional $1 billion under our share repurchase program reflects our confidence in the durability and long-term cash-generating power of our model.
Informational and educational content only. Not investment advice.