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HealthEquity stock: growth
HQYHealthEquity reported $1.31B in revenue for fiscal 2026, up 9.5% on the prior year, up 12.4% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
29.4%
per year from 2013 to 2026, per share 7.5%
Earnings (Annual rate)
25.6%
per year from 2013 to 2026, per share 13%
Free cash flow (Annual rate)
35.2%
per year from 2013 to 2026, per share 12.3%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2021 | since 2016 | since 2013 | |
|---|---|---|---|
| Revenue | 12.4% | 26.3% | 29.4% |
| Revenue per share | 9.1% | 21.2% | 7.5% |
| Earnings | 89.4% | 29.2% | 25.6% |
| Earnings per share | 83.5% | 24.0% | 13.0% |
| Free cash flow | 40.0% | no data | 35.2% |
| Free cash flow per share | 35.9% | no data | 12.3% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2013 | $46.09M | $11.17M | $9.03M |
| 2014 | $62.02M | $1.23M | $12.58M |
| 2015 | $87.86M | $10.17M | $6.91M |
| 2016 | $126.79M | $16.61M | −$23.22M |
| 2017 | $178.37M | $26.38M | $32.92M |
| 2018 | $229.53M | $47.36M | $48.32M |
| 2019 | $287.24M | $73.9M | $98.38M |
| 2020 | $531.99M | $39.66M | $63.78M |
| 2021 | $733.57M | $8.83M | $84.66M |
| 2022 | $756.56M | −$44.29M | $3.91M |
| 2023 | $861.75M | −$26.14M | $31.52M |
| 2024 | $999.59M | $55.71M | $196.75M |
| 2025 | $1.2B | $96.7M | $337.77M |
| 2026 | $1.31B | $215.2M | $455.13M |
Revenue by segment
How HealthEquity, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Financial Service, Other48%
- Service37%
- Credit and Debit Card15%
Figures as a table
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Financial Service, Other | $126.18M | $181.89M | $190.93M | $202.82M | $283.11M | $386.59M | $545.41M | $636.8M | 48.5% |
| Service | $100.56M | $262.87M | $430.97M | $426.91M | $430.2M | $455.69M | $478.32M | $485.02M | 36.9% |
| Credit and Debit Card | $60.5M | $87.23M | $111.67M | $126.83M | $148.44M | $157.3M | $176.04M | $191.61M | 14.6% |
| Total revenue | $287.24M | $531.99M | $733.57M | $756.56M | $861.75M | $999.59M | $1.2B | $1.31B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Jan 2026
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 22 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.