HealthEquity (HQY) Revenue & Revenue Breakdown


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HealthEquity Revenue Highlights


Latest Revenue (Y)

$1.20B

Latest Revenue (Q)

$311.82M

Main Segment (Y)

Financial Service, Other

HealthEquity Revenue by Period


HealthEquity Revenue by Year

DateRevenueChange
2025-01-31$1.20B20.03%
2024-01-31$999.59M16.00%
2023-01-31$861.75M13.90%
2022-01-31$756.56M3.13%
2021-01-31$733.57M37.89%
2020-01-31$531.99M85.21%
2019-01-31$287.24M25.15%
2018-01-31$229.53M28.68%
2017-01-31$178.37M40.69%
2016-01-31$126.79M44.31%
2015-01-31$87.86M41.67%
2014-01-31$62.02M34.56%
2013-01-31$46.09M-

HealthEquity generated $1.20B in revenue during NA 2025, up 20.03% compared to the previous quarter, and up 225.52% compared to the same period a year ago.

HealthEquity Revenue by Quarter

DateRevenueChange
2025-01-31$311.82M3.79%
2024-10-31$300.43M0.17%
2024-07-31$299.93M4.29%
2024-04-30$287.60M9.61%
2024-01-31$262.39M5.28%
2023-10-31$249.22M2.33%
2023-07-31$243.55M-0.36%
2023-04-30$244.43M4.53%
2023-01-31$233.84M8.22%
2022-10-31$216.09M4.82%
2022-07-31$206.14M0.23%
2022-04-30$205.68M1.17%
2022-01-31$203.30M12.97%
2021-10-31$179.95M-4.84%
2021-07-31$189.10M2.66%
2021-04-30$184.20M-2.11%
2021-01-31$188.17M4.92%
2020-10-31$179.35M1.88%
2020-07-31$176.04M-7.35%
2020-04-30$190.01M-5.56%
2020-01-31$201.20M28.06%
2019-10-31$157.12M81.38%
2019-07-31$86.62M-0.49%
2019-04-30$87.05M14.88%
2019-01-31$75.78M7.49%
2018-10-31$70.50M-0.80%
2018-07-31$71.07M1.66%
2018-04-30$69.90M15.67%
2018-01-31$60.44M6.42%
2017-10-31$56.79M-0.16%
2017-07-31$56.88M2.63%
2017-04-30$55.42M18.39%
2017-01-31$46.81M7.97%
2016-10-31$43.36M-1.87%
2016-07-31$44.19M0.39%
2016-04-30$44.01M22.65%
2016-01-31$35.89M17.44%
2015-10-31$30.56M0.20%
2015-07-31$30.49M2.16%
2015-04-30$29.85M20.02%
2015-01-31$24.87M13.76%
2014-10-31$21.86M4.65%
2014-07-31$20.89M3.26%
2014-04-30$20.23M17.89%
2014-01-31$17.16M12.55%
2013-10-31$15.25M1.78%
2013-07-31$14.98M2.45%
2013-04-30$14.62M-

HealthEquity generated $311.82M in revenue during Q4 2025, up 3.79% compared to the previous quarter, and up 125.12% compared to the same period a year ago.

HealthEquity Revenue Breakdown


HealthEquity Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceJan 25Jan 24Jan 23Jan 22Jan 21
Service$478.32M$455.69M$430.20M$426.91M$430.97M
Financial Service, Other$545.41M$386.59M$283.11M$202.82M$190.93M
Credit and Debit Card$176.04M$157.30M$148.44M$126.83M$111.67M

HealthEquity's latest annual revenue breakdown by segment (product or service), as of Jan 25: Financial Service, Other (45.46%), Service (39.87%), and Credit and Debit Card (14.67%).

Quarterly Revenue by Product

Product/ServiceApr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20
Service$119.78M$124.21M$119.17M$116.72M$118.21M$118.58M$107.51M$105.72M$105.11M$114.23M$108.58M$103.03M$104.35M$112.46M$102.73M$109.18M$102.53M$111.33M$104.56M$103.81M
Financial Service, Other$156.46M$144.13M$140.95M$138.68M$121.64M$105.43M$106.58M$98.92M$94.44M$83.51M$74.64M$65.60M$59.37M$58.06M$49.01M$48.78M$46.98M$48.58M$48.54M$46.91M
Credit and Debit Card$54.60M$43.48M$40.30M$44.52M$47.74M$38.38M$35.13M$38.91M$44.88M$36.10M$32.86M$37.51M$41.97M$32.78M$28.21M$31.14M$34.69M$28.26M$26.25M$25.32M

HealthEquity's latest quarterly revenue breakdown by segment (product or service), as of Apr 25: Financial Service, Other (47.29%), Service (36.21%), and Credit and Debit Card (16.50%).

HealthEquity Revenue Breakdown by Country

Quarterly Revenue by Country

CountryJan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 19Oct 18Jul 18
Service$114.23M$108.58M$103.03M$104.35M$112.46M$102.73M$109.18M$102.53M$111.33M$104.56M$103.81M$111.27M$122.16M$87.62M$26.28M$26.81M$25.77M$25.04M$24.93M
Financial Service, Other$83.51M$74.64M$65.60M$59.37M$58.06M$49.01M$48.78M$46.98M$48.58M$48.54M$46.91M$46.90M$49.35M$46.97M$43.61M$41.95M$35.47M$31.56M$30.71M
Credit and Debit Card$36.10M$32.86M$37.51M$41.97M$32.78M$28.21M$31.14M$34.69M$28.26M$26.25M$25.32M$31.84M$29.69M$22.53M$16.73M$18.29M$14.54M$13.89M$15.42M

HealthEquity's latest quarterly revenue breakdown by geography, as of Jan 23: Service (48.85%), Financial Service, Other (35.71%), and Credit and Debit Card (15.44%).

HealthEquity Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
EVHEvolent Health$2.55B$646.54M
GMEDGlobus Medical$2.52B$657.29M
OLLIOllie's Bargain Outlet$2.27B$667.08M
PINCPremier$1.35B$240.27M
HQYHealthEquity$1.20B$311.82M
PGNYProgyny$1.17B$298.43M
OMCLOmnicell$1.11B$306.88M
APPFAppFolio$794.20M$217.70M
LOPEGrand Canyon Education-$292.57M

HQY Revenue FAQ


What is HealthEquity’s yearly revenue?

HealthEquity's yearly revenue for 2025 was $1.2B, representing an increase of 20.03% compared to 2024. The company's yearly revenue for 2024 was $999.59M, representing an increase of 16.00% compared to 2023. HQY's yearly revenue for 2023 was $861.75M, representing an increase of 13.90% compared to 2022.

What is HealthEquity’s quarterly revenue?

HealthEquity's quarterly revenue for Q4 2025 was $311.82M, a 3.79% increase from the previous quarter (Q3 2025), and a 18.84% increase year-over-year (Q4 2024). The company's quarterly revenue for Q3 2025 was $300.43M, a 0.17% increase from the previous quarter (Q2 2025), and a 20.55% increase year-over-year (Q3 2024). HQY's quarterly revenue for Q2 2025 was $299.93M, a 4.29% increase from the previous quarter (Q1 2025), and a 23.15% increase year-over-year (Q2 2024).

What is HealthEquity’s revenue growth rate?

HealthEquity's revenue growth rate for the last 3 years (2023-2025) was 39.23%, and for the last 5 years (2021-2025) was 63.55%.

What are HealthEquity’s revenue streams?

HealthEquity's revenue streams in n 25 are Service, Financial Service, Other, and Credit and Debit Card. Service generated $478.32M in revenue, accounting 39.87% of the company's total revenue, up 4.97% year-over-year. Financial Service, Other generated $545.41M in revenue, accounting 45.46% of the company's total revenue, up 41.08% year-over-year. Credit and Debit Card generated $176.04M in revenue, accounting 14.67% of the company's total revenue, up 11.91% year-over-year.

What is HealthEquity’s main source of revenue?

For the fiscal year ending Jan 25, the largest source of revenue of HealthEquity was Financial Service, Other. This segment made a revenue of $545.41M, representing 45.46% of the company's total revenue.