HealthEquity (HQY) Revenue & Revenue Breakdown

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HealthEquity Revenue Highlights

Latest Revenue (Y)

$1.20B

Latest Revenue (Q)

$322.16M

Main Segment (Y)

Financial Service, Other

HealthEquity Revenue by Period

HealthEquity Revenue by Year

Date	Revenue	Change
2025-01-31	$1.20B	20.03%
2024-01-31	$999.59M	16.00%
2023-01-31	$861.75M	13.90%
2022-01-31	$756.56M	3.13%
2021-01-31	$733.57M	37.89%
2020-01-31	$531.99M	85.21%
2019-01-31	$287.24M	25.15%
2018-01-31	$229.53M	28.68%
2017-01-31	$178.37M	40.69%
2016-01-31	$126.79M	44.31%
2015-01-31	$87.86M	41.67%
2014-01-31	$62.02M	34.56%
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

Date	Revenue	Change
2025-10-31	$322.16M	-1.13%
2025-07-31	$325.83M	-1.51%
2025-04-30	$330.84M	6.10%
2025-01-31	$311.82M	3.79%
2024-10-31	$300.43M	0.17%
2024-07-31	$299.93M	4.29%
2024-04-30	$287.60M	9.61%
2024-01-31	$262.39M	5.28%
2023-10-31	$249.22M	2.33%
2023-07-31	$243.55M	-0.36%
2023-04-30	$244.43M	4.53%
2023-01-31	$233.84M	8.22%
2022-10-31	$216.09M	4.82%
2022-07-31	$206.14M	0.23%
2022-04-30	$205.68M	1.17%
2022-01-31	$203.30M	12.97%
2021-10-31	$179.95M	-4.84%
2021-07-31	$189.10M	2.66%
2021-04-30	$184.20M	-2.11%
2021-01-31	$188.17M	4.92%
2020-10-31	$179.35M	1.88%
2020-07-31	$176.04M	-7.35%
2020-04-30	$190.01M	-5.56%
2020-01-31	$201.20M	28.06%
2019-10-31	$157.12M	81.38%
2019-07-31	$86.62M	-0.49%
2019-04-30	$87.05M	14.88%
2019-01-31	$75.78M	7.49%
2018-10-31	$70.50M	-0.80%
2018-07-31	$71.07M	1.66%
2018-04-30	$69.90M	15.67%
2018-01-31	$60.44M	6.42%
2017-10-31	$56.79M	-0.16%
2017-07-31	$56.88M	2.63%
2017-04-30	$55.42M	18.39%
2017-01-31	$46.81M	7.97%
2016-10-31	$43.36M	-1.87%
2016-07-31	$44.19M	0.39%
2016-04-30	$44.01M	22.65%
2016-01-31	$35.89M	17.44%
2015-10-31	$30.56M	0.20%
2015-07-31	$30.49M	2.16%
2015-04-30	$29.85M	20.02%
2015-01-31	$24.87M	13.76%
2014-10-31	$21.86M	4.65%
2014-07-31	$20.89M	3.26%
2014-04-30	$20.23M	17.89%
2014-01-31	$17.16M	12.55%
2013-10-31	$15.25M	1.78%
2013-07-31	$14.98M	2.45%
2013-04-30	$14.62M	-

HealthEquity generated $322.16M in revenue during Q3 2026, up -1.13% compared to the previous quarter, and up 107.41% compared to the same period a year ago.

HealthEquity Revenue Breakdown

HealthEquity Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Jan 25	Jan 24	Jan 23	Jan 22	Jan 21
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
Service	$478.32M	$455.69M	$430.20M	$426.91M	$430.97M

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/Service	Oct 25	Jul 25	Apr 25	Jan 25	Oct 24	Jul 24	Apr 24	Jan 24	Oct 23	Jul 23	Apr 23	Jan 23	Oct 22	Jul 22	Apr 22	Jan 22	Oct 21	Jul 21	Apr 21	Jan 21
Service	$120.29M	$117.87M	$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
Credit and Debit Card	$42.81M	$48.09M	$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
Financial Service, Other	$159.07M	$159.88M	$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

HealthEquity's latest quarterly revenue breakdown by segment (product or service), as of Oct 25: Financial Service, Other (49.37%), Service (37.34%), and Credit and Debit Card (13.29%).

HealthEquity Revenue Breakdown by Country

Quarterly Revenue by Country

Country	Jan 23	Oct 22	Jul 22	Apr 22	Jan 22	Oct 21	Jul 21	Apr 21	Jan 21	Oct 20	Jul 20	Apr 20	Jan 20	Oct 19	Jul 19	Apr 19	Jan 19	Oct 18	Jul 18
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
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
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

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

Ticker	Company	Last Year Revenue	Last Quarter Revenue
MOH	Molina Healthcare	$40.65B	$20.99B
DVA	DaVita	$12.82B	$3.42B
HSIC	Henry Schein	$12.67B	$3.34B
BTSG	BrightSpring Health Services	$11.27B	$3.33B
BIO	Bio-Rad Laboratories	$2.57B	$653.00M
GMED	Globus Medical	$2.52B	$769.05M
HIMS	Hims & Hers Health	$1.48B	$598.98M
HQY	HealthEquity	$1.20B	$322.16M
PEN	Penumbra	$1.19B	$354.69M
CORT	Corcept Therapeutics	$675.04M	$207.64M

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 Q3 2026 was $322.16M, a -1.13% decrease from the previous quarter (Q2 2026), and a 7.23% increase year-over-year (Q3 2025). The company's quarterly revenue for Q2 2026 was $325.84M, a -1.51% decrease from the previous quarter (Q1 2026), and a 8.64% increase year-over-year (Q2 2025). HQY's quarterly revenue for Q1 2026 was $330.84M, a 6.10% increase from the previous quarter (Q4 2025), and a 15.04% increase year-over-year (Q1 2025).

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 Financial Service, Other, Credit and Debit Card, and Service. 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. Service generated $478.32M in revenue, accounting 39.87% of the company's total revenue, up 4.97% 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.