HealthEquity (HQY) Revenue & Revenue Breakdown

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HealthEquity Revenue Highlights

Latest Revenue (Y)

$1.31B

Latest Revenue (Q)

$350.73M

Main Segment (Y)

Financial Service, Other

HealthEquity Revenue by Period

HealthEquity Revenue by Year

Date	Revenue	Change
2026-01-31	$1.31B	9.47%
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 $1.31B in revenue during NA 2026, up 9.47% compared to the previous quarter, and up 179.05% compared to the same period a year ago.

HealthEquity Revenue by Quarter

Date	Revenue	Change
2026-07-31	$350.73M	-1.10%
2026-04-30	$354.64M	5.99%
2026-01-31	$334.59M	3.86%
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 $350.73M in revenue during Q2 2027, up -1.10% compared to the previous quarter, and up 106.01% compared to the same period a year ago.

HealthEquity Revenue Breakdown

HealthEquity Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Jan 26	Jan 25	Jan 24	Jan 23	Jan 22
Service	$485.02M	$478.32M	$455.69M	$430.20M	$426.91M
Financial Service, Other	$636.80M	$545.41M	$386.59M	$283.11M	$202.82M
Credit and Debit Card	$191.61M	$176.04M	$157.30M	$148.44M	$126.83M

HealthEquity's latest annual revenue breakdown by segment (product or service), as of Jan 26: Financial Service, Other (48.48%), Service (36.93%), and Credit and Debit Card (14.59%).

Quarterly Revenue by Product

Product/Service	Jul 26	Apr 26	Jan 26	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
Service	$124.44M	$122.93M	$127.08M	$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
Credit and Debit Card	$50.35M	$57.38M	$46.10M	$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
Financial Service, Other	$175.94M	$174.33M	$161.40M	$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

HealthEquity's latest quarterly revenue breakdown by segment (product or service), as of Jul 26: Financial Service, Other (50.16%), Service (35.48%), and Credit and Debit Card (14.36%).

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
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
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

Ticker	Company	Last Year Revenue	Last Quarter Revenue
MOH	Molina Healthcare	$45.43B	$10.87B
DVA	DaVita	$13.64B	$3.55B
HSIC	Henry Schein	$13.18B	$3.37B
BTSG	BrightSpring Health Services	$12.91B	$3.87B
GMED	Globus Medical	$2.94B	$789.61M
BIO	Bio-Rad Laboratories	$2.58B	$651.00M
HIMS	Hims & Hers Health	$2.35B	$753.21M
PEN	Penumbra	$1.40B	$390.05M
HQY	HealthEquity	$1.31B	$350.73M
CORT	Corcept Therapeutics	$761.41M	$256.15M

HQY Revenue FAQ

What is HealthEquity’s yearly revenue?

HealthEquity's yearly revenue for 2026 was $1.31B, representing an increase of 9.47% compared to 2025. The company's yearly revenue for 2025 was $1.2B, representing an increase of 20.03% compared to 2024. HQY's yearly revenue for 2024 was $999.59M, representing an increase of 16.00% compared to 2023.

What is HealthEquity’s quarterly revenue?

HealthEquity's quarterly revenue for Q2 2027 was $350.73M, a -1.10% decrease from the previous quarter (Q1 2027), and a 7.64% increase year-over-year (Q2 2026). The company's quarterly revenue for Q1 2027 was $354.64M, a 5.99% increase from the previous quarter (Q4 2026), and a 7.19% increase year-over-year (Q1 2026). HQY's quarterly revenue for Q4 2026 was $334.59M, a 3.86% increase from the previous quarter (Q3 2026), and a 7.30% increase year-over-year (Q4 2025).

What is HealthEquity’s revenue growth rate?

HealthEquity's revenue growth rate for the last 3 years (2024-2026) was 31.40%, and for the last 5 years (2022-2026) was 73.61%.

What are HealthEquity’s revenue streams?

HealthEquity's revenue streams in n 26 are Service, Financial Service, Other, and Credit and Debit Card. Service generated $485.02M in revenue, accounting 36.93% of the company's total revenue, up 1.40% year-over-year. Financial Service, Other generated $636.8M in revenue, accounting 48.48% of the company's total revenue, up 16.76% year-over-year. Credit and Debit Card generated $191.61M in revenue, accounting 14.59% of the company's total revenue, up 8.84% year-over-year.

What is HealthEquity’s main source of revenue?

For the fiscal year ending Jan 26, the largest source of revenue of HealthEquity was Financial Service, Other. This segment made a revenue of $636.8M, representing 48.48% of the company's total revenue.