HQY is the ticker symbol for HEALTHEQUITY, INC., a publicly traded Industrials sector company listed on Nasdaq. 13F Pro tracks HQY with AI-powered analysis, an AI quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is HQY a good stock to buy?

13F Pro's AI ranking engine scores HQY at 71.3/100, ranked #184 of 2,925 stocks on a composite quality score built from its SEC filings, covering profitability, growth, balance sheet strength, and free cash flow. The full AI verdict and bull/bear case for HQY is available at https://13fpro.ai/company/HQY. Not investment advice — review the underlying SEC filings before making any trade.

Where does 13F Pro source HQY data?

All HEALTHEQUITY, INC. fundamentals and ownership data come directly from SEC EDGAR. HEALTHEQUITY, INC. files with the SEC under CIK 1428336. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

HEALTHEQUITY, INC. HQY

NasdaqMid CapIndustrials

13F Pro quality score

Rank #184 of 2,925TOP 10%

Why it scores 71 Industrials peers →

Rankings refresh quarterly once 80% of peers have filed. Next update: ~Nov 14, 2026.

Revenue

$350.73M

Quarter to Jul 31

Net income

$65.64M

Quarter to Jul 31

Free cash flow

$135.18M

Quarter to Jul 31

Operating margin

28.1%

Quarter to Jul 31

Top Institutional Holders

as of Q2 2026

$8.16B total

BlackRock, Inc.

$1.02B+7.1%

WASATCH ADVISORS LP

$719.01M+10.5%

MORGAN STANLEY

$410.70M+82.9%

VANGUARD PORTFOLIO MANAGEMENT LLC

$366.49M-2.5%

VANGUARD CAPITAL MANAGEMENT LLC

$328.83M-4.8%

STATE STREET CORP

$292.72M+4.6%

GEODE CAPITAL MANAGEMENT, LLC

$214.50M+5.1%

AQR CAPITAL MANAGEMENT LLC

$176.05M-4.4%

DIMENSIONAL FUND ADVISORS LP

$168.79M+14.9%

WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC

$160.16M+6.8%

FMR LLC

$138.95M+35.5%

BROWN ADVISORY INC

$123.98M-2.8%

Clearbridge Investments, LLC

$117.12M-1.0%

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$107.38M+1.2%

Greenhouse Funds LLLP

$106.85M-5.9%

GENEVA CAPITAL MANAGEMENT LLC

$103.84M-2.1%

BANK OF AMERICA CORP /DE/

$103.57M+33.0%

JPMORGAN CHASE & CO

$102.10M-2.1%

DAVENPORT & Co LLC

$98.20M+7.1%

NORTHERN TRUST CORP

$96.83M+3.5%

GOLDMAN SACHS GROUP INC

$90.99M+25.8%

PRICE T ROWE ASSOCIATES INC /MD/

$89.83M+23.8%

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP

$87.23MNew

Atalan Capital Partners, LP

$82.67M+3.6%

LOOMIS SAYLES & CO L P

$82.06M-2.5%

See all 502 institutional holders →

What's Driving HQY's Business? Latest 10-Q Breakdown

20/20 datapoints verified

AI-extracted from the 10-Q filed 2026-08-27 — Q2 FY2027 (quarter ended July 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Total revenue rose 8% to $350.7M as custodial revenue climbed 10% to $175.9M on a 3.83% HSA cash yield, lifting net income 10% to $65.6M.

Biggest Revenue Drivers

Custodial revenue$175.9M+10% YoY

Average annualized yield on HSA cash rose from 3.51% to 3.83% plus a $0.4B increase in average daily HSA cash

Service revenue$124.4M+6% YoY

Increases in marketplace revenue, Total Accounts, and HSA investments, partially offset by lower average service fees per account

Biggest Revenue Drivers

Total revenue: $350.7M+8% YoY

Custodial revenue$175.9M+10% YoY

Average annualized yield on HSA cash rose from 3.51% to 3.83% plus a $0.4B increase in average daily HSA cash

Service revenue$124.4M+6% YoY

Increases in marketplace revenue, Total Accounts, and HSA investments, partially offset by lower average service fees per account

Interchange revenue$50.4M+5% YoY

Increase in Total Accounts and spend per account, partially offset by a lower average rate earned on card transactions

Largest Expense Items

Technology and development$73.9M+14% YoY

Primarily an increase in software and cloud infrastructure costs

Service costs$73.2M-3% YoY

Efficiencies from technology investments and lower self-insured medical claims, partly offset by costs to support more Total Accounts

General and administrative$34.9M+16% YoY

Primarily an increase in personnel-related expenses

Amortization of acquired intangible assets$26.3M-3% YoY

Smaller carrying amount of intangible assets that have not been fully amortized

Margins: Gross profit reached $258.0M on flat cost of revenue. Adjusted EBITDA margin improved to 48% from 46%; management expects cost of revenue to decline as a percentage of revenue.

Watch Items from the Filing

Cash flow hedges swung to a $91.5M pre-tax unrealized loss; $6.1M of losses expected to be reclassified into custodial revenue within 12 months.
$2.3B of HSA cash reprices in the remainder of FY2027 at just a 1.5% current average yield, versus a 3.9% blended book yield.
CDB accounts fell 2% YoY to 7.0 million, offsetting 8% HSA growth; Total Accounts grew only 4% to 17.8 million.
Consolidated putative class action and regulatory inquiries over the fiscal 2025 cybersecurity incident; potential loss cannot be reasonably estimated and no accrual recorded.
Repurchased 1.2 million shares for $108.1M in the quarter; $948.4M remains authorized after a $1.0B increase in May 2026.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →

Key Metrics

Revenue

Q2 2027

EDGAR

Net Income

Q2 2027

EDGAR

EPS (Diluted)

Q2 2027

EDGAR

Operating Margin

Q2 2027

EDGAR

ROIC

Q2 2027

EDGAR

Free Cash Flow

Q2 2027

EDGAR

Debt/Equity

Q2 2027

EDGAR

Financial Trends

Revenue & Net Income

13fpro.ai/company/HQY

Earnings Per Share

13fpro.ai/company/HQY

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HEALTHEQUITY, INC. reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Op. marginOperating margin
FY 2026	10-K	$1.3B	$215.2M	24.6%
FY 2025	10-K	$1.2B	$96.7M	13.5%
FY 2024	10-K	$999.6M	$55.7M	11.8%
FY 2023	10-K	$861.7M	$-26.1M	1.1%
FY 2022	10-K	$756.6M	$-44.3M	-3.2%
FY 2021	10-K	$733.6M	$8.8M	4.6%

About HEALTHEQUITY, INC. (HQY): stock profile, AI score and financials

HEALTHEQUITY, INC. (HQY) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores HQY at 71.3/100 on a composite quality score built from its SEC filings, placing it at rank #184 of 2,925 stocks — the top 10% of the AI-ranked universe. HQY scores in the top quartile across free cash flow (89.2), profitability (81.7), institutional flow (81.0). Shareholder dilution risk is elevated at 22.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2027), HEALTHEQUITY, INC. reports quarterly revenue of $350.7M, net income of $65.6M, an operating margin of 28.1%. Top institutional holders of HQY by reported 13-F value include BlackRock, WASATCH ADVISORS, MORGAN STANLEY, based on the most recent SEC filings. HQY trades on the Nasdaq exchange and files with the SEC under CIK 1428336. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HQY daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HEALTHEQUITY, INC. directly from SEC EDGAR.

Financials through the period ended Jul 31, 2026SEC EDGAR: CIK 1428336 →

HEALTHEQUITY, INC. HQY

Top Institutional Holders

What's Driving HQY's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Biggest Revenue Drivers

Largest Expense Items

Watch Items from the Filing

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

HQY key financials by period

HQY insiders

Congress trading in HQY

About HEALTHEQUITY, INC. (HQY): stock profile, AI score and financials

HEALTHEQUITY, INC. HQY

Top Institutional Holders

What's Driving HQY's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

HQY key financials by period

Companies similar to HQY

HQY insiders

Congress trading in HQY

About HEALTHEQUITY, INC. (HQY): stock profile, AI score and financials