HealthEquity (HQY) Stock Insights
HQY$101.25+0.37 +0.37%
$8.38B
Market Cap
37.25
P/E
21.43
Forward P/E
61
Score
HealthEquity (HQY) Stock Insights
HQY price $101.25 +0.37 +0.37%
- Ticker
- HQY
- Price
- $101.25
- Change
- +0.37 +0.37%
- Market cap ?
- $8.38B
- P/E ?
- 37.25
- Forward P/E ?
- 21.43
- Dividend yield ?
- 0.00%
- Beta ?
- 0.24
- Sector
- Healthcare
- Industry
- Medical - Healthcare Information Services
- Stocklytics score
- 61
- Value
- 42
- Quality
- 78
- Growth
- 63
Stocklytics score rationale: value 42, quality 78, growth 63.
Financials
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| 178370000 | 229525000 | 287243000 | 531993000 | 733570000 | 756556000 | 861748000 | 999587000 | 1199774000 | 1313429000 |
Headquartered in Draper, Utah, and established in 2002, HealthEquity, Inc. furnishes technology-powered service platforms to both individual consumers and employers across the United States. The company provides cloud-based solutions designed to assist individuals in overseeing their healthcare expenditures and savings. These platforms enable users to make informed decisions about their health finances, pay medical…
Fair value
HQY fair value $166.72. Price $101.25. Price is 39% below fair value.
Below fair value, and cheaper than usual. A larger discount than on 78% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 471.67M. Growth 7.90%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 82.72M. Net debt 682.55M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-12-02 | — | 1.16 | — | 347.24M |
| 2026-08-27 | 1.24 | 1.19 | 350.70M | 349.22M |
| 2026-05-28 | 1.24 | 1.11 | 354.64M | 352.02M |
| 2026-03-17 | 0.95 | 0.89 | 334.60M | 332.32M |
| 2025-12-03 | 1.01 | 0.91 | 322.20M | 320.63M |
| 2025-09-02 | 1.08 | 0.91 | 325.80M | 320.74M |
| 2025-06-03 | 0.97 | 0.81 | 330.80M | 322.28M |
| 2025-03-18 | 0.69 | 0.71 | 311.80M | 305.82M |
| 2024-12-09 | 0.78 | 0.71 | 300.40M | 290.09M |
| 2024-09-03 | 0.86 | 0.70 | 299.93M | 285.13M |
| 2024-06-03 | 0.80 | 0.66 | 287.60M | 277.91M |
| 2024-03-19 | 0.63 | 0.56 | 262.40M | 258.69M |
| 2023-12-05 | 0.60 | 0.50 | 249.20M | 243.61M |
| 2023-09-05 | 0.53 | 0.48 | 243.55M | 239.96M |
| 2023-06-05 | 0.50 | 0.41 | 244.43M | 239.39M |
| 2023-03-21 | 0.37 | 0.35 | 233.84M | 230.73M |
| 2022-12-06 | 0.38 | 0.35 | 216.09M | 206.79M |
| 2022-09-06 | 0.33 | 0.33 | 206.14M | 203.88M |
| 2022-06-06 | 0.27 | 0.26 | 205.68M | 203.98M |
| 2022-03-22 | 0.20 | 0.22 | 203.30M | 199.88M |
| 2021-12-06 | 0.35 | 0.35 | 179.95M | 198.47M |
| 2021-09-08 | 0.40 | 0.36 | 189.10M | 205.55M |
| 2021-06-07 | 0.38 | 0.32 | 184.20M | 181.38M |
| 2021-03-15 | 0.42 | 0.40 | 188.17M | 178.76M |
| 2020-12-07 | 0.41 | 0.36 | 179.35M | 176.82M |
| 2020-09-08 | 0.42 | 0.27 | 176.04M | 113.17M |
| 2020-06-02 | 0.43 | 0.44 | 190.01M | 194.43M |
| 2020-03-16 | 0.39 | 0.35 | 201.20M | 180.56M |
| 2019-12-03 | 0.47 | 0.22 | 157.12M | 119.31M |
| 2019-09-03 | 0.45 | 0.35 | 86.62M | 67.37M |
| 2019-06-04 | 0.41 | 0.33 | 87.05M | 70.07M |
| 2019-03-18 | 0.27 | 0.22 | 75.78M | 61.74M |
| 2018-12-04 | 0.28 | 0.25 | 70.50M | 62.94M |
| 2018-09-04 | 0.34 | 0.28 | 71.07M | 58.53M |
| 2018-06-04 | 0.31 | 0.28 | 69.90M | 63.14M |
| 2018-03-19 | 0.06 | 0.06 | 60.44M | 49.45M |
| 2017-12-05 | 0.17 | 0.13 | 56.79M | 43.43M |
| 2017-09-05 | 0.27 | 0.15 | 56.88M | 40.63M |
| 2017-06-06 | 0.16 | 0.16 | 55.42M | 46.67M |
| 2017-03-21 | 0.07 | 0.04 | 46.81M | 43.45M |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency —.
Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| No data yet. | ||||
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-15 | Rajasekar Sunil | Buy | 108 | $90.33 | 9.76K |
| 2026-10-06 | Ladd Delano | Sell | 1.08K | $91.16 | 98.45K |
| 2026-10-06 | Fiore Michael Henry | Sell | 2.03K | $91.16 | 185.23K |
| 2026-10-06 | Neeleman Stephen | Sell | 1.09K | $91.16 | 99.82K |
| 2026-10-06 | Gathright Michael | Sell | 662 | $91.16 | 60.34K |
| 2026-10-06 | Lucania James M | Sell | 2.82K | $91.16 | 257.24K |
| 2026-10-06 | Cutler Scott | Sell | 1.23K | $91.16 | 112.12K |
| 2026-09-24 | Heuland Noemie Clemence | Other | 0 | — | — |
| 2026-09-17 | Neeleman Stephen | Sell | 1.50K | — | — |
| 2026-08-25 | DILLON ADRIAN T | Buy | 7.63K | $32.50 | 248.04K |
| 2026-08-25 | DILLON ADRIAN T | Sell | 6.30K | $104.47 | 658.17K |
| 2026-08-25 | DILLON ADRIAN T | Sell | 1.33K | $105.26 | 140.20K |
| 2026-08-25 | DILLON ADRIAN T | Sell | 7.63K | $32.50 | 248.04K |
| 2026-08-24 | Rajasekar Sunil | Sell | 108 | $105.60 | 11.40K |
| 2026-07-10 | Fiore Michael Henry | Sell | 2.35K | $95.00 | 223.63K |
| 2026-07-09 | Gathright Michael | Sell | 2.27K | $93.07 | 211.26K |
| 2026-07-08 | Rajasekar Sunil | Buy | 23 | $95.06 | 2.19K |
| 2026-07-08 | Neeleman Stephen | Sell | 1.10K | $95.08 | 104.88K |
| 2026-07-08 | Lucania James M | Sell | 2.84K | $95.08 | 269.94K |
| 2026-07-08 | Ladd Delano | Sell | 1.09K | $95.08 | 103.36K |
| 2026-07-08 | Cutler Scott | Sell | 1.24K | $95.08 | 117.71K |
| 2026-07-08 | Fiore Michael Henry | Sell | 2.04K | $95.08 | 194.44K |
| 2026-07-02 | Fiore Michael Henry | Sell | 2.47K | $95.00 | 234.65K |
| 2026-06-25 | Gassen William | Buy | 2.88K | — | — |
| 2026-06-25 | Natarajan Rajesh | Buy | 2.88K | — | — |
| 2026-06-25 | McCowan Debra Charlotte | Buy | 2.88K | — | — |
| 2026-06-25 | Parker Stuart B. | Buy | 2.88K | — | — |
| 2026-06-25 | Wellborn Gayle Furgurson | Buy | 2.88K | — | — |
| 2026-06-25 | DILLON ADRIAN T | Buy | 2.88K | — | — |
| 2026-06-25 | Dilsaver Evelyn S | Buy | 2.88K | — | — |
| 2026-06-25 | SELANDER ROBERT W | Buy | 2.88K | — | — |
| 2026-05-29 | Fiore Michael Henry | Sell | 3.14K | $95.00 | 298.49K |
| 2026-05-28 | Wellborn Gayle Furgurson | Buy | 2.44K | $47.21 | 115.15K |
| 2026-05-28 | Wellborn Gayle Furgurson | Sell | 2.44K | $90.00 | 219.51K |
| 2026-05-28 | Wellborn Gayle Furgurson | Sell | 2.44K | $47.21 | 115.15K |
| 2026-05-28 | Ladd Delano | Sell | 7.50K | $90.00 | 675.00K |
| 2026-04-22 | Rajasekar Sunil | Sell | 23 | $82.81 | 1.90K |
| 2026-04-17 | Rajasekar Sunil | Other | 0 | — | — |
| 2026-04-17 | Rajasekar Sunil | Other | 0 | — | — |
| 2026-04-06 | Neeleman Stephen | Sell | 2.56K | $83.84 | 214.54K |
| 2026-04-06 | Ladd Delano | Sell | 2.48K | $83.84 | 208.00K |
| 2026-04-06 | Fiore Michael Henry | Sell | 3.38K | $83.84 | 283.20K |
| 2026-04-06 | Rosner Elimelech | Sell | 4.77K | $83.84 | 399.73K |
| 2026-04-06 | Lucania James M | Sell | 4.39K | $83.84 | 368.29K |
| 2026-04-06 | Cutler Scott | Sell | 4.93K | $83.84 | 413.40K |
| 2026-03-31 | Ladd Delano | Sell | 7.73K | $82.53 | 637.60K |
| 2026-03-31 | Neeleman Stephen | Sell | 9.29K | $82.53 | 766.84K |
| 2026-03-31 | Rosner Elimelech | Sell | 18.01K | $82.53 | 1.49M |
| 2026-03-26 | Gassen William | Other | 0 | — | — |
| 2026-03-25 | Ladd Delano | Buy | 20.45K | — | — |
| 2026-03-25 | Ladd Delano | Buy | 15.16K | — | — |
| 2026-03-25 | Gathright Michael | Buy | 15.16K | — | — |
| 2026-03-25 | Neeleman Stephen | Buy | 23.86K | — | — |
| 2026-03-25 | Neeleman Stephen | Buy | 15.91K | — | — |
| 2026-03-25 | Fiore Michael Henry | Buy | 17.58K | — | — |
| 2026-03-25 | Rosner Elimelech | Buy | 40.90K | — | — |
| 2026-03-25 | Rosner Elimelech | Buy | 19.70K | — | — |
| 2026-03-25 | Lucania James M | Buy | 27.28K | — | — |
| 2026-03-25 | Cutler Scott | Buy | 72.75K | — | — |
| 2026-02-02 | Parker Stuart B. | Buy | 1.26K | — | — |
| 2026-02-02 | Natarajan Rajesh | Buy | 976 | — | — |
| 2026-01-12 | Cutler Scott | Sell | 12.50K | $89.83 | 1.12M |
| 2026-01-09 | Fiore Michael Henry | Sell | 1.74K | $95.24 | 166.09K |
| 2026-01-09 | Lucania James M | Sell | 2.47K | $95.24 | 235.23K |
| 2026-01-09 | Rosner Elimelech | Sell | 2.07K | $95.24 | 197.52K |
| 2026-01-09 | Neeleman Stephen | Sell | 791 | $95.24 | 75.33K |
| 2026-01-09 | Ladd Delano | Sell | 739 | $95.24 | 70.38K |
| 2025-12-19 | Neeleman Stephen | Sell | 140.00K | — | — |
| 2025-12-19 | Neeleman Stephen | Buy | 140.00K | — | — |
| 2025-12-19 | Ladd Delano | Sell | 1.50K | $94.72 | 142.08K |
| 2025-12-18 | Rosner Elimelech | Sell | 10.96K | $95.45 | 1.05M |
| 2025-12-17 | Neeleman Stephen | Sell | 500 | — | — |
| 2025-12-12 | Wellborn Gayle Furgurson | Buy | 4.34K | $50.41 | 218.73K |
| 2025-12-12 | Wellborn Gayle Furgurson | Sell | 4.34K | $98.03 | 425.33K |
| 2025-12-12 | Wellborn Gayle Furgurson | Sell | 4.34K | $50.41 | 218.73K |
| 2025-11-20 | Ladd Delano | Sell | 1.50K | $104.56 | 156.84K |
| 2025-10-20 | Ladd Delano | Sell | 1.50K | $92.07 | 138.10K |
| 2025-10-07 | Fiore Michael Henry | Sell | 1.78K | $88.21 | 157.10K |
| 2025-10-06 | Ladd Delano | Sell | 977 | $88.57 | 86.53K |
| 2025-10-06 | Lucania James M | Sell | 2.39K | $88.57 | 211.94K |
| 2025-10-06 | Neeleman Stephen | Sell | 1.06K | $88.57 | 93.70K |
| 2025-10-06 | Fiore Michael Henry | Sell | 1.65K | $88.57 | 146.05K |
| 2025-10-06 | Rosner Elimelech | Sell | 3.01K | $88.57 | 266.23K |
| 2025-09-19 | Ladd Delano | Sell | 5.00K | $93.91 | 469.57K |
| 2025-09-19 | Ladd Delano | Sell | 971 | $95.06 | 92.30K |
| 2025-09-19 | Ladd Delano | Sell | 29 | $95.70 | 2.78K |
| 2025-09-05 | Dilsaver Evelyn S | Buy | 15.00K | $21.27 | 319.05K |
| 2025-09-05 | Dilsaver Evelyn S | Sell | 3.46K | $93.30 | 322.92K |
| 2025-09-05 | Dilsaver Evelyn S | Sell | 15.00K | $21.27 | 319.05K |
| 2025-07-28 | Neeleman Stephen | Sell | 3.00K | — | — |
| 2025-07-07 | Gathright Michael | Other | 0 | — | — |
| 2025-07-07 | Fiore Michael Henry | Sell | 1.09K | $101.50 | 111.04K |
| 2025-07-07 | Fiore Michael Henry | Sell | 700 | $102.09 | 71.46K |
| 2025-07-03 | Ladd Delano | Sell | 970 | $100.87 | 97.85K |
| 2025-07-03 | Lucania James M | Sell | 2.38K | $100.87 | 239.57K |
| 2025-07-03 | Neeleman Stephen | Sell | 1.05K | $100.87 | 105.81K |
| 2025-07-03 | Rosner Elimelech | Sell | 2.98K | $100.87 | 300.80K |
| 2025-07-03 | Fiore Michael Henry | Sell | 1.64K | $100.87 | 165.03K |
| 2025-06-26 | Dilsaver Evelyn S | Buy | 2.00K | — | — |
| 2025-06-26 | SELANDER ROBERT W | Buy | 2.00K | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 509, holders +14 vs prior quarter. Ownership 109.04%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 11.28M | 745.52K | +7.08% | 1.02B |
| WASATCH ADVISORS LP | 7.96M | 757.80K | +10.52% | 719.01M |
| MORGAN STANLEY | 4.55M | 2.06M | +82.92% | 410.70M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 4.06M | -105.95K | -2.54% | 366.49M |
| VANGUARD CAPITAL MANAGEMENT LLC | 3.64M | -183.03K | -4.79% | 328.83M |
| STATE STREET CORP | 3.24M | 141.15K | +4.55% | 292.72M |
| GEODE CAPITAL MANAGEMENT, LLC | 2.37M | 114.82K | +5.08% | 214.50M |
| AQR CAPITAL MANAGEMENT LLC | 2.00M | -93.01K | -4.45% | 176.05M |
| DIMENSIONAL FUND ADVISORS LP | 1.87M | 242.00K | +14.87% | 168.79M |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 1.77M | 113.61K | +6.85% | 160.16M |
| FMR LLC | 1.54M | 403.45K | +35.55% | 138.95M |
| BROWN ADVISORY INC | 1.37M | -40.16K | -2.84% | 123.98M |
| CLEARBRIDGE INVESTMENTS, LLC | 1.30M | -13.21K | -1.01% | 117.12M |
| SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. | 1.19M | 1.19M | New | 107.38M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.19M | 13.56K | +1.15% | 107.38M |
| GREENHOUSE FUNDS LLLP | 1.18M | -74.83K | -5.95% | 106.85M |
| GENEVA CAPITAL MANAGEMENT LLC | 1.15M | -24.39K | -2.08% | 103.84M |
| BANK OF AMERICA CORP /DE/ | 1.15M | 284.73K | +33.03% | 103.57M |
| JPMORGAN CHASE & CO | 1.16M | -24.57K | -2.08% | 102.10M |
| DAVENPORT & CO LLC | 1.09M | 71.78K | +7.07% | 98.20M |
| NORTHERN TRUST CORP | 1.07M | 35.95K | +3.47% | 96.83M |
| GOLDMAN SACHS GROUP INC | 1.01M | 206.62K | +25.80% | 90.99M |
| PRICE T ROWE ASSOCIATES INC /MD/ | 994.55K | 191.12K | +23.79% | 89.83M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 965.81K | 965.81K | New | 87.23M |
| ATALAN CAPITAL PARTNERS, LP | 915.27K | 31.60K | +3.58% | 82.67M |
Insights
- Revenue by product
| Period | Value |
|---|---|
| FY2019 | Credit and Debit Card: 60501000.0, Financial Service, Other: 126178000.0, Service: 100564000.0 |
| FY2020 | Credit and Debit Card: 87233000.0, Financial Service, Other: 181892000.0, Service: 262868000.0 |
| FY2021 | Credit and Debit Card: 111671000.0, Financial Service, Other: 190933000.0, Service: 430966000.0 |
| FY2022 | Credit and Debit Card: 126829000.0, Financial Service, Other: 202817000.0, Service: 426910000.0 |
| FY2023 | Credit and Debit Card: 148440000.0, Financial Service, Other: 283112000.0, Service: 430196000.0 |
| FY2024 | Credit and Debit Card: 157303000.0, Financial Service, Other: 386594000.0, Service: 455690000.0 |
| FY2025 | Credit and Debit Card: 176043000.0, Financial Service, Other: 545414000.0, Service: 478317000.0 |
| FY2026 | Credit and Debit Card: 191607000.0, Financial Service, Other: 636800000.0, Service: 485022000.0 |
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