HealthEquity (HQY) Revenue & Revenue Breakdown


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HealthEquity Revenue Highlights


Latest Revenue (Y)

$1.20B

Latest Revenue (Q)

$300.43M

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
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 $300.43M in revenue during Q3 2025, up 0.17% compared to the previous quarter, and up 123.36% 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
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/ServiceJan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20
Credit and Debit Card$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$31.84M
Service$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$111.27M
Financial Service, Other$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$46.90M

HealthEquity's latest quarterly revenue breakdown by segment (product or service), as of Jan 25: Financial Service, Other (46.22%), Service (39.83%), and Credit and Debit Card (13.94%).

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
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
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


TickerCompanyLast Year RevenueLast Quarter Revenue
GMEDGlobus Medical$2.52B$625.71M
OLLIOllie's Bargain Outlet$2.27B$517.43M
HQYHealthEquity$1.20B$300.43M
APPFAppFolio$794.20M$205.73M
LOPEGrand Canyon Education-$227.46M

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 2025 was $300.43M, a 0.17% increase from the previous quarter (Q2 2025), and a 20.55% increase year-over-year (Q3 2024). The company'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). HQY's quarterly revenue for Q1 2025 was $287.6M, a 9.61% increase from the previous quarter (Q4 2024), and a 17.66% increase year-over-year (Q1 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 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.