HealthEquity Inc. (NASDAQ:HQY) reported first-quarter results that exceeded analyst expectations and raised its full-year guidance, sending shares up 3.9% in after-hours trading.
The health savings account custodian posted adjusted earnings per share of $1.24, beating the consensus of $1.11. Revenue reached $354.6 million, up 7% YoY from $330.8 million, slightly above estimates.
Adjusted EBITDA margin expanded to 46% from 42% a year ago. For fiscal 2027, the company guided adjusted EPS of $4.66-$4.73 and revenue of $1.41-$1.42 billion.
"HealthEquity delivered strong first-quarter results with EBITDA margin expanding to 46% and a raised outlook," said CEO Scott Cutler.
Net income rose 29% to $69.4 million. HSA accounts grew 8% to 10.6 million, while total HSA assets increased 19% to $37.1 billion.
The company repurchased 1.5 million shares for $123 million during the quarter. In May 2026, the board authorized an additional $1.0 billion for stock buybacks.
