HQY HealthEquity (HQY) Q1 FY27 earnings call
HealthEquity delivered strong Q1 FY27 results, driven by disciplined execution, expanding adjusted EBITDA margins, and accelerating growth in HSA accounts and assets. The company raised its full-year guidance, reflecting confidence in its financial model and strategic initiatives, including significant investments in AI and an expanded share repurchase program. This quarter highlights HealthEquity's evolution towards a comprehensive healthcare financial operating system, enhancing member engagement and operational efficiency.
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HQY operating KPIs by quarter
| KPI | Jan 2026 Q4 FY26 | This call Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|
| New HSAs added | 550KIn the fourth quarter, we delivered 23% adjusted EBITDA growth and more than 500 basis points of adjusted EBITDA margin expansion, while adding a record 550,000 HSAs, resulting in more than 1 million new HSAs from sales for the year, bringing total accounts to 17.8 million and HSA Assets to more than $36 billion.Source: earnings call transcript | 172KNew HSAs from sales grew 15%, introducing 172,000 new HSAs to our platform.Source: earnings call transcript | — | -68.7% |
| App downloads | 3.6M+We now have more than 3.6 million downloads of our app, reflecting the growing adoption of digital-first healthcare.Source: earnings call transcript | — | 5M+Monthly active users on the app reached 1.4 million in July, up 62% year-over-year, while total app downloads exceeded 5 million.Source: earnings call transcript | — |
| Clients | 100K+That level of growth reflects the deeply integrated proprietary compliant platform with more than 200 network partners in over 100,000 clients, supported by a member first secure mobile experience.Source: earnings call transcript | — | ~100KSo, look, I mean, one of the benefits of having around 100,000 or more clients is we see all different types, right?Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.