HQY HealthEquity (HQY) Q2 FY27 earnings call
HealthEquity delivered accelerated revenue growth and record adjusted EBITDA margins in Q2 FY27, driven by strong HSA momentum, deeper member engagement, and AI-enabled efficiency. The company raised its full-year guidance, reflecting confidence in its scalable model and ability to address rising healthcare affordability challenges through its integrated platform.
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HQY operating KPIs by quarter
| KPI | Jan 2026 Q4 FY26 | Apr 2026 Q1 FY27 | This call 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.