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HealthEquity (HQY) Reports Q1 Earnings: What Key Metrics Have to Say

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HealthEquity (HQY - Free Report) reported $330.84 million in revenue for the quarter ended April 2025, representing a year-over-year increase of 15%. EPS of $0.97 for the same period compares to $0.80 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $321.13 million, representing a surprise of +3.03%. The company delivered an EPS surprise of +19.75%, with the consensus EPS estimate being $0.81.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how HealthEquity performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total HSA Assets: $31.27 billion versus the three-analyst average estimate of $32.13 billion.
  • Total HSA investments: $14.21 billion versus the three-analyst average estimate of $14.46 billion.
  • CDBs Accounts: 7.17 million versus the three-analyst average estimate of 6.86 million.
  • Total Accounts: 17.06 million versus 16.92 million estimated by three analysts on average.
  • Total HSA cash: $17.07 billion compared to the $17.67 billion average estimate based on three analysts.
  • HSAs Accounts: 9.89 million compared to the 10.05 million average estimate based on three analysts.
  • Revenue- Service: $119.78 million versus the four-analyst average estimate of $119.18 million. The reported number represents a year-over-year change of +1.3%.
  • Revenue- Custodial: $156.46 million versus $151.45 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +28.6% change.
  • Revenue- Interchange: $54.61 million compared to the $49.71 million average estimate based on four analysts. The reported number represents a change of +14.4% year over year.
View all Key Company Metrics for HealthEquity here>>>

Shares of HealthEquity have returned +12.5% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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