Latest revenue
$322.2M
as of 2025-10-31
Latest net income
$51.7M
as of 2025-10-31
Net margin
16.0%
as of 2025-10-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $7.44B
- Enterprise value
- $7.44B
- P/E (trailing)
- 34.6×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $116.65
- 52-wk low
- $72.76
- Beta
- —
- Shares out
- 84.5M
5-year trend
About HQY
Business description and risk factors will appear here once HQY's latest filing is fully ingested.
Profitability
Gross margin
69.5%
7.3%Operating margin
24.6%
81.4%Net margin
16.4%
103.3%Return on equity
10.2%
123.4%Return on assets
6.4%
127.0%Leverage
Debt / equity
0.60×
4.2%Long-term debt / equity
0.45×
9.0%Debt / assets
37.7%
2.6%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-01-31 | $334.6M | +7.3% | $49.7M | +88.7% | 14.9% |
Q4 2025 2025-10-31 | $322.2M | +7.2% | $51.7M | +806.4% | 16.0% |
Q3 2025 2025-07-31 | $325.8M | +8.6% | $59.9M | +67.1% | 18.4% |
Q2 2025 2025-04-30 | $330.8M | +15.0% | $53.9M | +87.1% | 16.3% |
Q1 2025 2025-01-31 | $311.8M | — | $26.4M | — | 8.5% |
Q4 2024 2024-10-31 | $300.4M | +20.5% | $5.7M | -61.1% | 1.9% |
Q3 2024 2024-07-31 | $299.9M | +23.1% | $35.8M | +238.6% | 11.9% |
Q2 2024 2024-04-30 | $287.6M | — | $28.8M | — | 10.0% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Business Services, NEC · SIC 7389
Your notes
Keep private notes on HQY — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$37.1M
Net activity
−$37.1M
Distinct insiders
6
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns HQY
Institutional value
$4.14B
Total shares held
50.7M
Distinct holders
317
+10 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 10.5M | $880.2M | -683.4K (-6.1%) | Trimmed |
| 2 | WASATCH ADVISORS LP | 7.2M | $601.9M | +613.3K (+9.3%) | Added |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 4.2M | $348.0M | — | New |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 3.8M | $319.6M | — | New |
| 5 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 1.7M | $138.7M | — | New |
| 6 | DIMENSIONAL FUND ADVISORS LP | 1.6M | $136.0M | +45.3K (+2.9%) | Added |
| 7 | Clearbridge Investments, LLC | 1.3M | $109.5M | -49.0K (-3.6%) | Trimmed |
| 8 | MACKENZIE FINANCIAL CORP | 1.3M | $107.1M | +109.9K (+9.4%) | Added |
| 9 | GENEVA CAPITAL MANAGEMENT LLC | 1.2M | $98.1M | +55.5K (+5.0%) | Added |
| 10 | JPMORGAN CHASE & CO | 1.2M | $96.4M | +18.1K (+1.6%) | Added |
| 11 | DAVENPORT & Co LLC | 1.0M | $84.9M | — | New |
| 12 | UBS Group AG | 786.7K | $65.7M | — | New |
| 13 | WESTFIELD CAPITAL MANAGEMENT CO LP | 712.8K | $59.6M | -1.2M (-63.5%) | Trimmed |
| 14 | Swedbank AB | 706.3K | $59.0M | — | New |
| 15 | Stephens Investment Management Group LLC | 684.6K | $57.2M | — | New |
| 16 | Nuveen, LLC | 680.5K | $56.9M | +6.4K (+0.9%) | Added |
| 17 | SEI INVESTMENTS CO | 602.7K | $50.4M | -66.2K (-9.9%) | Trimmed |
| 18 | Bank of New York Mellon Corp | 599.3K | $50.1M | -22.6K (-3.6%) | Trimmed |
| 19 | VANGUARD FIDUCIARY TRUST CO | 594.4K | $49.7M | — | New |
| 20 | Invesco Ltd. | 452.7K | $37.8M | -419.1K (-48.1%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once HQY's latest filing finishes processing.