HealthEquity Net Income Jumps 67% in Q2

(NASDAQ:HQY), a leading provider of Health Savings Account (HSA) custodial services in the United States, reported fiscal 2026 second-quarter earnings on Sept. 2. The release noted solid profit growth and improved margins, despite some deceleration in organic account expansion. GAAP revenue reached $325.8 million, up 9% year over year, and net income jumped to $59.9 million, up 67%. Adjusted earnings per share came in at $1.08, a 26% jump over the prior year's quarter.

Management modestly raised full-year revenue and earnings guidance for fiscal 2026 following these results. The period was marked by robust asset growth, cost improvements, and a strategic emphasis on digital adoption and security, though certain core growth areas, such as new HSA sales, showed signs of slowing in the first quarter of fiscal 2026.

Source: HealthEquity. Note: The second quarter of fiscal 2026 ended July 31, 2025.

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Source Fool.com