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HealthEquity HQY Interchange revenue — Total Revenue

Other product segments

Custodial revenue
$174.33M+11.4%
Service revenue
$122.93M+2.6%

Similar metrics at other companies

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SOFIInterchange — Total net revenue from contracts with customers
$35.2M+54.3%
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SYFInterchange revenue
$264M+10.9%
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FNBInterchange and card transaction fees
$13M+8.3%
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COFInterchange fees, net — Revenue from Contract with Customer, Excluding Assessed Tax
$1.96B+60.6%
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FNBInsurance — Interchange and card transaction fees
$0—
Bank of America logo
BACCard Income, Interchange Fees and Merchant Income — Interchange fees, gross and merchant income
$3.4B+3.0%

Other financials

Income statement

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Revenue$354.6M+7.2%
Gross profit$256.3M+14.3%
Operating income$103.0M+23.9%
Net income$69.4M+28.8%
EPS (diluted)$0.82+34.4%

Balance sheet

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Cash & equivalents$265.4M-7.8%
Total debt$984.7M-11.0%
Total equity$2.0B-3.6%
Total assets$3.3B-3.2%

Cash flow

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Operating cash flow$97.5M+50.6%
CapEx$362.0K+321%
Free cash flow$97.2M+50.3%

Valuation

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Market cap$7.12B-6.7%
Enterprise value$7.84B-7.2%
P/E30.9×-31.8×
P/S5.3×-0.8×

Profitability

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Gross margin70.7%+5.2pp
Operating margin25.6%+9.2pp
Net margin17.3%+7.5pp
FCF margin36.5%+9.3pp

Returns & leverage

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Return on equity11.1%+5.3pp
Debt / equity0.5×0.0×
Current ratio3.4×-0.6×

Where this comes from

Reported directly by HealthEquity in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: HealthEquity’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HealthEquity's interchange revenue — total revenue?
HealthEquity (HQY) reported interchange revenue — total revenue of $57.38M in Q1 2026.
How has HealthEquity's interchange revenue — total revenue changed year-over-year?
HealthEquity's interchange revenue — total revenue increased by 5.1% year-over-year, from $54.61M to $57.38M.
What is the long-term trend for HealthEquity's interchange revenue — total revenue?
Over 4 years (2022 to 2026), HealthEquity's interchange revenue — total revenue has grown at a 10.9% compound annual growth rate (CAGR), from $126.83M to $191.61M.
What does interchange revenue — total revenue mean?
This metric represents the total gross revenue generated from transaction-based interchange fees earned when customers utilize payment cards linked to their health savings or consumer-directed benefit accounts. It reflects the volume and frequency of card-based spending activity within the company's payment processing ecosystem. Growth in this metric indicates increased consumer engagement and utilization of the company's payment solutions for healthcare expenditures.