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HealthEquity HQY Total Cost of Revenue

Total Cost of Revenue at other companies

UnitedHealth Group logo
UnitedHealth GroupUNH
$12.82B+3.5%
WEX logo
WEXWEX
$289.7M+6.2%
CVS Health logo
CVS HealthCVS
$58.86B+9.0%
Evolent Health, Inc. logo
Evolent Health, Inc.EVH
$571.68M+66.2%
Centene logo
CenteneCNC
$729M+13.7%
CBIZ logo
CBIZCBZ
$622.56M+2.1%

Segments

By product

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Service revenue$78.33M-11.0%
Custodial revenue$11.66M+8.4%
Interchange revenue$8.35M+7.3%

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$8.73B+11.0%
Enterprise value$9.45B+9.7%
P/E37.8×-16.1×
P/S6.5×+0.3×

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:CostOfGoodsAndServicesSold.

The source filing: HealthEquity’s 10-Q, filed May 28, 2026.

Filed
May 28, 2026, 4:04 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001428336-26-000028
(in thousands, except per share data)Three months ended April 30, 2026Three months ended April 30, 2025
Service costs78,32688,005
Custodial costs11,65510,747
Interchange costs8,3487,781
Total cost of revenue98,329106,533
Gross profit256,312224,311
Operating expenses
Sales and marketing26,83325,984
Technology and development67,76761,436

Item 1. Financial statements

FAQ

What is HealthEquity's total cost of revenue?
HealthEquity (HQY) reported total cost of revenue of $98.33M in Q1 2026.
How has HealthEquity's total cost of revenue changed year-over-year?
HealthEquity's total cost of revenue decreased by 7.7% year-over-year, from $106.53M to $98.33M.
What is the long-term trend for HealthEquity's total cost of revenue?
Over 4 years (2022 to 2026), HealthEquity's total cost of revenue has grown at a 4.8% compound annual growth rate (CAGR), from $331.79M to $400.31M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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