HealthEquity Q2 FY27: net income +9.7% to $65.6M; custodial revenue +11% on HSA yields

Filed August 27, 2026 · Period ending July 31, 2026 · Compared to 10-Q Sep 2, 2025 · ~2 min read

Key Changes

• high

  Net income rose 9.7% to $65.6M ($0.78 diluted EPS, +14.7%) on 7.6% revenue growth to $350.7M, driven by custodial revenue +11% as HSA cash yields improved and service costs fell 7% from technology efficiencies.

  MD&A: Results of Operations verify on EDGAR →
• high

  Repurchased $231.1M of stock YTD (2.7M shares), up 83% from prior year

  Notes: Stockholders' Equity verify on EDGAR →
• high

  Expanded Treasury bond forward hedging program from $1.25B notional (10 instruments) to $3.04B (23 instruments), extending maturity to Jan 2029; net position shifted to $85.2M liability with $69.1M accumulated OCI loss.

  Notes: Derivative Financial Instruments verify on EDGAR →