HealthEquity (HQY) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $1.24
- Estimate
- $1.19
- Surprise
- +3.9%
- Revenue (period 2026-07-31)
- $350.7M
- Score today
- 6.2/10
Revenue source: xbrl.
How the report landed
HealthEquity (HQY) beat the $1.19 estimate with diluted EPS of $1.24 — a clear 3.9% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates HQY Buy (Wait) at 6.2/10; no pre/post engine snapshot brackets this report.
4 of the last 4 quarters beat the estimate; this quarter's +3.9% surprise compares with a +7.9% four-quarter average. Next scheduled report: 2026-12-02.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.9 in RISK_OFF)
- Sector modifier (Healthcare): +0.5
What argues against it
- Concentration risk — Product: HSAs and other CDBs
- News modifier +2: HOLD_IF_HOLDING → STRONG_BUY_WAIT
- Momentum score 4.4/10 — below 4.5 minimum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $96.07
- Entry target
- $89.47
- Price target
- $107.10
- Stop
- $82.28
- Upside to target
- +11.5%
- Reward-to-risk
- 1.5:1
The stock trades at 35.7× trailing but 17.5× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-05 — shown for context, not personalized investment advice.
HQY at TrendMatrix's latest read
Healthcare earnings trade on pipeline and payer dynamics as much as the quarter itself; a beat or miss is weighed against trial and reimbursement news.
- Industry
- Health Information Services
- Market cap
- $7.95B
- P/E (fwd)
- 17.5
- P/E (ttm)
- 35.7
- 52-week range
- $72.76–$107.62
- Off 52-week high
- 10.7%
- RSI (14)
- 37
- Volume vs avg
- 0.50×
- Score today
- 6.2/10