Filing Flows › Healthequity (HQY) › Operating margin
Healthequity (HQY) operating margin by quarter
Healthequity's operating margin was 28.1% in Q2 FY27 (second quarter fiscal 2027), -0.9 pts from Q1 FY27. Over the last 7 quarters it ranged from 13.5% (Q4 FY25) to 29.0% (Q1 FY27).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 FY27 | 28.1% | -0.9 pts | +0.6 pts |
| Q1 FY27 | 29.0% | +7.8 pts | +3.9 pts |
| Q4 FY26 | 21.2% | -3.2 pts | +7.7 pts |
| Q3 FY26 | 24.4% | -3.1 pts | — |
| Q2 FY26 | 27.5% | +2.4 pts | — |
| Q1 FY26 | 25.1% | +11.6 pts | — |
| Q4 FY25 | 13.5% | — | — |
Q2 FY27 at a glance
Healthequity, Q2 FY27: revenue $351M (+8% year over year), operating margin 28.1%, net earnings $65.6M, operating cash flow $136M. The chart follows the revenue to costs, profit and cash.
Questions
What is Healthequity's operating margin?
Healthequity's operating margin was 28.1% in Q2 FY27 (second quarter fiscal 2027), -0.9 pts from Q1 FY27.
How has Healthequity's operating margin changed?
Over the last 7 quarters it ranged from 13.5% (Q4 FY25) to 29.0% (Q1 FY27).