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Quinstreet vs Healthequity: QNST and HQY compared
Quinstreet is the larger company: $417M of revenue in its latest quarter (Q1 FY27) against $351M for Healthequity (Q2 FY27). Quinstreet is growing faster (+46% against +8% a year earlier). Healthequity is more profitable, with an operating margin of 28.1% against 5.6%.
Where the money goes: QNST and HQY
Quinstreet (QNST) · Q1 FY27
Quinstreet, Q1 FY27: revenue $417M (+46% year over year), operating margin 5.6%, net earnings $17.0M, operating cash flow $23.3M. The chart follows the revenue to costs, profit and cash.
Healthequity (HQY) · Q2 FY27
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.
| Quinstreet (QNST) | Healthequity (HQY) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q2 FY27 |
| Revenue | $417M | $351M |
| Revenue growth, Y/Y | +46% | +8% |
| Gross margin | 12.8% | 73.5% |
| Operating margin | 5.6% | 28.1% |
| Net earnings | $17.0M | $65.6M |
| Net margin | 4.1% | 18.7% |
| Operating cash flow | $23.3M | $136M |
| Free cash flow | $20.3M | $135M |
| Market value | $1.2B | $8.7B |
| P/E | 13.0× | 36.8× |
| Analysts’ mean target | $22.80 | $120.67 |
Where the revenue comes from
Quinstreet
- Financial Service: $271M (65%)
- Home Services: $146M (35%)
Healthequity
- Custodial revenue: $176M (50%)
- Service revenue: $124M (35%)
- Interchange revenue: $50.4M (14%)
Questions
Which is bigger, Quinstreet or Healthequity?
Quinstreet is the larger company: $417M of revenue in its latest quarter (Q1 FY27) against $351M for Healthequity (Q2 FY27).
Is Quinstreet or Healthequity growing faster?
Quinstreet is growing faster (+46% against +8% a year earlier).
Which is more profitable, Quinstreet or Healthequity?
Healthequity is more profitable, with an operating margin of 28.1% against 5.6%.
More: Quinstreet earnings · how Quinstreet makes money · Healthequity earnings · how Healthequity makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Aug 27, 2026). Fiscal quarters can end on different dates. Not investment advice.