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DRAPER, Utah - HealthEquity Inc. (NASDAQ:HQY) shares jumped 6.4% after the health savings account provider reported better-than-expected first quarter results.
The company posted adjusted earnings of $0.97 per share for the quarter ended April 30, beating analyst estimates of $0.82 per share. Revenue rose 15% year-over-year to $330.8 million, surpassing expectations of $322.58 million.
"The HealthEquity team started fiscal 2026 with a strong first quarter that included record quarterly revenue, record Adjusted EBITDA, and increased guidance for the year," said Scott Cutler, President and CEO of HealthEquity.
Total (EPA:TTEF) HSA Assets grew 15% YoY to $31.3 billion, while the number of HSAs increased 9% to 9.9 million. The company also reported 17.1 million Total Accounts, up 7% from the prior year.
For fiscal 2026, HealthEquity expects adjusted earnings of $3.61 to $3.78 per share on revenue of $1.285 billion to $1.305 billion. The midpoint of the new EPS guidance range is above the consensus estimate of $3.62.
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