Company / Gross Margin
HealthEquity Gross Margin History
FY2017-FY2026 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
62.3%
FY2026
5-year range
61.3% / 69.5%
FY2022-FY2026
Trend
-10.4%
vs FY2025
Sector context
#38 of 96
Health Care
What the data says
At 62.3%, HealthEquity's gross margin ranks #38 of 96 in the Health Care sector. Gross Margin has fluctuated over the past 10 years, ranging from 56.6% in FY2020 to 243.4% in FY2017.
Based on SEC 10-K filings.
62.3% in FY2026 with a 5-year CAGR of -0.8%.
Declined from 64.8% to 62.3% over the past 2 years.
Health Care sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +0.0pp
- 5-Year Change
- -0.8pp
- 10-Year Change
- -
Sector benchmark
#38 of 96 in Health CareTop 40% of 96This company 62.3% Sector average 53.6%
▼
+16.2% above sector average
Key checks
Key Insights
- In FY2026, gross margin decreased 10.4% year-over-year.
- Currently 8.7pp above the Health Care sector average.
- Peak gross margin was recorded in FY2017.
- Lowest gross margin in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score 1.18 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2026 | 62.3% | -10.4% |
| FY2025 | 69.5% | +7.3% |
| FY2024 | 64.8% | +4.0% |
| FY2023 | 62.3% | +1.7% |
| FY2022 | 61.3% | -2.9% |
| FY2021 | 63.1% | +11.4% |
| FY2020 | 56.6% | -7.6% |
| FY2019 | 61.3% | -2.9% |
| FY2018 | 63.1% | -74.1% |
| FY2017 | 243.4% | +308.3% |
As of FY2026 · SEC 10-K · Updated Jun 30, 2026