DRAPER, Utah – HealthEquity Inc. (NASDAQ:HQY) reported third-quarter earnings that beat analyst expectations, however shares fell almost 4% in after-hours buying and selling Monday.
The well being financial savings account supplier posted adjusted earnings of $0.78 per share for the quarter ended October 31, surpassing the consensus estimate of $0.72. Income rose 21% YoY to $300.4 million, additionally topping expectations of $289.92 million.
“Robust third quarter outcomes delivered by Staff Purple helped drive HSAs to 9.5 million, HSA Property to $30 billion, Whole (EPA:TTEF) Accounts to 16.5 million and quarterly income to over $300 million, all quarterly information,” stated Jon Kessler, President and CEO of HealthEquity.
The corporate reported 9.5 million well being financial savings accounts as of October 31, up 15% from a 12 months earlier. Whole HSA belongings grew 33% YoY to $30 billion.
For fiscal 2025, HealthEquity forecasts income of $1.185 billion to $1.195 billion and adjusted earnings of $3.08 to $3.16 per share.
The corporate additionally offered an preliminary outlook for fiscal 2026, projecting income of $1.275 billion to $1.295 billion.
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