HealthEquity Q2 Revenue Hits Record, Raises Fiscal 2027 Guidance

Earnings
โดย GuruFocus·US·Read original
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HealthEquity Inc reported record second-quarter results, with revenue growth accelerating to 8% year-over-year and adjusted EBITDA margin reaching a record 48%, prompting the company to raise its fiscal 2027 guidance. Service revenue hit a record $124.4 million, custodial revenue grew 10% to a record $175.9 million, and interchange revenue rose 5% to $50.4 million, contributing to a record gross profit of $258 million, approximately 74% of revenue. GAAP net income was a record $65.6 million, or $0.78 per diluted share, while non-GAAP net income reached $103.8 million, or $1.24 per diluted share. The company also reported record HSA accounts of 10.7 million, up 8% year-over-year, and repurchased approximately $108 million of shares at an average price below $90. For fiscal 2027, HealthEquity expects revenue between $1.411 billion and $1.421 billion, GAAP net income of $242 million to $248 million, non-GAAP net income of $392 million to $398 million, and adjusted EBITDA between $628 million and $636 million.

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