HealthEquity raised its fiscal 2027 revenue guidance to between $1.411 billion and $1.421 billion, citing strong first-half performance and record profitability, including a record adjusted EBITDA margin of 48%. CEO Scott Cutler highlighted record HSA accounts of 10.7 million and a 62% year-over-year increase in monthly active app users to 1.4 million, while CFO James Lucania reported record service revenue of $124.4 million, custodial revenue of $175.9 million, and net income of $65.6 million, or $0.78 per diluted share. The company also guided adjusted EBITDA to $628 million to $636 million and expects average yield on HSA cash between 3.85% and 3.9% for fiscal 2027. Management emphasized AI-driven efficiency, with AI resolving 85% of routine chat inquiries, and noted Marketplace traction with over 14,000 active members, though revenue from Marketplace remains immaterial. The outlook also reflects continued investment in growth initiatives and additional share repurchases.
HealthEquity IncCompany raises fiscal 2027 revenue guidance and reports record profitability, including record adjusted EBITDA margin and strong financial results.
