HealthEquity (HQY) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 72.3%
EBITDA Margin: 39.8%
Op. Margin: 29.0%
Net Margin: 19.6%

Op. margin of 29.0% is up 3.9% YoY — cost efficiency is improving. Net margin at 19.6% and gross margin of 72.3% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit