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HealthEquity Inc (HealthEquity) is a healthcare service provider that offers health savings management services. The company's main activities include managing health savings accounts (HSAs) and other consumer-directed benefits (CDBs). Its services include payment processing, personalized benefit information, wellness incentives, and investment advice. HealthEquity products include health savings accounts, flexible spending accounts and health reimbursement arrangements. The company provides a supported health account solution to its members with medical and pharmacy claims. It serves individuals and businesses. HealthEquity is headquartered in Draper, Utah, the US.
Headquarters
United States of America
Address
Suite 100, 15 West Scenic Pointe Drive, Draper, Utah, 84020-6120
Website
healthequity.com
Telephone
1 801 7271000
No of Employees
2,814
Industry
Financial Services
Ticker Symbol & Exchange
HQY (NASD)
Revenue (2025)
$1.3B
9.5%
(2025 vs 2024)
EPS
XYZ
Net Income (2025)
XYZ
122.5%
(2025 vs 2024)
Market Cap*
$8.2B
Net Profit Margin (2025)
XYZ
103.2%
(2025 vs 2024)
* As of and is in US$
HealthEquity Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Flexible Spending Account | Health Savings Management Services |
| Health Savings Accounts | COBRA Administration Solutions |
| Health Reimbursement Arrangements | Direct Billing Services |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | New Products/Services | In October, the company launched GLP-1 telehealth and a direct HSA enrollment platform. |
| 2024 | Acquisitions/Mergers/Takeovers | In May, the company acquired BenefitWallet HSA portfolio from Conduent. |
| 2023 | Contracts/Agreements | In April, the company entered into a partnership with Microsoft to modernize healthcare benefits administration through Microsoft Azure. |
Competitor Comparison
| Key Parameters | HealthEquity Inc | UnitedHealth Group Inc | FMR LLC | WEX Inc | Optum Bank Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Draper | Eden Prairie | Boston | Portland | - |
| State/Province | Utah | Minnesota | Massachusetts | Maine | - |
| No. of Employees | 2,814 | 390,000 | - | 6,600 | - |
| Entity Type | Public | Public | Private | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Robert Selander | Chairman | Executive Board | - | - |
| Stephen D. Neeleman, MD | Vice Chairman | Executive Board | 2014 | 56 |
| Scott Cutler | Director; President; Chief Executive Officer | Executive Board | - | - |
| James Lucania | Executive Vice President; Chief Financial Officer | Senior Management | - | - |
| Cheryl King | Executive Vice President; Chief People Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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