HealthEquity Inc (HQY)

Gross profit margin

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020
Gross profit (ttm)	US$ in thousands	777,259	751,536	713,692	661,305	622,637	594,090	562,226	528,373	491,076	461,602	437,604	431,763	423,706	419,325	420,563	410,376	415,334	428,097	419,574	376,230
Revenue (ttm)	US$ in thousands	1,203,871	1,153,288	1,088,356	1,018,339	958,410	916,132	884,134	848,438	815,511	788,427	748,466	735,565	717,815	706,638	714,959	700,254	700,489	719,841	694,134	614,980
Gross profit margin		64.56%	65.16%	65.58%	64.94%	64.97%	64.85%	63.59%	62.28%	60.22%	58.55%	58.47%	58.70%	59.03%	59.34%	58.82%	58.60%	59.29%	59.47%	60.45%	61.18%

January 31, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $777,259K ÷ $1,203,871K
= 64.56%

HealthEquity Inc's gross profit margin has experienced some fluctuations over the years, ranging from a high of 65.58% on July 31, 2024, to a low of 58.47% on July 31, 2022. The company's gross profit margin has generally trended slightly downward since April 30, 2023, where it stood at 62.28%.

Overall, HealthEquity Inc's gross profit margin has remained relatively healthy, consistently staying above 58% over the period analyzed. This indicates that the company has effectively managed its cost of goods sold and production expenses relative to its revenue, maintaining a solid margin of profitability on its core operations. It will be important for the company to monitor and potentially address any further downward trends in the gross profit margin to ensure continued financial health and efficiency in its operations.