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HealthEquity’s Next Big Catalyst — AI, Marketplace & HSA Growth Converge!

HealthEquity, Inc. reported its second quarter fiscal 2027 financial results highlighting continued growth and profitability amid an evolving healthcare affordability landscape. The company delivered accelerated revenue growth, achieving an 8% year-over-year increase, supported by expanding Health Savings Account (HSA) metrics. Total HSA assets increased 14% and accounts grew 8%, with new sales rising 24% year-over-year—the strongest quarterly new account addition outside of the typical open enrollment period. Client retention remains robust with renewal rates projected above 90%, suggesting sustained customer loyalty. A notable aspect of the quarter was a record adjusted EBITDA margin of 48%, up from 46% in the prior year’s second quarter, reflecting ongoing efficiency gains. HealthEquity leveraged AI-driven automation to reduce service costs per account, with AI resolving 85% of routine chat inquiries and cutting human-handled calls by 25%.