What move does the options market price into Healthequity's report?

Implied ±9.6%, either direction.

How often does Healthequity move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

HQYNasdaqServices-Business Services, NEC

Healthequity, Inc. (HQY) earnings date, market-implied expected move, and options open interest by expiry

103.02

−5.82 · −5.35%

post 103.01 0.00%

After hours16:00 ETdelayed

Open109.83Volume1.6MMkt cap$9.0BP/E36.79EPS2.80

Day102.72 – 109.834%52-wk72.76 – 109.3783%

HQY

Healthequity, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.6%implied · straddle

98.43119.25

spot 108.84exp Dec 18ATM strike 110ATM straddle 12.25IV 41%

Nov 4 close

Expected move

Inputs

Next report

Dec 2

after close · in 27 days

est.Q3 FY27

Calendar

Next report

Last report

−10.56%

vs ±8.3% implied · ×1.27

shaded = implied · ▲▼ = realized

Aug 27 '26 · confirmed

Implied vs realized

Linked news

7hV · supplierVisa Releases First-of-Its-Kind Industry Benchmark for AI Shopping; Almost Half of Test Runs Fail

News

Largest filed tie

13F top-10 QoQ

+9.74%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

501 managers

Top fund weight

0.24%

HQY weight · IWM

N-PORTJun 30 '26

5 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Healthequity (HQY) is expected to report on Dec 2 after close (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±7.8%
avg realized: ±6.7%

Mar 18 '25Mar 18 '25confirmed±6.0%▼−17.07%×2.85

Jun 3 '25Jun 3 '25confirmed±8.9%▲+8.96%×1.01

Sep 2 '25Sep 2 '25confirmed±10.9%▲+7.53%×0.69

Q3 FY26Dec 3 '25confirmed±8.3%▼−3.01%×0.36

Feb 17 '26Feb 17 '26confirmed±5.5%▲+3.70%×0.67

Mar 17 '26Mar 17 '26confirmed±6.3%▲+0.21%×0.03

Q1 FY27May 28 '26confirmed±8.2%▼−2.79%×0.34

Q2 FY27Aug 27 '26confirmed±8.3%▼−10.56%×1.27

quarterimplied−20%0+20%realized×

Q2 FY27±8.3%▼−10.56%×1.27

Q1 FY27±8.2%▼−2.79%×0.34

Mar '26±6.3%▲+0.21%×0.03

Feb '26±5.5%▲+3.70%×0.67

Q3 FY26±8.3%▼−3.01%×0.36

Sep '25±10.9%▲+7.53%×0.69

2 older reports

Jun '25±8.9%▲+8.96%×1.01

Mar '25±6.0%▼−17.07%×2.85

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Nov 4 close

1.46OI · 3 expiries · Nov 4 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

23+10%Nov 2015d0.03762+10%0.03

report · Dec 2 · after close · est.

750+1%Dec 1843d513+2%

1030%Mar 19134d0.34300+36%0.34

ExpiryPutsCallsP/C

Nov 2015d23+10%762+10%0.03

report · Dec 2 · after close · est.

Dec 1843d750+1%513+2%1.46

Mar 19134d1030%300+36%0.34

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±9.6%

Funds 4

IWM±0.0%

MDY±0.0%

UWM±0.0%

VTI±0.0%

Suppliers 1

V±1.7%×0.18

Dashed = straddle · × = co-movement · max 501dMethod 1 more fund Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY27

18.72%as filednet margin · revenue −1.10% QoQ · +7.64% YoY

Revenue

$351M−1.10% QoQ

Gross profit

$258M+0.64% QoQ

73.55% margin

Operating income

$99M−4.14% QoQ

28.14% margin

Pre-tax income

$88M−4.92% QoQ

Net income

$66M−5.44% QoQ

18.72% margin

Cost of revenue

$93M−5.65% QoQ

Operating expenses

$159M+3.85% QoQ

R&D $74M

SG&A $35M

Marketing $23M

Other operating $27M

Other expense

$11M

Tax

$22M−3.37% QoQ

Revenue$351M−1.10%

Gross profit

$258M+0.64%

73.55% margin

Operating income

$99M−4.14%

28.14% margin

Pre-tax income

$88M−4.92%

Net income

$66M−5.44%

18.72% margin

Cost of revenue

$93M−5.65%

Operating expenses

$159M+3.85%

R&D $74M

SG&A $35M

Marketing $23M

Other expense

$11M

Tax$22M−3.37%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jul 31 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

FOMC ×1.44· ±2.3% vs ±1.6% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±2.3%13 of 24×1.44

NFPjobs report±2.0%6 of 10×1.28

CPROFcorporate profits±1.6%7 of 12×0.99

GDPgross domestic product±1.5%12 of 19×0.93

CPIconsumer prices±1.4%5 of 10×0.88

PCEpersonal income & outlays±1.4%10 of 19×0.88

PPIproducer prices±1.3%8 of 10×0.81

Bar = avg |move| to ±3% · tick = ±1.6% avg day · ×base = |move| ÷ ±1.6% · min 6 releases

Earnings history

EPS 0.78 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY27	Aug 27 '26 · confirmed	0.78	—
Q1 FY27	May 28 '26 · confirmed	0.82	—
Q3 FY26	Dec 3 '25 · confirmed	0.59	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod