• HealthEquity average ebitda margin for 2024 was 28.32%, a 22.23% decline from 2023.
• HealthEquity average ebitda margin for 2023 was 23.17%, a 53.55% increase from 2022.
• HealthEquity average ebitda margin for 2022 was 15.09%, a 23.4% increase from 2021.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.