Healthequity (HQY) Accumulated Expenses (2014 - 2026)
Healthequity (HQY) reported Accumulated Expenses of $97.3 million for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 50.8% from $64.54 million a year earlier and up 14.6% from the prior quarter.
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Analysis
Healthequity (HQY) Accumulated Expenses (2014 - 2026) Analysis & Trends
At the end of FY2026 (ended Jan 31, 2026), Healthequity posted Accumulated Expenses of $74.39 million, up 18.8% from FY2025.
- Accumulated Expenses has increased for three consecutive fiscal years, though with a five-year compound annual growth rate of -0.4% (FY2021 to FY2026).
- By fiscal year, Accumulated Expenses came in at $62.63 million in FY2025 (+36.0%), $46.04 million in FY2024 (+5.4%), $43.67 million in FY2023 (-24.2%) and $57.59 million in FY2022 (-24.1%).
- The fiscal Q2 2027 figure ranks as the highest quarterly Accumulated Expenses in data going back to fiscal Q4 2014.
- Year over year, Accumulated Expenses has now increased in each of the last three quarters, with growth averaging 32.5% over the last eight quarters.
- The high point for year-over-year Accumulated Expenses in five years was fiscal Q3 2025 (growth of 107.3%); the low point was fiscal Q3 2026 (a decline of 45.3%).
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at $84.94 million (Q1 2027), $74.39 million (Q4 2026) and $47.41 million (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn |
| 10 | Healthequity | 7.47 Bn | 6.32 Bn | 257.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 97.30 Mn |
| Apr 30, 2026 | 84.94 Mn |
| Jan 31, 2026 | 74.39 Mn |
| Oct 31, 2025 | 47.41 Mn |
| Jul 31, 2025 | 64.54 Mn |
| Apr 30, 2025 | 68.44 Mn |
| Jan 31, 2025 | 62.63 Mn |
| Oct 31, 2024 | 86.73 Mn |
| Jul 31, 2024 | 63.38 Mn |
| Apr 30, 2024 | 41.19 Mn |
| Jan 31, 2024 | 46.04 Mn |
| Oct 31, 2023 | 41.84 Mn |
| Jul 31, 2023 | 49.28 Mn |
| Apr 30, 2023 | 45.65 Mn |
| Jan 31, 2023 | 43.67 Mn |
| Oct 31, 2022 | 33.37 Mn |
| Jul 31, 2022 | 43.29 Mn |
| Apr 30, 2022 | 47.84 Mn |
| Jan 31, 2022 | 57.59 Mn |
| Oct 31, 2021 | 49.88 Mn |
API Access
Healthequity Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=HQY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "HQY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=HQY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();