Healthequity (HQY) FCF Margin (2013 - 2026)
Healthequity (HQY) posted quarterly FCF Margin of 23.01% for Q2 2026, up 829.0% year-over-year from 2.48% in Q2 2025, and down 50.23% quarter-over-quarter from 46.23% in Q1 2026.
Healthequity (HQY) FCF Margin (2013 - 2026) Analysis & Trends
Healthequity's FCF Margin history runs 14 years deep, the most recent figure standing at 23.01% for Q2 2026.
- In Q2 2026, FCF Margin rose 829.0% year-over-year to 23.01%; the TTM figure through Apr 2026 stood at 36.64% (up 1076.0% YoY), while the FY2026 annual figure was 34.8%, up 665.0% from the prior year.
- FCF Margin for Q2 2026 stood at 23.01%, down from 46.23% in the prior quarter.
- The five-year high for FCF Margin was 46.36% in Q3 2025, with the low at 3.19% in Q2 2022.
- The 5-year median for FCF Margin is 24.46% (2022), against an average of 24.94%.
- The sharpest annual moves came in 2022 and 2026: FCF Margin tumbled 1922 bps in 2022, then jumped 2257 bps in 2026.
- Healthequity's FCF Margin stood at 6.95% in 2022, then surged by 163 bps to 18.25% in 2023, then surged by 111 bps to 38.54% in 2024, then slipped by 17 bps to 31.87% in 2025, then fell by 28 bps to 23.01% in 2026.
- Business Quant data shows HQY's FCF Margin at 23.01% in Q2 2026, 46.23% in Q1 2026, and 31.87% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 127.46% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 0.38% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 23.01% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 10.19% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 46.84% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -27.00% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 13.54% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 25.33% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | - |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 0.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 23.01% |
| Jan 31, 2026 | 46.23% |
| Oct 31, 2025 | 31.87% |
| Jul 31, 2025 | 46.36% |
| Apr 30, 2025 | 14.71% |
| Jan 31, 2025 | 23.66% |
| Oct 31, 2024 | 38.54% |
| Jul 31, 2024 | 27.85% |
| Apr 30, 2024 | 22.50% |
| Jan 31, 2024 | 25.29% |
| Oct 31, 2023 | 18.25% |
| Jul 31, 2023 | 23.99% |
| Apr 30, 2023 | 12.85% |
| Jan 31, 2023 | 37.39% |
| Oct 31, 2022 | 6.95% |
| Jul 31, 2022 | 24.93% |
| Apr 30, 2022 | -3.19% |
| Jan 31, 2022 | 27.76% |
| Oct 31, 2021 | 26.17% |
| Jul 31, 2021 | 4.04% |