Healthequity (HQY) FCF Margin (2013 - 2026)
Healthequity (HQY) recorded FCF Margin of 38.54% in fiscal Q2 2027 (quarter ended Jul 31, 2026), down 2.92 percentage points from 41.46% a year earlier but up 11.14 percentage points from the prior quarter.
Healthequity (HQY) FCF Margin (2013 - 2026) Analysis & Trends
On a TTM basis, Healthequity's FCF Margin came in at 35.81% as of Jul 31, 2026, up 7.01 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 34.65%, up 6.50 percentage points from FY2025.
- Annual FCF Margin has increased for three straight fiscal years, with a five-year change of +11.68 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, FCF Margin came in at 28.15% in FY2025 (+4.03 pp), 24.12% in FY2024 (+7.03 pp), 17.09% in FY2023 (-0.37 pp) and 17.46% in FY2022 (-5.51 pp).
- Quarterly FCF Margin has ranged from 2.88% in fiscal Q1 2023 to 42.77% in fiscal Q3 2026 over the past five years.
- On a year-over-year basis, FCF Margin rose in five of the last eight quarters, with an average year-over-year change of +4.21 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 12.73 percentage points in fiscal Q3 2026, against a drop of 15.83 percentage points in fiscal Q3 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 27.40% (Q1 2027), 35.14% (Q4 2026) and 42.77% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 104.70 Bn | 85.79 Bn | - | 54.13% |
| 2 | Bank of New York Mellon | 100.72 Bn | 40.09 Bn | - | 34.85% |
| 3 | Cme | 94.58 Bn | 94.58 Bn | - | 54.13% |
| 4 | Intercontinental Exchange | 85.83 Bn | 79.63 Bn | - | 51.34% |
| 5 | Nasdaq | 52.05 Bn | 49.49 Bn | 1.50 Bn | 25.04% |
| 6 | State Street | 49.39 Bn | 49.39 Bn | - | -74.14% |
| 7 | Interactive Brokers | 39.24 Bn | 32.69 Bn | - | 326.90% |
| 8 | Northern Trust | 31.94 Bn | 31.94 Bn | - | -6.69% |
| 9 | Cboe Global Markets | 26.47 Bn | 18.13 Bn | 731.60 Mn | -37.17% |
| 10 | Healthequity | 7.33 Bn | 6.18 Bn | 257.95 Mn | 38.54% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 38.54% |
| Apr 30, 2026 | 27.40% |
| Jan 31, 2026 | 35.14% |
| Oct 31, 2025 | 42.77% |
| Jul 31, 2025 | 41.46% |
| Apr 30, 2025 | 19.54% |
| Jan 31, 2025 | 24.19% |
| Oct 31, 2024 | 30.04% |
| Jul 31, 2024 | 35.80% |
| Apr 30, 2024 | 22.50% |
| Jan 31, 2024 | 29.16% |
| Oct 31, 2023 | 22.70% |
| Jul 31, 2023 | 31.47% |
| Apr 30, 2023 | 12.85% |
| Jan 31, 2023 | 23.56% |
| Oct 31, 2022 | 21.91% |
| Jul 31, 2022 | 18.88% |
| Apr 30, 2022 | 2.88% |
| Jan 31, 2022 | 24.07% |
| Oct 31, 2021 | 11.86% |
Healthequity FCF Margin 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=fcf-margin&ticker=HQY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=HQY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();