Healthequity (HQY) FCF Margin (2013 - 2026)
Healthequity (HQY) posted FCF Margin of 34.6% for Q3 2026, up 50.4% on a QoQ basis from 23.01% in Q2 2026, and down 390.0% year-over-year from 11.93% in Q3 2025.
Analysis
Healthequity (HQY) FCF Margin (2013 - 2026) Analysis & Trends
Healthequity has reported FCF Margin for 14 years, with the latest figure at 34.6% in Q3 2026.
- On a quarterly basis, FCF Margin fell 390.0% year-over-year to 34.6% in Q3 2026; TTM through Jul 2026 was 32.26%, a 746.0% increase from a year earlier, with the FY2026 full-year figure at 31.26%, up 719.0% from the prior year.
- FCF Margin was 34.6% for Q3 2026 at Healthequity, up from 23.01% in the prior quarter.
- The five-year high for FCF Margin was 39.82% in Q4 2025, with the low at 3.19% in Q2 2022.
- Average FCF Margin over 5 years is 22.39%, with a median of 20.05% recorded in 2025.
- The largest YoY upside for FCF Margin was 1408 bps in 2022 against a maximum downside of 1158 bps in 2022.
- Over 5 years, FCF Margin stood at 17.05% in 2022, then rose by 7 bps to 18.25% in 2023, then soared by 42 bps to 25.96% in 2024, then surged by 53 bps to 39.82% in 2025, then declined by 13 bps to 34.6% in 2026.
- The last three FCF Margin figures came in at 34.6% (Q3 2026), 23.01% (Q2 2026), and 32.33% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank of New York Mellon | 111.85 Bn | 51.23 Bn | - | 34.85% |
| 2 | State Street | 53.36 Bn | 53.36 Bn | - | -74.14% |
| 3 | Northern Trust | 34.15 Bn | 34.15 Bn | - | -14.38% |
| 4 | Sei Investments | 13.24 Bn | 13.16 Bn | - | 19.23% |
| 5 | Healthequity | 7.97 Bn | 7.71 Bn | 257.95 Mn | 34.60% |
| 6 | AtlasClear Holdings | 28.46 Mn | -12.04 Mn | - | -95.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 34.60% |
| Apr 30, 2026 | 23.01% |
| Jan 31, 2026 | 32.33% |
| Oct 31, 2025 | 39.82% |
| Jul 31, 2025 | 38.50% |
| Apr 30, 2025 | 14.71% |
| Jan 31, 2025 | 20.05% |
| Oct 31, 2024 | 25.96% |
| Jul 31, 2024 | 31.98% |
| Apr 30, 2024 | 18.19% |
| Jan 31, 2024 | 25.29% |
| Oct 31, 2023 | 18.25% |
| Jul 31, 2023 | 27.64% |
| Apr 30, 2023 | 9.22% |
| Jan 31, 2023 | 19.51% |
| Oct 31, 2022 | 17.05% |
| Jul 31, 2022 | 14.34% |
| Apr 30, 2022 | -3.19% |
| Jan 31, 2022 | 18.14% |
| Oct 31, 2021 | 2.97% |