Healthequity (HQY) Free Cash Flow (2013 - 2026)
Healthequity (HQY) posted quarterly Free Cash Flow of $81.6 million for Q2 2026, up 67.61% year-over-year from $48.7 million in Q2 2025, and down 47.24% quarter-over-quarter from $154.7 million in Q1 2026.
Healthequity (HQY) Free Cash Flow (2013 - 2026) Analysis & Trends
Healthequity's Free Cash Flow history runs 14 years deep, the most recent figure standing at $81.6 million for Q2 2026.
- In Q2 2026, Free Cash Flow rose 67.61% year-over-year to $81.6 million; the TTM figure through Apr 2026 stood at $490.0 million (up 52.29% YoY), while the FY2026 annual figure was $457.1 million, up 35.32% from the prior year.
- Free Cash Flow for Q2 2026 stood at $81.6 million, down from $154.7 million in the prior quarter.
- The five-year high for Free Cash Flow was $154.7 million in Q1 2026, with the low at -$6.6 million in Q2 2022.
- The 5-year median for Free Cash Flow is $65.5 million (2024), against an average of $71.2 million.
- The sharpest annual moves came in 2022 and 2023: Free Cash Flow sank 123.07% in 2022, then soared 579.09% in 2023.
- Healthequity's Free Cash Flow stood at $15.0 million in 2022, then soared by 203.04% to $45.5 million in 2023, then jumped by 154.51% to $115.8 million in 2024, then decreased by 11.32% to $102.7 million in 2025, then fell by 20.52% to $81.6 million in 2026.
- Business Quant data shows HQY's Free Cash Flow at $81.6 million in Q2 2026, $154.7 million in Q1 2026, and $102.7 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 1.13 Bn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 14.88 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 81.60 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 15.39 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 99.68 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -226.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 43.30 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 39.67 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | - |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 1.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 81.60 Mn |
| Apr 30, 2026 | 81.60 Mn |
| Jan 31, 2026 | 154.67 Mn |
| Jan 31, 2026 | 154.67 Mn |
| Oct 31, 2025 | 102.67 Mn |
| Oct 31, 2025 | 102.67 Mn |
| Jul 31, 2025 | 151.06 Mn |
| Jul 31, 2025 | 151.06 Mn |
| Apr 30, 2025 | 48.68 Mn |
| Apr 30, 2025 | 48.68 Mn |
| Jan 31, 2025 | 73.77 Mn |
| Jan 31, 2025 | 73.77 Mn |
| Oct 31, 2024 | 115.77 Mn |
| Oct 31, 2024 | 115.77 Mn |
| Jul 31, 2024 | 83.52 Mn |
| Jul 31, 2024 | 83.52 Mn |
| Apr 30, 2024 | 64.71 Mn |
| Apr 30, 2024 | 64.71 Mn |
| Jan 31, 2024 | 66.36 Mn |
| Jan 31, 2024 | 66.36 Mn |