Healthequity (HQY) Free Cash Flow (2013 - 2026)
Healthequity's (HQY) quarterly Free Cash Flow came in at $81.6 million in Q2 2026, up 67.61% year-on-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.
- On a quarterly basis, Free Cash Flow rose 67.61% year-over-year to $81.6 million in Q2 2026; TTM through Apr 2026 was $490.0 million, a 52.29% increase from a year earlier, with the FY2026 full-year figure at $457.1 million, up 35.32% from the prior year.
- Free Cash Flow fell to $81.6 million in Q2 2026 per HQY's latest filing, from $154.7 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $154.7 million in Q1 2026 and bottomed 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.
- Across the five-year window, Free Cash Flow slumped 123.07% in 2022 and soared 579.09% in 2023, its largest moves.
- Year by year, Free Cash Flow stood at $15.0 million in 2022, then jumped by 203.04% to $45.5 million in 2023, then surged by 154.51% to $115.8 million in 2024, then slipped by 11.32% to $102.7 million in 2025, then retreated by 20.52% to $81.6 million in 2026.
- Per Business Quant, the three latest HQY Free Cash Flow figures stand at $81.6 million (Q2 2026), $154.7 million (Q1 2026), and $102.7 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 1.13 Bn |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 101.40 Mn |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 81.60 Mn |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 26.00 Mn |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 43.00 Mn |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | -226.00 Mn |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 69.59 Mn |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 116.17 Mn |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | -48.49 Mn |
| 10 | Omnicell | 1.81 Bn | 1.57 Bn | 140.36 Mn | 55.80 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 |