Healthequity (HQY) Free Cash Flow (2013 - 2026)
Healthequity (HQY) recorded quarterly Free Cash Flow of $81.6 million in Q2 2026, down 46.57% quarter-over-quarter from $152.7 million in Q1 2026, and up 26.21% on a YoY basis from $64.7 million in Q2 2025.
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 26.21% year-over-year to $81.6 million; the TTM figure through Apr 2026 stood at $472.1 million (up 38.94% YoY), while the FY2026 annual figure was $455.1 million, up 33.93% from the prior year.
- Free Cash Flow was $81.6 million for Q2 2026 at Healthequity, down from $152.7 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $152.7 million in Q1 2026 to a low of -$11.7 million in Q1 2022.
- Historically, Free Cash Flow has averaged $69.8 million across 5 years, with a median of $75.6 million in 2023.
- The sharpest annual moves came in 2022 and 2023: Free Cash Flow slumped 221.98% in 2022, then jumped 877.31% in 2023.
- A 5-year view of Free Cash Flow shows it stood at $13.0 million in 2022, then surged by 483.87% to $75.8 million in 2023, then advanced by 19.41% to $90.5 million in 2024, then rose by 12.65% to $102.0 million in 2025, then retreated by 19.97% to $81.6 million in 2026.
- The last three Free Cash Flow figures came in at $81.6 million (Q2 2026), $152.7 million (Q1 2026), and $102.0 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 1.13 Bn |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 119.28 Mn |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 81.60 Mn |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 43.06 Mn |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 26.00 Mn |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 107.27 Mn |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 69.59 Mn |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | -49.47 Mn |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 42.07 Mn |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | -24.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 81.60 Mn |
| Apr 30, 2026 | 81.60 Mn |
| Jan 31, 2026 | 152.71 Mn |
| Jan 31, 2026 | 152.71 Mn |
| Oct 31, 2025 | 101.96 Mn |
| Oct 31, 2025 | 101.96 Mn |
| Jul 31, 2025 | 135.80 Mn |
| Jul 31, 2025 | 135.80 Mn |
| Apr 30, 2025 | 64.65 Mn |
| Apr 30, 2025 | 64.65 Mn |
| Jan 31, 2025 | 75.81 Mn |
| Jan 31, 2025 | 75.81 Mn |
| Oct 31, 2024 | 90.51 Mn |
| Oct 31, 2024 | 90.51 Mn |
| Jul 31, 2024 | 108.78 Mn |
| Jul 31, 2024 | 108.78 Mn |
| Apr 30, 2024 | 64.71 Mn |
| Apr 30, 2024 | 64.71 Mn |
| Jan 31, 2024 | 75.48 Mn |
| Jan 31, 2024 | 75.48 Mn |