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
DateValue
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