Healthequity (HQY) Invested Capital (2014 - 2026)
Healthequity (HQY) recorded quarterly Invested Capital of $3.0 billion in Q2 2026, down 2.43% quarter-over-quarter from $3.1 billion in Q1 2026, and down 5.98% on a YoY basis from $3.2 billion in Q2 2025.
Healthequity (HQY) Invested Capital (2014 - 2026) Analysis & Trends
Healthequity's Invested Capital history runs 13 years deep, the most recent figure standing at $3.0 billion for Q2 2026.
- In Q2 2026, Invested Capital fell 5.98% year-over-year to $3.0 billion; the TTM figure through Apr 2026 stood at $3.0 billion (down 5.98% YoY), while the FY2026 annual figure was $3.1 billion, down 3.36% from the prior year.
- Invested Capital was $3.0 billion for Q2 2026 at Healthequity, down from $3.1 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $3.3 billion in Q3 2024 to a low of $2.8 billion in Q1 2022.
- Historically, Invested Capital has averaged $3.0 billion across 5 years, with a median of $3.0 billion in 2024.
- The sharpest annual moves came in 2022 and 2026: Invested Capital advanced 17.67% in 2022, then dropped 5.98% in 2026.
- A 5-year view of Invested Capital shows it stood at $2.8 billion in 2022, then climbed by 1.86% to $2.9 billion in 2023, then increased by 12.0% to $3.2 billion in 2024, then slipped by 2.79% to $3.1 billion in 2025, then declined by 4.05% to $3.0 billion in 2026.
- The last three Invested Capital figures came in at $3.0 billion (Q2 2026), $3.1 billion (Q1 2026), and $3.1 billion (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 7.30 Bn |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 2.03 Bn |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 2.99 Bn |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 111.69 Mn |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 814.32 Mn |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 950.84 Mn |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 3.95 Bn |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 753.06 Mn |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 1.26 Bn |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | 1.34 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 2.99 Bn |
| Jan 31, 2026 | 3.06 Bn |
| Oct 31, 2025 | 3.12 Bn |
| Jul 31, 2025 | 3.15 Bn |
| Apr 30, 2025 | 3.18 Bn |
| Jan 31, 2025 | 3.17 Bn |
| Oct 31, 2024 | 3.21 Bn |
| Jul 31, 2024 | 3.26 Bn |
| Apr 30, 2024 | 3.02 Bn |
| Jan 31, 2024 | 2.91 Bn |
| Oct 31, 2023 | 2.86 Bn |
| Jul 31, 2023 | 2.82 Bn |
| Apr 30, 2023 | 2.79 Bn |
| Jan 31, 2023 | 2.82 Bn |
| Oct 31, 2022 | 2.81 Bn |
| Jul 31, 2022 | 2.79 Bn |
| Apr 30, 2022 | 2.78 Bn |
| Jan 31, 2022 | 2.78 Bn |
| Oct 31, 2021 | 2.80 Bn |
| Jul 31, 2021 | 2.84 Bn |