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
DateValue
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