Healthequity (HQY) Invested Capital (2019 - 2026)
Healthequity (HQY) recorded Invested Capital of $2.92 billion in fiscal Q2 2027 (quarter ended Jul 31, 2026), down 7.4% from $3.15 billion a year earlier and down 2.3% from the prior quarter.
Powered by 
Analysis
Healthequity (HQY) Invested Capital (2019 - 2026) Analysis & Trends
For FY2026 (ended Jan 31, 2026), Healthequity reported Invested Capital of $3.06 billion, down 3.4% from FY2025.
- Annual Invested Capital has a five-year compound annual growth rate of 5.3% (FY2021 to FY2026).
- Across earlier fiscal years, Invested Capital came in at $3.17 billion in FY2025 (+9.0%), $2.91 billion in FY2024 (+3.2%), $2.82 billion in FY2023 (+1.4%) and $2.78 billion in FY2022 (+17.7%).
- The fiscal Q2 2027 figure is the lowest quarterly Invested Capital since fiscal Q4 2024.
- On a year-over-year basis, Invested Capital has declined for five consecutive quarters, with growth averaging 0.4% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 18.9% in fiscal Q3 2022, against a decline of 7.4% in fiscal Q2 2027 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $2.99 billion (Q1 2027), $3.06 billion (Q4 2026) and $3.12 billion (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.59 Bn | 97.93 Bn | - | 29.99 Bn |
| 2 | Bank of New York Mellon | 100.46 Bn | 34.08 Bn | - | 85.20 Bn |
| 3 | Intercontinental Exchange | 97.18 Bn | 90.07 Bn | - | 53.25 Bn |
| 4 | Robinhood Markets | 72.63 Bn | 52.17 Bn | - | 12.74 Bn |
| 5 | Nasdaq | 59.89 Bn | 57.32 Bn | 1.48 Bn | 20.74 Bn |
| 6 | State Street | 45.42 Bn | 45.42 Bn | - | - |
| 7 | Cboe Global Markets | 36.91 Bn | 27.39 Bn | 712.20 Mn | 7.37 Bn |
| 8 | Interactive Brokers | 34.30 Bn | 10.61 Bn | - | 23.27 Bn |
| 9 | Northern Trust | 31.46 Bn | 31.46 Bn | - | 25.34 Bn |
| 10 | Healthequity | 8.64 Bn | 7.49 Bn | 257.95 Mn | 2.92 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 2.92 Bn |
| 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 |
API Access
Healthequity Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=HQY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "HQY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=HQY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();