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Healthequity (HQY) Operating Expenses (2016 - 2026)

Healthequity (HQY) has 13 years of Operating Expenses data on record, last reported at $149.4 million in Q4 2025.

  • For Q4 2025, Operating Expenses fell 15.8% year-over-year to $149.4 million; the TTM value through Oct 2025 reached $580.5 million, down 2.02%, while the annual FY2025 figure was $614.9 million, 21.78% up from the prior year.
  • Operating Expenses reached $149.4 million in Q4 2025 per HQY's latest filing, up from $143.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $177.4 million in Q4 2024 and bottomed at $99.1 million in Q2 2021.
  • Average Operating Expenses over 5 years is $129.4 million, with a median of $126.1 million recorded in 2023.
  • Peak YoY movement for Operating Expenses: soared 38.28% in 2024, then decreased 15.8% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $103.9 million in 2021, then increased by 17.16% to $121.8 million in 2022, then increased by 5.35% to $128.3 million in 2023, then soared by 38.28% to $177.4 million in 2024, then fell by 15.8% to $149.4 million in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $149.4 million in Q4 2025, $143.0 million in Q3 2025, and $141.2 million in Q2 2025.