Healthequity (HQY) Operating Expenses (2013 - 2026)
Healthequity (HQY) posted quarterly Operating Expenses of $153.4 million for Q2 2026, up 8.59% year-over-year from $141.2 million in Q2 2025, and down 2.37% quarter-over-quarter from $157.1 million in Q1 2026.
Healthequity (HQY) Operating Expenses (2013 - 2026) Analysis & Trends
Healthequity's Operating Expenses history runs 14 years deep, the most recent figure standing at $153.4 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 8.59% year-over-year to $153.4 million; the TTM figure through Apr 2026 stood at $602.8 million (down 1.29% YoY), while the FY2026 annual figure was $590.7 million, down 3.95% from the prior year.
- Operating Expenses for Q2 2026 stood at $153.4 million, down from $157.1 million in the prior quarter.
- The five-year high for Operating Expenses was $177.4 million in Q4 2024, with the low at $118.9 million in Q2 2022.
- The 5-year median for Operating Expenses is $137.0 million (2022), against an average of $137.8 million.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses surged 38.28% in 2024, then retreated 15.8% in 2025.
- Healthequity's Operating Expenses stood at $121.8 million in 2022, then grew by 5.35% to $128.3 million in 2023, then surged by 38.28% to $177.4 million in 2024, then decreased by 15.8% to $149.4 million in 2025, then grew by 2.67% to $153.4 million in 2026.
- Business Quant data shows HQY's Operating Expenses at $153.4 million in Q2 2026, $157.1 million in Q1 2026, and $149.4 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 362.36 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 132.05 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 143.51 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 243.63 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 99.28 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 71.09 Mn |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 620.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 153.36 Mn |
| Jan 31, 2026 | 157.08 Mn |
| Oct 31, 2025 | 149.37 Mn |
| Jul 31, 2025 | 142.98 Mn |
| Apr 30, 2025 | 141.23 Mn |
| Jan 31, 2025 | 146.89 Mn |
| Oct 31, 2024 | 177.40 Mn |
| Jul 31, 2024 | 145.12 Mn |
| Apr 30, 2024 | 145.51 Mn |
| Jan 31, 2024 | 124.43 Mn |
| Oct 31, 2023 | 128.29 Mn |
| Jul 31, 2023 | 126.93 Mn |
| Apr 30, 2023 | 125.29 Mn |
| Jan 31, 2023 | 121.56 Mn |
| Oct 31, 2022 | 121.78 Mn |
| Jul 31, 2022 | 120.66 Mn |
| Apr 30, 2022 | 118.89 Mn |
| Jan 31, 2022 | 132.86 Mn |
| Oct 31, 2021 | 103.94 Mn |
| Jul 31, 2021 | 113.10 Mn |