Healthequity (HQY) Operating Expenses (2013 - 2026)

Healthequity's (HQY) quarterly Operating Expenses came in at $153.4 million in Q2 2026, up 8.59% year-on-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.

  • On a quarterly basis, Operating Expenses rose 8.59% year-over-year to $153.4 million in Q2 2026; TTM through Apr 2026 was $602.8 million, a 1.29% decrease from a year earlier, with the FY2026 full-year figure at $590.7 million, down 3.95% from the prior year.
  • Operating Expenses slipped to $153.4 million in Q2 2026 per HQY's latest filing, from $157.1 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $177.4 million in Q4 2024 and bottomed 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.
  • Across the five-year window, Operating Expenses surged 38.28% in 2024 and dropped 15.8% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $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 slipped by 15.8% to $149.4 million in 2025, then increased by 2.67% to $153.4 million in 2026.
  • Per Business Quant, the three latest HQY Operating Expenses figures stand at $153.4 million (Q2 2026), $157.1 million (Q1 2026), and $149.4 million (Q4 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Veeva Systems 29.34 Bn 22.03 Bn 662.02 Mn 388.91 Mn
2 BrightSpring Health Services 13.49 Bn 12.59 Bn 482.22 Mn 360.77 Mn
3 Healthequity 7.96 Bn 7.70 Bn 256.31 Mn 153.36 Mn
4 10x Genomics 6.17 Bn 5.63 Bn 106.18 Mn 123.22 Mn
5 Hinge Health 6.02 Bn 5.70 Bn 154.23 Mn 122.16 Mn
6 MiniMed 4.19 Bn 3.89 Bn 480.00 Mn 398.00 Mn
7 Waystar Holding 4.14 Bn 4.07 Bn 216.84 Mn 233.41 Mn
8 Doximity 3.82 Bn 3.08 Bn 125.97 Mn 101.14 Mn
9 Privia Health 3.10 Bn 2.73 Bn - 596.43 Mn
10 Omnicell 1.81 Bn 1.57 Bn 140.36 Mn 123.51 Mn

Historic Data

Download Data
DateValue
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