Healthequity (HQY) Operating Expenses (2013 - 2026)
Healthequity's quarterly Operating Expenses came in at $157.1 million in Q1 2026, up 6.93% year-on-year from $146.9 million in Q1 2025, and up 5.16% quarter-over-quarter from $149.4 million in Q4 2025.
Healthequity has reported Operating Expenses for 14 years, with the latest figure at $157.1 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 6.93% year-over-year to $157.1 million; the trailing twelve-month figure through Jan 2026 stood at $590.7 million (down 3.95% YoY), and the FY2026 full-year result was $590.7 million, down 3.95% from the prior year.
- Operating Expenses for Q1 2026 stood at $157.1 million, up from $149.4 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.
- Average Operating Expenses over 5 years is $136.8 million, with a median of $132.9 million recorded in 2022.
- Year-over-year, Operating Expenses surged 38.28% in 2024 and dropped 15.8% in 2025.
- Tracing HQY's Operating Expenses over 5 years: stood at $121.8 million in 2022, then rose by 5.35% to $128.3 million in 2023, then jumped by 38.28% to $177.4 million in 2024, then dropped by 15.8% to $149.4 million in 2025, then grew by 5.16% to $157.1 million in 2026.
- The last three Operating Expenses figures came in at $157.1 million (Q1 2026), $149.4 million (Q4 2025), and $143.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 376.60 Mn |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 153.36 Mn |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 122.16 Mn |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 101.14 Mn |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 233.41 Mn |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 123.22 Mn |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 596.43 Mn |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 123.51 Mn |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | 675.61 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 |
| Apr 30, 2021 | 99.10 Mn |
| Jan 31, 2021 | 102.51 Mn |
| Oct 31, 2020 | 93.06 Mn |
| Jul 31, 2020 | 92.76 Mn |
| Apr 30, 2020 | 93.00 Mn |
| Jan 31, 2020 | 99.14 Mn |
| Oct 31, 2019 | 86.11 Mn |
| Jul 31, 2019 | 33.58 Mn |
| Apr 30, 2019 | 30.08 Mn |
| Jan 31, 2019 | 27.86 Mn |
| Oct 31, 2018 | 26.83 Mn |
| Jul 31, 2018 | 25.01 Mn |
| Apr 30, 2018 | 23.82 Mn |
| Jan 31, 2018 | 23.21 Mn |
| Oct 31, 2017 | 20.17 Mn |
| Jul 31, 2017 | 19.31 Mn |
| Apr 30, 2017 | 17.81 Mn |
| Jan 31, 2017 | 18.05 Mn |
| Oct 31, 2016 | 16.85 Mn |
| Jul 31, 2016 | 15.82 Mn |
| Apr 30, 2016 | 14.43 Mn |
| Jan 31, 2016 | 14.07 Mn |
| Oct 31, 2015 | 11.37 Mn |
| Jul 31, 2015 | 11.09 Mn |
| Apr 30, 2015 | 9.92 Mn |
| Jan 31, 2015 | 10.49 Mn |
| Oct 31, 2014 | 7.94 Mn |
| Jul 31, 2014 | 6.70 Mn |
| Apr 30, 2014 | 5.97 Mn |
| Jan 31, 2014 | 6.83 Mn |
| Oct 31, 2013 | 4.98 Mn |
| Jul 31, 2013 | 4.73 Mn |
| Apr 30, 2013 | 4.73 Mn |