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 | 30.98 Bn | 23.66 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 15.01 Bn | 14.11 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 8.09 Bn | 7.83 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 5.93 Bn | 5.39 Bn | 106.18 Mn | 123.22 Mn |
| 5 | Hinge Health | 5.90 Bn | 5.58 Bn | 154.23 Mn | 122.16 Mn |
| 6 | Waystar Holding | 4.45 Bn | 4.38 Bn | 216.84 Mn | 233.41 Mn |
| 7 | MiniMed | 4.35 Bn | 4.06 Bn | 480.00 Mn | 398.00 Mn |
| 8 | Doximity | 3.88 Bn | 3.13 Bn | 125.97 Mn | 101.14 Mn |
| 9 | Privia Health | 3.20 Bn | 2.78 Bn | - | 596.43 Mn |
| 10 | Omnicell | 1.90 Bn | 1.66 Bn | 140.36 Mn | 123.51 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 |