Healthequity (HQY) Research & Development (2013 - 2026)
Healthequity (HQY) posted Research & Development of $73.9 million for Q3 2026, up 9.08% on a QoQ basis from $67.8 million in Q2 2026, and up 14.07% year-over-year from $64.8 million in Q3 2025.
Analysis
Healthequity (HQY) Research & Development (2013 - 2026) Analysis & Trends
Healthequity has reported Research & Development for 14 years, with the latest figure at $73.9 million in Q3 2026.
- On a quarterly basis, Research & Development rose 14.07% year-over-year to $73.9 million in Q3 2026; TTM through Jul 2026 was $278.0 million, a 10.7% increase from a year earlier, with the FY2026 full-year figure at $262.5 million, up 9.6% from the prior year.
- Research & Development was $73.9 million for Q3 2026 at Healthequity, up from $67.8 million in the prior quarter.
- The five-year high for Research & Development was $73.9 million in Q3 2026, with the low at $45.2 million in Q2 2022.
- Average Research & Development over 5 years is $58.0 million, with a median of $56.1 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Research & Development surged 42.11% in 2022, then grew 4.77% in 2024.
- Over 5 years, Research & Development stood at $48.9 million in 2022, then climbed by 13.75% to $55.6 million in 2023, then increased by 8.23% to $60.2 million in 2024, then climbed by 9.52% to $65.9 million in 2025, then grew by 12.15% to $73.9 million in 2026.
- The last three Research & Development figures came in at $73.9 million (Q3 2026), $67.8 million (Q2 2026), and $70.4 million (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank of New York Mellon | 111.85 Bn | 51.23 Bn | - | 569.00 Mn |
| 2 | State Street | 53.36 Bn | 53.36 Bn | - | 589.00 Mn |
| 3 | Northern Trust | 34.15 Bn | 34.15 Bn | - | - |
| 4 | Sei Investments | 13.24 Bn | 13.16 Bn | - | 46.86 Mn |
| 5 | Healthequity | 7.97 Bn | 7.71 Bn | 257.95 Mn | 73.92 Mn |
| 6 | AtlasClear Holdings | 28.46 Mn | -12.04 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 73.92 Mn |
| Apr 30, 2026 | 67.77 Mn |
| Jan 31, 2026 | 70.35 Mn |
| Oct 31, 2025 | 65.92 Mn |
| Jul 31, 2025 | 64.80 Mn |
| Apr 30, 2025 | 61.44 Mn |
| Jan 31, 2025 | 64.65 Mn |
| Oct 31, 2024 | 60.19 Mn |
| Jul 31, 2024 | 58.58 Mn |
| Apr 30, 2024 | 56.09 Mn |
| Jan 31, 2024 | 55.24 Mn |
| Oct 31, 2023 | 55.61 Mn |
| Jul 31, 2023 | 54.77 Mn |
| Apr 30, 2023 | 53.19 Mn |
| Jan 31, 2023 | 52.72 Mn |
| Oct 31, 2022 | 48.89 Mn |
| Jul 31, 2022 | 46.58 Mn |
| Apr 30, 2022 | 45.18 Mn |
| Jan 31, 2022 | 45.93 Mn |
| Oct 31, 2021 | 38.07 Mn |