Healthequity (HQY) Return on Invested Capital [ROIC] (2020 - 2026)
Healthequity's Return on Invested Capital [ROIC] was 9.11% in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 3.28 percentage points from 5.83% a year earlier and up 0.38 percentage points from the prior quarter.
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Analysis
Healthequity (HQY) Return on Invested Capital [ROIC] (2020 - 2026) Analysis & Trends
For FY2026 (ended Jan 31, 2026), Return on Invested Capital [ROIC] at Healthequity came in at 8.02%, up 3.57 percentage points from FY2025.
- Return on Invested Capital [ROIC] has now increased for four consecutive fiscal years, with a five-year change of +6.55 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Return on Invested Capital [ROIC] was 4.45% in FY2025 (+1.40 pp), 3.05% in FY2024 (+2.83 pp), 0.22% in FY2023 (+0.85 pp) and -0.62% in FY2022 (-2.10 pp).
- The fiscal Q2 2027 figure marks the highest quarterly Return on Invested Capital [ROIC] in data going back to fiscal Q4 2020.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for 15 straight quarters, with an average year-over-year change of +2.50 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was fiscal Q4 2026 (a gain of 3.85 percentage points); the worst was fiscal Q4 2022 (a drop of 2.02 percentage points).
- Per Business Quant data, HQY's Return on Invested Capital [ROIC] in the three fiscal quarters before Q2 2027 was 8.73% (Q1 2027), 8.09% (Q4 2026) and 7.29% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.59 Bn | 97.93 Bn | - | 11.69% |
| 2 | Bank of New York Mellon | 100.46 Bn | 34.08 Bn | - | 25.25% |
| 3 | Intercontinental Exchange | 97.18 Bn | 90.07 Bn | - | 8.54% |
| 4 | Robinhood Markets | 72.63 Bn | 52.17 Bn | - | - |
| 5 | Nasdaq | 59.89 Bn | 57.32 Bn | 1.48 Bn | 10.50% |
| 6 | State Street | 45.42 Bn | 45.42 Bn | - | - |
| 7 | Cboe Global Markets | 36.91 Bn | 27.39 Bn | 712.20 Mn | 19.52% |
| 8 | Interactive Brokers | 34.30 Bn | 10.61 Bn | - | 40.69% |
| 9 | Northern Trust | 31.46 Bn | 31.46 Bn | - | 27.49% |
| 10 | Healthequity | 8.64 Bn | 7.49 Bn | 257.95 Mn | 9.11% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 9.11% |
| Apr 30, 2026 | 8.73% |
| Jan 31, 2026 | 8.09% |
| Oct 31, 2025 | 7.29% |
| Jul 31, 2025 | 5.83% |
| Apr 30, 2025 | 5.08% |
| Jan 31, 2025 | 4.24% |
| Oct 31, 2024 | 4.11% |
| Jul 31, 2024 | 4.39% |
| Apr 30, 2024 | 3.76% |
| Jan 31, 2024 | 3.03% |
| Oct 31, 2023 | 2.08% |
| Jul 31, 2023 | 1.69% |
| Apr 30, 2023 | 1.18% |
| Jan 31, 2023 | 0.22% |
| Oct 31, 2022 | -0.80% |
| Jul 31, 2022 | -0.98% |
| Apr 30, 2022 | -0.90% |
| Jan 31, 2022 | -0.58% |
| Oct 31, 2021 | 0.01% |
API Access
Healthequity Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=HQY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "HQY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=HQY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();