Healthequity (HQY) Tax Rate (2013 - 2026)
Healthequity's (HQY) quarterly Tax Rate came in at 24.88% in Q2 2026, up 92.0% year-on-year from 12.96% in Q2 2025, and up 36.14% quarter-over-quarter from 18.28% in Q1 2026.
Healthequity (HQY) Tax Rate (2013 - 2026) Analysis & Trends
Healthequity's Tax Rate history runs 14 years deep, the most recent figure standing at 24.88% for Q2 2026.
- On a quarterly basis, Tax Rate rose 92.0% year-over-year to 24.88% in Q2 2026; TTM through Apr 2026 was 22.8%, a 205.0% increase from a year earlier, with the FY2026 full-year figure at 22.43%, up 577.0% from the prior year.
- Tax Rate climbed to 24.88% in Q2 2026 per HQY's latest filing, from 18.28% in the prior quarter.
- Across five years, Tax Rate topped out at 2712.5% in Q1 2023 and bottomed at 8.28% in Q4 2024.
- The 5-year median for Tax Rate is 23.71% (2025), against an average of 175.31%.
- Across the five-year window, Tax Rate jumped 268749 bps in 2023 and tumbled 270122 bps in 2024, its largest moves.
- Year by year, Tax Rate stood at 73.45% in 2022, then plunged by 59 bps to 30.42% in 2023, then plunged by 73 bps to 8.28% in 2024, then surged by 183 bps to 23.46% in 2025, then climbed by 6 bps to 24.88% in 2026.
- Per Business Quant, the three latest HQY Tax Rate figures stand at 24.88% (Q2 2026), 18.28% (Q1 2026), and 23.46% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.33 Bn | 24.02 Bn | 662.02 Mn | 24.92% |
| 2 | BrightSpring Health Services | 14.94 Bn | 14.04 Bn | 482.22 Mn | 10.32% |
| 3 | Healthequity | 8.10 Bn | 7.83 Bn | 256.31 Mn | 24.88% |
| 4 | 10x Genomics | 5.99 Bn | 5.45 Bn | 106.18 Mn | -4.85% |
| 5 | Hinge Health | 5.90 Bn | 5.58 Bn | 154.23 Mn | 2.26% |
| 6 | Waystar Holding | 4.38 Bn | 4.32 Bn | 216.84 Mn | 27.64% |
| 7 | MiniMed | 4.38 Bn | 4.08 Bn | 480.00 Mn | -101.09% |
| 8 | Doximity | 3.90 Bn | 3.15 Bn | 125.97 Mn | 40.49% |
| 9 | Privia Health | 3.17 Bn | 2.75 Bn | - | 60.15% |
| 10 | Omnicell | 1.89 Bn | 1.65 Bn | 140.36 Mn | 32.81% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 24.88% |
| Apr 30, 2026 | 24.88% |
| Apr 30, 2026 | 24.88% |
| Jan 31, 2026 | 18.28% |
| Jan 31, 2026 | 18.28% |
| Jan 31, 2026 | 18.28% |
| Oct 31, 2025 | 23.46% |
| Oct 31, 2025 | 23.46% |
| Oct 31, 2025 | 23.46% |
| Jul 31, 2025 | 23.31% |
| Jul 31, 2025 | 23.31% |
| Jul 31, 2025 | 23.31% |
| Apr 30, 2025 | 23.96% |
| Apr 30, 2025 | 23.96% |
| Apr 30, 2025 | 23.96% |
| Jan 31, 2025 | 12.00% |
| Jan 31, 2025 | 12.00% |
| Jan 31, 2025 | 12.00% |
| Oct 31, 2024 | 8.28% |
| Oct 31, 2024 | 8.28% |