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
DateValue
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%