Healthequity (HQY) Tax Rate (2013 - 2026)
Healthequity (HQY) posted Tax Rate of 25.29% for Q3 2026, up 1.61% on a QoQ basis from 24.89% in Q2 2026, and up 198.0% year-over-year from 8.49% in Q3 2025.
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Analysis
Healthequity (HQY) Tax Rate (2013 - 2026) Analysis & Trends
Healthequity has reported Tax Rate for 14 years, with the latest figure at 25.29% in Q3 2026.
- On a quarterly basis, Tax Rate rose 198.0% year-over-year to 25.29% in Q3 2026; TTM through Jul 2026 was 23.39%, a 214.0% increase from a year earlier, with the FY2026 full-year figure at 22.43%, up 577.0% from the prior year.
- Tax Rate was 25.29% for Q3 2026 at Healthequity, up from 24.89% in the prior quarter.
- The five-year high for Tax Rate was 2712.5% in Q1 2023, with the low at 8.28% in Q4 2024.
- Average Tax Rate over 5 years is 167.42%, with a median of 24.01% recorded in 2025.
- The sharpest annual moves came in 2023 and 2024: Tax Rate soared 268749 bps in 2023, then slumped 270122 bps in 2024.
- Over 5 years, Tax Rate stood at 73.45% in 2022, then sank by 59 bps to 30.42% in 2023, then sank by 73 bps to 8.28% in 2024, then soared by 183 bps to 23.46% in 2025, then rose by 8 bps to 25.29% in 2026.
- The last three Tax Rate figures came in at 25.29% (Q3 2026), 24.89% (Q2 2026), and 18.28% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank of New York Mellon | 111.85 Bn | 51.23 Bn | - | 20.95% |
| 2 | State Street | 53.36 Bn | 53.36 Bn | - | 21.96% |
| 3 | Northern Trust | 34.15 Bn | 34.15 Bn | - | 25.59% |
| 4 | Sei Investments | 13.24 Bn | 13.16 Bn | - | 21.19% |
| 5 | Healthequity | 7.97 Bn | 7.71 Bn | 257.95 Mn | 25.29% |
| 6 | AtlasClear Holdings | 28.46 Mn | -12.04 Mn | - | 9.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 25.29% |
| Apr 30, 2026 | 24.89% |
| Jan 31, 2026 | 18.28% |
| Oct 31, 2025 | 23.46% |
| Jul 31, 2025 | 23.31% |
| Apr 30, 2025 | 24.01% |
| Jan 31, 2025 | 12.00% |
| Oct 31, 2024 | 8.28% |
| Jul 31, 2024 | 23.16% |
| Apr 30, 2024 | 13.32% |
| Jan 31, 2024 | 11.28% |
| Oct 31, 2023 | 30.42% |
| Jul 31, 2023 | 25.61% |
| Apr 30, 2023 | 59.11% |
| Jan 31, 2023 | 2,712.50% |
| Oct 31, 2022 | 73.45% |
| Jul 31, 2022 | 23.20% |
| Apr 30, 2022 | 24.44% |
| Jan 31, 2022 | 25.01% |
| Oct 31, 2021 | 44.79% |