Healthequity (HQY) Tax Rate (2013 - 2026)
Healthequity's quarterly Tax Rate came in at 18.32% in Q1 2026, up 632.0% year-on-year from 2.5% in Q1 2025, and down 21.68% quarter-over-quarter from 23.4% in Q4 2025.
Healthequity has reported Tax Rate for 14 years, with the latest figure at 18.32% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 632.0% year-over-year to 18.32%; the trailing twelve-month figure through Jan 2026 stood at 22.42% (up 578.0% YoY), and the FY2026 full-year result was 22.43%, up 577.0% from the prior year.
- Tax Rate for Q1 2026 stood at 18.32%, down from 23.4% 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 184.16%, with a median of 23.4% recorded in 2025.
- Year-over-year, Tax Rate jumped 268749 bps in 2023 and tumbled 270122 bps in 2024.
- Tracing HQY's Tax Rate over 5 years: 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 surged by 182 bps to 23.4% in 2025, then dropped by 22 bps to 18.32% in 2026.
- The last three Tax Rate figures came in at 18.32% (Q1 2026), 23.4% (Q4 2025), and 23.31% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 23.09 |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 10.32 |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 24.88 |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 2.26 |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 40.49 |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 27.58 |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | -4.85 |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 60.15 |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 32.53 |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | -4.92 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 24.88 |
| Apr 30, 2026 | 24.88 |
| Jan 31, 2026 | 18.32 |
| Jan 31, 2026 | 18.32 |
| Oct 31, 2025 | 23.40 |
| Oct 31, 2025 | 23.40 |
| Jul 31, 2025 | 23.31 |
| Jul 31, 2025 | 23.31 |
| Apr 30, 2025 | 24.01 |
| Apr 30, 2025 | 24.01 |
| Jan 31, 2025 | 12.00 |
| Jan 31, 2025 | 12.00 |
| Oct 31, 2024 | 8.28 |
| Oct 31, 2024 | 8.28 |
| Jul 31, 2024 | 23.16 |
| Jul 31, 2024 | 23.16 |
| Apr 30, 2024 | 13.24 |
| Apr 30, 2024 | 13.24 |
| Jan 31, 2024 | 11.28 |
| Jan 31, 2024 | 11.28 |
| Oct 31, 2023 | 30.42 |
| Oct 31, 2023 | 30.42 |
| Jul 31, 2023 | 25.61 |
| Jul 31, 2023 | 25.61 |
| Apr 30, 2023 | 59.11 |
| Apr 30, 2023 | 59.11 |
| Jan 31, 2023 | 2,712.50 |
| Jan 31, 2023 | 2,712.50 |
| Oct 31, 2022 | 73.45 |
| Oct 31, 2022 | 73.45 |
| Jul 31, 2022 | 23.20 |
| Jul 31, 2022 | 23.20 |
| Apr 30, 2022 | 24.44 |
| Apr 30, 2022 | 24.44 |
| Jan 31, 2022 | 25.01 |
| Jan 31, 2022 | 25.01 |
| Oct 31, 2021 | 44.79 |
| Oct 31, 2021 | 44.79 |
| Jul 31, 2021 | 50.96 |
| Jul 31, 2021 | 50.96 |
| Apr 30, 2021 | 56.89 |
| Apr 30, 2021 | 56.89 |
| Jan 31, 2021 | 499.93 |
| Jan 31, 2021 | 499.93 |
| Oct 31, 2020 | 56.67 |
| Oct 31, 2020 | 56.67 |
| Jul 31, 2020 | 78.58 |
| Jul 31, 2020 | 78.58 |
| Apr 30, 2020 | 10.67 |
| Apr 30, 2020 | 10.67 |
| Jan 31, 2020 | 68.70 |
| Jan 31, 2020 | 68.70 |
| Oct 31, 2019 | 31.74 |
| Oct 31, 2019 | 31.74 |
| Jul 31, 2019 | 18.41 |
| Jul 31, 2019 | 18.41 |
| Apr 30, 2019 | 18.44 |
| Apr 30, 2019 | 18.44 |
| Jan 31, 2019 | 19.81 |
| Jan 31, 2019 | 19.81 |
| Oct 31, 2018 | 10.01 |
| Oct 31, 2018 | 10.01 |
| Jul 31, 2018 | -4.79 |
| Jul 31, 2018 | -4.79 |
| Apr 30, 2018 | -9.92 |
| Apr 30, 2018 | -9.92 |
| Jan 31, 2018 | 12.23 |
| Jan 31, 2018 | 12.23 |
| Oct 31, 2017 | 20.39 |
| Oct 31, 2017 | 20.39 |
| Jul 31, 2017 | -2.97 |
| Jul 31, 2017 | -2.97 |
| Apr 30, 2017 | 11.42 |
| Apr 30, 2017 | 11.42 |
| Jan 31, 2017 | 32.56 |
| Jan 31, 2017 | 32.56 |
| Oct 31, 2016 | 31.62 |
| Oct 31, 2016 | 31.62 |
| Jul 31, 2016 | 35.18 |
| Jul 31, 2016 | 35.18 |
| Apr 30, 2016 | 35.97 |
| Apr 30, 2016 | 35.97 |
| Jan 31, 2016 | 27.19 |
| Jan 31, 2016 | 27.19 |
| Oct 31, 2015 | 36.39 |
| Oct 31, 2015 | 36.39 |
| Jul 31, 2015 | 36.44 |
| Jul 31, 2015 | 36.44 |
| Apr 30, 2015 | 36.82 |
| Apr 30, 2015 | 36.82 |
| Jan 31, 2015 | 28.67 |
| Jan 31, 2015 | 28.67 |
| Oct 31, 2014 | 26.51 |
| Oct 31, 2014 | 26.51 |
| Jul 31, 2014 | 39.83 |
| Jul 31, 2014 | 39.83 |
| Apr 30, 2014 | 41.69 |
| Apr 30, 2014 | 41.69 |
| Jan 31, 2014 | -9.70 |
| Jan 31, 2014 | -9.70 |
| Oct 31, 2013 | 39.29 |
| Oct 31, 2013 | 39.29 |
| Jul 31, 2013 | 37.81 |
| Jul 31, 2013 | 37.81 |
| Apr 30, 2013 | 38.45 |
| Apr 30, 2013 | 38.45 |