Healthequity (HQY) Tax Rate (2013 - 2026)
Healthequity's Tax Rate was 25.29% in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 1.98 percentage points from 23.31% a year earlier and up 0.40 percentage points from the prior quarter.
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Analysis
Healthequity (HQY) Tax Rate (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Healthequity's Tax Rate was 23.39% through Jul 31, 2026, up 2.14 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it was 22.43%, up 5.77 percentage points from FY2025.
- Tax Rate shows a five-year change of +135.81 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Tax Rate was 16.66% in FY2025 (-9.10 pp), 25.76% in FY2024 (-5.62 pp), 31.38% in FY2023 (-2.26 pp) and 33.64% in FY2022 (+147.02 pp).
- The fiscal Q2 2027 figure marks the highest quarterly Tax Rate since fiscal Q3 2024.
- Compared with a year earlier, Tax Rate has increased for seven straight quarters, with an average year-over-year change of +1.72 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q4 2023 (a gain of 2687.49 percentage points); the worst was fiscal Q4 2024 (a drop of 2701.22 percentage points).
- Per Business Quant data, HQY's Tax Rate in the three fiscal quarters before Q2 2027 was 24.89% (Q1 2027), 18.28% (Q4 2026) and 23.46% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.14 Bn | 82.23 Bn | - | 19.18% |
| 2 | Bank of New York Mellon | 98.14 Bn | 37.51 Bn | - | 20.95% |
| 3 | Cme | 94.12 Bn | 94.12 Bn | - | 21.53% |
| 4 | Intercontinental Exchange | 85.35 Bn | 79.16 Bn | - | 24.24% |
| 5 | Nasdaq | 51.71 Bn | 49.14 Bn | 1.50 Bn | 22.36% |
| 6 | State Street | 47.94 Bn | 47.94 Bn | - | 21.96% |
| 7 | Interactive Brokers | 38.49 Bn | 31.95 Bn | - | 8.10% |
| 8 | Northern Trust | 30.99 Bn | 30.99 Bn | - | 25.59% |
| 9 | Cboe Global Markets | 28.76 Bn | 20.41 Bn | 731.60 Mn | 28.62% |
| 10 | Healthequity | 7.33 Bn | 6.18 Bn | 257.95 Mn | 25.29% |
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, 2020 | 56.67% |
| Apr 30, 2020 | 10.67% |
| Jul 31, 2019 | 18.41% |
| Apr 30, 2019 | 18.44% |
| Jan 31, 2019 | 19.81% |
API Access
Healthequity Tax Rate 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=tax-rate&ticker=HQY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=HQY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();