What is HealthEquity's capex?

HealthEquity (HQY) reported capex of $362K in Q1 2026.

How has HealthEquity's capex changed year-over-year?

HealthEquity's capex increased by 320.9% year-over-year, from $86K to $362K.

What is the long-term trend for HealthEquity's capex?

Over 4 years (2022 to 2026), HealthEquity's capex has grown at a -31.4% compound annual growth rate (CAGR), from $8.91M to $1.97M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

HealthEquity HQY CapEx

CapEx at other companies

UnitedHealth GroupUNH

$763M-15.0%

Webster Financial CorporationWBS

$10.47M+26.0%

Willis Towers WatsonWTW

$55M+7.8%

CVS HealthCVS

$849M+14.3%

CenteneCNC

$200M+48.1%

Oscar HealthOSCR

$8.79M-2.6%

Other financials

Income statement

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Revenue$354.6M+7.2%

Gross profit$256.3M+14.3%

Operating income$103.0M+23.9%

Net income$69.4M+28.8%

EPS (diluted)$0.82+34.4%

Balance sheet

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Cash & equivalents$265.4M-7.8%

Total debt$984.7M-11.0%

Total equity$2.0B-3.6%

Total assets$3.3B-3.2%

Cash flow

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Operating cash flow$97.5M+50.6%

Free cash flow$97.2M+50.3%

Valuation

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Market cap$7.12B-6.7%

Enterprise value$7.84B-7.2%

P/E30.9×-31.8×

P/S5.3×-0.8×

Profitability

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Gross margin70.7%+5.2pp

Operating margin25.6%+9.2pp

Net margin17.3%+7.5pp

FCF margin36.5%+9.3pp

Returns & leverage

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Return on equity11.1%+5.3pp

Debt / equity0.5×0.0×

Current ratio3.4×-0.6×

Where this comes from

Reported directly by HealthEquity in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: HealthEquity’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HealthEquity's capex?: HealthEquity (HQY) reported capex of $362K in Q1 2026.
How has HealthEquity's capex changed year-over-year?: HealthEquity's capex increased by 320.9% year-over-year, from $86K to $362K.
What is the long-term trend for HealthEquity's capex?: Over 4 years (2022 to 2026), HealthEquity's capex has grown at a -31.4% compound annual growth rate (CAGR), from $8.91M to $1.97M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.