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HealthEquity HQY Payments For Software

Payments For Software at other companies

Macy's logo
Macy'sM
$89M+15.6%
HQY
HealthEquityHQY
$15.93M-0.8%
Enpro logo
EnproNPO
$900K-35.7%
Dynatrace logo
DynatraceDT
$194K
Rubrik logo
RubrikRBRK
$3.8M+9.6%
Insulet logo
InsuletPODD
$3.5M+2.9%

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%
CapEx$362.0K+321%
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:PaymentsForSoftware.

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 payments for software?
HealthEquity (HQY) reported payments for software of $15.93M in Q1 2026.
How has HealthEquity's payments for software changed year-over-year?
HealthEquity's payments for software decreased by 0.8% year-over-year, from $16.06M to $15.93M.
What is the long-term trend for HealthEquity's payments for software?
Over 4 years (2022 to 2026), HealthEquity's payments for software has grown at a -7.2% compound annual growth rate (CAGR), from $62.71M to $46.52M.
What does payments for software mean?
This represents cash outflows directed toward the development or acquisition of internal-use software and technology platforms. For a technology-driven service provider, this is a critical indicator of ongoing investment in product innovation and infrastructure scalability. High levels of spending suggest a commitment to maintaining a competitive advantage through digital capabilities.