HealthEquity Cash Flow Statement
NASDAQ: HQYConsumer DiscretionaryBusiness ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
HealthEquity free cash flow
In fiscal 2026, HealthEquity generated $457.1 million of operating cash flow and spent $2.0 million on capital expenditures. That left free cash flow of $455.1 million, a free-cash-flow margin of 34.7% of revenue. Free cash flow was up 34.7% from the prior year's $337.8 million.
HealthEquity returned $299.3 million to shareholders through share repurchases, equal to 66% of free cash flow.
Summary generated from market data by MetaCap's automated system. Methodology
HealthEquity cash flow statement (annual)
| Fiscal year (USD) | FY 20262026-01-31 | FY 20252025-01-31 | FY 20242024-01-31 | FY 20232023-01-31 | FY 20222022-01-31 | FY 20212021-01-31 | FY 20202020-01-31 | FY 20192019-01-31 | FY 20182018-01-31 | FY 20172017-01-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 215.20M | 96.70M | 55.71M | -26.14M | -44.29M | 8.83M | 39.66M | 73.90M | 47.36M | 26.38M |
| Net Income growth (YoY) | +122.54% | +73.58% | — | — | -601.35% | -77.73% | -46.33% | +56.03% | +79.56% | +58.77% |
| Depreciation & Amortization | 154.66M | 162.45M | 153.08M | 161.20M | 137.19M | 115.90M | 55.35M | 18.18M | 15.95M | 13.19M |
| Stock-Based Compensation | 73.06M | 96.42M | 77.15M | 62.61M | 52.75M | 42.86M | 39.84M | 21.06M | 14.31M | 8.40M |
| Change in Working Capital | -16.64M | -16.02M | -41.05M | -31.62M | -5.92M | 5.17M | -18.52M | -5.11M | -5.21M | -1.75M |
| Operating Cash Flow | 457.09M | 339.86M | 242.83M | 150.65M | 141.00M | 181.62M | 105.01M | 113.42M | 81.70M | 45.59M |
| Capital Expenditures | -1.97M | -2.08M | -1.69M | -3.37M | -8.91M | -13.09M | -7.29M | -3.87M | -5.46M | -3.65M |
| Investing Cash Flow | -47.14M | -505.45M | -46.07M | -119.13M | -639.25M | -96.96M | -1.74B | 25.65M | -36.75M | -13.05M |
| Dividends Paid | — | — | — | — | — | — | — | — | — | 0 |
| Share Repurchases | -299.25M | -121.49M | 0 | 0 | — | — | — | — | — | — |
| Debt Issued | 0 | 736.88M | 0 | 0 | 950.00M | 0 | 1.25B | 0 | 0 | — |
| Debt Repaid | -100.00M | -561.88M | -54.38M | -8.75M | -1.00B | -239.06M | -7.81M | 0 | 0 | — |
| Financing Cash Flow | -386.98M | 57.57M | -47.04M | -2.67M | 394.86M | 52.42M | 1.47B | 22.93M | 14.56M | 23.78M |
| Net Change in Cash | 22.98M | -108.03M | 149.71M | 28.85M | -103.39M | 137.08M | -169.75M | 162.00M | 59.52M | 56.31M |
| Free Cash Flow | 455.13M | 337.77M | 241.13M | 147.28M | 132.09M | 168.53M | 97.72M | 109.55M | 76.24M | 41.95M |
This table shows 10 annual periods of HealthEquity's cash flow statement, from FY 2026 back to FY 2017, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow HQY's reporting calendar. What is a cash flow statement?