HealthEquity, Inc.HQYNASDAQ
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Operating Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+18.2%
5Y CAGR+17.9%
Studio
Year-over-Year Change

Expenses from normal business operations (SG&A, R&D, etc.)

3Y CAGR
+18.2%/yr
vs +38.4%/yr prior
5Y CAGR
+17.9%/yr
Consistent
Acceleration
-20.2pp
Decelerating
Percentile
P100
Near historical high
vs 5Y Ago
2.3x
Strong expansion
Streak
9 yr
Consecutive growthExpanding
PeriodValueYoY Change
TTM$590.66M+27.7%
2025$462.51M+15.1%
2024$401.74M+12.3%
2023$357.85M+19.1%
2022$300.35M+15.8%
2021$259.27M+42.4%
2020$182.09M+86.6%
2019$97.59M+29.0%
2018$75.64M+24.3%
2017$60.85M-