R&D expense · 2012–2025

Healthequity R&D expense

$263M+9.6% · FY2025

Healthequity (HQY) reported $263M in R&D expense for fiscal 2025, +9.6% year on year.

$4.2M2012$7.1M2013$10.5M2014$16.8M2015$22.4M2016$27.4M2017$35.1M2018$77.6M2019$125M2020$157M2021$193M2022$219M2023$240M2024$263M2025
Healthequity — R&D expense, 2012–2025
Fiscal yearR&D expenseChangeFiling
FY20252026-01-31$263M+9.6%Open →
FY20242025-01-31$240M+9.5%Open →
FY20232024-01-31$219M+13.2%Open →
FY20222023-01-31$193M+22.9%Open →
FY20212022-01-31$157M+26.1%Open →
FY20202021-01-31$125M+60.9%Open →
FY20192020-01-31$77.6M+121.3%Open →
FY20182019-01-31$35.1M+28.0%Open →
FY20172018-01-31$27.4M+22.4%Open →
FY20162017-01-31$22.4M+32.9%Open →
FY20152016-01-31$16.8M+60.3%Open →
FY20142015-01-31$10.5M+47.0%Open →
FY20132014-01-31$7.1M+68.9%Open →
FY20122013-01-31$4.2M—Open →

R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2012–2025 compound annual growth +37.4%

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Healthequity R&D expense |url=https://companiesranked.com/en/company/healthequity/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Healthequity R&D expense. CompaniesRanked. https://companiesranked.com/en/company/healthequity/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-healthequity-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{Healthequity R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/healthequity/research-and-development-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0001428336-26-000010 · March 17, 2026

{{cite web |title=Healthequity R&D expense — 10-K (0001428336-26-000010) |url=https://www.sec.gov/Archives/edgar/data/1428336/000142833626000010/hqy-20260131.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-03-17}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

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