Q2 Holdings, Inc. (QTWO)

NYSE: QTWO · Real-Time Price · USD

61.95

+1.06 (1.74%)

At close: Sep 14, 2026, 4:00 PM EDT

61.95

0.00 (0.00%)

After-hours: Sep 14, 2026, 6:30 PM EDT

Q2 Holdings Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	846.2	794.81	696.46	624.62	565.67	498.72
Revenue Growth	13.90%	14.12%	11.50%	10.42%	13.43%	23.83%
Gross Profit	482.24	429.68	354.48	302.65	256.35	225.04
Operating Income	85.33	41.81	-42.26	-86.03	-103.59	-75.31
Net Income	91.99	52.01	-38.54	-65.38	-108.98	-112.75
Earnings Per Share	1.42	0.80	-0.64	-1.12	-1.90	-2.00
EPS Growth	1796.94%	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Subscription	698.55	648.6	553.61	475.95	412.04	361.09
Transactional	71.02	70.64	68.49	65.42	67.37	68.83
Services and Other	76.63	75.57	74.37	83.26	86.26	68.8
Revenue (Total)	846.2	794.81	696.46	624.62	565.67	498.72

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	106.43	432.7	446.63	324.01	433.35	427.73
Total Debt	40.93	346.12	541.12	546.49	731.09	621.97
Net Cash (Debt)	65.49	86.58	-94.49	-222.48	-297.74	-194.25
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	0.99	1.33	-1.57	-3.81	-5.20	-3.44

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	226.26	201.46	135.75	70.29	36.56	31.09
Capital Expenditures	-13.02	-6.81	-6.69	-5.67	-11.14	-19.75
Free Cash Flow	213.25	194.65	129.06	64.62	25.41	11.34
Free Cash Flow Growth	23.60%	50.82%	99.72%	154.27%	124.15%	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	56.99%	54.06%	50.90%	48.45%	45.32%	45.12%
Operating Margin	10.08%	5.26%	-6.07%	-13.77%	-18.31%	-15.10%
Pretax Margin	11.52%	6.89%	-4.43%	-9.90%	-18.75%	-22.28%
Profit Margin	10.87%	6.54%	-5.53%	-10.47%	-19.27%	-22.61%
FCF Margin	25.20%	24.49%	18.53%	10.35%	4.49%	2.27%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 14, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	43.69	86.76	-	-	-	-
Forward PE	20.52	27.40	50.48	38.23	55.60	248.64
P/FCF Ratio	18.11	23.18	47.11	39.39	60.81	398.09
PS Ratio	4.56	5.68	8.73	4.08	2.73	9.05