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Friday 6 November 2026 Export QTWO’s income statement to Excel — free account

Q2 Holdings, Inc.

QTWO Technology Software Application

Q2 Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $794.8 million, up 14.1% from fiscal 2024.

Revenue
+11.9%
EPS
+122.7%
Free cash flow
+47.6%
Total debt
−38.4%

Quarter to September 2026, against a year earlier

75.56 1.09 +1.46%
Market cap
$4.7B
P/E
42.6×
Fwd P/E
37.0×
Dividend yield
—
F-score
7/9
Altman Z
4.45
Beneish M
−2.77
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Q2 Holdings, Inc. (QTWO) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Q2 Holdings, Inc. (QTWO) trades at a EV/EBITDA of 27.5×. Over the past ten years it has ranged from 0.0× (December 2023) to 1,610× (March 2019); the current reading is higher than 61% of that period. That is above the Software Application industry median of 15.5× and above the Technology sector median of 14.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 37.4× (66.60%)
FY2024 112× (55.77%)
FY2023 253× —
FY2022 0.0× —
FY2021 152× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 1,124× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 20.8× (0.66%)
Jun 2026 21.0× (1.60%)
Mar 2026 21.3× (43.01%)
Dec 2025 37.4× (14.59%)
43 more quarters

Against its own ten years

Low 0.0× High 1,610×
Ten-year median 0.0×
Current reading's percentile 61

EV/EBITDA against peers

Company EV/EBITDA
BRZE Braze, Inc. compare n/m
LIF Life360, Inc. compare n/m
SRAD Sportradar Group AG compare 4.2×
DAVE Dave Inc. compare 15.3×
CCC CCC Intelligent Solutions Holdings Inc. compare 15.5×
QTWO Q2 Holdings, Inc. 27.5×
BILL BILL Holdings, Inc. compare 100×
MNDY monday.com Ltd. compare 104×
WK Workiva Inc. compare 113×
Software Application industry median 15.5×
Technology sector median 14.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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