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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/Sales

Alert me on EV/Sales

As of 5 November 2026, Q2 Holdings, Inc. (QTWO) trades at a EV/Sales of 5.9×. Over the past ten years it has ranged from 2.5× (March 2023) to 19.0× (February 2021); the current reading is higher than 27% of that period. That is above the Software Application industry median of 2.9× and above the Technology sector median of 2.6×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 5.9× (33.03%)
FY2024 8.7× 107.19%
FY2023 4.2× 33.41%
FY2022 3.2× (65.76%)
FY2021 9.2× (43.63%)
FY2020 16.4× 27.93%
FY2019 12.8× 45.48%
FY2018 8.8× 16.06%
FY2017 7.6× 10.34%
FY2016 6.9× (13.93%)

Quarterly newest first

Period EV/Sales Change
Sep 2026 4.5× 9.01%
Jun 2026 4.1× 7.17%
Mar 2026 3.9× (34.06%)
Dec 2025 5.9× (5.01%)
43 more quarters

Against its own ten years

Low 2.5× High 19.0×
Ten-year median 8.0×
Current reading's percentile 28

EV/Sales against peers

Company EV/Sales
SRAD Sportradar Group AG compare 1.6×
MNDY monday.com Ltd. compare 2.2×
BILL BILL Holdings, Inc. compare 3.0×
WK Workiva Inc. compare 4.6×
CCC CCC Intelligent Solutions Holdings Inc. compare 4.8×
DAVE Dave Inc. compare 5.1×
BRZE Braze, Inc. compare 5.6×
QTWO Q2 Holdings, Inc. 5.9×
LIF Life360, Inc. compare 6.3×
Software Application industry median 2.9×
Technology sector median 2.6×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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