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

Q2 Holdings, Inc. (QTWO) Net margin

Alert me on Net margin

Q2 Holdings, Inc.'s net margin over the twelve months to 30 September 2026 was 12.7%, up 6.1 percentage points from fiscal 2025 (6.54%). Over the past ten years it has ranged from −34.2% (fiscal 2020) to 6.54% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 6.54% 12.07
FY2024 −5.53% 4.94
FY2023 −10.5% 8.80
FY2022 −19.3% 3.34
FY2021 −22.6% 11.56
FY2020 −34.2% (11.70)
FY2019 −22.5% (7.79)
FY2018 −14.7% (1.19)
FY2017 −13.5% 10.71
FY2016 −24.2% (1.18)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 14.7% 1.12
Jun 2026 13.6% 1.29
Mar 2026 12.3% 2.48
Dec 2025 9.82% 2.36
43 more quarters

Against its own ten years

Low −34.2% High 6.54%
Ten-year median −19.3%
Current reading's percentile 100

Net margin against peers

Company Net margin
DAVE Dave Inc. compare 28.1%
LIF Life360, Inc. compare 25.7%
QTWO Q2 Holdings, Inc. 12.7%
MNDY monday.com Ltd. compare 8.87%
CCC CCC Intelligent Solutions Holdings Inc. compare 6.54%
WK Workiva Inc. compare 6.31%
SRAD Sportradar Group AG compare 1.51%
BILL BILL Holdings, Inc. compare −0.68%
BRZE Braze, Inc. compare −13.6%
Software Application industry median 0.00%
Technology sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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