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) Operating margin

Alert me on Operating margin

Q2 Holdings, Inc.'s operating margin over the twelve months to 30 September 2026 was 12.4%, up 7.4 percentage points from fiscal 2025 (5.02%). Over the past ten years it has ranged from −24.8% (fiscal 2020) to 5.02% (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 0.02%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 5.02% 11.09
FY2024 −6.07% 7.71
FY2023 −13.8% 4.74
FY2022 −18.5% (2.88)
FY2021 −15.6% 9.15
FY2020 −24.8% (3.63)
FY2019 −21.2% (7.95)
FY2018 −13.2% 0.66
FY2017 −13.9% 9.91
FY2016 −23.8% (0.96)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 15.0% 1.69
Jun 2026 13.4% 0.56
Mar 2026 12.8% 4.69
Dec 2025 8.10% 2.64
43 more quarters

Against its own ten years

Low −24.8% High 5.02%
Ten-year median −15.6%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
DAVE Dave Inc. compare 32.5%
CCC CCC Intelligent Solutions Holdings Inc. compare 17.9%
QTWO Q2 Holdings, Inc. 12.4%
SRAD Sportradar Group AG compare 10.7%
WK Workiva Inc. compare 5.25%
MNDY monday.com Ltd. compare 1.33%
LIF Life360, Inc. compare 1.14%
BILL BILL Holdings, Inc. compare −4.44%
BRZE Braze, Inc. compare −13.4%
Software Application industry median 0.00%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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