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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) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Q2 Holdings, Inc. (QTWO) trades at a P/B ratio of 7.1×. Over the past ten years it has ranged from 2.9× (March 2023) to 22.5× (June 2019); the current reading is higher than 32% of that period. That is above the Software Application industry median of 2.6× and above the Technology sector median of 2.5×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 6.8× (41.99%)
FY2024 11.7× 112.47%
FY2023 5.5× 47.94%
FY2022 3.7× (52.69%)
FY2021 7.9× (23.21%)
FY2020 10.2× 3.63%
FY2019 9.9× (26.02%)
FY2018 13.3× (9.63%)
FY2017 14.8× 30.76%
FY2016 11.3× 35.54%

Quarterly newest first

Period P/B ratio Change
Sep 2026 5.2× 12.15%
Jun 2026 4.7× (3.10%)
Mar 2026 4.8× (28.87%)
Dec 2025 6.8× (6.63%)
43 more quarters

Against its own ten years

Low 2.9× High 22.5×
Ten-year median 8.6×
Current reading's percentile 33

P/B ratio against peers

Company P/B ratio
WK Workiva Inc. compare n/m
BILL BILL Holdings, Inc. compare 1.4×
CCC CCC Intelligent Solutions Holdings Inc. compare 2.4×
SRAD Sportradar Group AG compare 3.6×
LIF Life360, Inc. compare 6.2×
MNDY monday.com Ltd. compare 6.6×
QTWO Q2 Holdings, Inc. 7.1×
BRZE Braze, Inc. compare 8.5×
DAVE Dave Inc. compare 12.9×
Software Application industry median 2.6×
Technology sector median 2.5×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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