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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Q2 Holdings, Inc. (QTWO) trades at a price to free cash flow of 22.7×. Over the past ten years it has ranged from 0.0× (September 2022) to 1,548× (July 2021); the current reading is higher than 66% of that period. That is above the Software Application industry median of 17.2× and above the Technology sector median of 18.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 25.9× (54.41%)
FY2024 56.8× (9.28%)
FY2023 62.7× (74.99%)
FY2022 251× (71.00%)
FY2021 864× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 0.0× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 16.7× 4.80%
Jun 2026 15.9× (3.08%)
Mar 2026 16.4× (36.60%)
Dec 2025 25.9× (12.12%)
43 more quarters

Against its own ten years

Low 0.0× High 1,548×
Ten-year median 0.0×
Current reading's percentile 66

Price to free cash flow against peers

Company Price to free cash flow
DAVE Dave Inc. compare 11.1×
SRAD Sportradar Group AG compare 12.7×
MNDY monday.com Ltd. compare 13.9×
CCC CCC Intelligent Solutions Holdings Inc. compare 14.2×
BILL BILL Holdings, Inc. compare 14.3×
WK Workiva Inc. compare 21.0×
QTWO Q2 Holdings, Inc. 22.7×
LIF Life360, Inc. compare 38.7×
BRZE Braze, Inc. compare 63.6×
Software Application industry median 17.2×
Technology sector median 18.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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