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%

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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

Q2 Holdings, Inc. (QTWO) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Q2 Holdings, Inc. (QTWO) trades at a P/S ratio of 5.4×. Over the past ten years it has ranged from 2.1× (March 2023) to 18.9× (February 2021); the current reading is higher than 24% of that period. That is above the Software Application industry median of 3.0× and above the Technology sector median of 2.6×.

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<iframe src="https://stockrow.com/embed/QTWO/ps-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Q2 Holdings, Inc. P/S ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/QTWO/metrics/ps-ratio">Q2 Holdings, Inc. (QTWO) P/S ratio — stockrow.com</a></p>

Period	P/S ratio	Change
FY2025	5.6×	(35.03%)
FY2024	8.7×	120.01%
FY2023	3.9×	43.40%
FY2022	2.8×	(69.35%)
FY2021	9.0×	(45.03%)
FY2020	16.3×	37.64%
FY2019	11.9×	34.99%
FY2018	8.8×	8.36%
FY2017	8.1×	7.72%
FY2016	7.5×	(16.54%)

Period	P/S ratio	Change
Sep 2026	4.0×	11.47%
Jun 2026	3.6×	(1.03%)
Mar 2026	3.6×	(36.40%)
Dec 2025	5.6×	(3.94%)
43 more quarters	Free account

Against its own ten years

Low 2.1× High 18.9×

Ten-year median 8.6×

Current reading's percentile 26

Company	P/S ratio
SRAD Sportradar Group AG compare	1.7×
MNDY monday.com Ltd. compare	3.0×
BILL BILL Holdings, Inc. compare	3.1×
CCC CCC Intelligent Solutions Holdings Inc. compare	3.9×
WK Workiva Inc. compare	4.7×
DAVE Dave Inc. compare	5.1×
QTWO Q2 Holdings, Inc.	5.4×
BRZE Braze, Inc. compare	6.1×
LIF Life360, Inc. compare	6.6×
Software Application industry median	3.0×
Technology sector median	2.6×
Market median	1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

Q2 Holdings, Inc. (QTWO) P/S ratio

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on QTWO

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on QTWO

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