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) Return on invested capital

Alert me on Return on invested capital

Q2 Holdings, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 12.7%, up 8.0 percentage points from fiscal 2025 (4.70%). Over the past ten years it has ranged from −1,241.6% (fiscal 2016) to 4.70% (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%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 4.70% 9.41
FY2024 −4.71% 4.09
FY2023 −8.80% 1.24
FY2022 −10.0% (3.08)
FY2021 −6.96% 2.42
FY2020 −9.38% (3.22)
FY2019 −6.16% 6.09
FY2018 −12.3% 348.55
FY2017 −360.8% 880.79
FY2016 −1,241.6% (944.80)

Against its own ten years

Low −1,241.6% High 4.70%
Ten-year median −9.38%
Current reading's percentile 100

Return on invested capital against peers

Company Return on invested capital
DAVE Dave Inc. compare 40.2%
SRAD Sportradar Group AG compare 17.6%
QTWO Q2 Holdings, Inc. 12.7%
CCC CCC Intelligent Solutions Holdings Inc. compare 4.38%
LIF Life360, Inc. compare 0.89%
MNDY monday.com Ltd. compare 0.00%
WK Workiva Inc. compare 0.00%
BILL BILL Holdings, Inc. compare −1.34%
BRZE Braze, Inc. compare −34.7%
Software Application industry median 0.00%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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