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QTWOQ2 Holdings, Inc.
$53.95$3.4B
Overview & Verdict
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QTWO logoQ2 Holdings, Inc.(QTWO)Earnings, Financials & Key Ratios

QTWO•NYSE
$53.95
67.4× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryFinancial services and insurance software
AboutQ2 Holdings, Inc. provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Consumer Banking, a browser-based digital banking solution and comprehensive financial institution branded digital banking capabilities; Q2 Small Business and Commercial, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture. It also provides Q2 Sentinel, a security analytics solution; Q2 Patrol, an event-driven validation product; Q2 SMART, a targeting and messaging platform; and Q2 CardSwap that allows account holders receiving newly issued cards to automatically change their payment information. In addition, the company offers Q2 Gro, a digital account opening, and digital sales and marketing platform; Q2 Biller Direct, a bill payment solution; ClickSWITCH allows financial institutions to direct deposits to the end user. Centrix Dispute Tracking System, an electronic transaction dispute management solution; Centrix Payments I.Q. System, an ACH file monitoring and risk reporting solution; Centrix Exact/Transaction Management System, a fraud prevention tool; and Q2 Caliper Software Development Kit. Futher, it provides Q2 Contextual PFM, which allows end users to add external accounts and view them together with internal accounts on digital banking home page; Q2 Goals that enables end users to establish and save towards specific savings goals; Q2 Cloud Lending, a digital lending and leasing platform; PrecisionLender platform, a cloud-based, data-driven sales enablement, pricing, and portfolio management solution; and Q2 BaaS, a portfolio of open API financial services. The company was formerly known as CBG Holdings, Inc. and changed its name to Q2 Holdings, Inc. in March 2013. Q2 Holdings, Inc. was founded in 2004 and is headquartered in Austin, Texas.Show more
  • Revenue$795M+14.1%
  • EBITDA$115M+333.4%
  • Net Income$52M+235.0%
  • EPS (Diluted)0.80+225.0%
  • Gross Margin54.05%+6.2%
  • EBITDA Margin14.48%+279.8%
  • Operating Margin5.74%+194.6%
  • Net Margin6.54%+218.3%
  • ROE8.82%+210.6%

QTWO Price & Volume

Q2 Holdings, Inc. (QTWO) stock price & volume — 10-year historical chart

Loading chart...

Operating Leverage Drives Profitability Amid Structural Growth

Investment Thesis • Updated 2026Q1

VerdictPositive
Growth:Stable
Profitability:Moderate
Financial:Healthy
Cash Flow:Improving
Primary Risk:Regional bank consolidation risk

Key Thesis Takeaways

  • Q2 Holdings has successfully transitioned from a loss-making entity to a profitable software provider, evidenced by a 14.1% year-over-year revenue growth in 2026Q1 and a significant swing to $28.1M in operating income.
  • The company's focus on cloud-native digital banking solutions has yielded structural margin expansion, though investors should monitor the persistent $20.3M in quarterly stock-based compensation and the $512.9M in goodwill that remains on the balance sheet.
  • Future performance appears contingent on maintaining this operational discipline while navigating the inherent risks of regional bank consolidation.

Verdict Logic

the company demonstrates a clear path to profitability with a 23.0% free cash flow margin in 2026Q1, though investors should remain cautious of the 59.89 TTM P/E valuation.

QTWO Growth Metrics

Q2 Holdings, Inc. (QTWO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years21.99%
5 Years14.56%
3 Years12%
TTM14%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM470.58%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM422.3%

Return on Capital

10 Years-9.36%
5 Years-4.37%
3 Years-2.26%
Last Year5.61%

QTWO Recent Earnings

Q2 Holdings, Inc. (QTWO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 29, 2026
Metric
Actual
Est
EPS
$0.63-11.3%
$0.71
Rev
$217M+1.0%
$214M
Q1 2026
Feb 11, 2026
Metric
Actual
Est
EPS
$0.61+3.4%
$0.59
Rev
$208M+1.7%
$205M
Q4 2025
Nov 5, 2025
Metric
Actual
Est
EPS
$0.57+3.6%
$0.55
Rev
$202M-1.5%
$205M
Q3 2025
Jul 30, 2025
Metric
Actual
Est
EPS
$0.50-2.0%
$0.51
Rev
$195M-1.4%
$198M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 29, 2026
$0.63vs $0.71-11.3%
$217Mvs $214M+1.0%
Q1 2026Feb 11, 2026
$0.61vs $0.59+3.4%
$208Mvs $205M+1.7%
Q4 2025Nov 5, 2025
$0.57vs $0.55+3.6%
$202Mvs $205M-1.5%
Q3 2025Jul 30, 2025
$0.50vs $0.51-2.0%
$195Mvs $198M-1.4%
Based on last 12 quarters of dataView full earnings history →

Latest QTWO News

Recent stock market news and headlines for Q2 Holdings, Inc. (QTWO)

Zacks Investment Research·Jun 29, 2026
Q2 Holdings (QTWO) Surges 8.8%: Is This an Indication of Further Gains?

Q2 Holdings (QTWO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Globe News Wire·Jun 23, 2026
Einride Appoints Seasoned Public Company Board Director and Financial Executive R. Lynn Atchison to Its Board of Directors

STOCKHOLM, June 23, 2026 (GLOBE NEWSWIRE) -- Einride AB (Nasdaq: ENRD) a technology company driving the transition to cost-efficient autonomous and electric freight operations for some of the world's largest shippers, today announced that R. Lynn Atchison, a highly experienced corporate board director and financial executive with deep expertise in high-growth technology companies, will be appointed to the Board of Directors of Einride, subject to shareholder and regulatory approvals.

Peers Comparison

Key metrics vs top competitors for Q2 Holdings, Inc. (QTWO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
QTWO logoQTWOQ2 Holdings, Inc.Current
$53.95$3.38B67.4414.12%6.54%8.82%—
NCNO logoNCNOnCino, Inc.
$18.06$1.98B361.2010.01%2.17%1.27%—
IBCP logoIBCPIndependent Bank Corporation
$35.76$736.88M10.94-0.3%22.54%14.15%—
ALKT logoALKTAlkami Technology, Inc.
$18.51$1.98B-40.2432.89%-10.55%-13.96%—
JKHY logoJKHYJack Henry & Associates, Inc.
$146.71$10.62B23.517.21%20.64%24.03%—
FIS logoFISFidelity National Information Services, Inc.
$42.60$22.02B56.805.43%22.91%18.45%—

Compare QTWO vs Peers

Q2 Holdings, Inc. (QTWO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NCNO

Most directly comparable listed peer for QTWO.

Scale Benchmark

vs MSFT

Larger-name benchmark to compare QTWO against a more recognizable public peer.

Peer Set

Compare Top 5

vs NCNO, IBCP, ALKT, JKHY

QTWO SEC Filings & Documents

Q2 Holdings, Inc. (QTWO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 29, 2026·SEC

Material company update

Feb 11, 2026·SEC

Material company update

Nov 5, 2025·SEC

10-K Annual Reports

3
FY 2026

Feb 11, 2026·SEC

FY 2025

Feb 12, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 29, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Jul 30, 2025·SEC

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QTWO Frequently Asked Questions

Q2 Holdings, Inc. (QTWO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Q2 Holdings, Inc.'s revenue?

Q2 Holdings, Inc. (QTWO) reported $821.6M in revenue for fiscal year 2025. This represents a 2945% increase from $27.0M in 2011.

How fast is Q2 Holdings, Inc. growing?

Q2 Holdings, Inc. (QTWO) grew revenue by 14.1% over the past year. This is steady growth.

Is QTWO profitable?

Yes, Q2 Holdings, Inc. (QTWO) is profitable, generating $73.9M in net income for fiscal year 2025 (6.5% net margin).

Dividend & Returns
What is QTWO's return on equity?

Q2 Holdings, Inc. (QTWO) has a return on equity (ROE) of 8.8%. This is below average, suggesting room for improvement.

What is Q2 Holdings, Inc.'s free cash flow?

Q2 Holdings, Inc. (QTWO) generated $195.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in QTWO back in 2011?

Total return calculator · dividends reinvested · 15+ years of data

See returns →