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Q2 Holdings

QTWO

Q2 Holdings is a leading provider of cloud-based digital banking and financial software solutions designed for financial institutions, FinTechs, and alternative finance companies.

Market cap
$3.71B-33.9%
Revenue$846.2M+13.9%
Net income$92.0M+1,849%
Free cash flow$213.2M+23.6%
EPS (diluted)$1.40+2,700%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$219.8M+12.6%
Gross profit$130.2M+24.5%
Operating income$29.3M+198%
Net income$29.9M+154%
EPS (diluted)$0.46+156%

Balance sheet

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Cash & equivalents$99.9M-73.5%
Total debt$40.9M-92.4%
Total equity$643.5M+10.1%
Total assets$968.4M-30.1%

Cash flow

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Operating cash flow$60.7M+24.7%
CapEx$1.7M+30.1%
Free cash flow$59.0M+24.5%

Valuation & ratios

Valuation

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Market cap$3.71B-33.9%
Enterprise value$3.65B-37.0%
P/E40.3×-1,153×
P/S4.4×-3.2×

Profitability

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Gross margin57%+4.4pp
Operating margin10%+9.7pp
Net margin10.9%+10.2pp
FCF margin25.2%+2.0pp

Returns & leverage

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Return on equity15%+14.1pp
Debt / equity0.1×-0.9×
Current ratio0.9×0.0×

Segments

By product

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Subscription$182.8M+15.4%
Transactional$17.9M+7.1%

Competitors

Profile

Q2 Holdings is a leading provider of cloud-based digital banking and financial software solutions designed for financial institutions, FinTechs, and alternative finance companies. The company provides a unified platform that enables these entities to deliver secure, compliant, and highly configurable digital financial experiences to retail and commercial end users. Its value proposition centers on reducing operational complexity and modernizing legacy infrastructure through a scalable software-as-a-service model.

Competitive position

Q2 is a dominant player in the RCFI market, serving over half of the top 100 U.S. banks and credit unions. It differentiates through an open platform approach and deep integration with legacy core banking systems.

GeographiesUnited States
Customer segmentsRegional and Community Financial Institutions, Tier 1 Banks, Credit Unions, FinTechs, Alternative Finance Companies
Business modelSubscription SaaS, Usage-based pricing, B2B
SuppliersCloud infrastructure providers, Data center operators, Third-party data providers, Cybersecurity hardware and software vendors
CustomersRetail banking customers, Small to medium businesses (SMBs), Commercial enterprises, Borrowers
Listed2014
Employees2.3K
CEOMatthew Flake
FilingsSEC EDGAR

Questions, answered.

What is Q2 Holdings's market cap?
Q2 Holdings (QTWO) has a market capitalization of $3.7B and trades on NYSE.
What is Q2 Holdings's revenue and profitability?
Q2 Holdings generated $846.2M in trailing twelve-month revenue with net income of $92.0M, representing a net margin of 10.9%. Gross margin stands at 57.0%, with free cash flow of $213.2M. These figures are based on the Q2 2026 filing.
Who are Q2 Holdings's competitors?
Q2 Holdings's key competitors include Alkami Technology, FIS, nCino, and others. These companies compete in similar markets and product categories.
What subsidiaries does Q2 Holdings have?
Q2 Holdings's subsidiaries include PrecisionLender, Centrix Solutions.
Where is Q2 Holdings headquartered?
Q2 Holdings is headquartered in United States of America and employs approximately 2,315 people. It has been publicly traded since 2014.