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Q2 Holdings QTWO Q2 2026 earnings

Reported July 29, 2026 · After market close

Revenue$219.8MBeat by $2.9M
EPS$0.70Beat by $0.02
Revenue estimate$216.9M
EPS estimate$0.68
Customers increasingly view Q2 as a strategic partner, evidenced by a top 25 U.S. bank that added relationship pricing this quarter to a partnership that already spans our commercial digital banking and risk and fraud solutions. That same platform breadth is what we believe positions us for the road ahead: extending AI and fraud innovation across our customer base, which was front and center at our largest CONNECT yet. With a healthy pipeline entering the second half, we remain confident in our ability to execute and deliver long-term value.
Matt Flake

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$221.4M
EPS estimate$0.71

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

as of 09/16/26
See full
Market cap$3.75B-26.4%
Enterprise value$3.69B-29.8%
P/E40.7×-1,038×
P/S4.4×-2.4×

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%

FAQ

When did Q2 Holdings report Q2 2026 earnings?
Q2 Holdings (QTWO) reported Q2 2026 earnings on July 29, 2026 after market close.
What were Q2 Holdings's Q2 2026 revenue and EPS?
Q2 Holdings reported revenue of $219.8M and eps of $0.70 for Q2 2026.
Did Q2 Holdings beat estimates in Q2 2026?
Revenue beat the consensus estimate of $216.9M by $2.9M. EPS beat the consensus estimate of $0.68 by $0.02.
How did Q2 Holdings's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 12.6% from $195.1M a year earlier and eps grew 40.0% from $0.50.
Where can I find Q2 Holdings's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001410384-26-000051) and the 10-Q periodic report (0001410384-26-000053) directly on SEC EDGAR. The filing index links above go to sec.gov.