What are Q2 Holdings's profit margins?

Q2 Holdings (QTWO) runs a 55.6% gross margin and a 8.0% operating margin, with a 9.0% net margin.

Where do Q2 Holdings's ratios come from?

Every ratio is computed from Q2 Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Q2 Holdings QTWO Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	55.6%+3.8pp	54.1%+3.2pp	53.4%+3.1pp	52.6%+3.1pp	51.8%+2.9pp
Operating margin	8%+11.6pp	5%+11.1pp	2.8%+11.5pp	-0.3%+10.2pp	-3.6%+8.8pp
Net margin	9%+11.8pp	6.5%+12.1pp	4.1%+12.5pp	0.6%+11.0pp	-2.8%+9.6pp
EBITDA margin	14.2%+8.8pp	11.7%+7.9pp	10.2%+8.4pp	7.9%+7.5pp	5.4%+6.6pp
Free cash flow margin	24.5%+2.4pp	24.5%+6.0pp	22.7%+4.5pp	23.2%+8.3pp	22.2%+10.6pp
Returns
Return on equity	12.8%+16.8pp	8.8%+16.8pp	5.6%+17.8pp	0.9%+15.7pp	-4%+13.4pp
Return on assets	5.7%+7.3pp	4%+7.1pp	2.3%+7.0pp	0.4%+6.0pp	-1.6%+5.0pp
Return on invested capital	10.3%+17.8pp	6.3%+17.9pp	3.9%+23.2pp	-0.2%+22.1pp	-7.5%+17.3pp
Efficiency
Asset turnover	0.6×+0.1×	0.6×+0.1×	0.6×0.0×	0.6×0.0×	0.6×0.0×
Liquidity
Current ratio	0.9×-0.5×	1×-0.4×	1×-1.5×	0.9×-1.5×	1.4×-0.9×
Quick ratio	0.9×-0.5×	1×-0.4×	1×-1.5×	0.9×-1.5×	1.4×-0.9×
Cash ratio	0.4×-0.4×	0.5×-0.2×	0.6×-1.0×	0.5×-1.0×	0.8×-0.7×
Leverage
Debt-to-equity	0.6×+0.1×	0.5×+0.1×	0.9×+0.8×	0.9×+0.8×	0.4×+0.3×
Debt-to-assets	0.3×+0.1×	0.3×+0.1×	0.4×+0.3×	0.4×+0.3×	0.2×+0.1×
Net debt / EBITDA	1.1×+3.5×	0.8×+2.9×	1.6×+24.2×	2.8×+112×	-2.4×—
Per Share
Book value per share	$9.04+7.5%	$10.16+18.0%	$8.92+8.6%	$8.39+5.0%	$8.42+7.6%
Valuation
Market capitalization	$2.95B-39.3%	$4.51B-25.8%	$4.52B-5.8%	$5.94B+65.5%	$4.86B+55.5%
Enterprise value	$3.08B-35.4%	$4.58B-23.9%	$4.65B+2.7%	$6.1B+83.0%	$4.76B+64.2%
Price / earnings	39.9×—	86.8×—	143.2×—	1,257.6×—	——
Price / sales	3.6×-3.1×	5.7×-3.1×	5.9×-1.2×	8×+2.5×	6.7×+1.8×
Price / book	4.8×-4.1×	6.8×-4.9×	7.3×-2.4×	10.2×+2.7×	8.9×+2.2×
EV / EBITDA	26.3×-95.4×	49.1×-178×	59.3×-316×	104.1×-1,332×	121.8×—
EV / sales	3.7×-2.9×	5.8×-2.9×	6×-0.7×	8.2×+3.1×	6.6×+2.1×
Free cash flow yield	6.8%+3.5pp	4.3%+2.2pp	3.9%+1.3pp	2.9%+0.2pp	3.3%+0.9pp
Earnings yield	2.5%+2.9pp	1.2%+1.8pp	0.7%+1.9pp	0.1%+2.0pp	-0.4%+2.1pp

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Questions, answered.

What are Q2 Holdings's profit margins?: Q2 Holdings (QTWO) runs a 55.6% gross margin and a 8.0% operating margin, with a 9.0% net margin.
Where do Q2 Holdings's ratios come from?: Every ratio is computed from Q2 Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.