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Q2 Holdings QTWO Total Cost of Revenue

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Other financials

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

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Market cap$3.95B-16.3%
Enterprise value$3.89B-20.3%
P/E43×-957×
P/S4.7×-1.7×

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×

Where this comes from

Reported directly by Q2 Holdings in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Q2 Holdings’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 5:05 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001410384-26-000053
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenues$219,765$195,148$436,271$384,883
Cost of revenues89,56590,584178,157179,329
Gross profit130,200104,564258,114205,554
Operating expenses:
Sales and marketing25,94427,03751,66453,564
Research and development41,11536,91482,99574,767
General and administrative33,06831,03465,25563,356
Transaction-related costs20270

Item 1. Financial Statements.

FAQ

What is Q2 Holdings's total cost of revenue?
Q2 Holdings (QTWO) reported total cost of revenue of $89.57M in Q2 2026.
How has Q2 Holdings's total cost of revenue changed year-over-year?
Q2 Holdings's total cost of revenue decreased by 1.1% year-over-year, from $90.58M to $89.57M.
What is the long-term trend for Q2 Holdings's total cost of revenue?
Over 4 years (2021 to 2025), Q2 Holdings's total cost of revenue has grown at a 7.5% compound annual growth rate (CAGR), from $273.69M to $365.13M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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