Q2 Holdings (QTWO) Financial Statements & Analysis

Q2 Holdings (QTWO) Income Statement

Q2 Holdings reported revenue of $794.81M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 14.1% from $696.46M a year earlier. Net income was $52.01M, a net margin of 6.5%. Gross margin was 54.1% and operating margin 5.0%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $219.76M, up 12.6% from the same quarter a year earlier.

Q2 Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Q2 Holdings, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	794.81	696.46	624.62	565.67	498.72	402.75	315.48	241.10	193.98
Cost of Revenue	365.13	341.98	321.97	309.33	273.69	228.15	162.49	121.86	99.49
Gross Profit	429.68	354.48	302.65	256.35	225.04	174.60	153.00	119.25	94.49
Operating Expenses
Research & Development	154.33	143.24	137.33	130.10	116.95	97.38	76.27	51.33	40.34
Selling, General & Administrative	233.45	228.89	219.71	211.58	165.49	145.44	121.11	93.77	78.35
Operating Expenses	406.67	396.74	388.71	361.11	303.03	274.43	203.72	146.95	120.17
Operating Income	39.90	-42.26	-86.06	-104.76	-78.00	-99.83	-50.72	-31.85	-26.91
Other Income/Expense
Interest Income	20.24	16.34	10.10	5.36	1.48	1.21	3.67	2.81	0.55
Interest Expense	5.41	4.94	5.73	6.68	-31.57	28.65	20.29	10.16	0.12
Other Income/Expense	14.83	11.40	24.24	-1.31	-33.11	-36.37	-32.65	-7.35	0.43
Income
Income Before Tax	54.73	-30.86	-61.82	-106.08	-111.10	-136.20	-83.36	-39.20	-26.48
Income Tax Expense	2.72	7.68	3.56	-2.91	-1.64	1.42	-12.49	-3.80	-0.31
Net Income	52.01	-38.54	-65.38	-108.98	-112.75	-137.62	-70.88	-35.40	-26.16
Net Income - Continuous Operations	52.01	-38.54	-65.38	-108.98	-112.75	-137.62	-70.88	-35.40	-26.16
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	74.19	42.89	29.02	-64.63	-42.47	-55.72	-26.92	-12.24	-11.41
EBIT	41.81	-42.26	-56.09	-103.59	-75.31	-	-	-	-
Depreciation & Amortization	32.42	68.81	85.11	38.96	32.83	51.84	36.16	20.74	14.28
Earnings Per Share
Basic EPS	1.00	-1.00	-1.00	-2.00	-2.00	-3.00	-2.00	-1.00	-1.00
Diluted EPS	1.00	-1.00	-1.00	-2.00	-2.00	-3.00	-2.00	-1.00	-1.00
Basic Shares Outstanding	62.16	60.11	58.35	57.30	56.39	52.02	46.20	42.80	41.22
Diluted Shares Outstanding	65.12	60.11	58.35	57.30	56.39	52.02	46.20	42.80	41.22

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Q2 Holdings Financial Statements

What was Q2 Holdings's revenue in fiscal 2025?

Q2 Holdings reported revenue of $794.81M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 14.1% from $696.46M a year earlier.

Is Q2 Holdings profitable?

Yes. Q2 Holdings earned net income of $52.01M in fiscal 2025, a net margin of 6.5%. In fiscal 2024 it lost $38.54M.

What is Q2 Holdings's operating margin?

Q2 Holdings's operating income was $39.90M on revenue of $794.81M in fiscal 2025, an operating margin of 5.0%, compared with -6.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition