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NYSE · Technology

Q2 Holdings, Inc. (QTWO)

Q2 Holdings, Inc. brought in $870.3M of revenue over the twelve months to September 30, 2026, up 13.1% from a year earlier. Net income was $110.2M, a net margin of 12.7%. Operating cash flow minus capital spending left $194.7M of free cash flow in fiscal 2025. At September 30, 2026 it held $116.3M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 28, 2026.

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Price
$74.24
+0.43% on the day · November 9, 2026
52-week range $40.79 to $76.37
Market cap
$4.6B
Revenue (last 12 months)
$870.3M
+13.1% year on year
Net margin
12.7%
P/E
92.8
on FY2025 diluted EPS

Key facts about Q2 Holdings, Inc.

Net worth
Q2 Holdings, Inc. has a market value (market cap) of $4.6B at the latest share price, and shareholders' equity of $657.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $794.8M (+14.1% year on year), with net income of $52M. Over the 12 months to September 30, 2026: revenue $870.3M, net income $110.2M.
Cash flow
In fiscal 2025 operations brought in $201.5M of cash; after $6.8M of capital spending, free cash flow was $194.7M.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 28, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Q2 Holdings, Inc.'s next report is expected around February 10, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What Q2 Holdings, Inc. does

Q2 Holdings, Inc. is registered with the SEC under industry code SIC 7372 (Services-Prepackaged Software). Its shares trade on NYSE under the ticker QTWO.

Revenue and profit by year

Revenue
FY18: $241.1M $241.1M FY18FY19: $315.5M $315.5M FY19FY20: $402.8M $402.8M FY20FY21: $498.7M $498.7M FY21FY22: $565.7M $565.7M FY22FY23: $624.6M $624.6M FY23FY24: $696.5M $696.5M FY24FY25: $794.8M $794.8M FY25
Net income
FY18: -$35.4M -$35.4M FY18FY19: -$70.9M -$70.9M FY19FY20: -$137.6M -$137.6M FY20FY21: -$112.7M -$112.7M FY21FY22: -$109M -$109M FY22FY23: -$65.4M -$65.4M FY23FY24: -$38.5M -$38.5M FY24FY25: $52M $52M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$794.8M$39.9M$52M$0.80$194.7M
2024$696.5M-$42.3M-$38.5M-$0.64$129.1M
2023$624.6M-$86.1M-$65.4M-$1.12$64.6M
2022$565.7M-$104.8M-$109M-$1.90$25.4M
2021$498.7M-$78M-$112.7M-$2.00$11.3M
2020$402.8M-$99.8M-$137.6M-$2.65-$26.7M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around February 10, 2027.

Estimated from its filing rhythm: 52 weeks after its report of February 11, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where QTWO ranks in Technology

Revenue$794.8M
#259 of 751 in Technology · Top 34%
Revenue growth+14.1%
#246 of 604 in Technology · Top 41%
Net margin6.5%
#235 of 611 in Technology · Top 38%
Free cash flow margin24.5%
#105 of 568 in Technology · Top 18%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Technology

Latest SEC filings

What Q2 Holdings, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. October 28, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue rose 12% to $225.8M versus the same quarter last year; diluted EPS $0.52 versus $0.23.
  2. October 28, 2026
  3. October 28, 2026
  4. July 29, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 13% to $219.8M versus the same quarter last year; diluted EPS $0.46 versus $0.18.
  5. July 29, 2026
  6. June 12, 2026
  7. May 14, 2026
  8. April 30, 2026
  9. April 29, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue rose 14% to $216.5M versus the same quarter last year; diluted EPS $0.40 versus $0.07.
  10. April 29, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on November 3, 2026. Insider transactions on SEC

What is QTWO worth? A DCF from its reported cash flow

Insider trades

What the people running Q2 Holdings, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $5.1M worth of shares in the last 90 days and bought none on the open market.

Bought (open market)
$0
last 90 days
Sold
$5.1M
last 90 days
Net sold
77,816
$5.1M
DateInsiderWhatSharesPriceValueFiling
November 2, 2026 Price JonathanCo-CEO, CFO, Director Received as pay 44,268 - - Form 4
September 11, 2026 Kerr Michael SGeneral Counsel Sold 636 $60.96 $38.8K Form 4
August 13, 2026 Price JonathanChief Financial Officer Sold 77,180 $65.71 $5.1M Form 4
August 10, 2026 Rutledge Kimberly AnneChief People Officer Soldpre-planned (10b5-1) 10,000 $63.07 $630.7K Form 4
June 10, 2026 Taylor MargaretDirector Received as pay 4,741 - - Form 4
June 10, 2026 Hooley Stephen CDirector Received as pay 4,741 - - Form 4
June 10, 2026 Offerdahl JamesDirector Received as pay 4,741 - - Form 4
June 10, 2026 Atchison Rebecca LynnDirector Received as pay 4,741 - - Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns QTWO

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Vanguard Portfolio Management13G, passive 7.87% 4,912,944 April 29, 2026
Vanguard Capital Management13G, passive 5.08% 3,176,279 April 30, 2026

Latest filings below 5%: Capital Research Global Investors 2.6% (May 14, 2026); The Vanguard Group 0% (March 27, 2026); Wasatch Advisors LP 3.5% (February 11, 2025).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 328 managers reported a position.

HolderSharesValueChange on quarter
BlackRock, Inc.10,431,842$501.8M+395,680
Vanguard Portfolio Management LLC4,969,943$239.1M+111,104
Vanguard Capital Management LLC2,718,267$130.7M+18,005
State Street Corp2,630,263$126.5M+134,427
Tremblant Capital Group1,842,165$88.6M+139,189
Millennium Management LLC1,807,416$86.9M+1,000,867
Nomura Asset Management International Inc.1,633,414$78.6M+402,574
Geode Capital Management, LLC1,585,911$76.3M+97,707
Capital Research Global Investors1,480,035$71.2M-140,373
Victory Capital Management Inc1,433,131$68.9M+1,255,848
Conestoga Capital Advisors, LLC1,393,275$67M-389,440
Goldman Sachs Group Inc1,288,201$62M+594,507
Two Sigma Investments, LP1,202,730$57.9M+164,418
American Century Companies Inc1,129,697$54.3M+22,596
Algebris (UK) Ltd1,070,545$51.3M+374,952
Federated Hermes, Inc.1,047,134$50.4M+106,223
Dimensional Fund Advisors LP1,011,060$48.6M+1,287
Manufacturers Life Insurance Company, The997,526$48M+298,833
Arrowstreet Capital, Limited Partnership875,851$42.1M+359,605
Tensile Capital Management LP868,767$41.8M-21,000

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

14 insiders reported holding 2,048,154 shares in total, about $152.1M at the last price.

HolderSharesAs of
Flake Matthew PChief Executive Officer, Director 675,918 March 11, 2026
Coleman Kirk LChief Business Officer 329,658 June 10, 2026
Price JonathanCo-CEO, CFO, Director 251,901 November 2, 2026
Mukkamala Himagiri KChief Operating Officer 169,998 March 11, 2026
Volanoski Michael A.Chief Revenue Officer 166,512 December 12, 2025
Breeden John EChief Delivery Officer 133,128 March 11, 2026
Rutledge Kimberly AnneChief People Officer 113,913 August 10, 2026
Kerr Michael SGeneral Counsel 80,739 September 11, 2026
Atchison Rebecca LynnDirector 26,981 June 10, 2026
Taylor MargaretDirector 25,727 June 10, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about QTWO

What does Q2 Holdings, Inc. do?

Q2 Holdings, Inc. is a company in the Technology sector, listed on NYSE as QTWO. Its shares trade on NYSE under the ticker QTWO.

What is Q2 Holdings, Inc.'s net worth?

Q2 Holdings, Inc. has a market value (market cap) of $4.6B at the latest share price, and shareholders' equity of $657.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Q2 Holdings, Inc. profitable?

Yes. Over the twelve months to September 30, 2026 it reported net income of $110.2M on revenue of $870.3M, a net margin of 12.7%.

How much revenue does Q2 Holdings, Inc. make?

Over the twelve months to September 30, 2026 Q2 Holdings, Inc. reported revenue of $870.3M. That is 13.1% more than a year earlier.

When did Q2 Holdings, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on October 28, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 3, 2026.

When is Q2 Holdings, Inc.'s next earnings report?

Q2 Holdings, Inc.'s next report is expected around February 10, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Q2 Holdings, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.