Q2 Holdings (QTWO) Cost of Revenue (2013 - 2026)

Q2 Holdings' Cost of Revenue history runs 14 years deep, the most recent figure standing at $88.6 million for Q1 2026.

• In Q1 2026, Cost of Revenue changed 0.17% year-over-year to $88.6 million; the TTM figure through Mar 2026 stood at $365.0 million (down 21.63% YoY), while the FY2025 annual figure was $365.1 million, up 6.77% from the prior year.
• Cost of Revenue came in at $88.6 million for Q1 2026 at Q2 Holdings, down from $92.9 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $263.2 million in Q4 2024 to a low of -$131.7 million in Q4 2023.
• A 5-year average of $71.7 million and a median of $79.7 million in 2023 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue sank 157.37% in 2023 and jumped 299.84% in 2024, its largest moves.
• Q2 Holdings' Cost of Revenue stood at $229.6 million in 2022, then tumbled by 157.37% to -$131.7 million in 2023, then surged by 299.84% to $263.2 million in 2024, then sank by 64.7% to $92.9 million in 2025, then decreased by 4.68% to $88.6 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $88.6 million, $92.9 million, and $92.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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