Q2 Holdings (QTWO) Cost of Revenue (2013 - 2026)
Q2 Holdings (QTWO) reported Cost of Revenue of $88.6 million for Q1 2026, little changed on a YoY basis from $88.7 million in Q1 2025, and down 4.68% sequentially from $92.9 million in Q4 2025.
Q2 Holdings (QTWO) Cost of Revenue (2013 - 2026) Analysis & Trends
Q2 Holdings (QTWO) has 14 years of Cost of Revenue data on file, last reported at $88.6 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue changed 0.17% year-over-year to $88.6 million; the trailing twelve-month figure through Mar 2026 stood at $365.0 million (up 5.04% YoY), and the FY2025 full-year result was $365.1 million, up 6.77% from the prior year.
- Cost of Revenue eased to $88.6 million in Q1 2026, from $92.9 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $92.9 million in Q4 2025 to a low of $73.7 million in Q1 2022.
- A 5-year average of $83.9 million and a median of $83.3 million in 2024 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue climbed 16.35% in 2022 and dropped 0.17% in 2026, its largest moves.
- Tracing QTWO's Cost of Revenue over 5 years: stood at $80.3 million in 2022, then increased by 0.48% to $80.7 million in 2023, then increased by 7.4% to $86.7 million in 2024, then grew by 7.19% to $92.9 million in 2025, then fell by 4.68% to $88.6 million in 2026.
- Business Quant data shows QTWO's Cost of Revenue at $88.6 million in Q1 2026, $92.9 million in Q4 2025, and $92.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 199.59 Bn | 179.36 Bn | 8.16 Bn | 3.02 Bn |
| 2 | Full Truck Alliance | 193.24 Bn | 190.53 Bn | - | - |
| 3 | Shopify | 164.78 Bn | 159.04 Bn | 1.55 Bn | 1.62 Bn |
| 4 | Salesforce | 150.52 Bn | 138.68 Bn | 8.56 Bn | 2.57 Bn |
| 5 | Uber Technologies | 139.79 Bn | 138.58 Bn | 5.95 Bn | 7.26 Bn |
| 6 | ServiceNow | 109.10 Bn | 104.44 Bn | 2.82 Bn | 1.17 Bn |
| 7 | Automatic Data Processing | 102.68 Bn | 99.45 Bn | 2.87 Bn | 3.07 Bn |
| 8 | Adobe | 95.80 Bn | 90.17 Bn | 5.90 Bn | 715.00 Mn |
| 9 | Snowflake | 93.75 Bn | 90.79 Bn | 926.45 Mn | 464.50 Mn |
| 10 | Q2 Holdings | 3.61 Bn | 3.23 Bn | 127.91 Mn | 88.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 88.59 Mn |
| Mar 31, 2026 | 88.59 Mn |
| Dec 31, 2025 | 92.94 Mn |
| Dec 31, 2025 | 92.94 Mn |
| Sep 30, 2025 | 92.86 Mn |
| Sep 30, 2025 | 92.86 Mn |
| Jun 30, 2025 | 90.58 Mn |
| Jun 30, 2025 | 90.58 Mn |
| Mar 31, 2025 | 88.75 Mn |
| Mar 31, 2025 | 88.75 Mn |
| Dec 31, 2024 | 86.70 Mn |
| Dec 31, 2024 | 86.70 Mn |
| Sep 30, 2024 | 85.96 Mn |
| Sep 30, 2024 | 85.96 Mn |
| Jun 30, 2024 | 86.06 Mn |
| Jun 30, 2024 | 86.06 Mn |
| Mar 31, 2024 | 83.26 Mn |
| Mar 31, 2024 | 83.26 Mn |
| Dec 31, 2023 | 80.73 Mn |
| Dec 31, 2023 | 80.73 Mn |