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

Q2 Holdings' (QTWO) quarterly Cost of Revenue came in at $88.6 million in Q1 2026, little changed year-on-year from $88.7 million in Q1 2025, and down 4.68% quarter-over-quarter from $92.9 million in Q4 2025.

Q2 Holdings (QTWO) Cost of Revenue (2013 - 2026) Analysis & Trends

Q2 Holdings has disclosed Cost of Revenue across 14 years of filings, most recently posting $88.6 million for Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $88.6 million, changed 0.17% year-over-year; the trailing twelve-month figure through Mar 2026 was $365.0 million (down 21.63% YoY), and the FY2025 annual result 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.
  • The 5-year median for Cost of Revenue is $79.7 million (2023), against an average of $71.7 million.
  • Across the five-year window, Cost of Revenue slumped 157.37% in 2023 and soared 299.84% in 2024, its largest moves.
  • Q2 Holdings' Cost of Revenue stood at $229.6 million in 2022, then plunged by 157.37% to -$131.7 million in 2023, then jumped by 299.84% to $263.2 million in 2024, then slumped by 64.7% to $92.9 million in 2025, then retreated by 4.68% to $88.6 million in 2026.
  • The last three Cost of Revenue figures came in at $88.6 million (Q1 2026), $92.9 million (Q4 2025), and $92.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 3.02 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - 55.33 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 1.33 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 1.62 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 3.77 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 211.49 Mn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 940.00 Mn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 3.07 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 715.00 Mn
10 Q2 Holdings 2.81 Bn 2.65 Bn 127.91 Mn 88.59 Mn

Historic Data

Download Data
DateValue
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 263.25 Mn
Dec 31, 2024 263.25 Mn
Sep 30, 2024 85.96 Mn
Sep 30, 2024 85.96 Mn
Jun 30, 2024 27.73 Mn
Jun 30, 2024 27.73 Mn
Mar 31, 2024 25.45 Mn
Mar 31, 2024 25.45 Mn
Dec 31, 2023 -131.73 Mn
Dec 31, 2023 -131.73 Mn