Q2 Holdings (QTWO) Cost of Revenue (2013 - 2026)
Q2 Holdings' (QTWO) quarterly Cost of Revenue came in at $89.6 million in Q2 2026, down 1.12% year-over-year from $90.6 million in Q2 2025, and up 1.1% quarter-over-quarter from $88.6 million in Q1 2026.
Analysis
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 $89.6 million for Q2 2026.
- In Q2 2026, Cost of Revenue fell 1.12% year-over-year to $89.6 million; the TTM figure through Jun 2026 stood at $364.0 million (up 3.4% YoY), while the FY2025 annual figure was $365.1 million, up 6.77% from the prior year.
- Cost of Revenue came in at $89.6 million for Q2 2026 at Q2 Holdings, up from $88.6 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.
- Average Cost of Revenue over 5 years is $84.3 million, with a median of $84.6 million recorded in 2024.
- Year-over-year, Cost of Revenue grew 16.35% in 2022 and dropped 1.12% in 2026.
- Over 5 years, Cost of Revenue stood at $80.3 million in 2022, then rose by 0.48% to $80.7 million in 2023, then rose by 7.4% to $86.7 million in 2024, then increased by 7.19% to $92.9 million in 2025, then slipped by 3.63% to $89.6 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $89.6 million in Q2 2026, $88.6 million in Q1 2026, and $92.9 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Chime Financial | 12.78 Bn | 11.72 Bn | 594.87 Mn | 74.90 Mn |
| 2 | Jack Henry & Associates | 11.61 Bn | 11.60 Bn | 273.85 Mn | 370.18 Mn |
| 3 | Dave | 4.36 Bn | 4.10 Bn | 159.27 Mn | 11.52 Mn |
| 4 | Q2 Holdings | 3.87 Bn | 3.77 Bn | 130.20 Mn | 89.57 Mn |
| 5 | nCino | 2.43 Bn | 2.36 Bn | 100.77 Mn | 60.23 Mn |
| 6 | Alkami Technology | 2.11 Bn | 2.02 Bn | 73.81 Mn | 56.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 89.57 Mn |
| Mar 31, 2026 | 88.59 Mn |
| Dec 31, 2025 | 92.94 Mn |
| Sep 30, 2025 | 92.86 Mn |
| Jun 30, 2025 | 90.58 Mn |
| Mar 31, 2025 | 88.75 Mn |
| Dec 31, 2024 | 86.70 Mn |
| Sep 30, 2024 | 85.96 Mn |
| Jun 30, 2024 | 86.06 Mn |
| Mar 31, 2024 | 83.26 Mn |
| Dec 31, 2023 | 80.73 Mn |
| Sep 30, 2023 | 80.83 Mn |
| Jun 30, 2023 | 80.70 Mn |
| Mar 31, 2023 | 79.71 Mn |
| Dec 31, 2022 | 80.34 Mn |
| Sep 30, 2022 | 77.90 Mn |
| Jun 30, 2022 | 77.42 Mn |
| Mar 31, 2022 | 73.67 Mn |
| Dec 31, 2021 | 72.41 Mn |
| Sep 30, 2021 | 69.73 Mn |