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| 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 | 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 |