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
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 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