Q2 Holdings (QTWO) EV to EBITDA (2021 - 2026)
Q2 Holdings' EV to EBITDA was 17.49 in Q2 2026, down 71.3% from 61.01 a year earlier and down 0.1% from the prior quarter.
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Analysis
Q2 Holdings (QTWO) EV to EBITDA (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Q2 Holdings' EV to EBITDA was 9.14 through Jun 30, 2026, down 80.0% year-over-year; for FY2025, it was 33.18, down 68.6% from FY2024.
- In earlier years, EV to EBITDA was 105.73 in FY2024 (-45.7%), 194.69 in FY2023 and 3069.44 in FY2021.
- The Q2 2026 figure marks the lowest quarterly EV to EBITDA in data going back to Q2 2021.
- Compared with a year earlier, EV to EBITDA has declined for seven straight quarters, with an average decline of 61.2% over the last seven quarters.
- Per Business Quant data, QTWO's EV to EBITDA in the three quarters before Q2 2026 was 17.50 (Q1 2026), 33.18 (Q4 2025) and 36.80 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn |
| 10 | Q2 Holdings | 3.44 Bn | 1.95 Bn | 130.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.49 |
| Mar 31, 2026 | 17.50 |
| Dec 31, 2025 | 33.18 |
| Sep 30, 2025 | 36.80 |
| Jun 30, 2025 | 61.01 |
| Mar 31, 2025 | 67.44 |
| Dec 31, 2024 | 105.73 |
| Sep 30, 2024 | 114.34 |
| Jun 30, 2024 | 113.22 |
| Mar 31, 2024 | 149.75 |
| Dec 31, 2023 | 194.69 |
| Dec 31, 2021 | 3,069.44 |
| Jun 30, 2021 | 11,825.90 |
API Access
Q2 Holdings EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=QTWO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "QTWO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=QTWO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();