Q2 Holdings (QTWO) FCF Margin (2013 - 2026)
Q2 Holdings (QTWO) reported FCF Margin of 22.97% for Q1 2026, up 8.0% on a YoY basis from 21.27% in Q1 2025, and down 19.36% sequentially from 28.48% in Q4 2025.
Q2 Holdings (QTWO) FCF Margin (2013 - 2026) Analysis & Trends
Q2 Holdings (QTWO) has 14 years of FCF Margin data on file, last reported at 22.97% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 8.0% year-over-year to 22.97%; the trailing twelve-month figure through Mar 2026 stood at 24.69% (up 459.0% YoY), and the FY2025 full-year result was 24.73%, up 844.0% from the prior year.
- FCF Margin slipped to 22.97% in Q1 2026, from 28.48% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 31.05% in Q4 2022 to a low of 13.17% in Q2 2022.
- A 5-year average of 14.4% and a median of 14.97% in 2022 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin soared 3834 bps in 2022 and slumped 2360 bps in 2023, its largest moves.
- Tracing QTWO's FCF Margin over 5 years: stood at 31.05% in 2022, then plunged by 76 bps to 7.45% in 2023, then climbed by 18 bps to 8.82% in 2024, then surged by 223 bps to 28.48% in 2025, then decreased by 19 bps to 22.97% in 2026.
- Business Quant data shows QTWO's FCF Margin at 22.97% in Q1 2026, 28.48% in Q4 2025, and 27.57% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 39.26% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 15.02% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 17.31% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 58.89% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 11.86% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 36.83% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 16.73% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 20.82% |
| 10 | Q2 Holdings | 3.30 Bn | 2.92 Bn | 127.91 Mn | 22.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.97% |
| Dec 31, 2025 | 28.48% |
| Sep 30, 2025 | 27.57% |
| Jun 30, 2025 | 19.57% |
| Mar 31, 2025 | 22.89% |
| Dec 31, 2024 | 8.82% |
| Sep 30, 2024 | 25.85% |
| Jun 30, 2024 | 23.14% |
| Mar 31, 2024 | 7.27% |
| Dec 31, 2023 | 7.45% |
| Sep 30, 2023 | 10.71% |
| Jun 30, 2023 | 7.32% |
| Mar 31, 2023 | 3.49% |
| Dec 31, 2022 | 31.05% |
| Sep 30, 2022 | 14.97% |
| Jun 30, 2022 | -13.17% |
| Mar 31, 2022 | -3.60% |
| Dec 31, 2021 | 39.83% |
| Sep 30, 2021 | -23.37% |
| Jun 30, 2021 | 7.30% |