Q2 Holdings (QTWO) FCF Margin (2013 - 2026)

Q2 Holdings' (QTWO) quarterly FCF Margin came in at 25.58% in Q1 2026, up 305.0% year-on-year from 6.32% in Q1 2025, and down 7.25% quarter-over-quarter from 27.58% in Q4 2025.

Q2 Holdings (QTWO) FCF Margin (2013 - 2026) Analysis & Trends

Q2 Holdings has disclosed FCF Margin across 14 years of filings, most recently posting 25.58% for Q1 2026.

  • FCF Margin for Q1 2026 came in at 25.58%, up 305.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 25.23% (up 306.0% YoY), and the FY2025 annual result was 24.49%, up 596.0% from the prior year.
  • FCF Margin came in at 25.58% for Q1 2026 at Q2 Holdings, down from 27.58% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 28.42% in Q4 2022 to a low of 13.17% in Q2 2022.
  • The 5-year median for FCF Margin is 19.92% (2025), against an average of 14.23%.
  • Peak annual rise in FCF Margin reached 2341 bps in 2023, while the deepest fall reached 1845 bps in 2023.
  • Q2 Holdings' FCF Margin stood at 28.42% in 2022, then slumped by 65 bps to 9.98% in 2023, then jumped by 104 bps to 20.36% in 2024, then soared by 35 bps to 27.58% in 2025, then dropped by 7 bps to 25.58% in 2026.
  • The last three FCF Margin figures came in at 25.58% (Q1 2026), 27.58% (Q4 2025), and 27.57% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 36.77%
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 17.31%
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 15.02%
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 58.89%
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 20.82%
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 41.64%
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 36.83%
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 31.84%
10 Q2 Holdings 2.81 Bn 2.65 Bn 127.91 Mn 25.58%

Historic Data

Download Data
DateValue
Mar 31, 2026 25.58%
Dec 31, 2025 27.58%
Sep 30, 2025 27.57%
Jun 30, 2025 19.92%
Mar 31, 2025 22.53%
Dec 31, 2024 20.36%
Sep 30, 2024 24.48%
Jun 30, 2024 21.35%
Mar 31, 2024 7.27%
Dec 31, 2023 9.98%
Sep 30, 2023 9.99%
Jun 30, 2023 10.24%
Mar 31, 2023 -1.41%
Dec 31, 2022 28.42%
Sep 30, 2022 4.88%
Jun 30, 2022 -13.17%
Mar 31, 2022 -3.60%
Dec 31, 2021 17.92%
Sep 30, 2021 -3.10%
Jun 30, 2021 -1.68%