Q2 Holdings (QTWO) FCF Margin (2013 - 2026)
Q2 Holdings (QTWO) posted FCF Margin of 26.82% for Q2 2026, up 2.57 percentage points from 24.25% a year earlier and up 3.86 percentage points from the prior quarter.
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Analysis
Q2 Holdings (QTWO) FCF Margin (2013 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, FCF Margin at Q2 Holdings was 25.20%, up 1.98 percentage points year-over-year; for FY2025, it was 24.49%, up 5.96 percentage points from FY2024.
- Annual FCF Margin has increased for five consecutive years, with a five-year change of +31.11 percentage points (FY2020 to FY2025).
- In prior years, Q2 Holdings' FCF Margin was 18.53% in FY2024 (+8.19 pp), 10.35% in FY2023 (+5.85 pp), 4.49% in FY2022 (+2.22 pp) and 2.27% in FY2021 (+8.89 pp).
- Quarterly FCF Margin has run from a low of -12.68% in Q3 2021 to a high of 29.63% in Q4 2025 over five years.
- On a year-over-year basis, FCF Margin has increased in each of the last three quarters, with an average year-over-year change of +5.19 percentage points over the last eight quarters.
- The strongest year-over-year quarter for FCF Margin in the past five years was Q4 2021, with a gain of 16.24 percentage points; the weakest was Q3 2021, with a drop of 16.03 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was 22.97% (Q1 2026), 29.63% (Q4 2025) and 21.26% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 16.17% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 20.44% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 14.61% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | 351.43% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 105.74% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 18.61% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 12.86% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | 62.27% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 68.54% |
| 10 | Q2 Holdings | 3.44 Bn | 1.95 Bn | 130.20 Mn | 26.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.82% |
| Mar 31, 2026 | 22.97% |
| Dec 31, 2025 | 29.63% |
| Sep 30, 2025 | 21.26% |
| Jun 30, 2025 | 24.25% |
| Mar 31, 2025 | 22.53% |
| Dec 31, 2024 | 22.72% |
| Sep 30, 2024 | 23.34% |
| Jun 30, 2024 | 20.00% |
| Mar 31, 2024 | 7.27% |
| Dec 31, 2023 | 21.88% |
| Sep 30, 2023 | 9.99% |
| Jun 30, 2023 | 6.99% |
| Mar 31, 2023 | 1.87% |
| Dec 31, 2022 | 28.42% |
| Sep 30, 2022 | 1.85% |
| Jun 30, 2022 | -7.52% |
| Mar 31, 2022 | -6.24% |
| Dec 31, 2021 | 27.13% |
| Sep 30, 2021 | -12.68% |
API Access
Q2 Holdings FCF Margin 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=fcf-margin&ticker=QTWO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=QTWO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();