Q2 Holdings (QTWO) Gross Margin (2013 - 2026)
Q2 Holdings' (QTWO) quarterly Gross Margin came in at 59.25% in Q2 2026, up 566.0% year-over-year from 8.9% in Q2 2025, and little changed quarter-over-quarter from 59.08% in Q1 2026.
Analysis
Q2 Holdings (QTWO) Gross Margin (2013 - 2026) Analysis & Trends
Q2 Holdings has disclosed Gross Margin across 14 years of filings, most recently posting 59.25% for Q2 2026.
- In Q2 2026, Gross Margin rose 566.0% year-over-year to 59.25%; the TTM figure through Jun 2026 stood at 56.99% (up 437.0% YoY), while the FY2025 annual figure was 54.06%, up 316.0% from the prior year.
- Gross Margin came in at 59.25% for Q2 2026 at Q2 Holdings, roughly flat from 59.08% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 59.25% in Q2 2026 to a low of 44.82% in Q2 2022.
- Average Gross Margin over 5 years is 50.71%, with a median of 50.21% recorded in 2023.
- Year-over-year, Gross Margin sank 61 bps in 2022 and jumped 585 bps in 2026.
- Over 5 years, Gross Margin stood at 45.18% in 2022, then gained by 11 bps to 50.21% in 2023, then climbed by 5 bps to 52.63% in 2024, then climbed by 5 bps to 55.37% in 2025, then grew by 7 bps to 59.25% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 59.25% in Q2 2026, 59.08% in Q1 2026, and 55.37% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chime Financial | 12.78 Bn | 11.72 Bn | 594.87 Mn | 88.82% |
| 2 | Jack Henry & Associates | 11.61 Bn | 11.60 Bn | 273.85 Mn | 42.52% |
| 3 | Dave | 4.36 Bn | 4.10 Bn | 159.27 Mn | 93.25% |
| 4 | Q2 Holdings | 3.87 Bn | 3.77 Bn | 130.20 Mn | 59.25% |
| 5 | nCino | 2.43 Bn | 2.36 Bn | 100.77 Mn | 62.59% |
| 6 | Alkami Technology | 2.11 Bn | 2.02 Bn | 73.81 Mn | 56.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 59.25% |
| Mar 31, 2026 | 59.08% |
| Dec 31, 2025 | 55.37% |
| Sep 30, 2025 | 53.96% |
| Jun 30, 2025 | 53.58% |
| Mar 31, 2025 | 53.23% |
| Dec 31, 2024 | 52.63% |
| Sep 30, 2024 | 50.88% |
| Jun 30, 2024 | 50.22% |
| Mar 31, 2024 | 49.70% |
| Dec 31, 2023 | 50.21% |
| Sep 30, 2023 | 47.84% |
| Jun 30, 2023 | 47.78% |
| Mar 31, 2023 | 47.90% |
| Dec 31, 2022 | 45.18% |
| Sep 30, 2022 | 46.19% |
| Jun 30, 2022 | 44.82% |
| Mar 31, 2022 | 45.05% |
| Dec 31, 2021 | 45.10% |
| Sep 30, 2021 | 44.98% |