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

Q2 Holdings (QTWO) reported Gross Margin of 59.08% for Q1 2026, up 585.0% on a YoY basis from 8.62% in Q1 2025, and up 6.71% sequentially from 55.37% in Q4 2025.

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

Q2 Holdings (QTWO) has 14 years of Gross Margin data on file, last reported at 59.08% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin rose 585.0% year-over-year to 59.08%; the trailing twelve-month figure through Mar 2026 stood at 55.58% (up 379.0% YoY), and the FY2025 full-year result was 54.06%, up 316.0% from the prior year.
  • Gross Margin improved to 59.08% in Q1 2026, from 55.37% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 59.08% in Q1 2026 to a low of 44.82% in Q2 2022.
  • A 5-year average of 50.21% and a median of 50.21% in 2023 frame the typical range for Gross Margin.
  • Across the five-year window, Gross Margin plunged 61 bps in 2022 and soared 585 bps in 2026, its largest moves.
  • Tracing QTWO's Gross Margin over 5 years: stood at 45.18% in 2022, then rose by 11 bps to 50.21% in 2023, then advanced by 5 bps to 52.63% in 2024, then advanced by 5 bps to 55.37% in 2025, then gained by 7 bps to 59.08% in 2026.
  • Business Quant data shows QTWO's Gross Margin at 59.08% in Q1 2026, 55.37% in Q4 2025, and 53.96% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 72.98%
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 48.77%
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 45.03%
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 76.92%
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 70.68%
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 48.28%
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 66.61%
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 95.85%
10 Q2 Holdings 3.30 Bn 2.92 Bn 127.91 Mn 59.08%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 44.78%