Q2 Holdings (QTWO) Gross Margin (2013 - 2026)
Q2 Holdings' (QTWO) quarterly Gross Margin came in at 59.08% in Q1 2026, up 585.0% year-on-year from 8.62% in Q1 2025, and up 6.71% quarter-over-quarter from 55.37% in Q4 2025.
Q2 Holdings (QTWO) Gross Margin (2013 - 2026) Analysis & Trends
Q2 Holdings has disclosed Gross Margin across 14 years of filings, most recently posting 59.08% for Q1 2026.
- Gross Margin for Q1 2026 came in at 59.08%, up 585.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 55.58% (up 379.0% YoY), and the FY2025 annual result was 54.06%, up 316.0% from the prior year.
- Gross Margin came in at 59.08% for Q1 2026 at Q2 Holdings, up 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.
- The 5-year median for Gross Margin is 50.21% (2023), against an average of 50.21%.
- Across the five-year window, Gross Margin slumped 61 bps in 2022 and soared 585 bps in 2026, its largest moves.
- Q2 Holdings' 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 advanced by 7 bps to 59.08% in 2026.
- The last three Gross Margin figures came in at 59.08% (Q1 2026), 55.37% (Q4 2025), and 53.96% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Q2 Holdings | 2.81 Bn | 2.65 Bn | 127.91 Mn | 59.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |