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| 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% |