Q2 Holdings (QTWO) Gross Margin (2013 - 2026)
Q2 Holdings recorded quarterly Gross Margin of 59.08% in Q1 2026, up 6.71% quarter-over-quarter from 55.37% in Q4 2025, and up 585.0% year-over-year from 8.62% in Q1 2025.
Q2 Holdings' Gross Margin history runs 14 years deep, the most recent figure standing at 59.08% for Q1 2026.
- In Q1 2026, Gross Margin rose 585.0% year-over-year to 59.08%; the TTM figure through Mar 2026 stood at 55.58% (up 379.0% YoY), while the FY2025 annual figure 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.
- 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 sank 61 bps in 2022 and jumped 585 bps in 2026, its largest moves.
- Q2 Holdings' Gross Margin stood at 45.18% in 2022, then advanced by 11 bps to 50.21% in 2023, then grew by 5 bps to 52.63% in 2024, then grew by 5 bps to 55.37% in 2025, then climbed by 7 bps to 59.08% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 59.08%, 55.37%, and 53.96% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Q2 Holdings | 2.88 Bn | 2.71 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% |
| Mar 31, 2021 | 45.66% |
| Dec 31, 2020 | 40.84% |
| Sep 30, 2020 | 44.74% |
| Jun 30, 2020 | 45.48% |
| Mar 31, 2020 | 42.51% |
| Dec 31, 2019 | 48.41% |
| Sep 30, 2019 | 49.25% |
| Jun 30, 2019 | 48.42% |
| Mar 31, 2019 | 47.85% |
| Dec 31, 2018 | 47.25% |
| Sep 30, 2018 | 50.22% |
| Jun 30, 2018 | 49.97% |
| Mar 31, 2018 | 50.78% |
| Dec 31, 2017 | 48.61% |
| Sep 30, 2017 | 48.49% |
| Jun 30, 2017 | 48.92% |
| Mar 31, 2017 | 48.87% |
| Dec 31, 2016 | 49.84% |
| Sep 30, 2016 | 48.83% |
| Jun 30, 2016 | 47.59% |
| Mar 31, 2016 | 47.23% |
| Dec 31, 2015 | 45.47% |
| Sep 30, 2015 | 45.98% |
| Jun 30, 2015 | 46.21% |
| Mar 31, 2015 | 45.06% |
| Dec 31, 2014 | 41.90% |
| Sep 30, 2014 | 42.15% |
| Jun 30, 2014 | 43.47% |
| Mar 31, 2014 | 39.34% |
| Dec 31, 2013 | 30.57% |
| Sep 30, 2013 | 36.01% |
| Jun 30, 2013 | 40.13% |
| Mar 31, 2013 | 39.17% |