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
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%