Q2 Holdings (QTWO) Gross Margin (2013 - 2026)
Q2 Holdings (QTWO) posted Gross Margin of 59.25% for Q2 2026, little changed sequentially from 59.08% in Q1 2026, and up 566.0% YoY from 8.9% in Q2 2025.
Q2 Holdings (QTWO) Gross Margin (2013 - 2026) Analysis & Trends
Q2 Holdings has reported Gross Margin for 14 years, with the latest figure at 59.25% in Q2 2026.
- Quarterly Gross Margin rose 566.0% year-over-year to 59.25% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 56.99% (up 437.0% YoY) and the FY2025 annual result came in at 54.06%, up 316.0% from the prior year.
- Gross Margin steadied at 59.25% in Q2 2026 per QTWO's latest filing, from 59.08% in the prior quarter.
- Over five years, Gross Margin peaked at 59.25% in Q2 2026 and troughed at 44.82% in Q2 2022.
- A 5-year average of 50.71% and a median of 50.21% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2026: Gross Margin slumped 61 bps in 2022, then surged 585 bps in 2026.
- Over 5 years, Gross Margin stood at 45.18% in 2022, then climbed by 11 bps to 50.21% in 2023, then increased by 5 bps to 52.63% in 2024, then increased by 5 bps to 55.37% in 2025, then rose by 7 bps to 59.25% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 59.25%, 59.08%, and 55.37% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 73.08% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 47.67% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 44.93% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 70.68% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 66.61% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 45.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 89.20% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 84.61% |
| 10 | Q2 Holdings | 4.04 Bn | 3.93 Bn | 130.20 Mn | 59.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 59.25% |
| 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% |