Q2 Holdings (QTWO) Invested Capital (2013 - 2026)
Q2 Holdings' Invested Capital was $643.45 million in Q2 2026, down 40.3% from $1.08 billion a year earlier and down 29.7% from the prior quarter.
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Analysis
Q2 Holdings (QTWO) Invested Capital (2013 - 2026) Analysis & Trends
For FY2025, Invested Capital at Q2 Holdings came in at $965.18 million, up 36.3% from FY2024.
- Invested Capital has now increased for three consecutive years, with a four-year compound annual growth rate of 14.1% (FY2021 to FY2025).
- In earlier years, Invested Capital was $708.13 million in FY2024 (+57.9%), $448.48 million in FY2023 (+4.3%), $429.93 million in FY2022 (-24.6%) and $570.3 million in FY2021.
- The Q2 2026 figure marks the lowest quarterly Invested Capital since Q4 2023.
- Compared with a year earlier, Invested Capital was higher in three of the last four quarters, with growth averaging 19.6%.
- The best year-over-year quarter for Invested Capital over five years was Q4 2024 (growth of 57.9%); the worst was Q2 2026 (a decline of 40.3%).
- Per Business Quant data, QTWO's Invested Capital in the three quarters before Q2 2026 was $915.36 million (Q1 2026), $965.18 million (Q4 2025) and $1.12 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 49.17 Bn | 5.98 Bn | - | 19.56 Bn |
| 2 | PayPal Holdings | 45.28 Bn | 3.51 Bn | - | 33.22 Bn |
| 3 | Block | 44.18 Bn | 15.44 Bn | 3.17 Bn | 28.34 Bn |
| 4 | Iren | 31.11 Bn | 18.70 Bn | 103.89 Mn | 11.78 Bn |
| 5 | Corpay | 25.52 Bn | 15.72 Bn | - | 11.99 Bn |
| 6 | Fiserv | 24.03 Bn | 20.73 Bn | 2.90 Bn | 54.81 Bn |
| 7 | Global Payments | 21.72 Bn | 155.29 Mn | 2.03 Bn | 46.39 Bn |
| 8 | Bitmine Immersion Technologies | 15.32 Bn | 12.70 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.69 Bn | 8.26 Bn | 269.68 Mn | 1.87 Bn |
| 10 | Q2 Holdings | 3.45 Bn | 1.97 Bn | 130.20 Mn | 643.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 643.45 Mn |
| Mar 31, 2026 | 915.36 Mn |
| Dec 31, 2025 | 965.18 Mn |
| Sep 30, 2025 | 1.12 Bn |
| Jun 30, 2025 | 1.08 Bn |
| Mar 31, 2025 | 735.97 Mn |
| Dec 31, 2024 | 708.13 Mn |
| Dec 31, 2023 | 448.48 Mn |
| Sep 30, 2023 | 441.03 Mn |
| Jun 30, 2023 | 441.41 Mn |
| Mar 31, 2023 | 439.10 Mn |
| Dec 31, 2022 | 429.93 Mn |
| Sep 30, 2022 | 441.23 Mn |
| Jun 30, 2022 | 451.81 Mn |
| Mar 31, 2022 | 457.04 Mn |
| Dec 31, 2021 | 570.30 Mn |
| Dec 31, 2014 | 78.94 Mn |
| Sep 30, 2014 | 81.31 Mn |
| Jun 30, 2014 | 86.82 Mn |
| Mar 31, 2014 | 80.90 Mn |
API Access
Q2 Holdings Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=QTWO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "QTWO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=QTWO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();