Q2 Holdings (QTWO) Operating Expenses (2013 - 2026)

Q2 Holdings (QTWO) reported Operating Expenses of $100.2 million for Q1 2026, up 1.44% on a YoY basis from $98.8 million in Q1 2025, and up 1.83% sequentially from $98.4 million in Q4 2025.

Q2 Holdings (QTWO) Operating Expenses (2013 - 2026) Analysis & Trends

Q2 Holdings (QTWO) has 14 years of Operating Expenses data on file, last reported at $100.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 1.44% year-over-year to $100.2 million; the trailing twelve-month figure through Mar 2026 stood at $391.2 million (down 1.98% YoY), and the FY2025 full-year result was $389.8 million, down 1.75% from the prior year.
  • Operating Expenses improved to $100.2 million in Q1 2026, from $98.4 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $101.9 million in Q3 2024 to a low of $81.8 million in Q1 2022.
  • A 5-year average of $96.3 million and a median of $97.8 million in 2025 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses gained 28.08% in 2022 and slipped 5.78% in 2025, its largest moves.
  • Tracing QTWO's Operating Expenses over 5 years: stood at $98.7 million in 2022, then increased by 0.73% to $99.4 million in 2023, then slipped by 1.5% to $97.9 million in 2024, then gained by 0.51% to $98.4 million in 2025, then gained by 1.83% to $100.2 million in 2026.
  • Business Quant data shows QTWO's Operating Expenses at $100.2 million in Q1 2026, $98.4 million in Q4 2025, and $97.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -269.42 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 1.16 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 11.28 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 6.22 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 2.66 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 4.23 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 1.25 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 1.04 Bn
10 Q2 Holdings 3.30 Bn 2.92 Bn 127.91 Mn 100.23 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 100.23 Mn
Dec 31, 2025 98.42 Mn
Sep 30, 2025 97.84 Mn
Jun 30, 2025 94.72 Mn
Mar 31, 2025 98.80 Mn
Dec 31, 2024 97.92 Mn
Sep 30, 2024 101.86 Mn
Jun 30, 2024 100.53 Mn
Mar 31, 2024 96.44 Mn
Dec 31, 2023 99.41 Mn
Sep 30, 2023 97.31 Mn
Jun 30, 2023 97.50 Mn
Mar 31, 2023 94.50 Mn
Dec 31, 2022 98.69 Mn
Sep 30, 2022 93.95 Mn
Jun 30, 2022 86.67 Mn
Mar 31, 2022 81.80 Mn
Dec 31, 2021 77.05 Mn
Sep 30, 2021 79.98 Mn
Jun 30, 2021 75.28 Mn