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

Q2 Holdings' (QTWO) quarterly Operating Expenses came in at $100.2 million in Q1 2026, up 1.44% year-on-year from $98.8 million in Q1 2025, and up 1.83% quarter-over-quarter from $98.4 million in Q4 2025.

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

Q2 Holdings has disclosed Operating Expenses across 14 years of filings, most recently posting $100.2 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $100.2 million, up 1.44% year-over-year; the trailing twelve-month figure through Mar 2026 was $391.2 million (down 1.98% YoY), and the FY2025 annual result was $389.8 million, down 1.75% from the prior year.
  • Operating Expenses came in at $100.2 million for Q1 2026 at Q2 Holdings, up 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.
  • The 5-year median for Operating Expenses is $97.8 million (2025), against an average of $96.3 million.
  • Across the five-year window, Operating Expenses gained 28.08% in 2022 and slipped 5.78% in 2025, its largest moves.
  • Q2 Holdings' Operating Expenses stood at $98.7 million in 2022, then rose by 0.73% to $99.4 million in 2023, then dropped by 1.5% to $97.9 million in 2024, then advanced by 0.51% to $98.4 million in 2025, then advanced by 1.83% to $100.2 million in 2026.
  • The last three Operating Expenses figures came in at $100.2 million (Q1 2026), $98.4 million (Q4 2025), and $97.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -269.42 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 11.28 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 1.16 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 6.22 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 1.04 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 2.33 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 4.23 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 3.67 Bn
10 Q2 Holdings 2.81 Bn 2.65 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