Q2 Holdings (QTWO) Operating Margin (2013 - 2026)
Q2 Holdings (QTWO) reported Operating Margin of 12.79% for Q1 2026, up 1164.0% on a YoY basis from 1.01% in Q1 2025, and up 57.91% sequentially from 8.1% in Q4 2025.
Q2 Holdings (QTWO) Operating Margin (2013 - 2026) Analysis & Trends
Q2 Holdings (QTWO) has 14 years of Operating Margin data on file, last reported at 12.79% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 1164.0% year-over-year to 12.79%; the trailing twelve-month figure through Mar 2026 stood at 7.96% (up 1155.0% YoY), and the FY2025 full-year result was 5.02%, up 1109.0% from the prior year.
- Operating Margin improved to 12.79% in Q1 2026, from 8.1% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 12.79% in Q1 2026 to a low of 22.17% in Q4 2022.
- A 5-year average of 7.13% and a median of 8.57% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin sank 885 bps in 2022 and surged 1297 bps in 2025, its largest moves.
- Tracing QTWO's Operating Margin over 5 years: stood at 22.17% in 2022, then surged by 50 bps to 11.11% in 2023, then jumped by 92 bps to 0.86% in 2024, then soared by 1041 bps to 8.1% in 2025, then surged by 58 bps to 12.79% in 2026.
- Business Quant data shows QTWO's Operating Margin at 12.79% in Q1 2026, 8.1% in Q4 2025, and 5.46% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 12.05% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 14.56% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 21.08% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 4.06% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -22.99% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -23.45% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 29.26% |
| 10 | Q2 Holdings | 3.30 Bn | 2.92 Bn | 127.91 Mn | 12.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.79% |
| Dec 31, 2025 | 8.10% |
| Sep 30, 2025 | 5.46% |
| Jun 30, 2025 | 5.04% |
| Mar 31, 2025 | 1.15% |
| Dec 31, 2024 | -0.86% |
| Sep 30, 2024 | -7.31% |
| Jun 30, 2024 | -7.93% |
| Mar 31, 2024 | -8.57% |
| Dec 31, 2023 | -11.11% |
| Sep 30, 2023 | -14.95% |
| Jun 30, 2023 | -15.32% |
| Mar 31, 2023 | -13.85% |
| Dec 31, 2022 | -22.17% |
| Sep 30, 2022 | -18.72% |
| Jun 30, 2022 | -16.95% |
| Mar 31, 2022 | -15.96% |
| Dec 31, 2021 | -13.32% |
| Sep 30, 2021 | -18.13% |
| Jun 30, 2021 | -16.14% |