Q2 Holdings (QTWO) Operating Margin (2013 - 2026)
Q2 Holdings' (QTWO) quarterly Operating Margin came in at 12.79% in Q1 2026, up 1164.0% year-on-year from 1.01% in Q1 2025, and up 57.91% quarter-over-quarter from 8.1% in Q4 2025.
Q2 Holdings (QTWO) Operating Margin (2013 - 2026) Analysis & Trends
Q2 Holdings has disclosed Operating Margin across 14 years of filings, most recently posting 12.79% for Q1 2026.
- Operating Margin for Q1 2026 came in at 12.79%, up 1164.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 7.96% (up 1155.0% YoY), and the FY2025 annual result was 5.02%, up 1109.0% from the prior year.
- Operating Margin came in at 12.79% for Q1 2026 at Q2 Holdings, up 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.
- The 5-year median for Operating Margin is 8.57% (2024), against an average of 7.13%.
- Across the five-year window, Operating Margin tumbled 885 bps in 2022 and surged 1297 bps in 2025, its largest moves.
- Q2 Holdings' Operating Margin stood at 22.17% in 2022, then soared by 50 bps to 11.11% in 2023, then surged by 92 bps to 0.86% in 2024, then jumped by 1041 bps to 8.1% in 2025, then soared by 58 bps to 12.79% in 2026.
- The last three Operating Margin figures came in at 12.79% (Q1 2026), 8.1% (Q4 2025), and 5.46% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.05% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 13.34% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Q2 Holdings | 2.81 Bn | 2.65 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% |