Q2 Holdings QTWO Peer Comparison

NYSE QTWO
$62.10 -1.89 (-2.95%)
At close: Sep 4, 2026 · 4:00 PM EDT
Peer Comparison

121 Comparable Companies

Industry Digital Banking

Q2 Holdings, Inc. (QTWO) is the 45th largest of 121 Digital Banking companies by market capitalisation, at 3.87 Bn, behind Sezzle Inc. at 4.06 Bn. It trades on a P/E of 42.18, 59% above the peer median of 26.55. The table below compares all 121 on 8 financial metrics.

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# Ticker Company match industry_code industry_group industry_group_code Market Capitalization P/E P/S Enterprise Value
1 CHYM Chime Financial, Inc. primary T-57 Fintech TG-09 12.78 Bn -704.82 5.20 11.72 Bn
2 JKHY Jack Henry & Associates Inc primary T-57 Fintech TG-09 11.61 Bn 23.68 4.56 11.60 Bn
3 DAVE Dave Inc./DE primary T-57 Fintech TG-09 4.36 Bn 30.36 6.77 4.10 Bn
4 QTWO Q2 Holdings, Inc. primary T-57 Fintech TG-09 3.87 Bn 42.18 4.58 3.77 Bn
5 NCNO nCino, Inc. primary T-57 Fintech TG-09 2.43 Bn 240.48 3.97 2.36 Bn
6 ALKT Alkami Technology, Inc. primary T-57 Fintech TG-09 2.11 Bn -46.60 4.30 2.02 Bn
7 AVGO Broadcom Inc. secondary T-01 Semiconductors TG-01 1,702.84 Bn 57.07 22.56 1,683.21 Bn
8 SHOP Shopify Inc. secondary T-52 Internet Platforms TG-08 187.92 Bn 97.47 14.16 182.98 Bn
9 NOW ServiceNow, Inc. secondary T-20 Business Applications TG-03 146.07 Bn 87.24 9.92 141.41 Bn
10 ADP Automatic Data Processing Inc secondary T-21 Business Applications TG-03 110.44 Bn 25.31 5.03 106.21 Bn
11 HOOD Robinhood Markets, Inc. secondary F-19 Capital Markets FG-05 109.78 Bn 52.98 22.26 92.45 Bn
12 MELI Mercadolibre Inc secondary T-51 Internet Platforms TG-08 100.30 Bn 53.84 2.85 85.10 Bn
13 MCO Moodys Corp /De/ secondary F-23 Financial Data FG-06 85.51 Bn 30.72 10.48 84.15 Bn
14 RELX Relx Plc secondary T-23 Business Applications TG-03 64.63 Bn 5.22 4.50 64.32 Bn
15 NDAQ Nasdaq, Inc. secondary F-20 Capital Markets FG-05 54.45 Bn 27.79 6.22 53.73 Bn
16 XYZ Block, Inc. secondary T-54 Fintech TG-09 49.71 Bn 139.08 1.98 43.24 Bn
17 CRWV CoreWeave, Inc. secondary T-43 Cloud Computing TG-07 49.24 Bn -25.54 6.49 43.70 Bn
18 INVUP Investview, Inc. secondary T-64 Technology Services TG-11 47.82 Bn -3,555.26 2,315.22 47.82 Bn
19 PYPL PayPal Holdings, Inc. secondary T-54 Fintech TG-09 47.38 Bn 9.83 1.39 36.12 Bn
20 TRI Thomson Reuters Corp /Can/ secondary T-22 Business Applications TG-03 46.10 Bn 27.98 5.89 45.06 Bn
21 FISV Fiserv Inc secondary T-54 Fintech TG-09 28.18 Bn 10.31 1.35 27.58 Bn
22 FIS Fidelity National Information Services, Inc. secondary T-19 Business Applications TG-03 21.61 Bn 21.24 1.77 20.87 Bn
23 TOST Toast, Inc. secondary T-31 Vertical Software TG-05 19.59 Bn 40.39 2.88 17.88 Bn
24 GEN Gen Digital Inc. secondary T-38 Infrastructure Software TG-06 18.36 Bn 17.44 3.61 17.80 Bn
25 U Unity Software Inc. secondary T-34 Infrastructure Software TG-06 18.33 Bn -31.13 9.03 16.24 Bn
26 WSE Wise Group plc secondary F-26 Payments FG-07 15.78 Bn 13.57 5.40 15.78 Bn
27 ULS UL Solutions Inc. secondary I-26 Business Services IG-06 14.92 Bn 28.25 4.74 14.51 Bn
28 GRAB Grab Holdings Ltd secondary T-53 Internet Platforms TG-08 14.00 Bn 30.10 2.63 10.27 Bn
29 DOCU Docusign, Inc. secondary T-22 Business Applications TG-03 12.87 Bn 39.66 3.83 12.10 Bn
30 FIG Figma, Inc. secondary T-25 Workplace Software TG-04 12.80 Bn -8.87 10.69 11.13 Bn
31 FROG JFrog Ltd secondary T-34 Infrastructure Software TG-06 10.78 Bn -198.54 17.97 9.95 Bn
32 SAIL SailPoint, Inc. secondary T-39 Infrastructure Software TG-06 10.67 Bn -67.50 9.52 10.28 Bn
33 PCOR Procore Technologies, Inc. secondary T-30 Vertical Software TG-05 8.81 Bn -226.25 6.19 8.15 Bn
34 GTLB Gitlab Inc. secondary T-34 Infrastructure Software TG-06 8.28 Bn -155.73 7.85 7.07 Bn
35 YMM Full Truck Alliance Co. Ltd. secondary T-51 Internet Platforms TG-08 8.08 Bn 14.81 — 7.12 Bn
36 FIGR Figure Technology Solutions, Inc. secondary F-05 Lending and Credit FG-02 8.04 Bn 33.55 14.65 6.51 Bn
37 CWAN Clearwater Analytics Holdings, Inc. secondary T-18 Business Applications TG-03 7.30 Bn -144.94 8.84 7.22 Bn
38 DSGX Descartes Systems Group Inc secondary T-32 Vertical Software TG-05 6.79 Bn 31.80 9.01 6.41 Bn
39 NICE NICE Ltd. secondary T-26 Workplace Software TG-04 6.38 Bn 6.89 1.08 6.02 Bn
40 QLYS Qualys, Inc. secondary T-38 Infrastructure Software TG-06 5.95 Bn 29.08 8.46 5.52 Bn
41 OTEX Open Text Corp secondary T-24 Workplace Software TG-04 5.80 Bn 9.27 1.11 4.84 Bn
42 JG Aurora Mobile Ltd secondary T-34 Infrastructure Software TG-06 4.87 Bn 3,233.06 86.59 4.85 Bn
43 BOX Box Inc secondary T-24 Workplace Software TG-04 4.83 Bn 49.99 3.95 4.38 Bn
44 MOGU MOGU Inc. secondary T-51 Internet Platforms TG-08 4.71 Bn -146.14 136.71 4.67 Bn
45 BULL Webull Corp secondary F-19 Capital Markets FG-05 4.28 Bn 90.77 6.29 3.58 Bn
46 WK Workiva Inc secondary T-22 Business Applications TG-03 4.15 Bn 90.58 4.29 3.33 Bn
47 SEZL Sezzle Inc. secondary T-54 Fintech TG-09 4.06 Bn 25.12 7.63 3.98 Bn
48 ACRT CYBERLOQ TECHNOLOGIES, INC. secondary T-39 Infrastructure Software TG-06 3.41 Bn -3,327.14 — 3.41 Bn
49 INTA Intapp, Inc. secondary T-16 Business Applications TG-03 3.19 Bn -80.39 5.52 3.03 Bn
50 STNE StoneCo Ltd. secondary F-04 Lending and Credit FG-02 3.18 Bn 9.12 1.16 1.56 Bn
51 CLBT Cellebrite DI Ltd. secondary T-38 Infrastructure Software TG-06 2.86 Bn 47.08 5.55 2.57 Bn
52 AVPT AvePoint, Inc. secondary T-37 Infrastructure Software TG-06 2.84 Bn 30.40 6.09 2.42 Bn
53 UPST Upstart Holdings, Inc. secondary T-56 Fintech TG-09 2.73 Bn 44.90 2.19 2.28 Bn
54 ETOR eToro Group Ltd. secondary F-19 Capital Markets FG-05 2.71 Bn 31.45 0.23 1.75 Bn
55 ATHM Autohome Inc. secondary T-51 Internet Platforms TG-08 2.55 Bn 19.27 3.23 -0.27 Bn
56 PAYO Payoneer Global Inc. secondary T-54 Fintech TG-09 2.43 Bn 73.63 2.25 2.08 Bn
57 VERX Vertex, Inc. secondary T-22 Business Applications TG-03 2.22 Bn 1,358.01 2.82 1.99 Bn
58 PGY Pagaya Technologies Ltd. secondary T-56 Fintech TG-09 1.92 Bn 16.36 1.38 1.72 Bn
59 PRGS Progress Software Corp /Ma secondary T-34 Infrastructure Software TG-06 1.82 Bn 20.73 1.81 1.72 Bn
60 MQ Marqeta, Inc. secondary T-54 Fintech TG-09 1.73 Bn 168.56 2.55 1.03 Bn
61 PRG PROG Holdings, Inc. secondary F-04 Lending and Credit FG-02 1.57 Bn 12.72 0.61 1.48 Bn
62 LSPD Lightspeed Commerce Inc. secondary T-31 Vertical Software TG-05 1.45 Bn -25.60 1.16 1.08 Bn
63 WLTH Wealthfront Corp secondary F-09 Asset and Wealth Management FG-03 1.43 Bn -22.72 3.93 1.00 Bn
64 ATLC Atlanticus Holdings Corp secondary F-06 Lending and Credit FG-02 1.41 Bn 9.75 0.53 0.85 Bn
65 AMBQ Ambiq Micro, Inc. secondary T-01 Semiconductors TG-01 1.38 Bn -33.73 14.15 1.02 Bn
66 CLVT Clarivate Plc secondary T-22 Business Applications TG-03 1.33 Bn -3.98 0.55 1.11 Bn
67 DFIN Donnelley Financial Solutions, Inc. secondary T-22 Business Applications TG-03 1.26 Bn 50.66 1.62 1.23 Bn
68 TUYA Tuya Inc. secondary T-43 Cloud Computing TG-07 1.16 Bn 14.32 3.41 0.18 Bn
69 UPBD Upbound Group, Inc. secondary F-06 Lending and Credit FG-02 1.11 Bn 12.24 0.23 1.00 Bn
70 QFIN Qfin Holdings, Inc. secondary T-56 Fintech TG-09 1.10 Bn 2.25 0.46 0.11 Bn
71 RDVT Red Violet, Inc. secondary T-39 Infrastructure Software TG-06 1.07 Bn 73.31 10.85 1.02 Bn
72 LZ Legalzoom.Com, Inc. secondary T-22 Business Applications TG-03 1.03 Bn 62.07 1.30 0.86 Bn
73 FINV FinVolution Group secondary T-56 Fintech TG-09 0.86 Bn 2.76 0.45 -0.07 Bn
74 HSTM Healthstream Inc secondary T-27 Vertical Software TG-05 0.85 Bn 40.26 2.66 0.79 Bn
75 CCSI Consensus Cloud Solutions, Inc. secondary T-26 Workplace Software TG-04 0.65 Bn 6.86 1.83 0.55 Bn
76 OSPN OneSpan Inc. secondary T-39 Infrastructure Software TG-06 0.61 Bn 9.09 2.49 0.57 Bn
77 OPFI OppFi Inc. secondary F-06 Lending and Credit FG-02 0.50 Bn 2.72 1.38 0.41 Bn
78 PRTH Priority Technology Holdings, Inc. secondary T-54 Fintech TG-09 0.45 Bn — — 0.39 Bn
79 XYF X Financial secondary T-56 Fintech TG-09 0.43 Bn 2.82 0.54 -0.14 Bn
80 LSAK Lesaka Technologies Inc secondary F-04 Lending and Credit FG-02 0.38 Bn -12.95 0.54 0.37 Bn
81 QNC Quantum eMotion Corp secondary T-42 Infrastructure Software TG-06 0.38 Bn — 351,636.96 0.38 Bn
82 LPRO Open Lending Corp secondary T-56 Fintech TG-09 0.37 Bn -69.35 4.16 0.19 Bn
83 BLND Blend Labs, Inc. secondary T-56 Fintech TG-09 0.36 Bn -16.05 2.81 0.32 Bn
84 TLS Telos Corp secondary T-22 Business Applications TG-03 0.36 Bn -22.84 1.85 0.31 Bn
85 LX LexinFintech Holdings Ltd. secondary T-56 Fintech TG-09 0.29 Bn 1.01 0.16 0.29 Bn
86 LAW CS Disco, Inc. secondary T-22 Business Applications TG-03 0.28 Bn -6.80 1.65 0.17 Bn
87 BETR Better Home & Finance Holding Co secondary F-05 Lending and Credit FG-02 0.27 Bn -1.50 1.44 0.17 Bn
88 FINW Finwise Bancorp secondary F-01 Banking FG-01 0.19 Bn 13.47 1.06 0.10 Bn
89 TRAK ReposiTrak, Inc. secondary T-32 Vertical Software TG-05 0.14 Bn 20.76 6.17 0.12 Bn
90 AEYE Audioeye Inc secondary T-22 Business Applications TG-03 0.10 Bn -20.73 2.28 0.09 Bn
91 USDW Made In Usa Inc. secondary T-22 Business Applications TG-03 0.09 Bn 92,305.45 3,513.82 0.09 Bn
92 YRD Yiren Digital Ltd. secondary F-04 Lending and Credit FG-02 0.09 Bn -0.69 0.12 -0.34 Bn
93 ANTA Antalpha Platform Holding Co secondary T-56 Fintech TG-09 0.09 Bn 0.00 0.00 -0.80 Bn
94 RPMT Rego Payment Architectures, Inc. secondary T-54 Fintech TG-09 0.08 Bn -6.60 1,738.88 0.08 Bn
95 EGG Enigmatig Ltd secondary I-26 Business Services IG-06 0.07 Bn — — 0.06 Bn
96 MAPS Wm Technology, Inc. secondary T-51 Internet Platforms TG-08 0.06 Bn 13.99 0.37 0.08 Bn
97 DGNX Diginex Ltd secondary T-22 Business Applications TG-03 0.04 Bn -1.24 12.08 0.04 Bn
98 KPLT Katapult Holdings, Inc. secondary F-04 Lending and Credit FG-02 0.04 Bn 5.76 0.13 0.04 Bn
99 FLD Fold Holdings, Inc. secondary F-22 Capital Markets FG-05 0.03 Bn -0.38 1.05 0.00 Bn
100 HOLO MicroCloud Hologram Inc. secondary T-41 Infrastructure Software TG-06 0.02 Bn -2.77 0.36 -0.35 Bn
101 CRMZ Creditriskmonitor Com Inc secondary T-22 Business Applications TG-03 0.02 Bn -55.20 1.11 0.00 Bn
102 TRCK Track Group, Inc. secondary T-11 Computer Hardware TG-02 0.02 Bn 0.97 0.55 0.01 Bn
103 UPYY Upay secondary T-22 Business Applications TG-03 0.02 Bn -11.27 19.76 0.02 Bn
104 KARX Karbon-X Corp. secondary F-06 Lending and Credit FG-02 0.01 Bn -0.87 0.20 0.01 Bn
105 ASFH Asiafin Holdings Corp. secondary T-54 Fintech TG-09 0.01 Bn 15.49 1.82 0.01 Bn
106 CISO CISO Global, Inc. secondary T-38 Infrastructure Software TG-06 0.01 Bn -2.00 0.41 0.01 Bn
107 NVNI Nvni Group Ltd secondary T-19 Business Applications TG-03 0.01 Bn -0.44 0.27 0.01 Bn
108 HMMR Hammer Technology Holdings Corp. secondary T-54 Fintech TG-09 0.01 Bn -1.84 — 0.01 Bn
109 GDLG Glidelogic Corp. secondary T-40 Infrastructure Software TG-06 0.01 Bn -50.40 — 0.01 Bn
110 OLB Olb Group, Inc. secondary T-54 Fintech TG-09 0.00 Bn -0.76 0.52 0.00 Bn
111 VRSSF Verses AI Inc. secondary T-40 Infrastructure Software TG-06 0.00 Bn -0.09 4.03 0.00 Bn
112 NCPL Netcapital Inc. secondary F-17 Capital Markets FG-05 0.00 Bn -0.12 4.40 0.00 Bn
113 ESSI Eco Science Solutions, Inc. secondary T-19 Business Applications TG-03 0.00 Bn -3.08 12,559.11 0.00 Bn
114 OVTZ Oculus Inc. secondary T-22 Business Applications TG-03 0.00 Bn — — 0.00 Bn
115 HCTI Healthcare Triangle, Inc. secondary T-38 Infrastructure Software TG-06 0.00 Bn -0.51 0.09 0.00 Bn
116 SHFS SHF Holdings, Inc. secondary F-06 Lending and Credit FG-02 0.00 Bn -0.22 0.25 0.00 Bn
117 NOTE FiscalNote Holdings, Inc. secondary T-22 Business Applications TG-03 0.00 Bn -0.01 0.02 -0.02 Bn
118 HKIT HiTek Global Inc. secondary T-64 Technology Services TG-11 0.00 Bn 1.80 0.17 0.00 Bn
119 WLDS Wearable Devices Ltd. secondary T-08 Computer Hardware TG-02 0.00 Bn -0.08 1.05 -0.02 Bn
120 PSQH-WT PSQ Holdings, Inc. secondary T-54 Fintech TG-09 0.00 Bn 0.00 0.00 -0.01 Bn
121 HQ Horizon Quantum Holdings Ltd. secondary T-42 Infrastructure Software TG-06 0.00 Bn 0.00 — -0.11 Bn