QTWONYSEServices-Prepackaged SoftwareFiscal year ends December 31
Q2 Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$62.22+0.29 (+0.47%)
Close on Oct 19, 2026
- Market cap
- $4.07B
- P/E (TTM)
- 44.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
54.1%+10.7 pts over 5 years
Operating margin
5.0%+29.8 pts over 5 years
Net margin
6.5%+40.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +14.1% | +12.0% | +14.6% | +22.0% | |
| Gross profit | +21.2% | +18.8% | +19.7% | +24.1% | |
| Free cash flow | +50.8% | +97.1% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -33.3% | -26.9% | 8.8% | |
| Return on assets | -17.9% | -11.3% | 4.0% | |
| Current ratio | 2.12 | 4.23 | 1.02 | |
| Interest coverage | – | – | 8.1× | |
| Capex to revenue | 9.6% | 5.9% | 0.9% | |
| Diluted shares | 40M | 52M | 65M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Q2 generated $475.15M from operations and spent $55.07M on capital expenditure, dividends and share buybacks. 91% of that went back into the business.
Generated
$475.15M
Used
$55.07M
Capital expenditure$50.07M91%Dividends$00%Share buybacks$5.00M9%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.5%
×Asset turnover0.62×
×Equity multiplier2.18×
=Return on equity, FY20258.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.5% | 0.62× | 2.18× | 8.8% |
| FY2024 | -5.5% | 0.56× | 2.58× | -8.0% |
| FY2023 | -10.5% | 0.49× | 2.94× | -15.1% |
| FY2022 | -19.3% | 0.41× | 2.76× | -22.0% |
| FY2021 | -22.6% | 0.36× | 2.31× | -18.6% |
| FY2020 | -34.2% | 0.33× | 2.37× | -26.9% |
| FY2019 | -22.5% | 0.43× | 2.74× | -26.3% |
| FY2018 | -14.7% | 0.71× | 2.55× | -26.7% |
| FY2017 | -13.5% | 0.94× | 2.00× | -25.3% |
| FY2016 | -24.2% | 0.74× | 1.86× | -33.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$52.01M
- Cash generatingOperating cash flow above zero$201.46M
- Return on assets improvedROA up on the prior year-3.2% → 4.0%
- Earnings backed by cashOperating cash flow above net income$201.46M vs $52.01M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.40 → 1.02
- No dilutionShare count did not rise60M → 65M
- Gross margin improvedGross margin up on the prior year50.90% → 54.06%
- More efficientAsset turnover rose0.58 → 0.61