QTWO Q2 Holdings margins

Relative Growth: Rel. Growth: 83

Relative Strength: Rel. Strength: 86

Relative Valuation: Rel. Valuation: 48

Relative Profitability: Rel. Profitability: 94

Gross margin

58.4%

Operating margin

12.4%

EBITDA margin

19.5%

Net margin

12.7%

Currently, Q2 Holdings has a gross margin of 58.4%, an operating margin of 12.4%, an EBITDA margin of 19.5%, and a net margin of 12.7%. The company's available margins all improved, with operating margin showing the strongest expansion of 9.6 percentage points.

QTWO margin history

Gross, operating, EBITDA and net margin trends

Q2 Holdings's margins averaged 52.58% gross, -1.43% operating, 9.58% EBITDA, and -0.51% net over the last 3 years. Compared with their three-year averages, all four current margins are higher.

QTWO margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with operating margin showing the largest gain at 9.6 percentage points.

Gross margin expansion

5pp

Operating margin expansion

9.6pp

EBITDA margin expansion

6.8pp

Net margin expansion

8.6pp

QTWO Gross margin

Looking back over the last 3 years, Q2 Holdings recorded an average gross margin of 52.58%. Compared with its three-year average, Q2 Holdings's current gross margin is 58.4% and is 5.8 percentage points above its three-year average. The highest gross margin for Q2 Holdings was 58.4% in Sep 2026, while the lowest was 48.5% in Dec 2023.

QTWO Operating margin

Over the last 3 years, Q2 Holdings had an average operating margin of -1.43%. Compared with its three-year average, Q2 Holdings's current operating margin is 12.4% and is 13.8 percentage points above its three-year average. Looking back over the last 3 years, Q2 Holdings's operating margin reached 12.4% at its highest point in Sep 2026 and -13.8% at its lowest in Dec 2023.

QTWO EBITDA margin

The average EBITDA margin for Q2 Holdings was 9.58% in the last 3 years. As of the latest period, the current EBITDA margin for Q2 Holdings is 19.5%, 9.9 percentage points above its three-year average. The EBITDA margin for Q2 Holdings moved between 0.6% in Mar 2024 and 19.5% in Sep 2026.

QTWO Net margin

Looking at the last 3 years, Q2 Holdings had an average net margin of -0.51%. As of the latest period, Q2 Holdings's current net margin is 12.7%, which is 13.2 percentage points above its three-year average. Looking back over the last 3 years, Q2 Holdings's net margin reached 12.7% at its highest point in Sep 2026 and -12.4% at its lowest in Mar 2024.

QTWO margin group comparison

Margins compared with peer-group, industry and sector averages

Q2 Holdings's gross margin of 58.4% is above the Technology sector average but below the industry average. In comparison with its Technology sector average of 52.5%, Q2 Holdings's gross margin is 11% higher.

QTWO margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Q2 Holdings's gross margin?

The current gross margin for QTWO is 58.4% as of Sep 30, 2026.

What is Q2 Holdings's operating margin?

The current operating margin for QTWO is 12.4% as of Sep 30, 2026.

What is Q2 Holdings's EBITDA margin?

For the period ending Sep 30, 2026, QTWO recorded an EBITDA margin of 19.5%.

What is Q2 Holdings's net margin?

As of Sep 30, 2026, QTWO has a net margin of 12.7%.

What are the average margins of QTWO?

Over the last 3 years, Q2 Holdings's margins averaged 52.6% gross, -1.4% operating, 9.6% EBITDA, and -0.5% net.

What are the highest historical margins of QTWO?

Over this 5-year history, QTWO peaked at 58.4% gross in Sep 2026, 12.4% operating in Sep 2026, 19.5% EBITDA in Sep 2026, and 12.7% net in Sep 2026.

What are the lowest historical margins of QTWO?

In the last 5 years, the lowest margins reported by QTWO were 45% gross in Mar 2022, -18.5% operating in Dec 2022, -6.7% EBITDA in Dec 2022, and -22.6% net in Dec 2021.