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Q2 Holdings, Inc. QTWO

NYSE · stock · Services-Prepackaged Software · website · IPO 2014-03-20 · LEI

Q2 Holdings, Inc. statistics & valuation

Market cap$3.0B
P / E57.7×
P / S3.8×
P / B4.5×
P / FCF15.4×
Net margin6.5%
Return on equity7.9%
FCF margin24.5%
Return on capital5.4%
Graham number -78.4%$13.53

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($13.53); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-24.20% -13.50% -14.70% -22.50% -34.20% -22.60% -19.30% -10.50% -5.50% 6.50% 2016201720182019202020212022202320242025
Gross margin (%)
48.50% 48.70% 49.50% 48.50% 43.40% 45.10% 45.30% 48.50% 50.90% 54.10% 2016201720182019202020212022202320242025
Operating margin (%)
-23.80% -13.90% -13.20% -21.20% -24.80% -15.60% -18.50% -13.80% -6.10% 5.00% 2016201720182019202020212022202320242025
Return on equity (%)
-36.30% -24.50% -22.30% -18.70% -21.40% -19.80% -26.00% -14.60% -7.40% 7.90% 2016201720182019202020212022202320242025
Shares outstanding
40.4M 42.0M 43.5M 48.4M 55.6M 56.9M 57.7M 59.0M 60.7M 65.1M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-18.10% -12.30% -7.60% -7.00% -9.70% -8.10% -8.10% -5.40% -3.00% 4.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-7.30% -1.50% -3.60% -4.20% -6.60% 2.30% 4.50% 10.30% 18.50% 24.50% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
-$1.53 -$2.65 -$2.00 -$1.90 -$1.12 -$0.64 $0.80 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin54.1%50.9%48.5%45.3%45.1%43.4%48.5%49.5%48.7%48.5%
Operating margin5.0%-6.1%-13.8%-18.5%-15.6%-24.8%-21.2%-13.2%-13.9%-23.8%
Net margin6.5%-5.5%-10.5%-19.3%-22.6%-34.2%-22.5%-14.7%-13.5%-24.2%
FCF margin24.5%18.5%10.3%4.5%2.3%-6.6%-4.2%-3.6%-1.5%-7.3%
Return on assets4.1%-3.0%-5.4%-8.1%-8.1%-9.7%-7.0%-7.6%-12.3%-18.1%
Return on equity7.9%-7.4%-14.6%-26.0%-19.8%-21.4%-18.7%-22.3%-24.5%-36.3%
Current ratio1.021.402.232.773.104.231.402.961.932.12

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.