Q2 Holdings, Inc.

QTWOVertical SaaS

Q2 Holdings provides cloud-based digital banking and lending solutions for banks, credit unions, and fintech companies.

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026

ARR Multiple

3.4x

-0.0x

ARR

$879M

+1.5%

YoY Growth

12.6%

-1.5pp

Market Cap

$3.0B

+1.2%

Revenue (Q)

$220M

+1.5%

Gross Margin

59.3%

+0.2pp

Op. Margin

13.3%

+1.3pp

Rule of 40

26.0

-0.2

Magic Number

0.51

-0.77

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data.

AI Replacement Risk

9/ 100

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Estimated likelihood that general-purpose AI replaces this product.

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Valuation by quarter

Current ARR Multiple: 3.4x

Calculated valuation

FRAMEWORK EST.

Valuation data is not available for this company.

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Company overview

Q2 Holdings provides cloud-based digital banking and lending solutions for banks, credit unions, and fintech companies. Hank Seale founded it in 2004 in Austin, Texas. Q2 builds the technology that lets financial institutions deliver modern, secure digital banking experiences across web, mobile, and voice channels.

The Digital Banking Platform covers a lot of ground. Online and mobile banking for consumers. Commercial banking portals with cash management and treasury services. Small business banking. Digital account opening. Digital lending for consumer, commercial, and auto loans. The open architecture lets financial institutions plug into their core banking systems, payment processors, and fintech partners through APIs and a curated marketplace.

Helix is a cloud-native core processing platform built for fintechs and banking-as-a-service providers. It lets non-bank companies embed financial services into their own applications. PrecisionLender is an AI-powered commercial lending platform that helps relationship managers optimize pricing, structure deals, and grow portfolios profitably.

About 1,200 financial institutions use Q2, including many top US community banks and credit unions, plus global fintech companies. The platform supports tens of millions of end-user accounts. Annual revenue is roughly $700 million. Subscription revenue makes up over 85% of total. Gross margins sit around 55% and are expanding. About 2,500 employees work at the company. Q2 has recently reached positive adjusted EBITDA, reflecting growing operational leverage.