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

4.2x

+0.8x

ARR

$879M

+1.5%

YoY Growth

12.6%

-1.5pp

Market Cap

$3.7B

+23.2%

Revenue (Q)

$220M

+1.5%

Gross Margin

59.3%

+0.2pp

Op. Margin

13.3%

+0.6pp

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. Market cap & ARR multiple use the close of 13 Oct 2026; their pills compare vs the Jun 2026 quarter-end (3.4x).

Valuation by quarter

Current ARR Multiple: 3.4x· Forward at Q3 FY2026 guidance: 3.4x

Calculated valuation

FRAMEWORK EST.

Valuation data is not available for this company.

Strategy recommendations

Levers ranked by valuation impact

No recommendations for this company.

AI Replacement RiskLOW

9/ 100

LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

Open AI Risk Calculator →

Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score

Finance & operationsCategory baseline

mid base

Workflow complexity5/5

-12 risk

Data moat3/5

-1 risk

Integration depthHigh

-10 risk

SegmentEnterprise

-8 risk

IndustryFinance

-8 risk

Own AI integration2/5

+1.6 risk

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 $850 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.