Q2 Holdings, Inc. earnings

Q2 Holdings started the second half of 2026 with a stronger income statement. Revenue rose 12.6% year over year to $219.8 million in the June 2026 quarter, and management said the top line was up 2% from the first quarter of 2026.

Q2 Holdings opened fiscal 2026 with sharp profitability gains on steady top-line growth. Revenue in the first quarter ended March 31, 2026 was $216.5 million, up 14.1 percent year over year. Gross profit was $127.9 million, up 26.7 percent. Gross margin was 59.1%, up 5.9 percentage points.

Q2 Holdings closed fiscal 2025 with fourth quarter revenue of $208.2 million, up 13.8% from the prior-year quarter. Full-year revenue reached $794.8 million, up 14.1%. GAAP gross margin was 55.4% in the fourth quarter, up 2.7 percentage points year over year, and 54.1% for the full year, up 3.2 percentage points.

Q2 Holdings reported third-quarter fiscal 2025 revenue of $201.7 million, up 15.2% from the prior-year quarter. Gross profit rose 22.2% to $108.8 million, and GAAP gross margin reached 54.0%, up 3.1 percentage points. The company swung to an operating profit of $11.0 million from an operating loss a year earlier.

Q2 Holdings reported second quarter revenue of $195.1 million, up 12.9 percent from the prior-year quarter. Gross profit of $104.6 million rose 20.4 percent, and GAAP gross margin reached 53.6 percent, up 3.4 percentage points.

Q2 Holdings posted a clear swing to GAAP profitability in the first quarter of fiscal 2025. Revenue was $189.7 million, up 14.6% from the prior-year quarter. Gross profit was $101.0 million, up 22.8%. Gross margin was 53.2%, up from 49.7%.

Q2 Holdings closed fiscal 2024 with fourth-quarter revenue of $183.0 million, up 12.9 percent from the prior-year quarter. Full-year revenue reached $696.5 million, up 11.5 percent.

Q2 Holdings posted third quarter fiscal 2024 revenue of $175.0 million, up 12.9% year over year. Gross profit rose 20.1% to $89.1 million. Gross margin expanded to 50.9%, a 3.0 percentage point increase.

Q2 Holdings posted revenue of $172.9 million for the quarter ended June 30, 2024, up 11.9% from the prior-year quarter.

Q2 Holdings reported first quarter fiscal 2024 revenue of $165.5 million, up 8.2% from the prior-year quarter. Gross profit rose 12.2% to $82.3 million. Gross margin expanded 1.8 percentage points to 49.7%. Operating loss narrowed to $14.2 million, and operating margin improved 5.3 percentage points to negative 8.6%.

Q2 Holdings closed fiscal 2023 with fourth quarter revenue of $162.1 million, up 10.6 percent from the prior-year quarter. Full-year revenue reached $624.6 million, up 10.4 percent. GAAP gross profit was $81.4 million in the quarter, up 22.9 percent, and $302.7 million for the full year, up 18.1 percent.

Q2 Holdings reported third quarter 2023 revenue of $155.0 million, up 7.1 percent from the prior-year quarter and flat from the second quarter of 2023. GAAP gross margin was 47.8 percent, up from 46.2 percent a year earlier and flat with the second quarter.

Q2 Holdings reported second quarter revenue of $154.5 million for the period ended June 30, 2023, up 10.1% from the prior-year quarter. GAAP gross margin was 47.8%, up 3.0 percentage points. Gross profit was $73.8 million, up 17.4%.

Q2 Holdings reported first quarter fiscal 2023 revenue of $153.0 million, up 14.1% from the prior-year quarter. Gross profit rose 21.4% to $73.3 million, and GAAP gross margin was 47.9%, up 2.9 percentage points. Non-GAAP revenue was $153.1 million, and non-GAAP gross margin was 54.0%.

Q2 Holdings closed fiscal 2022 with fourth-quarter revenue of $146.5 million, up 11.1% from the prior-year quarter. Full-year revenue reached $565.7 million, up 13.4% from 2021. Gross margin was 45.2% in the quarter, flat year over year, while full-year gross margin was 45.3%, up 0.2 points.

Q2 Holdings reported third quarter fiscal 2022 revenue of $144.75 million, up 14.2% from the prior-year quarter. Gross profit rose 17.3% to $66.86 million. Gross margin improved 1.2 percentage points to 46.2%. The bottom line still showed a loss, but net loss narrowed to $27.79 million.

Q2 Holdings closed the second quarter of 2022 with GAAP revenue of $140.3 million, up 13.5% from the prior-year quarter. Year-to-date revenue reached $274.4 million, up 14.3% from the prior-year period. GAAP gross profit was $62.9 million, up 13.6% from the prior-year quarter.

Q2 Holdings reported first quarter fiscal 2022 revenue of $134.07 million, up 15.1% from the prior-year quarter. Gross profit rose 13.5% to $60.40 million. Gross margin slipped to 45.1%, down 0.6 percentage points year over year.

Q2 Holdings closed fiscal 2021 with fourth-quarter revenue of $131.9 million, up 21.0% from $109.0 million in the prior-year quarter. Full-year revenue was $498.7 million, up 23.8%. Gross profit rose 33.6% in the quarter to $59.5 million and 28.9% for the year to $225.0 million.

Q2 Holdings grew revenue 22.1 percent in its fiscal third quarter, hitting $126.7 million on a GAAP basis for the three months ended September 30, 2021, against $103.8 million a year earlier.

Q2 Holdings reported second quarter revenue of $123.6 million, up 26.6 percent from the same quarter a year earlier, and first-half revenue of $240.1 million, up 26.4 percent. The GAAP net loss narrowed to $30.1 million in the quarter while the operating loss narrowed to $19.9 million.

Q2 Holdings opened fiscal 2021 with first quarter revenue of $116.5 million, up 26.1% from $92.4 million in the prior-year quarter. Management attributed most of the increase to cross sales of additional solutions to new and existing customers and to growth in registered users, which together added $20.1 million.