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Q2 Holdings Valuation Multiples
Discover revenue and EBITDA valuation multiples for Q2 Holdings and similar public comparables like CCC Intelligent Solutions, NCR Atleos, Diebold Nixdorf, Servyou Software Group and more.
Q2 Holdings Overview
About Q2 Holdings
Q2 Holdings Inc provides digital solutions to financial institutions, financial technology companies, and alternative finance companies, seeking to incorporate banking into their customer engagement and servicing strategies. The company helps its clients with supervisory, consumer protection, privacy, third-party risk management requirements, and cyber threats and fraud, among other applications, by offering a portfolio of digital solutions, which comprises its digital banking offerings, digital lending and relationship pricing solutions, risk and fraud solutions, as well as Q2 Innovation Studio and Helix. Q2 derives the majority of its revenue from subscription fees for the use of its hosted solutions.
Founded
2005
HQ
Employees
2.5K
Website
Financials (LTM)
EV
$3B
Q2 Holdings Financials
Q2 Holdings reported last 12-month revenue of $819M and EBITDA of $199M.
In the same LTM period, Q2 Holdings generated $468M in gross profit, $199M in EBITDA, and $161M in net income.
Revenue (LTM)
Q2 Holdings P&L
In the most recent fiscal year, Q2 Holdings reported revenue of $795M and EBITDA of $187M.
Q2 Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $819M | XXX | $795M | XXX | XXX | XXX |
| Gross Profit | $468M | XXX | $430M | XXX | XXX | XXX |
| Gross Margin | 57% | XXX | 54% | XXX | XXX | XXX |
| EBITDA | $199M | XXX | $187M | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 23% | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 19% | XXX | XXX | XXX |
| Net Profit | $161M | XXX | $145M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 18% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Q2 Holdings Stock Performance
Q2 Holdings has current market cap of $3B, and enterprise value of $3B.
Market Cap Evolution
Q2 Holdings' stock price is $51.81.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $3B | 0.0% | XXX | XXX | XXX | $2.33 |
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Start Free TrialQ2 Holdings Valuation Multiples
Q2 Holdings trades at 3.8x EV/Revenue multiple, and 15.8x EV/EBITDA.
EV / Revenue (LTM)
Q2 Holdings Financial Valuation Multiples
As of April 19, 2026, Q2 Holdings has market cap of $3B and EV of $3B.
Equity research analysts estimate Q2 Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Q2 Holdings has a P/E ratio of 20.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 3.8x | XXX | 4.0x | XXX | XXX | XXX |
| EV/EBITDA | 15.8x | XXX | 16.9x | XXX | XXX | XXX |
| EV/EBIT | 18.8x | XXX | 20.4x | XXX | XXX | XXX |
| EV/Gross Profit | 6.7x | XXX | 7.3x | XXX | XXX | XXX |
| P/E | 20.1x | XXX | 22.3x | XXX | XXX | XXX |
| EV/FCF | 16.8x | XXX | 17.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Q2 Holdings Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Q2 Holdings Margins & Growth Rates
Q2 Holdings' revenue in the last 12 month grew by 10%.
Q2 Holdings' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Q2 Holdings' rule of 40 is 36% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Q2 Holdings' rule of X is 52% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Q2 Holdings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Growth | 21% | XXX | 22% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 36% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 52% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 11% | XXX | 13% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | 16% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 17% | XXX | 19% | XXX | XXX | XXX |
| Opex to Revenue | 42% | XXX | 49% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Q2 Holdings Public Comps
See public comps and valuation multiples for other Financial Services Software and Embedded Finance comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Q2 Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| CCC Intelligent Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| NCR Atleos | XXX | XXX | XXX | XXX | XXX | XXX |
| Diebold Nixdorf | XXX | XXX | XXX | XXX | XXX | XXX |
| Servyou Software Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Paymentus | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Q2 Holdings M&A Activity
Q2 Holdings acquired XXX companies to date.
Last acquisition by Q2 Holdings was on XXXXXXXX, XXXXX. Q2 Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Q2 Holdings
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialQ2 Holdings Investment Activity
Q2 Holdings invested in XXX companies to date.
Q2 Holdings made its latest investment on XXXXXXXX, XXXXX. Q2 Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Q2 Holdings
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Q2 Holdings
| When was Q2 Holdings founded? | Q2 Holdings was founded in 2005. |
| Where is Q2 Holdings headquartered? | Q2 Holdings is headquartered in United States. |
| How many employees does Q2 Holdings have? | As of today, Q2 Holdings has over 2K employees. |
| Who is the CEO of Q2 Holdings? | Q2 Holdings' CEO is Matthew P. Flake. |
| Is Q2 Holdings publicly listed? | Yes, Q2 Holdings is a public company listed on NYSE. |
| What is the stock symbol of Q2 Holdings? | Q2 Holdings trades under QTWO ticker. |
| When did Q2 Holdings go public? | Q2 Holdings went public in 2014. |
| Who are competitors of Q2 Holdings? | Q2 Holdings main competitors are CCC Intelligent Solutions, NCR Atleos, Diebold Nixdorf, Servyou Software Group. |
| What is the current market cap of Q2 Holdings? | Q2 Holdings' current market cap is $3B. |
| What is the current revenue of Q2 Holdings? | Q2 Holdings' last 12 months revenue is $819M. |
| What is the current revenue growth of Q2 Holdings? | Q2 Holdings revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Q2 Holdings? | Current revenue multiple of Q2 Holdings is 3.8x. |
| Is Q2 Holdings profitable? | Yes, Q2 Holdings is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Q2 Holdings? | Q2 Holdings' last 12 months EBITDA is $199M. |
| What is Q2 Holdings' EBITDA margin? | Q2 Holdings' last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of Q2 Holdings? | Current EBITDA multiple of Q2 Holdings is 15.8x. |
| What is the current FCF of Q2 Holdings? | Q2 Holdings' last 12 months FCF is $188M. |
| What is Q2 Holdings' FCF margin? | Q2 Holdings' last 12 months FCF margin is 23%. |
| What is the current EV/FCF multiple of Q2 Holdings? | Current FCF multiple of Q2 Holdings is 16.8x. |
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