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Q2 Holdings Earnings Calls
| Release date | Apr 29, 2026 |
| EPS estimate | $0.710 |
| EPS actual | $0.630 |
| EPS Surprise | -11.27% |
| Revenue estimate | 214.399M |
| Revenue actual | 216.506M |
| Revenue Surprise | 0.98% |
| Release date | Feb 11, 2026 |
| EPS estimate | $0.590 |
| EPS actual | $0.610 |
| EPS Surprise | 3.39% |
| Revenue estimate | 204.685M |
| Revenue actual | 208.222M |
| Revenue Surprise | 1.73% |
| Release date | Nov 05, 2025 |
| EPS estimate | $0.550 |
| EPS actual | $0.570 |
| EPS Surprise | 3.64% |
| Revenue estimate | 204.86M |
| Revenue actual | 201.704M |
| Revenue Surprise | -1.54% |
| Release date | Jul 30, 2025 |
| EPS estimate | $0.510 |
| EPS actual | $0.500 |
| EPS Surprise | -1.96% |
| Revenue estimate | 198.01M |
| Revenue actual | 195.148M |
| Revenue Surprise | -1.45% |
Last 4 Quarters for Q2 Holdings
Below you can see how QTWO performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 30, 2025 |
| Price on release | $89.99 |
| EPS estimate | $0.510 |
| EPS actual | $0.500 |
| EPS surprise | -1.96% |
| Date | Price |
|---|---|
| Jul 24, 2025 | $89.41 |
| Jul 25, 2025 | $89.23 |
| Jul 28, 2025 | $90.75 |
| Jul 29, 2025 | $90.40 |
| Jul 30, 2025 | $89.99 |
| Jul 31, 2025 | $81.20 |
| Aug 01, 2025 | $76.53 |
| Aug 04, 2025 | $78.75 |
| Aug 05, 2025 | $76.95 |
| 4 days before | 0.649% |
| 4 days after | -14.49% |
| On release day | -9.77% |
| Change in period | -13.94% |
| Release date | Nov 05, 2025 |
| Price on release | $61.12 |
| EPS estimate | $0.550 |
| EPS actual | $0.570 |
| EPS surprise | 3.64% |
| Date | Price |
|---|---|
| Oct 30, 2025 | $60.84 |
| Oct 31, 2025 | $61.76 |
| Nov 03, 2025 | $62.61 |
| Nov 04, 2025 | $60.53 |
| Nov 05, 2025 | $61.12 |
| Nov 06, 2025 | $70.17 |
| Nov 07, 2025 | $71.99 |
| Nov 10, 2025 | $73.19 |
| Nov 11, 2025 | $73.41 |
| 4 days before | 0.460% |
| 4 days after | 20.11% |
| On release day | 14.81% |
| Change in period | 20.66% |
| Release date | Feb 11, 2026 |
| Price on release | $56.62 |
| EPS estimate | $0.590 |
| EPS actual | $0.610 |
| EPS surprise | 3.39% |
| Date | Price |
|---|---|
| Feb 05, 2026 | $55.17 |
| Feb 06, 2026 | $57.02 |
| Feb 09, 2026 | $56.44 |
| Feb 10, 2026 | $57.33 |
| Feb 11, 2026 | $56.62 |
| Feb 12, 2026 | $52.45 |
| Feb 13, 2026 | $53.23 |
| Feb 17, 2026 | $52.59 |
| Feb 18, 2026 | $52.33 |
| 4 days before | 2.63% |
| 4 days after | -7.58% |
| On release day | -7.36% |
| Change in period | -5.15% |
| Release date | Apr 29, 2026 |
| Price on release | $52.51 |
| EPS estimate | $0.710 |
| EPS actual | $0.630 |
| EPS surprise | -11.27% |
| Date | Price |
|---|---|
| Apr 23, 2026 | $47.51 |
| Apr 24, 2026 | $49.46 |
| Apr 27, 2026 | $48.56 |
| Apr 28, 2026 | $50.16 |
| Apr 29, 2026 | $52.51 |
| Apr 30, 2026 | $50.75 |
| May 01, 2026 | $51.23 |
| May 04, 2026 | $53.53 |
| May 05, 2026 | $52.35 |
| 4 days before | 10.52% |
| 4 days after | -0.305% |
| On release day | -3.35% |
| Change in period | 10.19% |
Q2 Holdings Earnings Call Transcript Summary of Q1 2026
Q2 Holdings delivered a strong start to 2026 with revenue of $216.5M (up 14% YoY), record adjusted EBITDA of $60M (27.7% margin), and $44.2M free cash flow. Subscription revenue remains the core driver (83% of revenue) and subscription ARR grew to $802M (+14% YoY); total ARR is $945M (+12% YoY). Bookings were a highlight: record Q1 bookings including nine Tier 1/enterprise wins, a large digital-banking expansion tied to an M&A deal, and the largest fraud contract in company history. Management completed its cloud migration in January, contributing to a meaningful gross-margin step-up (Q1 gross margin 62.1%) and expanded profitability; they repurchased $97M of stock in the quarter. Q2 announced two AI product sets (Q2 Code — an AI-assisted development capability — and AI-driven fraud features for account takeover prevention), positioning Q2 as a trusted, data-rich platform for bank-grade AI. The company raised full-year 2026 guidance modestly (revenue $875M–$882M; adjusted EBITDA $237M–$242M, ~27% margin) and reiterated expectations for subscription revenue growth of at least 14% for the year. Key investor considerations: durable subscription mix and margin expansion from cloud migration, strong bookings momentum (including large, potentially multi-quarter implementations for fraud and digital banking), early-stage but monetizable AI products with evolving pricing models and unit economics, and execution risk around implementations and timing of revenue recognition from large deals.
