Q2 (QTWO)
Cloud software for digital banking, lending, fraud control, relationship pricing, and embedded finance.
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Sells cloud-based digital banking, lending, relationship-pricing, fraud, integration, and embedded-finance software to financial institutions and fintechs. Revenue is mainly subscription-based, with transaction and services fees, while a unified platform and one operating segment span the portfolio.
Delivers cloud-based financial-services software to banks, credit unions, fintechs, and alternative-finance providers, chiefly in the United States. The portfolio spans the Digital Banking Platform, Innovation Studio developer tools, risk and fraud solutions, digital lending and relationship pricing, and Helix core processing and banking-as-a-service. One configurable architecture connects retail, small-business, and commercial workflows with core systems and partner applications.
Most revenue comes from hosted-solution subscriptions, supplemented by transaction fees, implementation and professional services, and third-party pass-through fees. Customers can deploy individual products or expand into integrated relationships. All revenue-generating activity is reported in one segment. The model depends on secure, reliable service under financial regulation and continued access to customer core systems and third-party services.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | Piper Sandler | Initiate | Rating: —Target: $93 | Target: $82 |
| Aug 31, 2026 | RBC Capital | Reiterate | Rating: —Target: $60 | Target: $73 |
| Jul 31, 2026 | UBS | Target | Target: $77 | Target: $68 |
| Jul 30, 2026 | Needham | Reiterate | Rating: —Target: $120 | Target: $75 |
| Apr 30, 2026 | Morgan Stanley | Target | Target: $68 | Target: $63 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $106.4M · Total debt $40.9M · Total assets $968.4M · Shareholders' equity $643.5M
- Revenue
- $219.8M
- Operating income
- $29.3M
- Net income
- $29.9M
No dividends on record.
| Institutions | 107.09% | 66.78M shares | |
|---|---|---|---|
| 338 holders · as of Jun 30, 2026 | |||
| Insiders | 2.96% | 1.84M shares | |
| 15 holders · as of Sep 11, 2026 | |||
| Adds to | 110.05% | ||
62.35M company shares as of Sep 16, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 110.05%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 16.73% | 10.43M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.97% | 4.97M | as of Jun 30, 2026 |
Wasatch Advisors LPInstitution | 6.60% | 4.11M | filed Feb 11, 2022 |
Vanguard Capital Management LLCInstitution | 4.36% | 2.72M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.22% | 2.63M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | Michael S. Kerr | officer: General Counsel | −636 | $60.96 |
| Aug 13, 2026 | Jonathan Price | officer: Chief Financial Officer | −77,180 | $65.71 |
| Aug 10, 2026 | Kimberly Anne Rutledge | officer: Chief People Officer | −10,000 | $63.07 |
| Jun 10, 2026 | Kirk L. Coleman | officer: Chief Business Officer | −3,603 | $43.48 |
| May 14, 2026 | Michael S. Kerr | officer: General Counsel | −397 | $44.98 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Q2 | $56.60 | −0.47% | $3.55B | 40.6 | 18.3 | 4.2 | +12.6% |
| Alkami Technology | $14.70 | −18.77% | $1.93B | — | 15.4 | 4.0 | +15.9% |
| Fiserv | $46.10 | −0.00% | $24.58B | 8.8 | 6.3 | 1.2 | −10.0% |
| Jack Henry & Associates | $148.97 | −0.09% | $10.59B | 21.4 | 20.2 | 4.2 | +4.7% |
| FIS | $35.05 | +0.26% | $18.08B | 5.4 | 5.4 | 1.5 | +29.1% |
| nCino | $19.60 | −0.36% | $2.15B | 65.6 | 13.6 | 3.5 | +8.2% |
| Blend Labs | $1.13 | −3.85% | $283.3M | — | 28.8 | 2.2 | +7.3% |
| ACI Worldwide | $49.75 | +1.13% | $5.00B | 22.6 | 19.0 | 2.7 | +7.3% |
| Median | 21.4 | 15.4 | 2.7 | +7.3% |