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Q2 Holdings inc   (QTWO)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $49.4300 $0.99 2.044%
Day's High: $49.6797 Week Perf: -1.14 %
Day's Low: $ 48.16 30 Day Perf: 12.96 %
Volume (M): 592 52 Wk High: $ 50.46
Volume (M$): $ 29,282 52 Wk Avg: $33.97
Open: $48.79 52 Wk Low: $21.21



 Market Capitalization (Millions $) 2,886
 Shares Outstanding (Millions) 58
 Employees 844
 Revenues (TTM) (Millions $) 624
 Net Income (TTM) (Millions $) -65
 Cash Flow (TTM) (Millions $) 32
 Capital Exp. (TTM) (Millions $) 31

Q2 Holdings Inc

Q2 is a leading provider of secure, cloud-based digital banking solutions. We enable regional and community financial institutions, or RCFIs, to deliver a robust suite of integrated digital banking services to more effectively engage with their consumer and commercial account holders who expect to bank anytime, anywhere and on any device. Our solutions are often the most frequent point of interaction between our RCFI customers and their account holders. As such, we purpose build our solutions to deliver a compelling, consistent user experience across digital channels and drive the success of our customers by extending their local brands, enabling improved account holder retention and creating incremental sales opportunities.

Our founding team has provided software solutions to the RCFI market for over 25 years, and they started Q2 with the mission of using technology to help RCFIs succeed and strengthen the communities they serve. We leverage our deep domain expertise to develop highly-secure digital banking solutions designed to help our customers compete in the complex and heavily-regulated financial services industry. We internally design and develop our solutions around a common platform that tightly integrates our solutions with each other and with our customers internal and third-party systems. This integrated approach delivers to account holders a unified and robust digital banking experience across online, mobile and voice channels and allows for close, lasting relationships. We design our solutions and data center infrastructure to comply with the stringent security and technical regulations applicable to financial institutions and safeguard our customers and their account holders.


The RCFI market includes approximately 11,500 banks and credit unions that compete to provide financial services in the U.S. RCFIs have historically sought to differentiate themselves and create account holder loyalty by providing localized, in-branch banking services and serving as centers of commerce and influence in their communities. However, account holders increasingly engage with their financial services providers across digital channels rather than in physical branches, making it easier for account holders to access competitive financial services and more difficult for RCFIs to maintain account holder loyalty. Innovation in financial services technologies, the proliferation of mobile and tablet devices and evolving consumer expectations for new financial services and modern and intuitive user experiences are pressuring RCFIs to deliver advanced digital banking and other financial services to successfully compete and grow. RCFIs are increasingly considering new ways to complement their digital banking services with innovative financial services, including developing their own applications integrated with their digital banking services and partnering with financial technology companies.


RCFIs, unlike larger national banks, typically operate without all of the resources and personnel required to effectively deploy, manage and enhance their own internally-developed digital banking offerings. In addition, RCFIs are required to spend increasing amounts of time and money complying with rapidly changing federal and state rules and regulations and frequent examinations by regulatory agencies. As a result, RCFIs are challenged to satisfy account holder expectations and compete effectively in what has become a complex and dynamic environment. These challenges often cause RCFIs to rely on disparate, third-party and internally-developed point solutions to deliver digital banking services. However, many of these solutions provide limited features and functionality or can be expensive and time-intensive to implement, maintain and upgrade.
Based on our current prices and digital banking solutions, we believe that the RCFI market is greater than $3.5 billion annually. Our current Q2 platform customers represent approximately 3% of the 11,420 federally-insured RCFIs in the U.S. with less than $50 billion in assets. We believe we can capture an increasing portion of the IT spend among RCFIs as we continue to grow our customer base and introduce new solutions.


Our software-as-a-service, or SaaS, delivery model is designed to scale with our RCFI customers as they add account holders on our solutions and expand the breadth of digital banking services they offer. Our SaaS delivery model is also designed to reduce the cost and complexity of implementing, maintaining and enhancing the digital banking services our RCFI customers provide to their account holders. Our solutions allow RCFIs the flexibility to configure the solutions to function in a manner that is consistent with their specific workflows, processes and controls and personalize the experiences they deliver to their account holders by extending the services and local character of their branches across digital channels.


We primarily sell subscriptions to our cloud-based solutions through our direct sales organization and recognize the related revenues over the terms of our customer agreements. The initial term of our Q2 platform customer agreements averages over five years, although it varies by customer. Our revenues increase as we add new customers and sell additional solutions to existing customers and as our customers increase the number of account holders on our solutions. We earn additional revenues based on the number of transactions that account holders perform on our digital banking solutions. We support the efforts of our sales organization through a network of key association partners, such as the American Bankers Association, National Association for Federally Insured Credit Unions, Texas Bankers Association and Western Bankers Association.



   Company Address: 10355 Pecan Park Boulevard Austin 78729 TX
   Company Phone Number: 444-3469   Stock Exchange / Ticker: NYSE QTWO
   


Customers Net Income fell by QTWO's Customers Net Profit Margin fell to

-38.76 %

14.64 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ACIW   -1.43%    
ALKT   -2.41%    
MLNK        1.01% 
AXP   -0.75%    
BAC        0.14% 
C        2.05% 
• View Complete Report
   



Product Service News

Monex USA Partners with Q2's Digital Banking Platform, Revamping Financial Services Through Global Payments and Risk-Hedging Solutions

Published Wed, Feb 28 2024 2:36 PM UTC

Monex USA Integrates with Q2's Digital Banking Platform to Provide Global Payments and Risk-Hedging SolutionsMonex USA, a well-established specialist in global payments, corporate FX, and currency risk hedging services, has made an exciting announcement regarding its integration with Q2's Digital Banking Platform. The partnership has been made possible through the Q2 Partner...

Q2 Holdings Inc

A Closer Look at Q2 Holdings Inc's Strong Financial Performance and Successful Collaborations

Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for financial services, has announced its fourth quarter and full year results ending December 31, 2023. The company reported a revenue of $162.1 million for the fourth quarter, reflecting an 11 percent increase year-over-year and a 5 percent increase from the previous quarter's revenue. The full-year revenue for 2023 was $624.6 million, showing a 10 percent growth compared to the previous year.
Q2 Holdings, Inc. has been making headlines recently due to its successful partnership with FAIRWINDS Credit Union. The collaboration aimed at enhancing the credit union's business member digital experience, resulting in a remarkable surge of over 80 percent in business member enrollment. The implementation of Q2's cutting-edge digital banking platform and suite of powerful tools contributed to a staggering growth rate of more than 200 percent in ACH transactions for FAIRWINDS. By leveraging Q2's advanced Centrix Exact/TMS Positive Pay and other digital tools, FAIRWINDS improved its operations and overall experience for business members, leading to increased enrollment and benefiting more businesses.

Product Service News

Q2 Empowers FAIRWINDS Credit Union and Wave: Fueling Digital Transformation and Commercial Success Amidst Rising Demand

Published Thu, Feb 15 2024 3:00 PM UTC

Q2 Partnerships Propel FAIRWINDS Credit Union's Digital Transformation and Commercial SuccessIn a bid to enhance its business member digital experience, FAIRWINDS Credit Union (FAIRWINDS) has teamed up with Q2 Holdings, Inc., a leading provider of digital transformation solutions for financial services. The collaboration has proven fruitful for FAIRWINDS, as it witnessed a r...

Product Service News

Firstrust Bank Expands Partnership with Q2 Holdings to Uphold Customer Experience and Drive Deposit Growth

Published Tue, Feb 13 2024 3:00 PM UTC

In a bid to enhance customer engagement, drive deposit growth, and modernize its digital account onboarding experience, Firstrust Bank has chosen Q2 ClickSWITCH - a pioneering digital account switching software-as-a-service (SaaS) solution - as part of its expanded partnership with Q2 Holdings. This move comes as Q2 Holdings Inc, a digital transformation solutions provider f...

Product Service News

Wave and Q2 Holdings Join Forces to Revolutionize Expense Management for Small Businesses

Published Thu, Feb 8 2024 3:00 PM UTC

Wave, the one-stop money management solution for small business owners, has partnered with Q2 Holdings, Inc. to enhance its digital receipt management solutions for small businesses. Wave aims to provide its customers with a streamlined and intuitive approach to managing expenses, while also gaining deeper insights into their financial data. As a leading provider of digital ...






 

Q2 Holdings Inc's Segments
 
 
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Q2 Holdings Inc does not provide revenue guidance.

Earnings Outlook
Q2 Holdings inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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