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Q2 (QTWO) Revenue & Revenue Breakdown

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Q2 Revenue Highlights

Latest Revenue (Y)

$624.62M

Latest Revenue (Q)

$175.02M

Main Segment (Y)

Subscriptions

Q2 Revenue by Period

Q2 Revenue by Year

DateRevenueChange
2023-12-31$624.62M10.42%
2022-12-31$565.67M13.42%
2021-12-31$498.72M23.83%
2020-12-31$402.75M27.66%
2019-12-31$315.48M30.85%
2018-12-31$241.10M24.29%
2017-12-31$193.98M29.13%
2016-12-31$150.22M37.99%
2015-12-31$108.87M37.58%
2014-12-31$79.13M39.14%
2013-12-31$56.87M38.37%
2012-12-31$41.10M52.33%
2011-12-31$26.98M-

Q2 generated $624.62M in revenue during NA 2023, up 10.42% compared to the previous quarter, and up 259.07% compared to the same period a year ago.

Q2 Revenue by Quarter

DateRevenueChange
2024-09-30$175.02M1.23%
2024-06-30$172.89M4.46%
2024-03-31$165.51M2.09%
2023-12-31$162.12M4.61%
2023-09-30$154.97M0.28%
2023-06-30$154.53M1.00%
2023-03-31$153.01M4.41%
2022-12-31$146.54M1.24%
2022-09-30$144.75M3.17%
2022-06-30$140.31M4.65%
2022-03-31$134.07M1.65%
2021-12-31$131.89M4.07%
2021-09-30$126.74M2.56%
2021-06-30$123.57M6.05%
2021-03-31$116.52M6.91%
2020-12-31$108.99M4.99%
2020-09-30$103.80M6.38%
2020-06-30$97.58M5.63%
2020-03-31$92.38M6.38%
2019-12-31$86.84M8.96%
2019-09-30$79.70M2.65%
2019-06-30$77.65M8.91%
2019-03-31$71.30M6.13%
2018-12-31$67.18M10.96%
2018-09-30$60.54M3.36%
2018-06-30$58.57M6.87%
2018-03-31$54.81M6.01%
2017-12-31$51.70M3.17%
2017-09-30$50.12M5.23%
2017-06-30$47.63M6.94%
2017-03-31$44.53M5.64%
2016-12-31$42.16M10.05%
2016-09-30$38.30M6.39%
2016-06-30$36.01M6.65%
2016-03-31$33.76M11.02%
2015-12-31$30.41M8.53%
2015-09-30$28.02M6.60%
2015-06-30$26.28M8.80%
2015-03-31$24.16M9.07%
2014-12-31$22.15M5.52%
2014-09-30$20.99M9.56%
2014-06-30$19.16M13.81%
2014-03-31$16.83M7.44%
2013-12-31$15.67M9.38%
2013-09-30$14.32M2.00%
2013-06-30$14.04M9.43%
2013-03-31$12.83M7.40%
2012-12-31$11.95M-

Q2 generated $175.02M in revenue during Q3 2024, up 1.23% compared to the previous quarter, and up 113.26% compared to the same period a year ago.

Q2 Revenue Breakdown

Q2 Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Subscriptions$475.94M$412.04M$361.09M$286.96M$221.98M
Transactional Services$65.42M$67.37M$68.83M$55.58M$48.40M
Product and Service, Other$83.26M$86.26M$68.80M$60.21M$45.10M

Q2's latest annual revenue breakdown by segment (product or service), as of Dec 23: Subscriptions (76.20%), Product and Service, Other (13.33%), and Transactional Services (10.47%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Subscriptions$140.59M$136.06M$130.36M$125.93M$118.83M$116.00M$115.19M$108.03M$106.64M$100.78M$96.58M$95.33M$91.54M$89.15M$85.07M$76.10M$74.45M$70.17M$66.23M$61.66M
Transactional Services$16.80M$17.08M$17.05M$15.88M$16.24M$17.04M$16.26M$16.66M$15.93M$17.73M$17.05M$17.48M$17.36M$17.71M$16.28M$14.38M$14.48M$13.91M$12.82M$12.42M
Product and Service, Other$17.63M$19.75M$18.10M$20.31M$19.90M$21.50M$21.56M$21.85M$22.18M$21.79M$20.44M$19.08M$17.84M$16.71M$15.17M$18.51M$14.88M$13.50M$13.33M$12.77M

Q2's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Subscriptions (80.33%), Product and Service, Other (10.07%), and Transactional Services (9.60%).

Q2 Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
GBTGGlobal Business Travel Group$2.29B$597.00M
PCTYPaylocity$1.40B$362.96M
PYCRPaycor HCM$654.95M$167.48M
QTWOQ2$624.62M$175.02M
APPFAppFolio$620.45M$205.73M
BLBlackLine$590.00M$165.91M
CWANClearwater Analytics$368.17M$115.83M
PROPROS$303.71M$82.70M
MLNKMeridianLink$303.62M$80.37M
ALKTAlkami$264.83M$85.91M
AGYSAgilysys$237.46M$68.28M
ENFNEnfusion$174.53M$51.17M
LAWCS Disco$138.09M$36.27M
AMSWAAmerican Software$102.52M$26.19M

QTWO Revenue FAQ

What is Q2’s yearly revenue?

Q2's yearly revenue for 2023 was $624.62M, representing an increase of 10.42% compared to 2022. The company's yearly revenue for 2022 was $565.67M, representing an increase of 13.42% compared to 2021. QTWO's yearly revenue for 2021 was $498.72M, representing an increase of 23.83% compared to 2020.

What is Q2’s quarterly revenue?

Q2's quarterly revenue for Q3 2024 was $175.02M, a 1.23% increase from the previous quarter (Q2 2024), and a 12.94% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $172.89M, a 4.46% increase from the previous quarter (Q1 2024), and a 11.88% increase year-over-year (Q2 2023). QTWO's quarterly revenue for Q1 2024 was $165.51M, a 2.09% increase from the previous quarter (Q4 2023), and a 8.17% increase year-over-year (Q1 2023).

What is Q2’s revenue growth rate?

Q2's revenue growth rate for the last 3 years (2021-2023) was 25.25%, and for the last 5 years (2019-2023) was 97.99%.

What are Q2’s revenue streams?

Q2's revenue streams in c 23 are Subscriptions, Transactional Services, and Product and Service, Other. Subscriptions generated $475.94M in revenue, accounting 76.20% of the company's total revenue, up 15.51% year-over-year. Transactional Services generated $65.42M in revenue, accounting 10.47% of the company's total revenue, down -2.90% year-over-year. Product and Service, Other generated $83.26M in revenue, accounting 13.33% of the company's total revenue, down -3.47% year-over-year.

What is Q2’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Q2 was Subscriptions. This segment made a revenue of $475.94M, representing 76.20% of the company's total revenue.