Q2 (QTWO) Revenue & Revenue Breakdown
Q2 Revenue Highlights
Latest Revenue (Y)
$624.62M
Latest Revenue (Q)
$172.89M
Main Segment (Y)
Subscriptions
Q2 Revenue by Period
Q2 Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $624.62M | 10.42% |
| 2022-12-31 | $565.67M | 13.42% |
| 2021-12-31 | $498.72M | 23.83% |
| 2020-12-31 | $402.75M | 27.66% |
| 2019-12-31 | $315.48M | 30.85% |
| 2018-12-31 | $241.10M | 24.29% |
| 2017-12-31 | $193.98M | 29.13% |
| 2016-12-31 | $150.22M | 37.99% |
| 2015-12-31 | $108.87M | 37.58% |
| 2014-12-31 | $79.13M | 39.14% |
| 2013-12-31 | $56.87M | 38.37% |
| 2012-12-31 | $41.10M | 52.33% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $172.89M | 4.46% |
| 2024-03-31 | $165.51M | 2.09% |
| 2023-12-31 | $162.12M | 4.61% |
| 2023-09-30 | $154.97M | 0.28% |
| 2023-06-30 | $154.53M | 1.00% |
| 2023-03-31 | $153.01M | 4.41% |
| 2022-12-31 | $146.54M | 1.24% |
| 2022-09-30 | $144.75M | 3.17% |
| 2022-06-30 | $140.31M | 4.65% |
| 2022-03-31 | $134.07M | 1.65% |
| 2021-12-31 | $131.89M | 4.07% |
| 2021-09-30 | $126.74M | 2.56% |
| 2021-06-30 | $123.57M | 6.05% |
| 2021-03-31 | $116.52M | 6.91% |
| 2020-12-31 | $108.99M | 4.99% |
| 2020-09-30 | $103.80M | 6.38% |
| 2020-06-30 | $97.58M | 5.63% |
| 2020-03-31 | $92.38M | 6.38% |
| 2019-12-31 | $86.84M | 8.96% |
| 2019-09-30 | $79.70M | 2.65% |
| 2019-06-30 | $77.65M | 8.91% |
| 2019-03-31 | $71.30M | 6.13% |
| 2018-12-31 | $67.18M | 10.96% |
| 2018-09-30 | $60.54M | 3.36% |
| 2018-06-30 | $58.57M | 6.87% |
| 2018-03-31 | $54.81M | 6.01% |
| 2017-12-31 | $51.70M | 3.17% |
| 2017-09-30 | $50.12M | 5.23% |
| 2017-06-30 | $47.63M | 6.94% |
| 2017-03-31 | $44.53M | 5.64% |
| 2016-12-31 | $42.16M | 10.05% |
| 2016-09-30 | $38.30M | 6.39% |
| 2016-06-30 | $36.01M | 6.65% |
| 2016-03-31 | $33.76M | 11.02% |
| 2015-12-31 | $30.41M | 8.53% |
| 2015-09-30 | $28.02M | 6.60% |
| 2015-06-30 | $26.28M | 8.80% |
| 2015-03-31 | $24.16M | 9.07% |
| 2014-12-31 | $22.15M | 5.52% |
| 2014-09-30 | $20.99M | 9.56% |
| 2014-06-30 | $19.16M | 13.81% |
| 2014-03-31 | $16.83M | 7.44% |
| 2013-12-31 | $15.67M | 9.38% |
| 2013-09-30 | $14.32M | 2.00% |
| 2013-06-30 | $14.04M | 9.43% |
| 2013-03-31 | $12.83M | 7.40% |
| 2012-12-31 | $11.95M | - |
Q2 generated $172.89M in revenue during Q2 2024, up 4.46% compared to the previous quarter, and up 112.99% compared to the same period a year ago.
Q2 Revenue Breakdown
Q2 Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| 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 |
| Subscriptions | $475.94M | $412.04M | $361.09M | $286.96M | $221.98M |
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/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Transactional Services | $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 | $12.26M |
| Product and Service, Other | $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 | $11.29M |
| Subscriptions | $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 | $56.14M |
Q2's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Subscriptions (78.70%), Product and Service, Other (11.42%), and Transactional Services (9.88%).
Q2 Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| GBTG | Global Business Travel Group | $2.29B | $625.00M |
| PCTY | Paylocity | $1.40B | $362.96M |
| PYCR | Paycor HCM | $654.95M | $187.02M |
| QTWO | Q2 | $624.62M | $172.89M |
| APPF | AppFolio | $620.45M | $205.73M |
| BL | BlackLine | $590.00M | $160.51M |
| CWAN | Clearwater Analytics | $368.17M | $106.79M |
| PRO | PROS | $303.71M | $82.70M |
| MLNK | MeridianLink | $303.62M | $78.68M |
| ALKT | Alkami | $264.83M | $85.91M |
| AGYS | Agilysys | $237.46M | $68.28M |
| ENFN | Enfusion | $174.53M | $49.45M |
| LAW | CS Disco | $138.09M | $36.01M |
| AMSWA | American 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 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). The company'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). QTWO's quarterly revenue for Q4 2023 was $162.12M, a 4.61% increase from the previous quarter (Q3 2023), and a 10.63% increase year-over-year (Q4 2022).
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 Transactional Services, Product and Service, Other, and Subscriptions. 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. Subscriptions generated $475.94M in revenue, accounting 76.20% of the company's total revenue, up 15.51% 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.