Q2 Quarterly Income Statement
NYSE: QTWOTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Q2 revenue and earnings
In the quarter ended Jun 30, 2026, Q2 generated $219.8 million in revenue, up 12.6% from the same quarter a year earlier. Net income was $29.9 million (+153.8% year over year), for a net margin of 13.6% versus a median of 7.5% in the prior 5 quarters. Gross margin was 59.2% (up from 53.6%) and operating margin 13.4%.
Diluted earnings per share came in at $0.46, up from $0.18.
Summary generated from market data by MetaCap's automated system. Methodology
Q2 income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 219.76M | 216.51M | 208.22M | 201.70M | 195.15M | 189.74M | 183.04M | 175.02M | 172.89M | 165.51M | 162.12M | 154.97M |
| Revenue growth (YoY) | +12.61% | +14.11% | +13.75% | +15.25% | +12.87% | +14.64% | +12.91% | +12.94% | +11.88% | +8.17% | +10.63% | +7.06% |
| Cost of Revenue | 89.56M | 88.59M | 92.94M | 92.86M | 90.58M | 88.75M | 86.70M | 85.96M | 86.06M | 83.26M | 80.72M | 80.83M |
| Gross Profit | 130.20M | 127.91M | 115.28M | 108.84M | 104.56M | 100.99M | 96.34M | 89.06M | 86.83M | 82.25M | 81.39M | 74.13M |
| Operating Expenses | 100.86M | 100.22M | 98.42M | 97.84M | 94.72M | 98.80M | 97.92M | 101.86M | 100.53M | 96.44M | 99.41M | 97.31M |
| Research & Development | 41.12M | 41.88M | 40.63M | 38.93M | 36.91M | 37.85M | 35.72M | 36.90M | 35.76M | 34.86M | 34.27M | 34.54M |
| Selling, General & Admin | 59.01M | 57.91M | 56.34M | 58.11M | 58.07M | 58.85M | 57.20M | 57.05M | 59.02M | 55.62M | 56.84M | 54.21M |
| Operating Income | 29.34M | 27.69M | 16.86M | 11.00M | 9.84M | 2.19M | -1.57M | -12.80M | -13.70M | -14.19M | -18.02M | -23.17M |
| Interest Expense | 787.00K | 996.00K | — | — | 1.25M | 1.26M | — | — | — | — | — | — |
| Other Income (Expense) | 2.38M | 2.06M | 3.92M | 4.20M | 3.66M | 3.05M | 3.51M | 3.26M | 2.73M | 1.90M | 2.00M | 1.01M |
| Pretax Income | 31.72M | 29.75M | 20.78M | 15.21M | 13.50M | 5.24M | 1.94M | -9.54M | -10.97M | -12.29M | -16.02M | -22.16M |
| Income Tax | 1.86M | 3.11M | 337.00K | 160.00K | 1.73M | 487.00K | 1.77M | 2.26M | 2.09M | 1.55M | 2.06M | 1.01M |
| Net Income | 29.86M | 26.64M | 20.44M | 15.05M | 11.76M | 4.75M | 164.00K | -11.80M | -13.06M | -13.84M | -18.08M | -23.17M |
| Net Income growth (YoY) | +153.81% | +460.47% | +12365.24% | — | — | — | — | — | — | — | — | — |
| EPS (Basic) | 0.48 | 0.43 | 0.33 | 0.24 | 0.19 | 0.08 | 0.01 | -0.20 | -0.22 | -0.23 | -0.30 | -0.40 |
| EPS (Diluted) | 0.46 | 0.40 | 0.32 | 0.23 | 0.18 | 0.07 | 0.01 | -0.20 | -0.22 | -0.23 | -0.30 | -0.40 |
| Shares Outstanding (Basic) | 62.49M | 62.34M | — | 62.46M | 62.35M | 61.22M | — | 60.31M | 60.16M | 59.45M | — | 58.49M |
| Shares Outstanding (Diluted) | 65.42M | 67.65M | — | 69.86M | 69.64M | 64.82M | — | 60.31M | 60.16M | 59.45M | — | 58.49M |
| EBITDA | 41.40M | 39.43M | 29.40M | 24.62M | 23.39M | 15.91M | 14.41M | 4.85M | 3.94M | 3.34M | -74.00K | -4.89M |
| Gross Margin | 59.25% | 59.08% | 55.37% | 53.96% | 53.58% | 53.23% | 52.63% | 50.88% | 50.22% | 49.70% | 50.21% | 47.84% |
| Operating Margin | 13.35% | 12.79% | 8.10% | 5.46% | 5.04% | 115.00% | -86.00% | -7.31% | -7.93% | -8.57% | -11.11% | -14.95% |
| Net Margin | 13.59% | 12.30% | 9.82% | 7.46% | 6.03% | 2.51% | 9.00% | -6.74% | -7.55% | -8.36% | -11.15% | -14.95% |
This table shows 12 quarterly periods of Q2's income statement, from Q2 2026 back to Q3 2023, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow QTWO's reporting calendar. What is a income statement?