Q2 Holdings Q3 adjusted EBITDA beats analyst expectations on margin expansion
QTWO•Q2 Holdings reported Q3 adjusted EBITDA of $67.76 million, above the $60.78 million analyst consensus, as revenue rose 12% year over year to $225.8 million. The company forecast 2026 revenue of $888 million to $892 million and adjusted EBITDA of $253 million to $256 million.
1. Quarterly results
Q2 Holdings reported Q3 adjusted EBITDA of $67.76 million, beating the $60.78 million consensus estimate from 13 analysts. Revenue rose 12% year over year to $225.8 million, net income was $33.2 million, and gross margin was 59.7%.
2. Outlook and drivers
The company expects Q4 revenue of $226 million to $230 million and adjusted EBITDA of $62.4 million to $65.4 million. For 2026, it forecast revenue of $888 million to $892 million and adjusted EBITDA of $253 million to $256 million. Q2 Holdings said solid digital banking bookings and strong early demand for its AI-driven fraud solution contributed to results; sign-ups from early adopters were about double initial expectations. It repurchased $38.8 million of shares in Q3.
