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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Q2 (QTWO) investor relations material
Q2 Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary28 Oct, 2026
Executive summary
Q3 revenue was $225.8M, up 11.9% YoY; net income was $33.2M versus $15.0M, and adjusted EBITDA was $67.8M, up 39%, with a 30.0% margin.
Revenue and adjusted EBITDA exceeded the high end of guidance; strong bookings, a healthy pipeline and early AI fraud demand supported raised FY2026 guidance.
Seven Tier 1 and Enterprise contracts were signed, with bookings led by digital banking.
Financial highlights
Q3 subscription revenue was $188.2M versus $165.2M YoY; subscription revenue grew 14% YoY and reached 83% of total revenue.
GAAP gross margin was 59.7%, versus 54.0% YoY; non-GAAP gross margin was 62.6%, versus 57.9%.
GAAP operating income was $34.0M versus $11.0M; diluted EPS was $0.52 versus $0.23.
Adjusted EBITDA was $67.8M versus $48.8M YoY; margin was 30.0% versus 24.2%.
Operating cash flow was $65M and free cash flow was $55M, up 48% YoY; nine-month free cash flow was $150.2M versus $116.8M.
Outlook and guidance
Q4 2026 revenue guidance is $226.0M–$230.0M and adjusted EBITDA guidance is $62.4M–$65.4M.
FY2026 revenue guidance was raised to $888M–$892M, representing 12% growth; adjusted EBITDA guidance was raised to $253M–$256M, or 28%–29% of revenue.
FY2026 subscription revenue growth is expected at ~14.5%; non-subscription revenue is expected to decline slightly in Q4 and be roughly flat for the year.
FY2027 targets include 12.5%–13% subscription revenue growth and 150–200 bps adjusted EBITDA margin expansion; AI revenue is not included.
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Latest events from Q2
- AI is widening banking channels and accelerating fraud protection, product delivery and adoption.QTWO
Investor update - A $23B market opportunity underpins subscription growth and FY30 margin targets.QTWOInvestor presentation
- Q2 2026 revenue up 13%, net income doubled, and guidance raised with debt-free status.QTWOQ2 2026
- All proposals, including director elections and auditor ratification, passed with strong majorities.QTWOAGM 2026
- AI integration accelerates innovation, efficiency, and competitive advantage in financial services.QTWOInvestor update
- AI innovation, platform expansion, and strong win rates drive raised financial outlook.QTWOJ.P. Morgan 54th Annual Global Technology, Media and Communications Conference
- Revenue up 13% year-over-year, net income $11.8M, and guidance raised on strong demand.QTWOQ2 2025
- Double-digit revenue growth, margin expansion, and record backlog drove a raised 2024 outlook.QTWOQ2 2024
- Record Q4 and FY24 results with 13% revenue growth, record bookings, and raised 2025 outlook.QTWOQ4 2024
Next Q2 earnings date
Q4 202610 Feb, 2027
Next Q2 earnings date
Q4 202610 Feb, 2027
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Q2 Holdings Inc provides cloud-based digital banking solutions for financial institutions. The company offers platforms for online and mobile banking, loan origination, fraud detection, and data analytics to regional and community banks and credit unions. The company is headquartered in Austin, Texas, and its shares are listed on the NYSE.