Q2 Holdings, Inc. Q1 2026 Earnings Recap

Q2 Holdings' shares finished up 1.2% following Q1 results that largely tracked investor expectations. The company highlighted solid revenue growth, robust bookings activity—including a record-setting fraud solution deal—and progress in AI initiatives, while maintaining a balanced outlook for the remainder of the year.

Key Takeaways

• Q1 revenue reached $216.5 million, marking 14% year-over-year growth.
• Adjusted EBITDA came in at $60 million, representing a 27.7% margin.
• Free cash flow totaled $44.2 million for the quarter.
• Bookings momentum remained strong, with 9 Tier 1 and enterprise wins, including the largest fraud deal in company history.
• Management flagged ongoing AI product development and cited sustained demand in core digital banking and risk/fraud segments.