Q2 Holdings (QTWO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 354,481 | 302,651 | 256,345 | 225,035 | 174,599 |
| Revenue | US$ in thousands | 696,464 | 624,624 | 565,673 | 498,720 | 402,751 |
| Gross profit margin | 50.90% | 48.45% | 45.32% | 45.12% | 43.35% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $354,481K ÷ $696,464K
= 50.90%
Peer comparison
Dec 31, 2024
Company name
Symbol
Gross profit margin
Q2 Holdings
QTWO
50.90%
Bentley Systems Inc
BSY
80.95%
Guidewire Software Inc
GWRE
62.54%