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%