Q2 Holdings posts 14% revenue growth, 12x operating income surge; launches $150M buyback

Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 7, 2025 · ~2 min read

Key Changes

• high

  Operating income jumped to $27.7M (12.8% margin) from $2.2M (1.2% margin) in Q1 2025, driven by revenue growth and cost discipline. Net income reached $26.6M vs $4.8M prior year, demonstrating sustained profitability and operating leverage.

  MD&A: Operating Results verify on EDGAR →
• high

  Company initiated $150M share repurchase program in October 2025, deploying $102M in Q1 2026 to buy back 1.76M shares at $55.04 average price. Approximately $47.8M remains authorized, signaling confidence in cash generation.

  Controls: Share Repurchase verify on EDGAR →
• high

  Subscription ARR grew 14.2% YoY to $802.3M; net revenue retention rate improved to 113% (from 109%), indicating stronger upsell and cross-sell momentum. Revenue churn ticked up to 5.2% from 4.4%, suggesting modest customer attrition.

  MD&A: Key Metrics verify on EDGAR →