Q2 Holdings (QTWO) — Free Cash Flow Generation Index

Latest as of June 2026: 0.97x

Q2 Holdings (QTWO) has a Free Cash Flow Generation Index of 0.97x as of June 2026. Free cash flow of $58.95 Million represents 1% of operating cash flow ($60.65 Million). Explore QTWO capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.

FCF Generation Index

0.97x
Free Cash Flow / Operating CF

Free Cash Flow

$58.95 Million
USD

Operating Cash Flow

$60.65 Million
USD

Capital Expenditures

$1.70 Million
USD

Q2 Holdings Free Cash Flow Generation Index (2015–2025)

Historical FCF Generation Index trend for Q2 Holdings across 10 annual periods. For the full cash flow conversion analysis, see how efficiently does Q2 Holdings generate cash.

Annual Free Cash Flow Generation for Q2 Holdings (2015–2025)

Year-by-year Free Cash Flow Generation Index for Q2 Holdings. Check total reinvestment intensity of Q2 Holdings to assess the company's total reinvestment commitment from operating cash flow.

Year FCG Index Free Cash Flow (USD) Operating CF Capital Expenditures YoY Change
2025 0.97x $194.65 Million $201.46 Million $6.81 Million ▲ +1.6%
2024 0.95x $129.06 Million $135.75 Million $6.69 Million ▲ +68.5%
2023 0.56x $39.65 Million $70.29 Million $30.64 Million ▲ +217.0%
2022 0.18x $6.50 Million $36.56 Million $30.05 Million ▲ +1.1%
2021 0.18x $5.47 Million $31.09 Million $25.62 Million ▲ +100.7%
2019 -24.26x $-13.76 Million $567.00K $14.32 Million ▼ -1176.3%
2018 -1.90x $-8.74 Million $4.59 Million $13.33 Million ▼ -372.3%
2017 -0.40x $-3.81 Million $9.47 Million $13.29 Million ▲ +90.2%
2016 -4.12x $-13.97 Million $3.39 Million $17.36 Million ▼ -988.3%
2015 -0.38x $-2.04 Million $5.40 Million $7.44 Million
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).