Q2 Holdings provides cloud-based digital banking software to U.S. financial institutions, primarily regional and community banks and credit unions, but also larger banks, FinTechs, and alternative finance companies. Q2's core product is a unified SaaS platform that financial institutions use to deliver online and mobile banking experiences to retail, small business, and commercial customers — covering everything from basic account management to complex commercial transactions like ACH transfers, wires, and cash management. The platform processed over $4T in transactions across approximately 27.3M registered users in 2025. Beyond the core platform, Q2 offers adjacent products in risk and fraud detection, commercial loan and deposit relationship pricing (via PrecisionLender/Symphonix), an open API marketplace called Innovation Studio that lets FinTechs build and distribute products on top of Q2's platform, and Helix, a BaaS platform for FinTechs embedding banking products. Q2 sells primarily through a direct sales force, with initial contract terms averaging over five years. Revenue is driven by registered user growth, cross-sell of additional modules, and pricing uplifts at renewal — Q2 reported subscription net revenue retention of ~115% in FY25. Subscription revenue represented 82% of total revenue in FY25. Q2 is focused on moving upmarket toward larger Tier 1 banks, expanding within its existing customer base (only ~10% of Tier 1 customers currently use all three core product lines), and investing in AI capabilities, where Q2 argues its data on 27M+ end users gives it a differentiated position to build AI-powered banking tools.