AVDX vs. QTWO

Last updated Jun 9, 2026

AVDX (AvidXchange Holdings, Inc.) and QTWO (Q2 Holdings, Inc.) are both stocks. Both are in the Technology sector — AVDX in Software - Infrastructure, QTWO in Software - Application. At a 0.50 correlation, their price movements are largely independent.

Performance

AVDX vs. QTWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AvidXchange Holdings, Inc. (AVDX) and Q2 Holdings, Inc. (QTWO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AVDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QTWO

• 1D: -1.95%
• 1M: -10.59%
• YTD: -37.89%
• 6M: -39.02%
• 1Y: -50.89%
• 3Y*: 17.10%
• 5Y*: -13.94%
• 10Y*: 5.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVDX vs. QTWO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVDX AvidXchange Holdings, Inc.	0.00%	-3.29%	-16.55%	24.65%	-34.00%	-39.62%
QTWO Q2 Holdings, Inc.	-37.89%	-28.31%	131.86%	61.56%	-66.18%	2.98%

Correlation

The correlation between AVDX and QTWO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021	0.50

Over the past year, the correlation between AVDX and QTWO has dropped to 0.20 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Fundamentals

Market Cap AVDX : $2.07B QTWO : $3.03B
EPS AVDX : -$0.04 QTWO : $1.07
PS Ratio AVDX : 4.63 QTWO : 3.76
PB Ratio AVDX : 3.01 QTWO : 4.96
Total Revenue (TTM) AVDX : $446.72M QTWO : $821.58M
Gross Profit (TTM) AVDX : $323.96M QTWO : $456.61M
EBITDA (TTM) AVDX : $36.84M QTWO : $105.55M

Return for Risk

AVDX vs. QTWO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QTWO

QTWO Risk / Return Rank: 4
QTWO Sharpe Ratio Rank: 3
QTWO Sortino Ratio Rank: 3
QTWO Omega Ratio Rank: 4
QTWO Calmar Ratio Rank: 3
QTWO Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVDX vs. QTWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AvidXchange Holdings, Inc. (AVDX) and Q2 Holdings, Inc. (QTWO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AVDX	QTWO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.16	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.28	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.21	—

Drawdowns

Drawdown Indicators

	AVDX	QTWO	Difference
Max Drawdown Largest peak-to-trough decline	—	-85.77%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-53.08%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-59.68%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-80.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-85.77%	—
Current Drawdown Current decline from peak	—	-69.45%	—
Average Drawdown Average peak-to-trough decline	—	-30.20%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	33.84%	—

Volatility

Volatility by Period

	AVDX	QTWO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	44.22%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	50.12%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	44.29%	—

Dividends

AVDX vs. QTWO - Dividend Comparison

Neither AVDX nor QTWO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

AVDX vs. QTWO - Profitability Comparison

The chart below illustrates the profitability comparison between AvidXchange Holdings, Inc. and Q2 Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AVDX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AvidXchange Holdings, Inc. reported a gross profit of 79.62M and revenue of 110.57M. Therefore, the gross margin over that period was 72.0%.

QTWO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Q2 Holdings, Inc. reported a gross profit of 127.91M and revenue of 216.51M. Therefore, the gross margin over that period was 59.1%.

AVDX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AvidXchange Holdings, Inc. reported an operating income of -12.41M and revenue of 110.57M, resulting in an operating margin of -11.2%.

QTWO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Q2 Holdings, Inc. reported an operating income of 27.69M and revenue of 216.51M, resulting in an operating margin of 12.8%.

AVDX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AvidXchange Holdings, Inc. reported a net income of -9.46M and revenue of 110.57M, resulting in a net margin of -8.6%.

QTWO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Q2 Holdings, Inc. reported a net income of 26.64M and revenue of 216.51M, resulting in a net margin of 12.3%.

Frequently Asked Questions

Can I hold both AVDX and QTWO in my portfolio?

AVDX and QTWO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.