[SCHEDULE 13G/A] Q2 Holdings, Inc. SEC Filing

Rhea-AI Filing Summary

BlackRock, Inc. reports beneficial ownership of 9,200,043 shares of Q2 Holdings, Inc. common stock, representing 14.7% of the class. The filing shows BlackRock holds 9,088,884 shares with sole voting power and 9,200,043 shares with sole dispositive power. The Schedule 13G/A states these securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The filing notes that iShares Core S&P Small-Cap ETF also has an interest exceeding 5% in Q2 Holdings.

Positive

• 9,200,043 shares beneficially owned by BlackRock
• 14.7% ownership of Q2 Holdings common stock reported
• 9,088,884 shares with sole voting power, indicating consolidated voting control
• Statement that shares are held in the ordinary course of business

Negative

• None.

Insights

Institutional Ownership Analyst

BlackRock holds a significant 14.7% stake in Q2 Holdings through sole voting and dispositive power.

BlackRock's reported 9,200,043 shares represent a material ownership position that must be disclosed under Schedule 13G rules. The filing specifies sole voting power for 9,088,884 shares and sole dispositive power for 9,200,043 shares, indicating consolidated control over voting and disposition of the shares it reports.

The statement that holdings are "in the ordinary course of business" clarifies BlackRock did not acquire the shares to change control, per the filing's certification. The document also identifies iShares Core S&P Small-Cap ETF as an entity with more than a 5% interest in the same issuer.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

Q2 Holdings, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

74736L109

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 74736L109

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 9,088,884.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 9,200,043.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,200,043.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.7 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Q2 Holdings, Inc.
(b)	Address of issuer's principal executive offices: 10355 PECAN PARK BOULEVARD Austin TX 78729
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 74736L109
Item 4.	Ownership
(a)	Amount beneficially owned: 9200043
(b)	Percent of class: 14.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 9088884
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 9200043
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The interest of 1 such person, iShares Core S&P Small-Cap ETF, in the common stock of Q2 Holdings, Inc. is more than five percent of the total outstanding common stock.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	10/02/2025

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

How many Q2 Holdings (QTWO) shares does BlackRock report owning?

BlackRock reports beneficial ownership of 9,200,043 shares of Q2 Holdings common stock.

What percentage of QTWO does BlackRock own according to the filing?

The filing states BlackRock beneficially owns 14.7% of Q2 Holdings' common stock.

How many shares does BlackRock have sole voting power over for QTWO?

BlackRock has sole voting power over 9,088,884 shares.

Does the filing say BlackRock intends to influence control of Q2 Holdings?

No; the certification states the securities are held in the ordinary course of business and not to change or influence control of the issuer.

Is any other entity reported with more than 5% ownership of QTWO?

Yes; the filing notes iShares Core S&P Small-Cap ETF has an interest in Q2 Holdings that exceeds 5%.