Filing Flows › Technology › Qualys (QLYS)
Qualys (QLYS) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 4, 2026 · Qualys (QLYS) Q2 2026 earnings results →
Q2 2026 Revenue up 11% year over year to $182M · 29¢ of every $1 of revenue kept as net profit · operating margin 34.0%
Qualys made $182M in Q2 2026 (+11% Y/Y). Operating margin 34.0%, net earnings $52.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 4, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $182.2M in Q2 2026, up 11% year over year and up 4% from the previous quarter.
Gross margin was 83.4%, up 1.0 points from Q2 2025. Operating profit was $61.9M, a 34.0% margin (up 2.6 points year over year). Of the extra revenue versus Q2 2025, 58% reached operating profit, above the 31% margin then. Operating expenses grew 7% against revenue growth of 11%. The fastest-growing cost line was Sales & marketing (+15%). Net earnings were $52.4M, up 11% year over year. The effective tax rate was 21.9%.
Operating cash flow was $59.6M (up 77% year over year), 114% of net earnings. Non-cash charges added back $3.1M of depreciation and amortization and $18.8M of share-based compensation. Working capital and other items used $14.7M. Capital expenditures of $3.7M left free cash flow of $55.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 4, 2026 | $182M | +11% | 34.0% | $52.4M | $59.6M |
| Q1 2026 | 10-Q | May 5, 2026 | $176M | +10% | 34.7% | $50.6M | $95.3M |
| Q4 2025 | 10-K | Feb 20, 2026 | $175M | +10% | 33.6% | $53.1M | $75.7M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $170M | +10% | 35.3% | $50.3M | $90.4M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $164M | +10% | 31.3% | $47.3M | $33.8M |
| Q1 2025 | 10-Q | May 6, 2025 | $160M | +10% | 32.4% | $47.5M | $110M |
| Q4 2024 | 10-K | Feb 21, 2025 | $159M | +10% | 31.0% | $44.0M | $47.7M |
Charts
In supply chains and themes
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Qualys
We are a leading provider of a cloud-based platform delivering information technology (IT), security and compliance solutions. Our integrated suite of IT, security and compliance solutions delivered on Qualys' Enterprise TruRisk Platform enables our customers to: 1) identify and manage their internal and external IT and operational technology (OT) assets across on-premises, endpoints, cloud, containers, and mobile environments; 2) collect and analyze large amounts of IT security data; 3) discover and prioritize vulnerabilities; 4) quantify cyber risk exposure; 5) recommend and implement remediation actions; and 6) verify the implementation of such actions. This helps organizations protect their systems and applications from ever-evolving cyber-attacks and helps achieve compliance with internal policies and external regulations.
In its own words, from its 10-K, filed Feb 20, 2026.
Qualys against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +11% against the peers' median +14%. Operating margin: 34.0% against the peers' median 20.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| QLYS Qualys | Q2 2026 | $182M | +11% | 34.0% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: Qualys 10-Q on SEC EDGAR · CIK 1107843 · Services-Prepackaged Software
Guidance and outlook
13F: who owns QLYS and who is buying
More on QLYS
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results