cust.co / Compare / Q2 Holdings vs Morningstar

Q2 Holdings vs Morningstar - NRR head-to-head

Side-by-side Net Revenue Retention comparison sourced from SEC filings and earnings releases. Both compete in Fintech SaaS. Both at Public stage.

Q2 Holdings (QTWO)
113.0%
FY2025-Q4 · Fintech SaaS
vs
Morningstar (MORN)
101.0%
FY-2025 · Fintech SaaS
Q2 Holdings leads by +12.0pp on latest NRR (113.0% vs 101.0%).

NRR over time

97%106%114%122%131% FY2021-Q2FY-2023FY2024-Q4FY2025-Q3FY2025-Q4FY-2021 NRR Q2 Holdings Morningstar Q2 Holdings — FY2021-Q2: 113% Q2 Holdings — FY-2022: 110% Q2 Holdings — FY-2023: 108% Q2 Holdings — FY-2024: 109% Q2 Holdings — FY2024-Q4: 109% Q2 Holdings — FY2025-Q2: 109% Q2 Holdings — FY2025-Q3: 109% Q2 Holdings — FY-2025: 113% Q2 Holdings — FY2025-Q4: 113% Morningstar — FY-2025: 101% Morningstar — FY-2021: 127%

Morningstar hit a higher all-time peak (127.0% in FY-2021).

Stat-by-stat

Metric Q2 Holdings Morningstar
Latest NRR 113.0% 101.0%
All-time peak NRR 113.0% 127.0%
All-time low NRR 108.0% 101.0%
QoQ change +0.0pp -26.0pp
YoY change +4.0pp -
3-year change - -
Disclosures tracked 9 2

How does your NRR stack up?

Compute yours in 30 seconds. Free percentile + shareable badge.

Open the calculator →