In the present report, an upgrade of a MATLAB graphical user interface (GUI) toolbox for implementing second-order multivariate calibration models is presented, named Multivariate Calibration 2 (MVC2). Due to the advances in the chemometric field, this software has undergone numerous changes since its last release in 2009. The new freely available MVC2 incorporates novel features and models that make it a very practical tool for data processing. Overall, the current version presents different types of algorithms, designed to provide specific degrees of model flexibility for different multi-way data scenarios: in addition to trilinear decomposition (TLD) and residual bilinearization (RBL) models, which were previously included in the 2009 version, parallel factor analysis 2 (PARAFAC2) and multivariate curve resolution (MCR) methods are now available. All these chemometric methodologies are integrated in the software for quantitative purposes, and if needed, they permit to exploit the so-called analytical second-order advantage. The program offers practical tools for data loading and visualization, model development and validation, and prediction in unknown samples. The software output also includes a comprehensive report on the analytical figures of merit (AFOMs) applicable to second-order calibration models. Specifically, a tool was incorporated for the diagnosis of the remaining rotational ambiguity in the MCR solutions. In the present report, the new features of MVC2 are illustrated through simulated examples and real calibration datasets.