You can use split, then direct the column yearto intand, if necessary, add Qto the column Q:
df = pd.DataFrame({'date':['2015Q1','2015Q2']})
print (df)
date
0 2015Q1
1 2015Q2
df[['year','q']] = df.date.str.split('Q', expand=True)
df.year = df.year.astype(int)
df.q = 'Q' + df.q
print (df)
date year q
0 2015Q1 2015 Q1
1 2015Q2 2015 Q2
Also you can use Period:
df['date'] = pd.to_datetime(df.date).dt.to_period('Q')
df['year'] = df['date'].dt.year
df['quarter'] = df['date'].dt.quarter
print (df)
date year quarter
0 2015Q1 2015 1
1 2015Q2 2015 2
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