BILL Holdings, Inc.
NYSE•BILL
CEO: Mr. Rene A. Lacerte
Sector: Technology
Industry: Software - Application
Listing Date: 2019-12-12
BILL Holdings, Inc. provides financial operations platform for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable businesses to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency. It also offers onboarding implementation support, and ongoing support and training services. In addition, the company's artificial intelligence enabled financial software platform provides connections between suppliers and clients. It serves accounting firms, financial institutions, and software companies. The company was formerly known as Bill.com Holdings, Inc. and changed its name to BILL Holdings, Inc. in February 2023. BILL Holdings, Inc. was incorporated in 2006 and is headquartered in San Jose, California.
Contact Information
Market Cap
$4.00B
P/E (TTM)
-167.2
34.3
Dividend Yield
--
52W High
$57.21
52W Low
$35.46
52W Range
Rank60Top 89.2%
2.1
F-Score
Modified Piotroski Analysis
Based on 8-year fundamentals
Weak • 2.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2018-2025
Financial Dashboard
Q2 2026 Data
Revenue
$414.67M+0.00%
4-Quarter Trend
EPS
-$0.03+0.00%
4-Quarter Trend
FCF
$103.83M+0.00%
4-Quarter Trend
2026 Q2 Earnings Highlights
Key Highlights
Revenue Growth Driven By Transactions Total revenue $810.4M (6M 2025), up 12%. Transaction fees increased 18% to $590.2M, offsetting interest income decline.
Platform Scale Continues Expansion Businesses using solutions reached 498,500 as of December 31, 2025. Total Payment Volume grew 12% to $184.4B.
Operating Loss Widened Significantly Operating loss reached $(38.8)M (6M 2025), a 32% increase in loss magnitude from $(29.4)M prior period.
Strong Operating Cash Generation Net cash provided by operating activities was $202.2M for six months, an increase of $34.9M year-over-year.
Risk Factors
Gross Margin Compression Noted Gross margin decreased to 80.2% from 81.8% due to higher service costs and increased amortization of capitalized software.
Increased Operating Expense Burden Operating expenses rose 11% to $688.6M (6M 2025), driven by 18% growth in Sales and Marketing spending.
Debt Service Obligations Remain High Outstanding debt includes $1.4B in 2030 Notes, impacting future financial flexibility and potential cash settlement requirements.
Credit Risk Exposure Elevated Provision for expected credit losses on acquired card receivables increased due to portfolio growth and rising delinquencies.
Outlook
Cost Reduction Restructuring Efforts Announced reduction in force impacting 6% of employees to improve agility and drive greater profitability moving forward.
Investing in Artificial Intelligence Launched BILL AI agents for W-9 collection and reconciliation; expect continued significant investment in AI technology development.
Partner Ecosystem Expansion Focus Strategy emphasizes expanding direct-to-SMB sales and deepening relationships with financial institution and software partners.
Future Capital Needs Uncertain May seek additional capital via equity or debt to fund operations, though future financing terms are not assured.
Peer Comparison
Revenue (TTM)
$2.66B
$1.76B
$1.55B
Gross Margin (Latest Quarter)
80.7%
79.8%
77.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| CWAN | $6.86B | -173.3 | -2.2% | 29.1% |
| OS | $6.33B | -89.1 | -10.9% | 1.4% |
| FROG | $5.25B | -72.6 | -8.5% | 1.4% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.0%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Apr 30, 2026
EPS:$0.55
|Revenue:$403.48M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data