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BILL Holdings, Inc.

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
6220 America Center Drive, Suite 100, San Jose, CA, 95002, United States
650-621-7700
www.bill.com
Market Cap
$4.68B
P/E (TTM)
398.3
39.6
Dividend Yield
--
52W High
$100.19
52W Low
$36.55
52W Range
16%
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

Q1 2026 Data

Revenue

$395.74M+10.40%
4-Quarter Trend

EPS

-$0.03-135.59%
4-Quarter Trend

FCF

$82.26M+0.88%
4-Quarter Trend

2026 Q1 Earnings Highlights

Key Highlights

Revenue Growth Strong Total revenue reached $395.7M, growing 10% driven by subscription fees up 14% this period.
TPV and Transactions Up Total Payment Volume increased 12% to $89.3B; transactions processed grew 16% to 33.3M units.
Operating Cash Flow Improved Net cash from operations totaled $96.9M, showing improvement over $88.6M generated previously.
Gross Margin Compression Noted Gross margin compressed to 80.5% from 82.0% due to unfavorable mix shift in payment processing costs.

Risk Factors

Profitability Reversal Observed Reported net loss of $(3.0M) compared to $8.9M net income last period; accumulated deficit is $1.6B.
RIF and Restructuring Costs Announced 6% workforce reduction (RIF) in October 2025, incurring $9M restructuring expense this quarter.
Credit Risk Exposure Remains Credit risk persists for card receivables and loans; allowance for expected credit losses stands at $15.2M.
Competitive Market Pressure Intense competition, especially from Intuit, threatens growth and may force pricing pressure on offerings.

Outlook

Launching BILL AI Features Launched first AI agents in October 2025; anticipate launching additional AI features in the coming months.
Platform Expansion Continues Announced embed partnerships with Paychex, Oracle NetSuite, and Acumatica to extend platform reach.
Debt Obligations Remain Total debt outstanding is $1.87B, including $1.5B in convertible senior notes due through 2030.
Future Capital Needs Assessed May seek additional capital via equity or debt to fund growth, risking stockholder dilution or onerous terms.

Peer Comparison

Revenue (TTM)

WEX Inc.WEX
$2.62B
-1.1%
ACI Worldwide, Inc.ACIW
$1.73B
+7.0%
BILL Holdings, Inc.BILL
$1.50B
+11.6%

Gross Margin (Latest Quarter)

BILL Holdings, Inc.BILL
80.5%
-1.4pp
Workiva Inc.WK
79.3%
+2.8pp
JFrog Ltd.FROG
77.4%
+3.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CWAN$6.99B17.825.8%29.5%
FROG$6.73B-83.6-9.8%0.9%
OS$6.23B-53.3-19.1%1.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.0%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 5, 2026
|
EPS:$0.56
|
Revenue:$399.71M
Reports
All Years

  • Form 10-Q - Q1 2026

    Period End: Sep 30, 2025|Filed: Nov 7, 2025|
    Revenue: $395.74M+10.4%
    |
    EPS: $-0.03-135.6%
    Miss

  • Form 10-K - FY 2025

    Period End: Jun 30, 2025|Filed: Aug 28, 2025|
    Revenue: $1.46B+13.4%
    |
    EPS: $0.23+185.2%
    Miss

  • Form 10-Q - Q3 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $358.22M+10.9%
    |
    EPS: $-0.11-136.7%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Dec 31, 2024|Filed: Feb 7, 2025|
    Revenue: $362.55M+13.8%
    |
    EPS: $-0.06-83.8%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $358.45M+17.5%
    |
    EPS: $0.08-132.4%
    Miss

  • Form 10-K - FY 2024

    Period End: Jun 30, 2024|Filed: Aug 23, 2024|
    Revenue: $1.29B+21.9%
    |
    EPS: $-0.27+87.2%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $323.03M+18.5%
    |
    EPS: $0.30-203.4%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Dec 31, 2023|Filed: Feb 9, 2024|
    Revenue: $318.50M+22.5%
    |
    EPS: $-0.38-57.8%
    Miss