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

$4.00B

P/E (TTM)

-167.2

34.3

Dividend Yield

52W High

$57.21

52W Low

$35.46

52W Range

21%

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)

WEX

$2.66B

+1.2%

ACIW

$1.76B

+10.4%

BILL

$1.55B

+11.8%

Gross Margin (Latest Quarter)

80.7%

+2.8pp

BILL

79.8%

-1.4pp

FROG

77.6%

+3.6pp

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