BILL Research | Milton Maxwell

BILL

BILL Holdings, Inc.

54.21

+0.04+0.07%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q2 '26

AI moat defense dominates Q&A

2/4/26Feb 4, 2026

Q&A brushed off AI disruption worries, as Rene hammered BILL's defenses: $1T payment data, ironclad trust, and an 8M-entity network no startup can match. Green shoots emerged in construction, manufacturing, advertising, and retail, fueling volume beats and guiding low-20% Spend & Expense growth. Management detailed a multi-year cost push—geo shifts, AI efficiencies—for FY27 margin tailwinds, while pricing hikes showed sticky uptake with low churn. AI moat holds firm. Investors watch vertical trends and Embed ramps.

Key Stats

Market Cap

5.44B

P/E (TTM)

Basic EPS (TTM)

-0.18

Dividend Yield

Recent Filings

10-Q

Q2 FY2026 results

2/6/26Feb 6, 2026

BILL Holdings posted Q2 FY2026 revenue of $414.7M, up 14% y/y and 13% q/q (derived), driven by 17% y/y growth in subscription and transaction fees to $375.1M while interest on customer funds dipped 8% y/y to $39.5M. Gross profit climbed 12% y/y to $331.1M (79.8% margin), but operating loss narrowed just 17% y/y to $18.1M amid 17% y/y sales/marketing jump to $155.4M from rewards expense. Cash equivalents rose to $1.1B with $330M drawn on revolvers (6/7% rates, compliant covenants); operating cash flow hit $202.2M YTD (FCF $173.4M derived). Non-GAAP metrics not disclosed in the 10-Q. Markets stay brutally competitive.

8-K

BILL Q2 revenue beats

2/5/26Feb 5, 2026

BILL Holdings reported Q2 FY26 results on February 5, 2026, with total revenue of $414.7M up 14% year-over-year and core revenue of $375.1M surging 17%. Non-GAAP operating income hit $74.1M, up 18%, while repurchasing $133M in shares. Core growth accelerates. Q3 guides total revenue to $397.5-407.5M.

8-K

Director Wagonfeld resigns

1/26/26Jan 26, 2026

BILL Holdings director Alison Wagonfeld notified her resignation from the board effective February 6, 2026, following the January 20 event date. No disagreements over operations, policies, or practices prompted the move. Board loses one member cleanly.

8-K

Finance SVP resigns

12/16/25Dec 16, 2025

BILL Holdings' SVP of Finance & Accounting, Germaine Cota, resigned effective January 16, 2026, announced December 11, 2025. No successor named yet. Leadership shift hits finance team amid routine operations.

8-K

Annual meeting votes pass

12/11/25Dec 11, 2025

BILL Holdings stockholders at the December 11, 2025 annual meeting elected Natalie Derse, David Hornik, Beth Johnson, and Allie Kline as directors until 2028, with strong support except for Kline facing notable withheld votes. They ratified PricewaterhouseCoopers as auditors for fiscal 2026. Say-on-pay passed handily. Routine wins, no drama.

About

BILL Holdings, Inc. provides financial operations platform for small and midsize businesses worldwide. It 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 back-office efficiency. The company 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 provider 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.

CEO

Mr. Rene A. Lacerte

IPO

12/12/2019

Website

https://www.bill.com

Employees

2,364

Sector

Technology

Industry

Software - Application