NYSE : BILL
BILL Holdings, Inc. — Financial statements
Technology · Software - Application · United States
Last price 48.31 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.12B
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Financial statements
BILL Holdings, Inc. (BILL) reported revenue of 1.65B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 1.50B | 1.50B | 1.30B | 1.12B | 944.71M | 633.37M |
| Other Revenue | 148.41M | 148.41M | 161.77M | 167.44M | 113.76M | 8.59M |
| Revenue | 1.65B | 1.65B | 1.46B | 1.29B | 1.06B | 641.96M |
| Cost of Revenue | 265.53M | 265.53M | 229.51M | 189.61M | 151.01M | 105.04M |
| Gross Profit | 1.39B | 1.39B | 1.23B | 1.10B | 907.46M | 536.92M |
| Selling, General & Admin | 915.62M | 915.62M | 825.62M | 756.20M | 712.71M | 524.48M |
| Research & Development | 300.57M | 300.57M | 340.06M | 336.75M | 314.63M | 219.82M |
| Other Operating Expenses | 280.00K | 280.00K | 293.00K | 285.00K | 455.00K | |
| Operating Expenses | 1.37B | 1.37B | 1.31B | 1.25B | 1.15B | 850.04M |
| Operating Income | 17.45M | 17.45M | -80.60M | -146.58M | -243.57M | -313.12M |
| Interest Expense | -25.87M | -25.87M | -18.56M | -19.18M | -15.20M | -9.42M |
| Interest & Investment Income | 91.41M | 91.41M | 90.90M | 122.30M | 91.28M | 6.69M |
| Other Non Operating Income (Expenses) | -2.23M | -2.23M | -1.88M | -543.00K | -3.22M | -11.13M |
| EBT Excluding Unusual Items | 80.76M | 80.76M | -10.14M | -44.00M | -170.72M | -326.98M |
| Merger & Restructuring Charges | -90.89M | -90.89M | -27.59M | -3.70M | ||
| Other Unusual Items | 40.55M | 45.27M | -52.20M | |||
| Pretax Income | -10.13M | -10.13M | 30.41M | -26.32M | -222.92M | -330.68M |
| Income Tax Expense | 1.11M | 1.11M | 6.61M | 2.56M | 808.00K | -4.32M |
| Net Income | -11.24M | -11.24M | 23.80M | -28.88M | -223.72M | -326.36M |
| Net Income to Common | -11.24M | -11.24M | 23.80M | -28.88M | -223.72M | -326.36M |
| Shares Outstanding (Basic) | 99.92M | 99.92M | 103.57M | 106.10M | 105.98M | 101.75M |
| Shares Outstanding (Diluted) | 99.92M | 99.92M | 103.91M | 106.10M | 105.98M | 101.75M |
| EPS (Basic) | -0.11 | -0.11 | 0.23 | -0.27 | -2.11 | -3.21 |
| EPS (Diluted) | -0.11 | -0.11 | -0.07 | -0.27 | -2.11 | -3.21 |
| Free Cash Flow | 412.50M | 412.50M | 346.31M | 277.80M | 180.18M | -23.47M |
| Free Cash Flow Per Share | 4.13 | 4.13 | 3.33 | 2.62 | 1.70 | -0.23 |
| Gross Margin | 83.94% | 83.94% | 84.31% | 85.30% | 85.73% | 83.64% |
| Operating Margin | 1.05% | 1.05% | -5.51% | -11.36% | -23.01% | -48.77% |
| Profit Margin | -0.68% | -0.68% | 1.63% | -2.24% | -21.14% | -50.84% |
| Free Cash Flow Margin | 24.95% | 24.95% | 23.68% | 21.53% | 17.02% | -3.66% |
| EBITDA | 100.10M | 100.10M | -5.67M | -52.78M | -152.11M | -227.98M |
| EBITDA Margin | 6.05% | 6.05% | -0.39% | -4.09% | -14.37% | -35.51% |
| D&A For EBITDA | 82.66M | 82.66M | 74.94M | 93.79M | 91.46M | 85.14M |
| EBIT | 17.45M | 17.45M | -80.60M | -146.58M | -243.57M | -313.12M |
| EBIT Margin | 1.05% | 1.05% | -5.51% | -11.36% | -23.01% | -48.77% |
| Effective Tax Rate | 21.74% | |||||
| Revenue as Reported | 1.65B | 1.65B | 1.46B | 1.29B | 1.06B | 641.96M |
| Advertising Expenses | 45.00M | 45.00M | 47.20M | 43.60M | 39.00M | 29.40M |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.03B | 1.03B | 1.04B | 985.94M | 1.62B | 1.60B |
| Short-Term Investments | 906.46M | 906.46M | 1.18B | 601.53M | 1.04B | 1.11B |
| Cash & Short-Term Investments | 1.94B | 1.94B | 2.22B | 1.59B | 2.66B | 2.71B |
| Accounts Receivable | 842.80M | 842.80M | 717.45M | 725.26M | 486.88M | 280.44M |
| Other Receivables | 27.84M | 27.84M | 20.33M | 10.82M | 9.87M | 3.00M |
| Receivables | 870.64M | 870.64M | 737.78M | 736.09M | 496.76M | 283.44M |
| Prepaid Expenses | 75.69M | 75.69M | 80.19M | 65.00M | 63.96M | 48.12M |
| Restricted Cash | 137.63M | 137.63M | 101.62M | 174.10M | 87.32M | 85.25M |
| Other Current Assets | 4.41B | 4.41B | 4.10B | 3.75B | 3.36B | 3.16B |
| Total Current Assets | 7.44B | 7.44B | 7.24B | 6.31B | 6.67B | 6.28B |
| Property, Plant & Equipment | 73.07M | 73.07M | 87.10M | 89.95M | 107.85M | 133.43M |
| Goodwill | 2.40B | 2.40B | 2.40B | 2.40B | 2.40B | 2.36B |
| Other Intangible Assets | 281.85M | 281.85M | 308.40M | 338.97M | 404.13M | 432.58M |
| Long-Term Deferred Charges | 19.63M | 19.63M | 20.75M | 17.64M | 14.54M | 12.62M |
| Other Long-Term Assets | 11.99M | 11.99M | 12.42M | 20.93M | 39.83M | 35.11M |
| Total Assets | 10.22B | 10.22B | 10.06B | 9.18B | 9.64B | 9.26B |
| Accounts Payable | 9.64M | 9.64M | 16.29M | 7.45M | 8.52M | 9.95M |
| Accrued Expenses | 407.33M | 407.33M | 292.04M | 333.66M | 227.63M | 149.08M |
| Current Portion of Long-Term Debt | 123.06M | 123.06M | 213.43M | 135.05M | 75.10M | |
| Current Portion of Leases | 12.85M | 12.85M | ||||
| Current Unearned Revenue | 19.38M | 19.38M | 22.43M | 17.01M | 26.33M | 31.87M |
| Other Current Liabilities | 4.35B | 4.35B | 4.04B | 3.70B | 3.36B | 3.14B |
| Total Current Liabilities | 4.92B | 4.92B | 4.59B | 4.06B | 3.75B | 3.41B |
| Long-Term Debt | 1.71B | 1.71B | 1.50B | 914.00M | 1.70B | 1.70B |
| Long-Term Leases | 48.47M | 48.47M | 58.37M | 62.85M | 72.48M | 82.73M |
| Long-Term Unearned Revenue | 333.00K | 333.00K | 285.00K | 4.17M | 410.00K | 2.16M |
| Long-Term Deferred Tax Liabilities | 652.00K | 652.00K | 373.00K | 450.00K | 811.00K | |
| Other Long-Term Liabilities | 125.00K | 125.00K | 1.21M | 124.00K | 18.13M | 20.80M |
| Total Liabilities | 6.69B | 6.69B | 6.15B | 5.04B | 5.55B | 5.21B |
| Common Stock | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K |
| Additional Paid-In Capital | 5.63B | 5.63B | 5.41B | 5.23B | 4.95B | 4.60B |
| Retained Earnings | -2.09B | -2.09B | -1.51B | -1.10B | -856.17M | -544.83M |
| Comprehensive Income & Other | -6.42M | -6.42M | 10.20M | -1.89M | -4.49M | -10.22M |
| Total Common Equity | 3.53B | 3.53B | 3.91B | 4.13B | 4.09B | 4.04B |
| Shareholders' Equity | 3.53B | 3.53B | 3.91B | 4.13B | 4.09B | 4.04B |
| Total Liabilities & Equity | 10.22B | 10.22B | 10.06B | 9.18B | 9.64B | 9.26B |
| Total Debt | 1.90B | 1.90B | 1.77B | 976.85M | 1.91B | 1.86B |
| Net Cash (Debt) | 40.06M | 40.06M | 445.61M | 610.63M | 747.96M | 849.23M |
| Net Cash Per Share | 0.40 | 0.40 | 4.29 | 5.76 | 7.06 | 8.35 |
| Filing Date Shares Outstanding | 85.28M | 85.28M | 101.63M | 106.69M | 106.61M | 104.84M |
| Total Common Shares Outstanding | 92.06M | 92.06M | 103.01M | 106.65M | 106.55M | 104.73M |
| Working Capital | 2.51B | 2.51B | 2.65B | 2.25B | 2.92B | 2.87B |
| Book Value Per Share | 38.35 | 38.35 | 38.00 | 38.77 | 38.35 | 38.61 |
| Tangible Book Value | 852.25M | 852.25M | 1.21B | 1.40B | 1.29B | 1.25B |
| Tangible Book Value Per Share | 9.26 | 9.26 | 11.74 | 13.12 | 12.06 | 11.92 |
| Machinery | 15.11M | 15.11M | 15.51M | 13.36M | 12.60M | 10.61M |
| Leasehold Improvements | 41.79M | 41.79M | 39.85M | 39.10M | 39.07M | 35.10M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -11.24M | -11.24M | 23.80M | -28.88M | -223.72M | -326.36M |
| Depreciation & Amortization | 82.66M | 82.66M | 74.94M | 93.79M | 91.46M | 85.14M |
| Other Amortization | 40.33M | 40.33M | 19.25M | 15.61M | 11.18M | 7.14M |
| Loss (Gain) From Sale of Investments | -23.89M | -23.89M | -37.00M | -55.06M | -37.19M | 11.39M |
| Stock-Based Compensation | 229.78M | 229.78M | 242.53M | 248.38M | 313.57M | 197.16M |
| Provision & Write-off of Bad Debts | 54.59M | 54.59M | 45.71M | 52.22M | ||
| Other Operating Activities | -19.85M | -19.85M | -53.21M | -45.83M | 9.26M | 3.80M |
| Change in Accounts Receivable | 1.42M | 1.42M | -4.46M | 69.00K | -4.48M | -3.03M |
| Change in Accounts Payable | -5.87M | -5.87M | 8.21M | -1.12M | -1.69M | -3.77M |
| Change in Unearned Revenue | -3.01M | -3.01M | 1.55M | -5.56M | -7.34M | 5.60M |
| Change in Other Net Operating Assets | 54.46M | 54.46M | 2.29M | -2.72M | 4.54M | -15.03M |
| Operating Cash Flow | 415.83M | 415.83M | 350.64M | 278.77M | 187.77M | -18.09M |
| Capital Expenditures | -3.33M | -3.33M | -4.33M | -976.00K | -7.59M | -5.38M |
| Cash Acquisitions | -28.90M | -144.35M | ||||
| Sale (Purchase) of Intangibles | -57.82M | -57.82M | -36.63M | -19.92M | -23.61M | -10.26M |
| Investment in Securities | 173.82M | 173.82M | -633.11M | -169.01M | 551.80M | -843.48M |
| Other Investing Activities | -151.84M | -151.84M | -131.90M | -185.99M | -231.01M | -123.84M |
| Investing Cash Flow | -28.60M | -28.60M | -817.39M | -409.37M | 259.29M | -1.13B |
| Long-Term Debt Issued | 150.00M | 150.00M | 1.40B | 45.00M | 60.00M | 597.58M |
| Total Debt Issued | 150.00M | 150.00M | 1.40B | 45.00M | 60.00M | 597.58M |
| Long-Term Debt Repaid | -33.46M | -33.46M | -539.40M | -933.19M | -40.00M | |
| Total Debt Repaid | -33.46M | -33.46M | -539.40M | -933.19M | -40.00M | |
| Net Debt Issued (Repaid) | 116.54M | 116.54M | 860.60M | -888.19M | 60.00M | 557.58M |
| Issuance of Common Stock | 14.87M | 14.87M | 15.25M | 24.61M | 31.75M | 1.39B |
| Repurchase of Common Stock | -616.10M | -616.10M | -437.84M | -215.76M | -87.61M | |
| Other Financing Activities | 311.86M | 311.86M | 228.51M | 336.74M | 230.97M | 933.00M |
| Financing Cash Flow | -172.84M | -172.84M | 666.52M | -742.60M | 235.11M | 2.88B |
| Foreign Exchange Rate Adjustments | -50.00K | -50.00K | -290.00K | -240.00K | -38.00K | -149.00K |
| Net Cash Flow | 214.35M | 214.35M | 199.49M | -873.44M | 682.12M | 1.73B |
| Free Cash Flow | 412.50M | 412.50M | 346.31M | 277.80M | 180.18M | -23.47M |
| Free Cash Flow Margin | 24.95% | 24.95% | 23.68% | 21.53% | 17.02% | -3.66% |
| Free Cash Flow Per Share | 4.13 | 4.13 | 3.33 | 2.62 | 1.70 | -0.23 |
| Levered Free Cash Flow | 222.84M | 222.84M | 252.98M | -36.52M | 69.69M | -53.13M |
| Unlevered Free Cash Flow | 232.57M | 232.57M | 259.84M | -30.77M | 72.23M | -52.02M |
| Cash Interest Paid | 18.96M | 18.96M | 13.78M | 12.61M | 7.44M | 4.87M |
| Cash Income Tax Paid | 1.11M | 1.11M | 6.32M | 5.63M | 1.27M | |
| Change in Working Capital | 46.99M | 46.99M | 7.59M | -9.34M | -8.97M | -16.23M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.28B | 3.60B | 4.77B | 5.58B | 12.42B | 11.46B |
| Enterprise Value | 4.24B | 3.31B | 4.37B | 5.01B | 11.68B | 10.55B |
| Last Close Price | 48.31 | 36.16 | 46.26 | 52.62 | 116.85 | 109.94 |
| PE Ratio | 200.26 | |||||
| Forward PE | 13.47 | 11.58 | 22.64 | 25.02 | 67.43 | |
| PS Ratio | 2.49 | 2.18 | 3.26 | 4.33 | 11.73 | 17.86 |
| PB Ratio | 1.26 | 1.02 | 1.22 | 1.35 | 3.04 | 2.83 |
| P/TBV Ratio | 4.83 | 4.23 | 3.94 | 3.99 | 9.66 | 9.18 |
| P/FCF Ratio | 9.99 | 8.73 | 13.76 | 20.11 | 68.92 | |
| P/OCF Ratio | 9.91 | 8.66 | 13.59 | 20.03 | 66.13 | |
| PEG Ratio | 0.52 | 0.29 | 0.70 | 0.34 | 2.25 | |
| EV/Sales Ratio | 2.47 | 2.00 | 2.99 | 3.88 | 11.04 | 16.43 |
| EV/EBITDA Ratio | 40.75 | 33.10 | ||||
| EV/EBIT Ratio | 233.82 | 189.93 | ||||
| EV/FCF Ratio | 9.89 | 8.03 | 12.61 | 18.02 | 64.83 | |
| Debt / Equity Ratio | 0.54 | 0.54 | 0.45 | 0.24 | 0.47 | 0.46 |
| Debt / EBITDA Ratio | 16.64 | 16.64 | 207.84 | |||
| Debt / FCF Ratio | 4.60 | 4.60 | 5.12 | 3.52 | 10.61 | |
| Net Debt / Equity Ratio | -0.01 | -0.01 | -0.11 | -0.15 | -0.18 | -0.21 |
| Net Debt / EBITDA Ratio | -0.40 | -0.40 | 78.63 | 11.57 | 4.92 | 3.73 |
| Net Debt / FCF Ratio | -0.10 | -0.10 | -1.29 | -2.20 | -4.15 | 36.18 |
| Asset Turnover | 0.16 | 0.16 | 0.15 | 0.14 | 0.11 | 0.08 |
| Quick Ratio | 0.57 | 0.57 | 0.64 | 0.57 | 0.84 | 0.88 |
| Current Ratio | 1.51 | 1.51 | 1.58 | 1.55 | 1.78 | 1.84 |
| Return on Equity (ROE) | -0.30% | -0.30% | 0.59% | -0.70% | -5.50% | -9.93% |
| Return on Assets (ROA) | 0.11% | 0.11% | -0.52% | -0.97% | -1.61% | -2.57% |
| Return on Invested Capital (ROIC) | 0.50% | 0.50% | -1.80% | -4.27% | -7.46% | -11.11% |
| Return on Capital Employed (ROCE) | 0.30% | 0.30% | -1.50% | -2.90% | -4.10% | -5.40% |
| Earnings Yield | -0.22% | -0.31% | 0.50% | -0.52% | -1.80% | -2.85% |
| FCF Yield | 10.01% | 11.45% | 7.27% | 4.97% | 1.45% | -0.21% |
| Buyback Yield / Dilution | 3.84% | 3.84% | 2.06% | -0.12% | -4.15% | -22.87% |