What guidance did BILL Holdings's management provide for the next earnings period?

What is BILL Holdings's latest dividend and current dividend yield?

What were the key takeaways from BILL Holdings’s earnings call?

What is BILL Holdings's gross profit margin?

What is the market's earnings forecast for BILL Holdings next quarter?

What were the key takeaways from BILL Holdings's earnings call?

What factors drove the changes in BILL Holdings's revenue and profit?

What does BILL Holdings do and what are its main business segments?

- **17% Core Revenue Growth**: Accelerated to $375M Q2, driven by AI-enabled efficiency and integrated platform adoption.
- **AI Impact**: Agents save SMBs 3 million+ W-9s annually, reducing manual work by 90% for invoice coding.
- **$1.5B FY26 Guidance**: Core revenue up 15-16%, with operating margin expansion exceeding 300bps YoY.
- **Invoice Financing Surge**: 50% YoY customer growth, 30% origination volume growth, targeting SMB cash flow needs.
- **Embedded 2.0 Expansion**: 3 new partners launched in 3 months, targeting 1M+ new businesses.

**【CEO Summary Section】**
- Delivered 17% year-over-year core revenue growth to $375 million, driven by integrated platform strength and AI innovation.
- Introduced new AI agents (e.g., W-9 automation, transaction coding) saving SMBs thousands of weeks of manual work annually.
- Expanded B2B payment network to 8 million businesses, processing over $1 trillion in transactions.
- Invoice financing adoption grew 50% YoY, with origination volume up 30%, reflecting SMB cash flow needs.
- Embedded 2.0 partnerships with NetSuite, Acumatica, and Paychex are live, targeting 1 million new businesses.

**【COO Strategic Priorities】**
- **Integrated Platform Growth**: AP card payments grew 160% YoY; Spend & Expense revenue rose 24% YoY, driven by 25% card volume growth in high-interchange verticals.
- **Market Expansion**: Added 4,000 net new AP/AR customers, with multi-product adoption up 28% YoY.
- **AI Innovation**: Internal AI agents reduced fraud reviews by 40%, saving $133M in share buybacks.

**【CFO Financial Highlights】**
- Q2 non-GAAP operating margin expanded to 18%, up 290bps YoY, with updated FY26 core revenue guidance of $1.49B-$1.51B (15-16% growth).
- Float revenue increased $7.5M due to higher yields, supporting $267.5M-$277.5M non-GAAP net income.
- Stock-based compensation reduced to $255M, reflecting disciplined equity management.

**【Q&A Key Themes】**
- **AI Risk Mitigation**: Scale (1+ trillion in payments), data (1B+ documents), and trust (9,500 accounting firm partnerships) create defensible moat.
- **Invoice Financing**: 50% YoY customer growth, 30% origination volume growth, with improving unit economics.
- **SPP Adoption**: Early adopters commit $400M annual TPV, targeting long-term ACH displacement.
- **Embed 2.0 Momentum**: 3 new partners launched in 3 months, with Paychex activating virtual cards and instant transfers.
- **Pricing Strategy**: 1% sequential ARPU growth in direct channel, with disciplined alignment of pricing to value.

BILL Holdings, Inc. (BILL) Q2 2026 Earnings Call Transcript

- **Revenue Growth**: Q1 core revenue $358M (+14% YoY), driven by Embed partnerships and AI automation.
- **AI Innovation**: Agentic agents save 80,000+ annual workdays, with W-9 automation now generally available.
- **New Products**: BILL Cash Account integrates cash management with payments, early adoption by 1,300+ customers.
- **Partnerships**: 3 new Embed 2.0 deals with NetSuite, Paychex, Acumatica, targeting $1T payment volume SMBs.
- **Profitability**: Q1 non-GAAP operating margin 17%, full-year target 16-17% with 290bps ex-float margin expansion.
- **Mid-Market Focus**: 21% Spend & Expense growth, mid-market card spend per customer $145K, prioritizing higher unit economics.

**【CEO Summary Section】**
- Core revenue reached $358 million, up 14% year-over-year, driven by strong execution and disciplined investment.
- Introduced 3 new Embed 2.0 partnerships with NetSuite, Paychex, and Acumatica, expanding reach to nearly 1 million SMBs with $1 trillion in annual payment volume.
- Launched Agentic AI agents, including W-9 automation and expense coding, saving customers over 80,000 days annually.
- Launched BILL Cash Account, integrating cash management with payment workflows to optimize cash flow and transaction monetization.
- Appointed 2 new independent directors to strengthen governance and strategic execution.

**【COO Summary Section】**
- BILL Cash Account early adoption shows 1,300+ customers, with Steve Chaney (Chaney & Associates) highlighting streamlined cash flow management for nonprofits.
- Spend & Expense card payment volume grew 21% YoY, with rewards efficiency improvements expected to flatten and decline over time.
- Mid-market strategy focuses on larger AP/AR and Spend & Expense customers, with card spend per customer reaching $145,000.
- Embedded partnerships replicate accounting channel success, with 250+ new accounting firms added Q1, total 9,300 firms.

**【CFO Financial Commentary】**
- Q1 non-GAAP operating income $68 million (+$10M vs. high-end guidance), driven by 6% RIF and deferred investments.
- Full-year core revenue guidance $1.46-1.49B, with non-GAAP operating margin 16-17% (ex-float margin +290bps YoY).
- Float yield updated to 325bps, reflecting 1 additional rate cut in 2025.
- Stock-based compensation reduced $30M YoY, SEC 16% of revenue.
- SPP (Supplier Payments Plus) enters commercial scaling, targeting large suppliers with integrated payment workflows.

**【Q&A Highlights】**
- **Mid-Market Strategy**: 4,000 net new customers Q1, prioritizing higher ARPU mid-market with 2x SMB TPV and multi-product adoption.
- **AI Monetization**: Agentic agents (e.g., W-9 automation) reduce manual work by 80%, with pricing strategy aligning value to customer savings.
- **Embed 2.0 Pipeline**: 3+ partnerships in pipeline, focusing on $1T+ payment volume providers; rev share model with partners.
- **Invoice Financing**: Emerging ad valorem portfolio grew 40% YoY, balancing risk-adjusted pricing with growth.
- **Rule of 40**: Framework to be shared at H1 2026 Investor Day, balancing growth and profitability with 16-17% operating margin target.

BILL Holdings, Inc. (BILL) Q1 2026 Earnings Call Transcript

- **16% Core Revenue Growth**: Fiscal 2025 total revenue reached $1.5B, driven by ad valorem expansion and cost control.
- **AI-Driven Innovation**: Launching Agentic AI agents in Q2 2026 to automate financial workflows, with 1.3B documents processed via AI in FY2025.
- **Mid-Market Expansion**: Targeting 300K mid-market businesses, which contribute 2x TPV and users of average SMBs.
- **FY2026 Guidance**: Total revenue $1.59B-$1.63B (+9%-11%), non-GAAP EPS $2.00-$2.20, with H2 growth acceleration expected.
- **Risks**: Macroeconomic headwinds (e.g., SMB spend compression) and lower Spend & Expense take rate (250-260bps).

**【CEO Summary Section】**
- Fiscal 2025 total revenue reached $1.5 billion, with core revenue growing 16% YoY. Non-GAAP operating income exceeded guidance by 23%, driven by cost control and AI investments.
- Launched Supplier Payments Plus, enabling suppliers to streamline reconciliation and reduce manual efforts. Expanded network to 8 million members, with 54% of payments processed seamlessly within the network.
- Introduced Agentic AI agents to automate critical financial tasks, aiming for majority customer adoption by Q2 2026. AI solutions processed 1.3 billion documents, stopping 8 million fraud attempts.

**【COO Strategic Priorities】**
- **Integrated Platform Growth**: Modernizing UI to improve onboarding, cross-selling Spend & Expense to AP/AR customers, and expanding ad valorem payments (e.g., Supplier Payments Plus).
- **Mid-Market Expansion**: Targeting 300,000 mid-market businesses, which have 2x TPV and users of average SMBs. Launched global capabilities for managing international subsidiaries.
- **AI Innovation**: Rolling out agents for intake automation, supplier management, and self-service insights, with subscription monetization planned for 2026.

**【CFO Financial Commentary】**
- Q4 2025: Core revenue $346M (+15% YoY), non-GAAP operating income $56.4M (+17% vs. prior guidance). FY2025: Non-GAAP operating margin ex-float expanded 345bps to 24.3%.
- FY2026 Guidance: Total revenue $1.59B-$1.63B (+9%-11%), non-GAAP EPS $2.00-$2.20. Q1 2026: Core revenue $348M-$358M (+11%-14%), non-GAAP EPS $0.49-$0.52.
- Risks: Flat volume per customer assumption, lower Spend & Expense take rate (250-260bps), and $290M stock-based compensation reduction.

**【Q&A Highlights】**
- **Revenue Outlook**: FY2026 growth tempered by macro headwinds (e.g., SMB spend compression), but AI agents and ad valorem expansion could accelerate H2.
- **AI Monetization**: Phase 1 - agent adoption; Phase 2 - subscription pricing; Phase 3 - transactional monetization.
- **Mid-Market Strategy**: Dedicated go-to-market motion, leveraging existing platform depth and partnerships (e.g., Fortune 500 software company).
- **Take Rate Challenges**: SME portfolio mix shift (lower T&E, higher ACH/checks) and macro-driven spend pull-in.


BILL Holdings, Inc. (BILL) Q4 2025 Earnings Call Transcript

- **14% Core Revenue Growth**: Driven by 60% YoY accounting channel net adds and 22% spend/expense solution expansion.
- **AI-Powered Automation**: Launching finance agents to automate SMB financial operations, backed by 1% GDP transaction data.
- **Ecosystem Expansion**: 9,000+ accounting firms, 6 banks, and Xero's Embed platform driving 50% spend/expense cross-sell via accountants.
- **Strong Cash Flow**: $91M free cash flow (25% margin), $2.2B cash balance for strategic investments.
- **FY2025 Guidance**: Core revenue $1.29-1.30B (+15-16%), non-GAAP net income $236.7-240.7M.
- **Tariff Resilience**: 10% YoY international payment growth, hedging reduces FX losses by 65%.

**【CEO Summary Section】**
- Core revenue grew 14% YoY to $320 million, driven by 60% YoY net adds from the accounting channel and 22% growth in spend and expense solutions.
- Introduced advanced AI-powered finance agents to automate AP, AR, procurement, and cash management processes, leveraging 1% of U.S. GDP transacted on the platform for robust AI models.
- Expanded ecosystem with 9,000+ accounting firms, 6 banks using ad valorem products, and Xero's Embed platform GA launch.
- Highlighted macro signals of SMBs moderating spend in wholesale trade, real estate, and construction, with TPV per customer down 2% YoY.

**【CFO Financial Commentary】**
- Total revenue $358 million (+11% YoY), non-GAAP net income $59 million (+16% YoY), free cash flow $91 million (25% margin).
- Float revenue $38 million (423bps yield), BILL, AP, AR monetization expanded due to instant transfer, pay-by-card, and invoice financing adoption.
- Q4 2025 guidance: Core revenue $335-345 million (+11-15% YoY), non-GAAP net income $46.5-50.5 million.
- FY2025 full year: Core revenue $1.29-1.30 billion (+15-16% YoY), non-GAAP net income $236.7-240.7 million.

**【Q&A Key Themes】**
- **Accountant Cross-Sell**: 4,200 net new BILL, AP, AR customers in Q3, 50% of spend/expense cross-sells via accounting channel.
- **AI Investment**: $5.7 million one-time benefit from credit loss reserve refinement, AI tools reducing operating expenses.
- **Tariff Impact**: 10% YoY TPV growth in international payments, local transfer adoption driving wallet share gains.
- **Pricing Strategy**: ACH/check price increase (+$0.59 effective May 2025) expected to benefit FY2026 ARPU, subscription fee optimization in pipeline.
- **Supplier Solutions**: Advanced ACH beta with 7 million suppliers, $10 billion cumulative payment volume in invoice financing/instant transfer.
- **Macroeconomic Resilience**: 1% GDP scale provides diversification, 4% SMB penetration leaves ample growth runway despite near-term spend moderation.

BILL Holdings, Inc. (BILL) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: Core revenue +16% YoY, driven by SMB automation and AI platform efficiency.
- **Profitability**: 17% non-GAAP margin (300bps YoY expansion), $0.56 EPS beat.
- **Customer Momentum**: 480K+ businesses, $85B payments, 5%+ customers using 1099 automation.
- **Strategic Investments**: $45M in payments innovation, 38% YoY growth in accountant channel.
- **FY25 Outlook**: 16-17% core growth, $216M-$228M net income, despite macro caution.


**【CEO Opening Remarks】**
- Q2 core revenue grew 16% YoY, driven by North American market recovery and AI-enabled platform efficiency.
- Non-GAAP operating margin expanded to 17% (300bps YoY), with free cash flow margin at 20%.
- Platform used by 480,000+ businesses, processing $85B in payments across 30M transactions.
- AI innovations like Ignite Medical Resorts' 95% expense automation highlight SMB value proposition.
- Strategic focus on mid-market solutions (e.g., multi-entity tools, procure-to-pay) and supplier automation (e.g., 1099 filings for 5%+ customers).
- New board members with SaaS/Fintech expertise to accelerate growth.

**【CFO Financial Highlights】**
- Total Q2 revenue: $363M (+14% YoY), core revenue: $320M (+16% YoY).
- Non-GAAP net income: $63M ($0.56 EPS), up 42% YoY.
- Float revenue: $43M (443bps yield), ad valorem growth accelerated in Q2.
- 4,500 net new AP/AR customers, 1.4K new spend businesses, 160K+ AP/AR users.
- Spend & Expense card volume +23%, interchange fee rate 257bps.
- FY25 guidance: core revenue $1.297B-$1.312B (16-17% YoY), non-GAAP net income $216M-$228M.

**【Q&A Key Takeaways】**
- Monetization headwinds: FX losses (-0.3bps), seasonal check/ACH mix shift, offset by +45M in targeted investments.
- Virtual card adoption stable, advanced ACH in beta with 5%+ suppliers using 1099 automation.
- Accountant channel net adds +38% YoY, 80% Jitasa clients on BILL platform.
- Spend & Expense growth (+21% YoY) impacted by ad category mix, but card spend rebounding.
- 2025 outlook cautious on macro, but core growth driven by SMB resilience and ecosystem expansion.


Actual		-0.04	-0.02	-0.04	-0.03	-0.02	-0.07	-0.15	0	-0.08	-0.03	0.14	0.42	0.5	0.59	0.54	0.63	0.6	0.57	0.63	0.56	0.5	0.53	0.61	0.64
Forecast		-0.1019	-0.1079	-0.0758	-0.0762	-0.0736	-0.0445	-0.2061	-0.1756	-0.1563	-0.1359	0.0591	0.1342	0.2394	0.4124	0.4968	0.4041	0.5313	0.4633	0.5096	0.4673	0.3742	0.4158	0.5117	0.5603
Surprise	0.00%	+60.75%	+81.46%	+47.23%	+60.63%	+72.83%	-57.30%	+27.22%	+100.00%	+48.82%	+77.92%	+136.89%	+212.97%	+108.86%	+43.06%	+8.70%	+55.90%	+12.93%	+23.03%	+23.63%	+19.84%	+33.62%	+27.47%	+19.21%	+14.22%

BILL

BILL fundamentals

BILL Q2 2026 Earnings

Earnings Call

You can ask Aime

BILL

BILL fundamentals

BILL Q2 2026 Earnings

Earnings Call

BILL Earnings Call Summary for Q2/20264:30 PM on Feb 5, 2026

BILL Earnings Call Summary for Q1/20264:30 PM on Nov 6, 2025

BILL Earnings Call Summary for Q4/20254:30 PM on Aug 27, 2025

BILL Earnings Call Summary for Q3/20254:30 PM on May 8, 2025

BILL Earnings Call Summary for Q2/20254:30 PM on Feb 6, 2025

You can ask Aime