Financial Data and Key Metrics Changes - Total revenue for fiscal 2024 was $1.3 billion, up 22% year-over-year, with core revenue exceeding $1 billion for the first time [5][6] - Non-GAAP operating income totaled nearly $200 million, growing 68% year-over-year, and the company was profitable excluding float revenue [6][20] - In Q4, total revenue was $344 million, up 16% year-over-year, with core revenue also up 16% to $301 million [22][23] - Non-GAAP operating income for Q4 was $60 million, reflecting a 17% margin, and non-GAAP net income was $64 million, reflecting a 19% margin [27][35] Business Line Data and Key Metrics Changes - BILL standalone revenue was $161 million in Q4, up 8% year-over-year, while standalone transaction revenue grew 14% year-over-year [23][24] - Spend and Expense revenue totaled $126 million in Q4, up 26% year-over-year, driven by 28% card payment volume growth [25] - The number of joint customers using both BILL AP and Spend and Expense solutions increased to 11,500, reflecting a nearly 60% increase compared to a year ago [26] Market Data and Key Metrics Changes - The network members increased to 7.1 million, up 21% year-over-year, indicating strong platform capabilities for suppliers [7] - The dollar-based net revenue retention rate for BILL standalone was 92%, impacted by a lower spend environment [25] - The company processed more than $1 trillion of total payment volume since fiscal 2018, making it one of the largest providers of fast, affordable B2B payments [8] Company Strategy and Development Direction - The company aims to capitalize on the momentum created in fiscal 2024 and widen its leadership position in the market, focusing on enhancing platform experience and diversifying its ecosystem [17][30] - Investments in fiscal 2025 will support priorities such as enhancing existing solutions, deepening relationships with accounting firms, and expanding the ecosystem [32][33] - The company is committed to maintaining a balance between growth and profitability, with a focus on long-term shareholder value [18][31] Management's Comments on Operating Environment and Future Outlook - Management noted that fiscal 2024 was an important year, delivering strong growth and enhanced profitability despite economic headwinds [5][6] - The company expects total revenue for fiscal 2025 to be in the range of $1.415 billion to $1.450 billion, reflecting 10% to 12% year-over-year growth [36] - Management expressed confidence in capturing the large market opportunity for automating financial operations for SMBs, with a focus on innovation and customer needs [37] Other Important Information - The board authorized a new $300 million share repurchase program, reflecting confidence in the company's strategy and investment opportunity [19] - The company repurchased $234 million in convertible notes, resulting in a reduction in non-GAAP diluted share count [29] Q&A Session Summary Question: Clarification on FI channel renewal and its impact on quarterly subscription revenue - Management explained that the RPO as of the end of the year is about $87 million, with a significant portion from a large FI partner, and revenue will be recognized over four years due to a contract amendment [38][39] Question: Insights on the 20% long-term goal for ad valorem payments revenue - Management indicated that investments are being made to improve product experiences and drive payment speed, which will help expand volumes and monetization [40][41] Question: Expected return on the $45 million investment and its drivers - Management clarified that the investments are offensive, aimed at enhancing existing solutions and expanding the ecosystem, with expectations for multi-year growth [43][45] Question: Environment for supplier acceptance and early reads on supplier enablement teams - Management noted that suppliers prefer electronic payments and are seeking better reconciliation and automation, indicating opportunities for value creation [54][56] Question: Impact of invoice financing on business and customer demand - Management stated that invoice financing is in early days but shows strong customer interest and repeat usage, which will drive ad valorem revenue expansion [61][62] Question: Insights on customer retention and usage of integrated solutions - Management confirmed that the integration of solutions has led to increased usage and retention, providing a more comprehensive value proposition for customers [63][64]

Core Insights - BILL Holdings reported revenue of $343.67 million for the quarter ended June 2024, marking a year-over-year increase of 16.1% and exceeding the Zacks Consensus Estimate by 4.92% [1] - The company's EPS for the same period was $0.57, slightly down from $0.59 a year ago, but it surpassed the consensus EPS estimate of $0.46 by 23.91% [1] Financial Performance Metrics - Total Payment Volume reached $76 billion, exceeding the four-analyst average estimate of $72.77 billion [3] - Transactions Processed amounted to 28 million, surpassing the three-analyst average estimate of 26.25 million [4] - Total subscription and transaction fees were reported at $301.31 million, compared to the estimated $287.78 million, reflecting a 16.1% increase year-over-year [5] - Revenue from interest on funds held for customers was $42.36 million, above the average estimate of $40.32 million, also showing a 16.1% year-over-year change [6] Stock Performance - Shares of BILL Holdings have returned +1.2% over the past month, while the Zacks S&P 500 composite has changed by +2.2% [6] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [6]

BILL Holdings (BILL) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 23.91%. A quarter ago, it was expected that this payment processing software company would post earnings of $0.53 per share when it actually produced earnings of $0.60, delivering a surprise of 13.21%. Over the last ...

Exhibit 99.1 BILL Reports Fourth Quarter and Fiscal Year 2024 Financial Results and Announces $300 Million Share Repurchase Program • FY24 Total Revenue was $1.3 Billion and Increased 22% Year-Over-Year • FY24 Core Revenue was $1.1 Billion and Increased 19% Year-Over-Year • Q4 Total Revenue Increased 16% Year-Over-Year • Q4 Core Revenue Increased 16% Year-Over-Year SAN JOSE, Calif.--(BUSINESS WIRE) – August 22, 2024 – BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesse ...

Wall Street analysts forecast that BILL Holdings (BILL) will report quarterly earnings of $0.46 per share in its upcoming release, pointing to a year-over-year decline of 22%. It is anticipated that revenues will amount to $327.56 million, exhibiting an increase of 10.7% compared to the year-ago quarter. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course o ...

Growth stocks aren't for every investor, but companies with strong balance sheets and clear paths to growth can deliver winning returns through the years. As with any other stock, you need to make sure there is a clear value proposition to the business you are buying, that it is on solid financial footing, and that it has the ability to correct potential weaknesses. 1. Veeva Systems Veeva specializes in enabling clients to maximize the efficiency of their operations and ensure a seamless journey from resear ...

The S&P 500 has reached records this year, but it's somewhat misleading. It's a market-value-weighted index, and much of its gains come from a few stocks with high market caps like Nvidia, which is up about 150% this year, and Meta Platforms, which is up about 40%. Bill is a financial platform for small businesses. It connects all of a company's financial transactions, like accounts payable and receivable, into one unified platform where everything is recorded to flow together seamlessly. It does the heavy ...

Bill.com serves 464,900 customers across all of its products, but that's a mere fraction of its addressable market, which includes 70 million businesses globally. The company generated $323 million in total revenue during the fiscal 2024 third quarter (ended March 31), which was above management's forecast of $304 million and equaled a 19% increase from the year-ago period. Its revenue growth has decelerated over the last couple of years as it pivoted away from its growth-at-all-costs strategy and started f ...

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Bill Holdings (BILL) is expanding its footprint in the financial landscape with the recent launch of Regions CashflowIQ in partnership with Regions Financial (RF) . Regions CashflowIQ is aimed at simplifying payments and streamlining cash-management processes for commercial clients. With features like enhanced efficiency and visibility, automatic syncing and reconciliation with accounting software, and flexible payment options including credit, debit, virtual cards, automated clearing house, checks and inte ...