BILL (US:BILL) ZACKSยท2024-08-23 17:01Core Insights - BILL Holdings reported earnings of 57 cents per share for Q4 fiscal 2024, exceeding the Zacks Consensus Estimate by 23.91% and showing an 18.8% year-over-year increase [1] - Revenues reached $343.7 million, a 16.1% year-over-year growth, surpassing the consensus estimate by 4.92% [1] Financial Performance - Total payment volume (TPV) processed was $75.9 billion, up 9.7% year over year, with $70.8 billion from the BILL standalone platform, reflecting an 8.8% increase [2] - Core revenues, which include subscription and transaction fees, amounted to $301.3 million [4] - Transaction fees were $235.5 million, representing a 22.3% increase from the previous year [5] - Non-GAAP gross profit was $292 million, a 13.6% year-over-year increase, with a gross margin of 85% [7] - Non-GAAP operating income was $60 million, up 41.6% year over year, with an operating margin of 17.5% [8] Customer Metrics - BILL Standalone customers increased by 10.4% year over year to 222,000, while financial institution customers rose by 15% to 70,800 [3] - The Spend & Expense customer base grew by 19.2% year over year to 34,800 [3] Revenue Breakdown - Subscription fees decreased by 1.6% year over year to $65.8 million, while BILL Standalone Platform revenues also declined by 1.6% to $56.9 million [4] - Revenues from financial institutions fell by 38.3% year over year to $6.6 million [6] - Float revenues increased by 16.1% year over year to $42.4 million [6] Guidance - For Q1 fiscal 2025, BILL expects revenues between $346 million and $351 million, indicating a year-over-year growth of 13-15% [10] - For fiscal 2025, projected revenues are between $1.415 billion and $1.45 billion, suggesting a growth range of 10-12% [10]