BILL (US:BILL) ZACKSยท2024-11-08 01:31Core Insights - BILL Holdings reported revenue of $358.45 million for the quarter ended September 2024, marking a year-over-year increase of 17.5% and exceeding the Zacks Consensus Estimate by 3.01% [1] - The company achieved an EPS of $0.63, which is a 16.7% increase from $0.54 a year ago, and surpassed the consensus EPS estimate of $0.49 by 28.57% [1] Financial Performance Metrics - Total Payment Volume reached $80 billion, exceeding the average estimate of $77.21 billion from four analysts [3] - The number of transactions processed was 29 million, slightly above the average estimate of 28.01 million based on three analysts [3] - Revenue from subscription and transaction fees was $314.94 million, compared to the average estimate of $307.08 million, reflecting an 18.8% year-over-year increase [3] - Revenue from interest on funds held for customers was $43.51 million, surpassing the estimated $41.02 million and showing a 9.2% increase from the previous year [3] Stock Performance - Shares of BILL Holdings have returned +18.3% over the past month, significantly outperforming the Zacks S&P 500 composite's +3.2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]