BILL's Fee-Based Revenues Surge: Can Higher TPV Drive More Upside?

Key Takeaways BILL's Q3 fee-based revenues rose 17% to $252.1M, driven by an 11% gain in TPV to $79.4B. Growth in Instant Payments and Supplier Payments Plus fueled higher monetization and platform use. Despite gains, BILL saw softer spending and a sequential TPV dip as larger rivals tightened competition.BILL Holdings (BILL) continues to gain momentum as transaction fee revenues increased 17% year over year to $252.1 million in the third quarter of fiscal 2025. This growth was largely driven by an 11% in ...