Core Insights - BILL Holdings reported revenue of $414.67 million for the quarter ended December 2025, reflecting a year-over-year increase of 14.4% and surpassing the Zacks Consensus Estimate by 3.73% [1] - The company's EPS for the quarter was $0.64, up from $0.56 in the same quarter last year, resulting in an EPS surprise of 14.96% compared to the consensus estimate [1] Financial Performance Metrics - Total Payment Volume for BILL AP/AR reached $79.9 billion, exceeding the average estimate of $79.38 billion [4] - Total Payment Volume for BILL Spend & Expense was $6.5 billion, above the $6.26 billion average estimate [4] - Overall Total Payment Volume amounted to $95.1 billion, surpassing the average estimate of $93.86 billion [4] - The number of businesses using BILL Spend & Expense solutions was 44,000, slightly above the average estimate of 43,868 [4] - The total number of businesses using BILL solutions was 498,500, which was below the average estimate of 503,904 [4] - Embedded Solutions & Other customers totaled 277,000, exceeding the average estimate of 236,650 [4] - Total Payment Volume for Embedded Solutions & Other was $8.7 billion, higher than the estimated $8.07 billion [4] - Transactions for BILL Spend & Expense reached 19.8 million, compared to the average estimate of 19.45 million [4] - Transactions for BILL AP/AR were 12.8 million, below the average estimate of 13.64 million [4] - Revenue from subscription and transaction fees was $375.13 million, exceeding the average estimate of $364.64 million and representing a 17.4% increase year-over-year [4] - Revenue from interest on funds held for customers was $39.54 million, slightly above the average estimate of $35.97 million, but showed a year-over-year decline of 7.9% [4] Stock Performance - Shares of BILL Holdings have decreased by 33.9% over the past month, while the Zacks S&P 500 composite has increased by 0.5% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]

BILL NYSE BILL Investor Deck February 2026 Safe harbor This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements other than statements of historical facts, and statements in the future tense. Forward-looking statements are based on our expectations as of the date of this presentation and are subject to a number of risks, uncertainties and assumptions, many of which involve factors or circumstances that are beyond ou ...

Company Overview - The company champions small and midsize businesses with a mission to simplify business connections[6,9] - The company operates an essential financial operations platform encompassing spend management, accounts payable, and accounts receivable[10,11] - As of September 30, 2025, the company has 498,000 businesses using its solutions and 83 million network members as of June 30, 2025[15,41] - The company's platform facilitates approximately $357 billion in annualized run rate total payment volume[41] Market Opportunity - The U S opportunity includes 34 million SMBs and sole proprietors, a $75 billion SMB software spend, and $36 trillion in B2B payment volume[21] - The global opportunity encompasses 72 million SMBs and sole proprietors, a $344 billion SMB software spend, and $135 trillion in B2B payment volume[21] Financial Performance - The company's trailing 12 months revenue is $15 billion[47] - The company's core revenue year-over-year growth is 14%[47] - The company's non-GAAP gross margin is 84%[15,47] - 86% of core revenue is derived from existing customers[48]

Core Viewpoint - BILL Holdings reported earnings of 50 cents per share for Q3 fiscal 2025, exceeding the Zacks Consensus Estimate by 35.14%, but down 16.7% year over year. Revenues reached $358.2 million, a 10.9% increase year over year, surpassing the consensus mark by 0.97% [1] Financial Performance - Core revenues, which include subscription and transaction fees, amounted to $320.3 million, reflecting a 14% year-over-year increase. Subscription fees were $68.2 million, up 4% year over year, while transaction fees reached $252.1 million, a 17% increase from the previous year [2] - Total revenues from the Integrated Platform, which includes BILL AP/AR and BILL Spend and Expense, were $301.7 million, growing 14.5% year over year, contributing 94.2% to core revenues and 84.2% to total revenues. Revenues from Embedded and Other Solutions were $18.6 million, a 3.9% year-over-year increase, contributing 5.8% to core revenues and 5.2% to total revenues [3] - Float revenues, consisting of interest on funds held for customers, were $37.9 million, down 9.1% year over year. The company processed a total payment volume (TPV) of $79.4 billion, an 11.2% year-over-year increase, with $72.3 billion from the Integrated Platform (up 10.9%) and $7.1 billion from Embedded and Other Solutions (up 14.5%) [4] Customer Metrics - BILL's solutions served 488.6 thousand businesses at the end of Q3 fiscal 2025, up from 464.9 thousand in the prior year. This included 204.3 thousand customers in the Integrated Platform (up 13.4%) and 284.2 thousand in Embedded and Other Solutions (down 0.2%). The company processed 29.7 million transactions in Q3, a 15.6% year-over-year increase [5] Operating Details - Non-GAAP gross profit was $304 million, an 8% year-over-year increase, with a gross margin of 84.9%, contracting 230 basis points year over year. Non-GAAP research and development expenses totaled $58 million (up 4.4%), sales and marketing expenses rose 18.9% to $126.9 million, and general and administrative expenses increased 18.4% to $50.9 million [6] - Non-GAAP operating income was $53.3 million, down 8.9% year over year, with an operating margin contracting 320 basis points to 14.9% [7] Balance Sheet & Cash Flow - As of March 31, 2025, cash, cash equivalents, and short-term investments were $2.17 billion, slightly down from $2.21 billion as of December 31, 2024. Cash flow from operations was $99.5 million in Q3, compared to $78.7 million in Q2 [8] - Free cash flow generated in the reported quarter was $90.5 million, up from $71.6 million in the prior quarter [9] Guidance - For Q4 fiscal 2025, BILL expects revenues between $370.5 million and $380.5 million, indicating year-over-year growth of 8-11%. Non-GAAP earnings are projected between 39 cents and 43 cents per share [10] - For fiscal 2025, the company anticipates revenues between $1.45 billion and $1.46 billion, implying 12-13% year-over-year growth, with non-GAAP earnings expected between $2.06 and $2.09 per share [11]

Company Overview - BILL is positioned as a champion for small and midsize businesses, offering an essential financial operations platform[5,9] - The company's mission is to simplify business connections and operations[8] - BILL's platform integrates spend management, accounts payable, and accounts receivable[10] Key Metrics - BILL has 488,000 businesses using its solutions[14] - The platform boasts a network of 71 million members[14] - The net dollar retention rate is 92%[14] - Non-GAAP gross margin stands at 85%[14] Market Opportunity - The U S opportunity includes 34 million SMBs and sole proprietors[21] - The U S SMB software spend is estimated at $75 billion[21] - The global B2B payment volume opportunity is $135 trillion[21] Financial Performance - The trailing 12 months revenue is $1423 million[47] - Core revenue year-over-year growth is 14%[47] - 89% of core revenue comes from existing customers[47]