Pricing Log in Create free account
Saturday 17 October 2026 Export BILL’s income statement to Excel — free account

BILL Holdings, Inc.

BILL Technology Software Application

BILL Holdings, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $1.7 billion, up 13.0% from fiscal 2025. In the quarter to June 2026, revenue grew 13.8%, EPS fell 171.4%, free cash flow grew 41.0% and total debt rose 7.10%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.

45.58 1.34 −2.86%
Market cap
$4.0B
P/E
0.0×
Fwd P/E
36.0×
Dividend yield
—
F-score
4/9
Altman Z
0.47
Beneish M
−2.56
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

BILL Holdings, Inc. (BILL) Business Profile

Updated before January 2025

Company Overview

BILL Holdings, Inc. (BILL), formerly known as Bill.com, is a leading provider of cloud-based software solutions that simplify, automate, and streamline back-office financial operations for small and medium-sized businesses (SMBs). Founded in 2006 by René Lacerte, the company is headquartered in San Jose, California. René Lacerte, a fourth-generation entrepreneur, envisioned a platform that would address the inefficiencies of traditional financial workflows, such as manual invoicing, check writing, and payment processing. Today, BILL is recognized as a pioneer in financial automation, serving thousands of businesses across the United States and beyond.

The company is led by a seasoned executive team, with René Lacerte serving as the CEO. Other key leaders include John Rettig, the Chief Financial Officer, and Bora Chung, the Chief Experience Officer. BILL’s leadership team brings decades of experience in technology, finance, and business operations, driving the company’s mission to make financial operations simpler and more efficient for SMBs.

Core Business Segments

BILL operates across several core business segments, offering a range of products and services designed to meet the financial management needs of SMBs. These segments include:

Accounts Payable Automation

BILL’s flagship product is its accounts payable (AP) automation platform, which enables businesses to manage their payables digitally. Key features include:

  • Invoice Processing: Automates the capture, approval, and payment of invoices.
  • Payment Solutions: Supports multiple payment methods, including ACH, checks, virtual cards, and international payments.
  • Fraud Protection: Offers robust security features to prevent unauthorized transactions.

Accounts Receivable Automation

BILL also provides accounts receivable (AR) solutions to help businesses streamline their invoicing and payment collection processes. Key offerings include:

  • Customizable Invoices: Allows businesses to create and send professional invoices.
  • Payment Tracking: Provides real-time visibility into payment statuses.
  • Recurring Billing: Automates the billing process for subscription-based businesses.

Spend and Expense Management

Through its acquisition of Divvy in 2021, BILL expanded into spend and expense management. Divvy offers a platform that combines corporate cards with expense management software, enabling businesses to:

  • Control Spending: Set budgets and track expenses in real-time.
  • Simplify Reimbursements: Streamline the reimbursement process for employees.
  • Gain Insights: Access detailed analytics on spending patterns.

Financial Integration and Partnerships

BILL integrates seamlessly with leading accounting software platforms, such as QuickBooks, Xero, and NetSuite. These integrations allow businesses to synchronize their financial data, reducing manual entry and improving accuracy. Additionally, BILL has established partnerships with financial institutions to offer its solutions directly to their SMB customers.

Business Model

BILL operates on a subscription-based business model, generating revenue through:

  • Subscription Fees: Businesses pay a monthly or annual fee to access BILL’s software solutions.
  • Transaction Fees: BILL earns revenue from payment processing fees for transactions conducted through its platform.
  • Value-Added Services: Additional features, such as international payments and advanced analytics, are offered as premium services.

The company’s approach to integrating its products and services revolves around creating a unified financial operations platform. By combining AP, AR, and expense management capabilities, BILL provides SMBs with a comprehensive solution that simplifies financial workflows and enhances operational efficiency.

Strategic Direction

BILL’s strategic direction focuses on three key areas:

Expanding Market Reach

BILL aims to grow its customer base by targeting underserved SMBs and expanding its presence in international markets. The company is also investing in marketing and sales efforts to increase brand awareness and adoption.

Enhancing Product Offerings

Innovation remains a top priority for BILL. The company is continuously enhancing its platform with new features and capabilities, such as AI-driven automation and advanced analytics. Additionally, BILL is exploring opportunities to enter new product categories, such as payroll and tax management.

Sustainability Goals

BILL is committed to promoting sustainability by reducing paper-based processes and encouraging digital payments. The company’s solutions help businesses minimize their environmental footprint by eliminating the need for physical checks and invoices.

Competitive Landscape

BILL operates in a competitive market, facing competition from both established players and emerging startups. Key competitors include:

  • Intuit: Offers accounting and financial management solutions through QuickBooks.
  • SAP Concur: Provides expense and invoice management software for businesses of all sizes.
  • Coupa: Specializes in spend management solutions for enterprises.
  • Melio: Focuses on simplifying B2B payments for SMBs.
  • Ramp: Competes in the spend management space with corporate cards and expense tracking.

Despite the competition, BILL differentiates itself through its comprehensive platform, user-friendly interface, and strong integration capabilities.

Risk Factors

BILL faces several risks that could impact its business operations and financial performance, including:

  • Market Dependence: The company’s success is heavily reliant on the adoption of its solutions by SMBs. Economic downturns or changes in market conditions could reduce demand.
  • Supply Chain Disruptions: While BILL operates digitally, disruptions in payment networks or third-party integrations could affect its services.
  • Regulatory Compliance: As a financial technology company, BILL must comply with various regulations, which could increase operational complexity and costs.
  • Competition: Intense competition from established players and new entrants could pressure pricing and margins.

Recent Developments

In recent years, BILL has made significant strides in expanding its product portfolio and market presence. Key developments include:

  • Acquisition of Divvy: This acquisition enabled BILL to enter the spend management market and offer a more comprehensive financial operations platform.
  • AI-Powered Features: BILL has introduced AI-driven capabilities, such as automated data entry and fraud detection, to enhance its platform.
  • Partnerships with Banks: The company has partnered with major financial institutions to offer its solutions to their SMB customers, increasing its reach and adoption.
  • Global Expansion: BILL has started to explore opportunities in international markets, aiming to replicate its success in the U.S. on a global scale.

Investment Considerations

Strengths

  • Market Leadership: BILL is a recognized leader in financial automation for SMBs.
  • Comprehensive Platform: The company offers a unified solution that addresses multiple financial workflows.
  • Strong Growth Potential: With a large addressable market and increasing adoption of digital solutions, BILL is well-positioned for growth.
  • Recurring Revenue Model: The subscription-based model provides predictable and stable revenue streams.

Risks

  • Economic Sensitivity: SMBs are more vulnerable to economic downturns, which could impact BILL’s customer base.
  • Competitive Pressure: Intense competition could affect market share and profitability.
  • Regulatory Challenges: Compliance with financial regulations could increase costs and operational complexity.

Conclusion

BILL Holdings, Inc. is a market leader in financial automation, offering a comprehensive platform that simplifies and streamlines financial operations for SMBs. With a strong focus on innovation, strategic partnerships, and market expansion, BILL is well-positioned for future growth. However, investors should consider the risks associated with competition, economic sensitivity, and regulatory compliance. Overall, BILL’s strong market position and growth potential make it an attractive option for businesses and investors alike.