BILL Holdings Inc

Latest Results (13.02.2026):

BILL Holdings Inc reported results for the fourth quarter of fiscal 2025 (quarter ended June 30, 2025): revenue and core revenue grew year‑over‑year, non‑GAAP profitability remained positive, free cash flow was strong, and the company announced a new $300 million share repurchase program.

Q4 Revenue and Core Revenue

Q4 FY2025 total revenue was $383.3M, up 12% year‑over‑year. Core revenue (subscription + transaction fees) was $345.9M, up 15% YoY. Subscription fees were $68.8M (+5% YoY) and transaction fees were $277.1M (+18% YoY). Float (interest on customer funds) was $37.4M in the quarter.

Profitability and Margins (Q4)

GAAP gross profit in Q4 was $309.8M (80.8% gross margin vs 81.0% a year earlier). Non‑GAAP gross profit was $322.7M (84.2% margin vs 85.0% prior). GAAP operating loss was $(22.3)M; non‑GAAP operating income was $56.4M (down ~6% YoY).

Net Income and EPS (Q4)

Q4 GAAP net loss was $(7.1)M, or $(0.07) per share (basic and diluted). Q4 non‑GAAP net income was $61.6M, or $0.53 per diluted share (vs $63.9M / $0.57 in Q4 FY2024).

Full‑Year FY2025 Results

FY2025 total revenue was $1,462.6M, up 13% YoY; core revenue was $1,300.8M, up 16% YoY (subscription $272.1M +6%; transaction fees $1,028.7M +19%). GAAP net income for FY25 was $23.8M (basic EPS $0.23; diluted EPS $(0.07)). Non‑GAAP net income was $251.8M (non‑GAAP diluted EPS $2.21). Non‑GAAP operating income rose 22% to $239.5M.

Business Metrics & Volume

At quarter end BILL served ~493,800 businesses and ~9,000 accounting firms, with 8.3M network members. Q4 payment volume was $86B (+13% YoY) across 33M transactions (+18% YoY).

Capital Allocation & Share Repurchase

BILL repurchased ~2.2M shares in Q4 and July for about $100M and its board authorized a new $300M repurchase program, to be funded from existing cash (timing and amount subject to market and corporate considerations).

Cash, Liquidity & Free Cash Flow

Balance sheet highlights: cash and cash equivalents $1.038B, short‑term investments $1.180B, funds held for customers $4.044B; total cash, cash equivalents and restricted cash reported at $3.551B at period end. Free cash flow for FY2025 was $312.5M.

FY26 Guidance

Guidance: Q1 FY26 total revenue $385–$395M (7–10% YoY); FY26 total revenue $1,589.5–$1,629.5M (9–11% YoY). FY26 non‑GAAP operating income $240–$270M; non‑GAAP net income per diluted share $2.00–$2.20. Guidance uses a 20% non‑GAAP tax assumption and excludes the impact of any future share repurchases.