Bill reports Q3 EPS 50c, consensus 37c

Reports Q3 revenue $358.2M, consensus $355.98M. “We drove strong financial performance and innovated at scale as we added new capabilities to solve more financial back-office pain points for SMBs and their suppliers. We expanded our platform with a suite of mid-market solutions, enhanced our payment portfolio with streamlined reconciliation, and broadened and diversified our distribution ecosystem. These achievements strengthen our ability to capture the large market opportunity to transform and reimagine financial operations for millions of SMBs,” said Rene Lacerte, BILL (BILL) CEO and Founder. “In Q3, we delivered strong growth and significantly exceeded our non-GAAP profitability expectations. Our focused execution and durable business model enabled us to achieve this set of strong results. The opportunity ahead of BILL is large, and we are executing well to create sustained value for our customers, partners, and shareholders,” added John Rettig, BILL President and CFO.