Strong Financial Results
Core revenue grew 14% year-over-year. Non-GAAP operating income margin was 15%, exceeding expectations, and free cash flow grew 44% year-over-year in Q3, representing a 25% margin.
Expansion of Product Offerings
Launched an advanced product suite for large businesses including multi-entity management, procurement, and mass payments. Procurement solutions were expanded to streamline processes for SMBs.
AI Growth Strategy
Accelerating AI growth strategy to transform SMB financial operations by automating mundane tasks and improving efficiency with AI-powered finance agents.
Ecosystem Expansion
Made progress broadening the ecosystem, with over 9,000 accounting firms using BILL. Net adds from the accounting channel grew over 60% year-over-year.
Introduction of Advanced ACH Solution
Introduced a beta offering of an advanced ACH solution to simplify the payment process for large suppliers, with plans for broader rollout over the next several quarters.