Strong Financial Performance
Core revenue grew to $358 million, up 14% year-over-year, with a non-GAAP operating margin of 17%, indicating significant profitability expansion.
Strategic Partnerships
Signed three broad-reaching Embed partnerships with NetSuite, Paychex, and Acumatica, extending BILL's reach to millions of SMBs, representing an estimated $1 trillion in annual payment volume.
Advancements in AI
Launched BILL's new intelligent AI agents, enhancing automation capabilities and transforming financial workflows from manual to touchless, including the W-9 agent that eliminates 80% of manual steps.
Introduction of BILL Cash Account
Launched a high-yield, fully integrated operating bank account that optimizes cash flow, accelerates payments, and offers interest to businesses.
Expansion in Mid-Market
Continued traction with higher spend businesses, with card spend per customer reaching a record high of $145,000.
AI and Internal Productivity
AI is being used internally to drive productivity gains, with significant improvement in developer productivity observed.