Bill.com Holdings (BILL)
NYSE:BILL
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Bill.com Holdings
(NYSE:BILL)
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Rating:63Neutral
Price Target:
$39.00
▲(7.79% Upside)
Action:ReiteratedDate:03/17/26
The score is driven primarily by improving financial fundamentals and strong cash generation, reinforced by upgraded FY26 guidance and margin expansion signals from the latest earnings call. These positives are tempered by weak technical momentum (broadly below key moving averages with bearish MACD/RSI) and limited valuation support given the deeply negative P/E and lack of dividend yield.
Positive Factors
Cash generation
Sustained positive operating and free cash flow provides durable internal funding for product investment, working capital and buybacks. Strong cash conversion reduces reliance on external financing, improving resilience to cyclical slowdowns and enabling multi-year strategic initiatives.
Negative Factors
Rising leverage
Incremental debt raises financial sensitivity if revenue or margins disappoint. Higher leverage can constrain strategic flexibility, increase interest exposure and limit the speed of further investment or buybacks, especially important for a fast-growing software business moving toward consistent profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained positive operating and free cash flow provides durable internal funding for product investment, working capital and buybacks. Strong cash conversion reduces reliance on external financing, improving resilience to cyclical slowdowns and enabling multi-year strategic initiatives.
Read all positive factors
Bill.com Holdings (BILL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.58B
Dividend YieldN/A
Average Volume (3M)1.90M
Price to Earnings (P/E)―
Beta (1Y)1.56
Revenue Growth11.63%
EPS Growth50.72%
CountryUS
Employees2,187
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.64
Shares Outstanding98,960,440
10 Day Avg. Volume1,948,654
30 Day Avg. Volume1,899,640
Financial Highlights & Ratios
PEG Ratio-1.09
Price to Book (P/B)1.22
Price to Sales (P/S)3.28
P/FCF Ratio15.47
Enterprise Value/Market Cap1.21
Enterprise Value/Revenue2.80
Enterprise Value/Gross Profit3.47
Enterprise Value/Ebitda41.38
Forecast
1Y Price Target
$56.31Price Target Upside55.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)2.39
Revenue Forecast (FY)$1.64B
Bill.com Holdings Business Overview & Revenue Model
Company Description
Bill.com Holdings, Inc. provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spen...
How the Company Makes Money
BILL primarily makes money through a mix of subscription and transaction-based revenue generated on its platform. Subscription revenue comes from fees customers pay to access and use BILL’s software products and functionality (often structured as ...
Bill.com Holdings Key Performance Indicators (KPIs)
Any
Total Transactions
Counts the number of transactions processed, reflecting customer engagement and the platform's ability to handle high volumes efficiently.
Counts the number of transactions processed, reflecting customer engagement and the platform's ability to handle high volumes efficiently.
Data provided by:
The Fly
The FlyBill.com Holdings Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
The call highlighted a strong quarter with a clear beat on core revenue and margin expansion, robust product and AI-driven operational progress, accelerating card and invoice financing volumes, and meaningful partnerships that expand distribution. Management also laid out upgraded FY26 guidance, returned capital via $133M buybacks, and emphasized multi-product adoption and durable network advantages. Moderating factors include a planned shift toward larger customers that may slow net adds, modest TPV growth per customer, ongoing rewards/take-rate optimization, and multi-year timing for broader cost efficiencies and enterprise initiatives like SPP. On balance, the positive execution, upgraded guidance, and product/AI momentum outweigh the near-term trade-offs and executional risks.Positive Updates
Core Revenue Beat and Acceleration
Q2 core revenue of $375 million, up 17% year-over-year, exceeding the top end of guidance and representing a sequential acceleration of 370 basis points.
Negative Updates
Slower Net Customer Adds as Move Upmarket
Q2 added approximately 4,000 net new AP/AR customers but company expects net adds to trend down slightly in the short term as it focuses on larger customers and implements targeted pricing increases.
Read all updates
Q2-2026 Updates
Positive
Negative
Core Revenue Beat and Acceleration
Q2 core revenue of $375 million, up 17% year-over-year, exceeding the top end of guidance and representing a sequential acceleration of 370 basis points.
Read all positive updates
Company Guidance
BILL guided Q3 FY26 total revenue of $397.5M–$407.5M and core revenue of $364.5M–$374.5M (14%–17% YoY), with non‑GAAP operating income of $62.5M–$67.5M, non‑GAAP net income of $60.5M–$64.5M and non‑GAAP EPS of $0.53–$0.57. For full‑year FY26 the company now expects core revenue of $1.490B–$1.510B (15%–16% YoY), float revenue of $141.5M (up $7.5M vs. prior), total revenue of $1.631B–$1.651B, non‑GAAP operating income of $274.0M–$286.5M (about a 17% non‑GAAP operating margin, implying >320 bps YoY expansion ex‑float and ~130 bps improvement vs. prior guide), non‑GAAP net income of $267.5M–$277.5M, non‑GAAP EPS of $2.33–$2.41, and stock‑based compensation of ~ $255M; guidance assumptions include modest AP/AR payment‑volume‑per‑customer growth for FY26, a 0.4 bps annual take‑rate expansion, Spend & Expense card payment‑volume growth in the low‑20% range and take rates slightly above 250 bps for the year.Bill.com Holdings Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.55B | 1.46B | 1.29B | 1.06B | 641.96M | 238.26M |
| Gross Profit | 1.25B | 1.19B | 1.06B | 864.49M | 496.95M | 176.46M |
| EBITDA | 104.96M | 138.42M | 96.03M | -102.54M | -225.16M | -100.17M |
| Net Income | -24.21M | 23.80M | -28.88M | -223.72M | -326.36M | -98.72M |
Balance Sheet | ||||||
| Total Assets | 10.13B | 10.06B | 9.18B | 9.64B | 9.26B | 5.97B |
| Cash, Cash Equivalents and Short-Term Investments | 2.37B | 2.32B | 1.59B | 2.66B | 2.71B | 1.16B |
| Total Debt | 1.94B | 1.77B | 976.85M | 1.91B | 1.86B | 1.08B |
| Total Liabilities | 6.32B | 6.15B | 5.04B | 5.55B | 5.21B | 3.44B |
| Stockholders Equity | 3.81B | 3.91B | 4.13B | 4.09B | 4.04B | 2.53B |
Cash Flow | ||||||
| Free Cash Flow | 347.96M | 309.67M | 257.88M | 156.56M | -33.73M | -16.58M |
| Operating Cash Flow | 385.52M | 350.64M | 278.77M | 187.77M | -18.09M | 4.62M |
| Investing Cash Flow | -659.84M | -817.39M | -409.37M | 259.29M | -1.13B | -1.43B |
| Financing Cash Flow | 122.13M | 666.52M | -742.60M | 235.11M | 2.88B | 1.64B |
Bill.com Holdings Technical Analysis
Negative
36.18
Price Trends
42.01
Negative
46.89
Negative
47.22
Negative
Market Momentum
-1.50
Negative
32.66
Neutral
39.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BILL, the sentiment is Negative. The current price of 36.18 is below the 20-day moving average (MA) of 38.84, below the 50-day MA of 42.01, and below the 200-day MA of 47.22, indicating a bearish trend. The MACD of -1.50 indicates Negative momentum. The RSI at 32.66 is Neutral, neither overbought nor oversold. The STOCH value of 39.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BILL.
Bill.com Holdings Risk Analysis
Bill.com Holdings disclosed 66 risk factors in its most recent earnings report. Bill.com Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bill.com Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $2.03B | 465.26 | 0.49% | ― | 12.14% | -19.29% | |
67 Neutral | $2.87B | 86.24 | 8.62% | ― | 13.93% | ― | |
63 Neutral | $3.58B | -533.32 | -0.63% | ― | 11.63% | 50.72% | |
63 Neutral | $2.94B | 36.75 | 7.99% | ― | 5.71% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $1.80B | 399.40 | 2.97% | ― | 13.83% | -273.23% |
* Technology Sector Average
BILL
Bill.com Holdings
36.18
-5.17
-12.50%
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Bill.com Holdings Corporate Events
Executive/Board ChangesRegulatory Filings and Compliance
Bill.com Expands CFO Rohini Jain’s Financial Leadership Role
Positive
Mar 16, 2026
On March 11, 2026, BILL Holdings, Inc. expanded the responsibilities of its Chief Financial Officer, Rohini Jain, by appointing her as the company’s principal accounting officer for purposes of the Securities Exchange Act of 1934. Jain’...
Executive/Board Changes
Bill.com announces routine board resignation of Alison Wagonfeld
Neutral
Jan 26, 2026
On January 20, 2026, BILL Holdings, Inc. announced that board member Alison Wagonfeld notified the company of her intention to resign from its Board of Directors, with the resignation to take effect on February 6, 2026. The company stated that Wag...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.