Bill.com Holdings (BILL) AI Stock Analysis

• Market Cap: $4.72B
• Dividend Yield: N/A
• Average Volume (3M): 3.45M
• Price to Earnings (P/E): 482.3
• Beta (1Y): 1.27
• Revenue Growth: 13.36%
• EPS Growth: N/A
• Country: US
• Employees: 2,187
• Sector: Technology
• Sector Strength: 87
• Industry: Software - Application
• EPS (TTM): 0.53
• Shares Outstanding: 101,628,610
• 10 Day Avg. Volume: 5,629,500
• 30 Day Avg. Volume: 3,446,024
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.90
• Enterprise Value/Revenue: 2.98
• Enterprise Value/Gross Profit: 3.71
• Enterprise Value/Ebitda: 30.73
• 1Y Price Target: $56.18
• Price Target Upside: 21.03% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 18

• Rating: 71 Outperform
• Price Target: $54.00 ▲(16.33% Upside)

Bill.com Holdings' overall stock score is driven by strong financial performance and positive earnings call sentiment. The company's strategic initiatives, including AI-driven automation and platform expansion, position it well for future growth. However, technical indicators suggest caution, and valuation metrics highlight challenges due to the negative P/E ratio and lack of dividend yield.

Positive Factors

AI and Technology

The expected rollout of argentic AI is seen as a game changer for small business owners trying to manage business finances.

Competitive Position

BILL possesses an enviable competitive position in the massive global B2B market and has potential for category-killer status.

New Product Introduction

BILL stands to benefit from AR/AP yield enhancement from new product introduction and higher pricing on ACH/check solutions.

Negative Factors

Gross Margin

Gross margin contracted for the fifth straight quarter.

Monetization Concerns

Competitive concerns and a protracted monetization story are reflected in the Market Perform rating.

Revenue Growth Guidance

The company's FY26 total revenue growth guidance was closer to modest buyside expectations below consensus estimates.

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 spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency. It also offers onboarding implementation support, and ongoing support and training services. The company serves accounting firms, financial institutions, and software companies. Bill.com Holdings, Inc. was incorporated in 2006 and is headquartered in San Jose, California.

How the Company Makes Money

Bill.com generates revenue primarily through subscription fees for its software services, which are offered in various tiers depending on the features and scale required by businesses. The company also earns money from transaction fees associated with payment processing, where it charges a fee for each payment made through its platform. Additionally, Bill.com has established strategic partnerships with accounting firms and financial institutions, which can enhance customer acquisition and retention, contributing to its earnings. The combination of subscription and transaction-based revenue models allows Bill.com to capitalize on the growing demand for digital financial solutions among businesses.

Bill.com Holdings Financial Statement Overview

Summary

Bill.com Holdings displays a strong financial performance, characterized by robust revenue growth and improved profitability. The balance sheet showcases financial stability with manageable leverage and strong equity. Positive cash flow metrics further highlight the company's operational efficiency and cash generation capabilities. While there are areas for improvement in operating margins and a slight dip in equity, the overall financial health is strong, reflecting a solid foundation for continued growth in the software application industry.

Income Statement

Bill.com Holdings demonstrates impressive revenue growth, with a significant increase from $641.96M in 2022 to $1.42B TTM (Trailing-Twelve-Months). Gross profit margin remains robust at 80.41% TTM, indicating efficient cost management. The net profit margin has improved to 2.70% TTM from negative in prior years, reflecting a turnaround in profitability. However, EBIT and EBITDA margins show room for improvement, standing at only 0.11% and 9.70% TTM, respectively. Overall, the company exhibits strong growth potential with improving profitability metrics.

Balance Sheet

The balance sheet reflects a solid equity base with an equity ratio of 40.18% TTM, indicating financial stability. Debt-to-equity ratio is at 0.41, showing a moderate level of leverage. Return on equity has turned positive at 0.99% TTM, recovering from negative performance in previous years. The company maintains a healthy cash position, which supports its operational and financial flexibility. However, a slight decline in stockholders' equity from 2024 is noted, which may require monitoring.

Cash Flow

Cash flow from operations has shown strong growth, reaching $345.45M TTM, which translates to a robust operating cash flow to net income ratio of 8.98 TTM. Free cash flow has also grown significantly, with a free cash flow to net income ratio of 8.80 TTM. This indicates efficient cash management and the ability to generate cash beyond operational needs. The free cash flow growth rate is a healthy 31.19% compared to the previous period. Overall, the cash flow position is strong, supporting the company's growth initiatives.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.42B	1.46B	1.29B	1.06B	641.96M	238.26M
Gross Profit	1.14B	1.19B	1.06B	864.49M	496.95M	176.46M
EBITDA	138.01M	72.71M	96.03M	-102.54M	-225.16M	-96.36M
Net Income	38.47M	23.80M	-28.88M	-223.72M	-326.36M	-98.72M
Balance Sheet
Total Assets	9.63B	10.06B	9.18B	9.64B	9.26B	5.97B
Cash, Cash Equivalents and Short-Term Investments	2.17B	2.32B	1.59B	2.66B	2.71B	1.16B
Total Debt	1.59B	1.77B	976.85M	1.91B	1.86B	1.08B
Total Liabilities	5.76B	6.15B	5.04B	5.55B	5.21B	3.44B
Stockholders Equity	3.87B	3.91B	4.13B	4.09B	4.04B	2.53B
Cash Flow
Free Cash Flow	338.38M	346.31M	257.88M	156.56M	-33.73M	-16.58M
Operating Cash Flow	345.45M	350.64M	278.77M	187.77M	-18.09M	4.62M
Investing Cash Flow	-816.79M	-817.39M	-409.37M	259.29M	-1.13B	-1.43B
Financing Cash Flow	-20.20M	657.11M	-742.60M	235.11M	2.88B	1.64B

Bill.com Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 46.42
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BILL, the sentiment is Positive. The current price of 46.42 is above the 20-day moving average (MA) of 41.71, above the 50-day MA of 44.12, and below the 200-day MA of 58.91, indicating a neutral trend. The MACD of 0.22 indicates Negative momentum. The RSI at 59.42 is Neutral, neither overbought nor oversold. The STOCH value of 77.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BILL.

Bill.com Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BILL	71 Outperform	$4.72B	482.28	0.59%	―	13.36%	―
FROG	71 Outperform	$5.76B	―	-11.15%	―	21.97%	-69.32%
FRSH	68 Neutral	$3.93B	―	-5.23%	―	19.78%	47.51%
QTWO	65 Neutral	$4.92B	1,284.34	0.92%	―	13.34%	―
ASAN	62 Neutral	$3.44B	―	-83.36%	―	9.84%	13.74%
Sector *	61 Neutral	$35.42B	7.71	-10.08%	1.88%	8.71%	-9.18%
PYCR	―				―

Bill.com Holdings Corporate Events

Bill.com Announces $300 Million Share Buyback Program

On August 27, 2025, BILL announced a $300 million share repurchase program, reflecting confidence in its strategy and investment potential. The company reported strong financial results for the fourth quarter and fiscal year 2025, with total revenue reaching $1.5 billion, a 13% increase year-over-year, and core revenue at $1.3 billion, up 16%. The announcement highlights BILL’s strategic growth initiatives and market expansion, positioning it as a leader in intelligent financial operations for SMBs.

Bill.com Holdings Announces New CFO Appointment

On June 2, 2025, BILL Holdings announced the appointment of Rohini Jain as Chief Financial Officer, effective July 7, 2025. Jain, who previously held senior roles at PayPal, Walmart, and eBay, will lead finance strategy at BILL, reporting to CEO René Lacerte. John Rettig, the current President and CFO, will transition to President and COO to further accelerate the company’s growth. This leadership change is part of BILL’s strategy to enhance its position as a leader in financial operations for SMBs, leveraging AI and innovation to expand its services and support for businesses.