BILL Holdings Reports $1.65 Billion Revenue with 13% Growth, Net Loss of $11.2 Million for Fiscal Year 2026

BILL Holdings, Inc. reported total revenue of $1.65 billion for the fiscal year ended June 30, 2026, representing a 13% increase compared to $1.46 billion in fiscal year 2025. This growth was primarily driven by a $182.5 million increase in transaction fee revenue, attributed to higher total payment volume resulting from increased customer adoption of BILL AP/AR and BILL Spend and Expense products. Subscription fee revenue also saw a rise of $21.4 million, largely due to an increase in BILL AP/AR customers. However, revenue from interest on funds held for customers decreased by $13.4 million, primarily due to lower yields resulting from a decrease in interest rates.

The company experienced a net loss of $11.2 million for fiscal year 2026, a shift from a net income of $23.8 million in fiscal year 2025. This change was significantly influenced by a $90.9 million increase in restructuring charges, stemming from workforce reductions undertaken during the fiscal year. Operating expenses increased by 11% to $1.41 billion, while cost of revenue rose by 16% to $315.3 million. Despite the increase in total revenue, the company's operating loss widened to $73.4 million from $80.6 million in the prior year, and other income, net, decreased by $47.7 million.

Strategic developments during fiscal year 2026 included the launch of BILL AI, featuring AI agents designed to streamline SMB workflows such as W-9 filings and complex invoice coding. The company also enhanced its Supplier Payments Plus product and launched "Embed 2.0" partnerships with Paychex, Oracle NetSuite, and Acumatica, aiming to integrate its platform offerings into third-party platforms. Additionally, BILL Travel, a new travel management offering, was introduced to assist customers with booking trips and tracking expenses.

Operationally, BILL Holdings reported that as of June 30, 2026, approximately 479,300 businesses were using its solutions, processing $371.3 billion in Total Payment Volume (TPV) during fiscal 2026. The network comprised approximately 9.2 million members who had paid or received funds electronically, an 11% increase from the previous fiscal year. The company also announced a transition to a remote-first company, expecting to reduce its real property footprint. As of June 30, 2026, the company had 1,683 employees.

Looking ahead, BILL Holdings anticipates continued investment in its platform, including AI development, and efforts to drive new customer adoption and expand partner integrations. The company's profitability is expected to be influenced by the mix of revenue generated from subscriptions, transaction fees, and interest income. Management is focused on improving organizational agility and efficiency to drive greater profitability, which has included significant restructuring efforts and a transition to a remote-first operating model. The company's outlook also acknowledges potential impacts from macroeconomic conditions, including interest rate volatility, inflation, and geopolitical events.