BILL Holdings, Inc. reported a significant increase in financial performance for the three months ended March 31, 2026, with total revenue reaching $406.6 million, a 13% increase from $358.2 million in the same period last year. The growth was primarily driven by a $50.8 million rise in subscription and transaction fees, which totaled $371.1 million, reflecting a 16% increase year-over-year. The company also reported a net income of $12.8 million, a notable recovery from a net loss of $11.6 million in the prior year quarter. For the nine months ended March 31, 2026, total revenue was $1.22 billion, up 13% from $1.08 billion, while net income for the period was $7.2 million, down from $30.9 million in the previous year.
BILL's operational metrics showed positive trends, with the total number of businesses using its solutions reaching approximately 181,500, and the total payment volume processed by these customers amounting to approximately $73.9 billion for the quarter. The company also reported processing around 12.1 million transactions during the same period. However, the interest earned on funds held for customers decreased by 7% to $35.4 million, attributed to lower yields driven by declining interest rates.
Strategically, BILL has been focusing on enhancing its product offerings and expanding its market reach. The company recently launched BILL AI, a suite of AI agents aimed at streamlining workflows for small and medium-sized businesses (SMBs). Additionally, it has expanded its partnerships with major financial institutions and software providers, which is expected to further enhance its service capabilities. The company has also undertaken restructuring efforts, including a reduction in workforce impacting approximately 6% of employees, to improve operational efficiency and profitability.
In terms of financial health, BILL reported total assets of $10.08 billion as of March 31, 2026, with cash and cash equivalents amounting to $994.7 million. The company’s liabilities totaled $6.28 billion, resulting in stockholders' equity of $3.80 billion. The company has also authorized a share repurchase program of up to $1 billion, which includes previously authorized amounts, indicating a commitment to returning value to shareholders. Looking ahead, BILL anticipates continued growth driven by its expanding customer base and product innovations, although it remains cautious of macroeconomic factors that could impact SMBs and overall market conditions.
About BILL Holdings, Inc.
BILL Holdings, Inc. provides an AI-enabled financial operations platform tailored for small and midsize businesses, automating accounts payable, receivable, and spend management. Its integrated cloud-based solutions streamline invoicing, payments, expense tracking, and cash flow management, connecting businesses with suppliers, clients, banks, and accounting software. Leveraging a large network and proprietary risk management, BILL enhances financial efficiency, security, and visibility for SMBs through direct and partner channels.
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