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Bill Holdings (BILL) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Nov 6, 2026 · Bill Holdings (BILL) Q1 FY27 earnings results →

Q1 FY27 Revenue up 12% year over year to $354M · 17¢ of every $1 of revenue kept as net profit · operating margin 14.5%

Bill Holdings made $354M in Q1 FY27 (+12% Y/Y): Subscription and transaction fees $316M, Interest on funds held for customers $37.4M. Operating margin 14.5%, net earnings $60.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$354M
Year over year+12%
Operating margin14.5%
Net earnings$60.3M
Operating cash flow$96.8M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $353.8M in Q1 FY27, up 13% year over year and down 19% from the previous quarter. BILL AP/AR was the largest line at 57% of revenue. BILL AP/AR added $21.8M year over year (up 12%), 55% of the total change. Interest on funds held for customers declined 1%.

Gross margin was 76.9%, up 1.4 points from Q1 FY26. Operating profit was $51.2M, a 14.5% margin (up 21.0 points year over year). Operating expenses fell 14% while revenue rose 13%. The fastest-growing cost line was Other operating costs (+43%). Net earnings were $60.3M. The effective tax rate was 2.0%.

Operating cash flow was $96.8M (roughly flat year over year), 161% of net earnings. Non-cash charges added back $8.3M of depreciation and amortization and $40.7M of share-based compensation. Working capital and other items used $12.4M. After capitalization of internal-use software costs ($13.8M) and purchases of property and equipment ($80K), free cash flow as the company reports it was $82.9M.

Quarterly history

Bill Holdings revenue by quarterBill Holdings revenue by quarter$358MQ3 FY25$383MQ4 FY25$396MQ1 FY26$415MQ2 FY26$407MQ3 FY26$436MQ4 FY26$354MQ1 FY27
Bill Holdings net earnings by quarterBill Holdings net earnings by quarter−$11.6MQ3 FY25−$7.1MQ4 FY25−$3.0MQ1 FY26−$2.6MQ2 FY26$12.8MQ3 FY26−$18.5MQ4 FY26$60.3MQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QNov 6, 2026$354M+12%14.5%$60.3M$96.8M
Q4 FY2610-KAug 20, 2026$436M+14%-7.9%−$18.5M$111M
Q3 FY2610-QMay 8, 2026$407M+14%-0.1%$12.8M$103M
Q2 FY2610-QFeb 6, 2026$415M+14%-4.4%−$2.6M$105M
Q1 FY2610-QNov 7, 2025$396M+10%-5.2%−$3.0M$96.9M
Q4 FY2510-KAug 28, 2025$383M+12%-5.8%−$7.1M$83.8M
Q3 FY2510-QMay 9, 2025$358M+11%-8.1%−$11.6M$99.5M

Charts

Bill Holdings: revenue growth, year over year and quarter over quarterBill Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q+11%Q3 FY25+12%+7%Q4 FY25+10%+3%Q1 FY26+14%+5%Q2 FY26+14%-2%Q3 FY26+14%+7%Q4 FY26+12%-19%Q1 FY27
Latest (Q1 FY27): Y/Y +12%, Q/Q -19%.
Bill Holdings: where the cash came from (+) and went (−), TTM to Q1 FY27Bill Holdings: where the cash came from (+) and went (−), TTM to Q1 FY27Buybacks−$790MOperating cash flow$416MOther investing$225MOther financing$121MCash drawn (+) / kept (−)$86.5MTaxes on employees’ shares−$59.5MShares issued$3.7MCapital spending−$2.1MExchange rates−$117K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Bill Holdings: profit against cash, quarter by quarterBill Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow$33.5M$78.7MQ2 FY25−$11.6M$99.5MQ3 FY25−$7.1M$83.8MQ4 FY25−$3.0M$96.9MQ1 FY26−$2.6M$105MQ2 FY26$12.8M$103MQ3 FY26−$18.5M$111MQ4 FY26$60.3M$96.8MQ1 FY27
Latest (Q1 FY27): Net income $60.3M, Operating cash flow $96.8M.
Bill Holdings: diluted shares by fiscal yearBill Holdings: diluted shares by fiscal year83MFY21102MFY22106MFY23106MFY24104MFY25100MFY26
+20.7% since FY21: more shares outstanding (issuance, stock pay).
Bill Holdings in its industry: growth against margin (192 companies, SIC 7372)Bill Holdings in its industry: growth against margin (192 companies, SIC 7372)revenue growth, year over year →↑ operating marginmedian +12%median 0%MSFTORCLCRMADBEXYZINTUNOWSHOPCRWVSNPSPLTRADSKElectronic Arts Inc.TEAMSSNCCDNSRBLXTWLOSNOWTTWOCRWDGENDDOGHUBSVEEVDOCUOKTANETMDBNTNXPTCTYLDBXUDTPAYCMBLYESTCPCTYZETARBRKACIWBSYGWREPATHPCORTDCOCTVFIGKVYOCOURBOXCVLTDUOLSAILGTMMANHLIMEAPPFCCCYOUTTANBLKBSGTLBALRMTENBWKPRGSFRSHAPPNBANDNAVNBRZEQTWONTSKASANCXMVERXRPDSPSCBLFSLYVRNSQLYSFROGMQBBINTANCNOEVCMNABLVIAALKTAVPTSPTPDGDYNXPERAMPLDDDSKILCERTCCSICMRCMKTWHUCKCRNCPDFSWEAVSOUNINSEXZODHIIIVLiveperson IncAIMRDNMYPSUPLDKLTRBLZELAWDRTTFBBAIMAPSCCLDEXFYRDVTSSTIEGANNTWKRCATSNALFDCTSVCOMCHXAEYEZDGEADBTWFCFAISPDUOTIDNPDYNQUBTZSPCROCFATNAWRESMSIINLXBLINMSGMGEGSEGGMYSZCXAIGXAIPARAAITXBKYICYABAPCXSPAIDSNYEXYNIDAIATDSIVDAVPRBSKKYUMEWAIFFAUIDGlobal Arena Holding, Inc.ATHRVIDAQXLLIVGUPYYFNGRSVMBTransparentBusiness, Inc.SWMRAMSTTransit Pro Tech Inc.PXLWDNKCDPLSGYGYBILL (+12%, 14%)
Services-Prepackaged Software; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Bill Holdings

BILL is the intelligent finance platform trusted by nearly half a million businesses and their accountants to manage, move, and maximize their money. BILL powers businesses ranging from fast-moving startups to growing companies with complex operations. We use artificial intelligence (AI) to deliver strategic finance capabilities in one integrated platform that includes accounts payable (AP), accounts receivable (AR), expenses, forecasting, procurement, and more. With more than 9 million network members, our platform's total payment volume represents over 1% of U.S. gross domestic product. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and software providers.

In its own words, from its 10-K, filed Aug 20, 2026.

Bill Holdings against its Services-Prepackaged Software peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +12% against the peers' median +14%. Operating margin: 14.5% against the peers' median 15.2%.

CompanyQuarterRevenueY/YOp. margin
BILL Bill HoldingsQ1 FY27$354M+12%14.5%
MSFT MicrosoftQ1 FY27$92.3B+19%49.8%
ORCL OracleQ1 FY27$19.3B+30%34.8%
CRM SalesforceQ2 FY27$11.3B+11%20.5%
ADBE AdobeQ3 FY26$6.8B+13%34.8%
XYZ BlockQ3 2026$6.7B+10%6.4%
INTU IntuitQ4 FY26$4.4B+14%10.9%
NOW ServiceNowQ3 2026$4.1B+20%9.4%
SHOP ShopifyQ3 2026$3.7B+32%15.2%

Source: Bill Holdings 10-Q on SEC EDGAR · CIK 1786352 · Services-Prepackaged Software

Guidance and outlook

Bill Holdings: what its forward-looking statements are about (10-Q filed 2026-11-06)Bill Holdings: what its forward-looking statements are about (10-Q filed 2026-11-06)Other11Demand5Products2Costs2The economy1AI1People1Buybacks & dividends1Capital spending1
25 statements; tone +0.12 (−1 all cautious, +1 all confident); 10 hedged.
Bill Holdings: outlook statements against the filing beforeBill Holdings: outlook statements against the filing beforeConfident10Cautious7

13F: who owns BILL and who is buying

Largest holders of BILL (13F)Largest holders of BILL (13F)Vanguard Group$556MBlackRock$316MER Collective Holdings, LLC$308MStarboard Value LP$254MVanguard Portfolio Management LLC$206MAmeriprise Financial$201MSenvest Management, LLC$148MVanguard Capital Management LLC$142MWellington Management Group LLP$129MState Street$114M
Funds' net buying of BILL by quarter (13F)Funds' net buying of BILL by quarter (13F)−$94.5M2024-09−$683M2024-12−$61.3M2025-03$169M2025-06$331M2025-09−$82.6M2025-12−$254M2026-03−$220M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on BILL

History

Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results

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中文版：Bill Holdings（BILL）财报

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