Filing Flows › Bill Holdings (BILL) › Q1 FY26
Bill Holdings (BILL) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 7, 2025
Bill Holdings (BILL) reported revenue of $396M for the first quarter fiscal 2026 (Q1 FY26), +10% from a year earlier and +3% from the quarter before. Operating margin was -5.2%, net loss $3.0M (0.7% of revenue).
Bill Holdings, Q1 FY26: revenue $396M (+10% year over year), operating margin -5.2%, net loss $3.0M, operating cash flow $96.9M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $396M | +3% | +10% |
| Operating profit | −$20.7M | — | — |
| Net earnings | −$3.0M | — | — |
| Operating cash flow | $96.9M | +16% | +9% |
| Free cash flow | $82.3M | — | +0.9% |
What changed
Revenue was $395.7M in Q1 FY26, up 10% year over year and up 3% from the previous quarter. BILL AP/AR was the largest line at 45% of revenue. BILL Spend and Expense added $24.7M year over year (up 19%), 66% of the total change. Interest on funds held for customers declined 13%.
Gross margin was 80.5%, down 1.4 points from a year earlier. Operating costs exceeded revenue by $20.7M, an operating margin of -5.2%. Operating expenses grew 13% against revenue growth of 10%. The fastest-growing cost line was Sales & marketing (+18%). The quarter ended with a net loss of $3.0M, narrower than the previous quarter's $7.1M loss. Non-operating items added $17.9M, -637% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $96.9M (up 9% year over year). Non-cash charges added back $8.1M of depreciation and amortization and $58.8M of share-based compensation. Working capital and other items added $32.9M. After capitalization of internal-use software costs ($13.3M) and purchases of property and equipment ($1.3M), free cash flow as the company reports it was $82.3M.
Questions
What was Bill Holdings' revenue in the first quarter fiscal 2026?
Bill Holdings (BILL) reported revenue of $396M for the first quarter fiscal 2026 (Q1 FY26), +10% from a year earlier and +3% from the quarter before.
Was Bill Holdings profitable in the first quarter fiscal 2026?
Operating loss was $20.7M (-5.2% of revenue) and net loss $3.0M.
Source: Bill Holdings 10-Q on SEC EDGAR.