Filing Flows › Bill Holdings (BILL) › Q1 FY27 › vs Q1 FY26
Bill Holdings (BILL) Q1 FY27 vs Q1 FY26 (year over year)
Bill Holdings's revenue rose $39.3M (+13%) from $314M in Q1 FY26 to $354M in Q1 FY27. The biggest changes: Subscription and transaction fees +$39.7M (+14%); Interest on funds held for customers −$350K (-0.9%). Gross margin 76.9% against 75.5% (+1.4 pts).
Bill Holdings, Q1 FY27: revenue $354M (+12% year over year), operating margin 14.5%, net earnings $60.3M, operating cash flow $96.8M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 76.9% | 75.5% | +1.4 pts |
| Operating margin | 14.5% | -6.6% | +21.0 pts |
| Net margin | 17.0% | -0.9% | +18.0 pts |
| Free cash flow margin | 23.4% | 26.2% | -2.7 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| BILL AP/AR | $200M | $179M | $21.8M | +12% |
| BILL Spend and Expense | $92.5M | $76.0M | $16.5M | +22% |
| Embedded Solutions and Other | $23.5M | $22.1M | $1.4M | +6% |
| Subscription and transaction fees | $316M | $277M | $39.7M | +14% |
| Interest on funds held for customers | $37.4M | $37.7M | −$350K | -0.9% |
| Revenue | $354M | $314M | $39.3M | +13% |
| Gross profit | $272M | $237M | $34.7M | +15% |
| Cost of revenue | $81.7M | $77.0M | $4.7M | +6% |
| Other income, net | $10.3M | $17.9M | −$7.6M | -42% |
| Operating profit | $51.2M | −$20.7M | $71.9M | — |
| Operating expenses | $221M | $258M | −$37.2M | -14% |
| Pre-tax earnings | $61.5M | −$2.8M | $64.3M | — |
| Research & development | $50.5M | $80.3M | −$29.8M | -37% |
| Sales & marketing | $58.0M | $67.9M | −$9.9M | -15% |
| General & admin | $65.3M | $76.9M | −$11.6M | -15% |
| Other operating costs | $47.2M | $33.0M | $14.2M | +43% |
| Net earnings | $60.3M | −$3.0M | $63.2M | — |
| Income tax | $1.2M | $149K | $1.1M | +732% |
| Depreciation & amortization | $8.3M | $8.1M | $204K | +3% |
| Share-based compensation | $40.7M | $58.8M | −$18.1M | -31% |
| Working capital & other | $12.4M | −$32.9M | $45.4M | — |
| Operating cash flow | $96.8M | $96.9M | −$46K | 0% |
| Free cash flow (company-reported) | $82.9M | $82.3M | $631K | +0.8% |
| Capitalization of internal-use software costs | $13.8M | $13.3M | $542K | +4% |
| Purchases of property and equipment | $80K | $1.3M | −$1.2M | -94% |
Questions
How much did Bill Holdings's revenue grow year over year in Q1 FY27?
Bill Holdings's revenue rose $39.3M (+13%) from $314M in Q1 FY26 to $354M in Q1 FY27.
What drove Bill Holdings's revenue change in Q1 FY27?
Subscription and transaction fees +$39.7M (+14%); Interest on funds held for customers −$350K (-0.9%).