Filing Flows › Bill Holdings (BILL) › Q1 FY27 › vs Q4 FY26
Bill Holdings (BILL) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Bill Holdings's revenue fell $82.4M (-19%) from $436M in Q4 FY26 to $354M in Q1 FY27. Gross margin 76.9% against 81.7% (-4.7 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 76.9% | 81.7% | -4.7 pts |
| Operating margin | 14.5% | -7.9% | +22.3 pts |
| Net margin | 17.0% | -4.2% | +21.3 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $354M | $436M | −$82.4M | -19% |
| Gross profit | $272M | $356M | −$84.1M | -24% |
| Cost of revenue | $81.7M | $80.0M | $1.7M | +2% |
| Other income, net | $10.3M | $14.2M | −$3.9M | -27% |
| Operating profit | $51.2M | −$34.3M | $85.4M | — |
| Operating expenses | $221M | $390M | −$169M | -43% |
| Pre-tax earnings | $61.5M | −$20.0M | $81.5M | — |
| Research & development | $50.5M | $63.1M | −$12.6M | -20% |
| Sales & marketing | $58.0M | $158M | −$100M | -63% |
| General & admin | $65.3M | $70.7M | −$5.4M | -8% |
| Other operating costs | $47.2M | $98.3M | −$51.1M | -52% |
| Net earnings | $60.3M | −$18.5M | $78.7M | — |
| Income tax | $1.2M | −$1.6M | $2.8M | — |
| Depreciation & amortization | $8.3M | $8.2M | $31K | +0.4% |
| Share-based compensation | $40.7M | $52.8M | −$12.1M | -23% |
| Working capital & other | $12.4M | −$68.4M | $80.9M | — |
| Operating cash flow | $96.8M | $111M | −$14.2M | -13% |
Questions
How much did Bill Holdings's revenue grow quarter over quarter in Q1 FY27?
Bill Holdings's revenue fell $82.4M (-19%) from $436M in Q4 FY26 to $354M in Q1 FY27. Gross margin 76.9% against 81.7% (-4.7 pts).