Filing Flows › Bill Holdings (BILL) › Q2 FY26
Bill Holdings (BILL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 6, 2026
Bill Holdings (BILL) reported revenue of $415M for the second quarter fiscal 2026 (Q2 FY26), +14% from a year earlier and +5% from the quarter before. Operating margin was -4.4%, net loss $2.6M (0.6% of revenue).
Bill Holdings, Q2 FY26: revenue $415M (+14% year over year), operating margin -4.4%, net loss $2.6M, operating cash flow $105M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $415M | +5% | +14% |
| Operating profit | −$18.1M | — | — |
| Net earnings | −$2.6M | — | — |
| Operating cash flow | $105M | +9% | +34% |
| Free cash flow | $91.1M | — | +27% |
What changed
Revenue was $414.7M in Q2 FY26, up 14% year over year and up 5% from the previous quarter. BILL AP/AR was the largest line at 45% of revenue. BILL Spend and Expense added $32.6M year over year (up 24%), 63% of the total change. Interest on funds held for customers declined 8%.
Gross margin was 79.8%, down 1.8 points from a year earlier. Operating costs exceeded revenue by $18.1M, an operating margin of -4.4%. Operating expenses grew 10% against revenue growth of 14%. The fastest-growing cost line was Sales & marketing (+17%). The quarter ended with a net loss of $2.6M, narrower than the previous quarter's $3.0M loss. Non-operating items added $16.0M, -775% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $105.3M (up 34% year over year). Non-cash charges added back $8.4M of depreciation and amortization and $64.3M of share-based compensation. Working capital and other items added $35.3M. After capitalization of internal-use software costs ($12.7M) and purchases of property and equipment ($1.5M), free cash flow as the company reports it was $91.1M.
Questions
What was Bill Holdings' revenue in the second quarter fiscal 2026?
Bill Holdings (BILL) reported revenue of $415M for the second quarter fiscal 2026 (Q2 FY26), +14% from a year earlier and +5% from the quarter before.
Was Bill Holdings profitable in the second quarter fiscal 2026?
Operating loss was $18.1M (-4.4% of revenue) and net loss $2.6M.
Source: Bill Holdings 10-Q on SEC EDGAR.