Filing Flows › Bill Holdings (BILL) › Q3 FY26
Bill Holdings (BILL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 8, 2026
Bill Holdings (BILL) reported revenue of $407M for the third quarter fiscal 2026 (Q3 FY26), +13% from a year earlier and -2% from the quarter before. Operating margin was -0.1%, net earnings $12.8M (3.1% of revenue).
Bill Holdings, Q3 FY26: revenue $407M (+14% year over year), operating margin -0.1%, net earnings $12.8M, operating cash flow $103M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $407M | -2% | +13% |
| Operating profit | −$399K | — | — |
| Net earnings | $12.8M | — | — |
| Operating cash flow | $103M | -3% | +3% |
| Free cash flow | $84.7M | — | -6% |
What changed
Revenue was $406.6M in Q3 FY26, up 13% year over year and down 2% from the previous quarter. BILL AP/AR was the largest line at 45% of revenue. BILL Spend and Expense added $29.3M year over year (up 21%), 61% of the total change. Interest on funds held for customers declined 7%.
Gross margin was 81.6%, up 0.4 points from Q3 FY25. Operating costs exceeded revenue by $399K, an operating margin of -0.1%. Operating expenses grew 4% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+42%). Net earnings were $12.8M. The effective tax rate was 13.5%. Non-operating items added $15.2M, 103% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $102.7M (up 3% year over year), 803% of net earnings. Non-cash charges added back $8.5M of depreciation and amortization and $53.9M of share-based compensation. Working capital and other items added $27.5M. After capitalization of internal-use software costs ($17.8M) and purchases of property and equipment ($168K), free cash flow as the company reports it was $84.7M.
Questions
What was Bill Holdings' revenue in the third quarter fiscal 2026?
Bill Holdings (BILL) reported revenue of $407M for the third quarter fiscal 2026 (Q3 FY26), +13% from a year earlier and -2% from the quarter before.
Was Bill Holdings profitable in the third quarter fiscal 2026?
Operating loss was $399K (-0.1% of revenue) and net earnings $12.8M.
Source: Bill Holdings 10-Q on SEC EDGAR.