Filing Flows

Filing Flows › Bill Holdings (BILL) › How it makes money

How Bill Holdings (BILL) makes money

Bill Holdings (BILL) made $354M of revenue in the first quarter fiscal 2027 (Q1 FY27), +13% from a year earlier. Subscription and transaction fees brought in $316M (89%); Interest on funds held for customers brought in $37.4M (11%). Of every dollar of revenue, 77¢ was left as gross profit, 14¢ was left as operating profit, 17¢ was left as net earnings.

Drawing the Sankey…

Bill Holdings revenue by segment, Q1 FY27Bill Holdings revenue by segment, Q1 FY27Subscription and transaction fees$316MInterest on funds held for custom…$37.4M
Bill Holdings: revenue by line, Q3 FY25 to Q1 FY27Bill Holdings: revenue by line, Q3 FY25 to Q1 FY27Subscription and tran…Interest on funds hel…Subscription and transaction fees: $316M latest$316MInterest on funds held for customers: $37.4M latest$37.4MQ3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
The mix barely moved between Q3 FY25 and Q1 FY27.
Bill Holdings revenue by quarterBill Holdings revenue by quarter$358MQ3 FY25$383MQ4 FY25$396MQ1 FY26$415MQ2 FY26$407MQ3 FY26$436MQ4 FY26$354MQ1 FY27
Bill Holdings: where each dollar of revenue goesBill Holdings: where each dollar of revenue goesCost of revenue23¢Gross profit77¢Operating expenses62¢Operating profit14¢Income tax0¢Net earnings17¢Operating cash flow27¢Free cash flow23¢

Revenue by segment, Q1 FY27

SegmentRevenueShareQ/QY/Y
Subscription and transaction fees$316M89.4%—+14%
  ↳ BILL AP/AR$200M56.6%—+12%
  ↳ BILL Spend and Expense$92.5M26.1%—+22%
  ↳ Embedded Solutions and Other$23.5M6.7%—+6%
Interest on funds held for customers$37.4M10.6%—-0.9%

Where each dollar of revenue goes

LineQ1 FY27% of revenue
Revenue$354M100.0%
Cost of revenue$81.7M23.1%
Gross profit$272M76.9%
Operating expenses$221M62.5%
Operating profit$51.2M14.5%
Income tax$1.2M0.4%
Net earnings$60.3M17.0%
Operating cash flow$96.8M27.4%
Free cash flow$82.9M23.4%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q1 FY27$354M+12%
Q4 FY26$436M+14%
Q3 FY26$407M+14%
Q2 FY26$415M+14%
Q1 FY26$396M+10%
Q4 FY25$383M+12%
Q3 FY25$358M+11%

From Bill Holdings' 10-Q filed Nov 6, 2026 (on EDGAR).

Questions

How does Bill Holdings make money?

Bill Holdings (BILL) made $354M of revenue in the first quarter fiscal 2027 (Q1 FY27), +13% from a year earlier. Subscription and transaction fees brought in $316M (89%); Interest on funds held for customers brought in $37.4M (11%). Of every dollar of revenue, 77¢ was left as gross profit, 14¢ was left as operating profit, 17¢ was left as net earnings.

What is Bill Holdings' biggest business?

Subscription and transaction fees: $316M in the first quarter fiscal 2027, 89% of revenue, +14% from a year earlier.

What is Bill Holdings' profit margin?

Net earnings were $60.3M, 17.0% of revenue, in the first quarter fiscal 2027; the operating margin was 14.5%.

Open the interactive view →

Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.