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Coursera vs Bill Holdings: COUR and BILL compared
Coursera is the larger company: $377M of revenue in its latest quarter (Q3 2026) against $354M for Bill Holdings (Q1 FY27). Coursera is growing faster (+94% against +12% a year earlier). Bill Holdings is more profitable, with an operating margin of 14.5% against -7.7%.
Where the money goes: COUR and BILL
Coursera (COUR) · Q3 2026
Coursera, Q3 2026: revenue $377M (+94% year over year), operating margin -7.7%, net loss $25.6M, operating cash flow $15.5M. The chart follows the revenue to costs, profit and cash.
Bill Holdings (BILL) · Q1 FY27
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 follows the revenue to costs, profit and cash.
| Coursera (COUR) | Bill Holdings (BILL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $377M | $354M |
| Revenue growth, Y/Y | +94% | +12% |
| Gross margin | — | 76.9% |
| Operating margin | -7.7% | 14.5% |
| Net earnings | −$25.6M | $60.3M |
| Net margin | -6.8% | 17.0% |
| Operating cash flow | $15.5M | $96.8M |
| Free cash flow | $4.6M | $82.9M |
| Market value | $990M | $5.3B |
| P/E | — | 101.8× |
| Analysts’ mean target | $5.88 | $57.55 |
Where the revenue comes from
Coursera
- Enterprise: $201M (53%)
- Consumer: $176M (47%)
Bill Holdings
- Subscription and transaction fees: $316M (89%)
- Interest on funds held for customers: $37.4M (11%)
Questions
Which is bigger, Coursera or Bill Holdings?
Coursera is the larger company: $377M of revenue in its latest quarter (Q3 2026) against $354M for Bill Holdings (Q1 FY27).
Is Coursera or Bill Holdings growing faster?
Coursera is growing faster (+94% against +12% a year earlier).
Which is more profitable, Coursera or Bill Holdings?
Bill Holdings is more profitable, with an operating margin of 14.5% against -7.7%.
More: Coursera earnings · how Coursera makes money · Bill Holdings earnings · how Bill Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.