BILL Holdings Q4: Core Revenue Up 16%, FY27 Guidance Shows 9-12% Growth
BILL sits 55% above its 52-week low of $31.41.
Summary
BILL Holdings reported Q4 FY26 revenue of $436.2M (+14% YoY) with core revenue up 16%, and issued FY27 guidance for 9-12% total revenue growth. The company repurchased ~$300M of stock in Q4 and announced a change in revenue presentation for rewards expense.
Key Events · Earnings and Guidance · BILL
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Q4 Core Revenue Up 16%
Total revenue was $436.2M (+14% YoY); core revenue (subscription + transaction fees) was $400.5M (+16% YoY). Transaction fees grew 17% to $324.3M.
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GAAP Loss, Strong Non-GAAP Profit
GAAP net loss was $18.5M ($0.19/share), but non-GAAP net income was $94.0M ($0.84/diluted share), up from $61.6M a year ago. Non-GAAP operating income rose 80% to $101.6M.
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FY27 Guidance: 9-12% Growth
Company guided FY27 total revenue to $1.807B-$1.857B (9-12% growth) and core revenue to $1.669B-$1.719B (11-14% growth). Non-GAAP net income is expected at $370.5M-$394.5M.
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$300M Share Repurchase in Q4
BILL repurchased approximately 8.4 million shares for ~$300 million in Q4 FY26, part of its $1.0B authorization.
Analysis · BILL · Technology
BILL Holdings reported Q4 FY26 results with core revenue growth of 16% year-over-year and non-GAAP operating income up 80% to $101.6 million. The company returned to a GAAP net loss of $18.5 million, but non-GAAP profitability remains strong at $94.0 million. FY27 guidance implies 9-12% total revenue growth, a deceleration from FY26's 13%, while the company continues aggressive share repurchases ($300M in Q4 alone). The planned change in revenue presentation to net rewards expense from core revenue will reduce reported revenue but better reflect economic substance.
At the time of this filing, BILL was trading at $48.66 on NYSE in the Technology sector, with a market capitalization of approximately $4.8B. The 52-week trading range was $31.41 to $57.21. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.