BILL Holdings, Inc.
BILL· NYSE· Services-Prepackaged Software
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 25.0%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +47.3%
We record prices for the companies we cover; BILL is not one of them yet.
Company statistics
Profile · FY2026
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 99.9M
- Revenue
- $1.7B
- Free cash flow
- $412.5M
- Owner earnings
- $182.7M
Valuation · FY2026
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2026
- Gross
- 80.9%
- Operating
- -4.4%
- Net
- -0.7%
- Free cash flow
- 25.0%
- Owner earnings
- 11.1%
- Stock pay
- 13.9%
Returns
- ROIC, FY2026
- –
- ROIC, 5 yr avg
- –
- ROE, FY2026
- -0.3%
- ROE, 5 yr avg
- -2.8%
Growth (CAGR)
- Revenue, 3 yr
- 16.0%
- Revenue, 5 yr
- 47.3%
- Revenue, 8 yr
- 49.9%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 8 yr
- –
- Free cash flow, 3 yr
- 31.8%
- Free cash flow, 5 yr
- –
- Free cash flow, 8 yr
- –
Financial health · FY2026
- Cash and investments
- $1.9B
- Total debt
- $1.8B
- Net cash
- $101.4M
- Debt/Equity
- 0.5x
- Debt/FCF
- 4.5x
Shareholder returns · FY2026
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 3.8%
Financials: ten years from the 10-Ks
Revenue
$1.7B
+49.9% a year over 8 years
FY2018FY2026
Margins
Gross80.9%Operating-4.4%Net-0.7%
FY2026
FY2018FY2026
Free cash flow and owner earnings
Free cash flow$412.5MOwner earnings$182.7M
FY2026
FY2018FY2026
Diluted shares
99.9M
+126.5% over 8 years, net dilution
FY2018FY2026
Return on invested capital
–
FY2026
FY2018FY2026
Net cash
$101.4M
$101.4M more cash than debt
FY2018FY2026
Every figure, year by year
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|
| The business | |||||||||
| Revenue | $64.9M | $108.4M | $157.6M | $238.3M | $642.0M | $1.1B | $1.3B | $1.5B | $1.7B |
| Revenue growth | – | 67.0% | 45.5% | 51.2% | 169.4% | 64.9% | 21.9% | 13.4% | 13.0% |
| Gross margin | 70.1% | 72.4% | 75.2% | 74.1% | 77.4% | 81.7% | 81.8% | 81.4% | 80.9% |
| Operating margin | -12.1% | -9.0% | -21.7% | -47.8% | -49.4% | -27.9% | -13.5% | -5.5% | -4.4% |
| Net income | -$7.2M | -$7.3M | -$31.1M | -$98.7M | -$326.4M | -$223.7M | -$28.9M | $23.8M | -$11.2M |
| Net margin | -11.1% | -6.8% | -19.7% | -41.4% | -50.8% | -21.1% | -2.2% | 1.6% | -0.7% |
| Diluted EPS | – | – | $-0.70 | $-1.19 | $-3.21 | $-2.11 | $-0.27 | $-0.07 | $-0.11 |
| Return on invested capital? | – | – | – | – | – | – | – | -1.8% | – |
| Cash | |||||||||
| Operating cash flow | -$8.4M | -$3.9M | -$4.4M | $4.6M | -$18.1M | $187.8M | $278.8M | $350.6M | $415.8M |
| Capital expenditure | $1.3M | $2.7M | $11.4M | $18.9M | $5.4M | $7.6M | $976.0K | $4.3M | $3.3M |
| Free cash flow | -$9.7M | -$6.7M | -$15.9M | -$14.3M | -$23.5M | $180.2M | $277.8M | $346.3M | $412.5M |
| Stock-based compensation | $1.5M | $4.1M | $18.1M | $68.3M | $197.2M | $313.6M | $248.4M | $242.5M | $229.8M |
| Owner earnings? | -$11.2M | -$10.8M | -$33.9M | -$82.6M | -$220.6M | -$133.4M | $29.4M | $103.8M | $182.7M |
| Free cash flow per share | – | – | $-0.36 | $-0.17 | $-0.23 | $1.70 | $2.62 | $3.33 | $4.13 |
| Capital allocation | |||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – |
| Share repurchases | – | – | – | $0 | $0 | $87.6M | $211.9M | $430.0M | $560.5M |
| Diluted shares | – | – | 44.1M | 82.8M | 101.8M | 106.0M | 106.1M | 103.9M | 99.9M |
| Share count change? | – | – | – | 87.8% | 22.9% | 4.2% | 0.1% | -2.1% | -3.8% |
| Balance sheet | |||||||||
| Cash and equivalents | $22.4M | $90.3M | $573.6M | $509.6M | $1.6B | $1.6B | $985.9M | $1.0B | $1.0B |
| Short-term investments | – | $72.0M | $124.0M | $655.3M | $1.1B | $1.0B | $601.5M | $1.2B | $906.5M |
| Total debt | – | – | – | $989.4M | $1.8B | $1.8B | $914.0M | $1.7B | $1.8B |
| Net debt | – | – | – | -$175.5M | -$932.0M | -$820.4M | -$673.5M | -$504.0M | -$101.4M |
| Shareholders' equity | -$101.9M | -$102.7M | $710.7M | $2.5B | $4.0B | $4.1B | $4.1B | $3.9B | $3.5B |
Latest filings
| 2026-10-27 | DEF 14A | Proxy statement |
| 2026-08-20 | 10-K | Annual report |
| 2026-08-19 | 8-K | Earnings release |
| 2026-05-08 | 10-Q | Quarterly report |
| 2026-05-07 | 8-K | Earnings release |
| 2026-02-06 | 10-Q | Quarterly report |
| 2026-02-05 | 8-K | Earnings release |
| 2025-11-07 | 10-Q | Quarterly report |
| 2025-11-06 | 8-K | Earnings release |
| 2025-10-27 | DEF 14A | Proxy statement |
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