NYSE$BILL

BILL Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Bill.com's Q1 2022 financial results were reported, showing significant revenue growth driven by acquisitions and strong organic performance.

Bill.com reported strong Q1 fiscal 2022 results, with total revenue increasing by 152% year-over-year to $116.4 million. Core revenue, representing subscription and transaction fees, grew by 164% to $115.6 million. The company completed the acquisition of Invoice2go during the quarter, contributing to the overall revenue increase.

  • Total revenue increased by 152% year-over-year to $116.4 million.
  • Core revenue grew by 164% year-over-year to $115.6 million.
  • Organic core revenue increased by 78% year-over-year.
  • The acquisition of Invoice2go was completed, expanding the company's reach.

Headline financials

Total Revenue

$116M

Previous: $46.2M+151.9%
EPS (adj)

-$0.15

Previous: -$0.04-275.0%
Total payment volume

$46.9B

No prior period
Capital Expenditures

-$1.4M

Previous: -$5.89M+76.2%
Free Cash Flow

-$77.1M

Previous: -$18.8M-309.1%
Net Income

-$75.7M

Previous: -$13M-484.4%
Operating Income

-$76.2M

Previous: -$13.8M-452.6%
Gross Profit

$86.6M

Previous: $34.1M+153.8%
Cash & Equivalents

$2.01B

Previous: $564M+256.9%
Total Assets

$8.56B

Previous: $2.48B+245.4%
Stock-Based Comp

$37.9M

No prior period

Revenue & EPS history

BILL · Revenue · Quarterly

$116M

Q1 2022+151.9%vs Q1 2021
Beat estimate in 5 of 11 quarters(45%)
ActualEstimate

Revenue by segment

BILL · $116M total across 1 segment · Q1 2022

  • Subscription and transaction fees
    $116M+164.0%

Forward guidance

Bill.com provided guidance for the fiscal second quarter ending December 31, 2021, and the full fiscal year ending June 30, 2022.

Tailwinds

  • Q2 FY22 Total revenue (millions): $130.0 – $131.0
  • Q2 FY22 Year-over-year total revenue growth: 141% – 142%
  • FY22 Total revenue (millions): $538.0 – $541.0
  • FY22 Year-over-year total revenue growth: 126% – 127%

Headwinds

  • Q2 FY22 Non-GAAP net loss (millions): ($18.0) – ($17.0)
  • Q2 FY22 Non-GAAP net loss per share: ($0.18) – ($0.17)
  • FY22 Non-GAAP net loss (millions): ($81.0) – ($78.0)
  • FY22 Non-GAAP net loss per share: ($0.80) – ($0.77)

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+4.1%

Avg return

Earnings day

+4.3%

Avg return

5 days after

+1.8%

Avg return

30 days after

56%

14 / 25 earnings

Positive

+37.6%

Q2 2021

Best reaction

-35.5%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+10.9%+6.3%-4.3%
Q2 2026+37.2%+31.8%+26.3%
Q1 2026+2.7%+17.0%+20.5%
Q3 2025-6.1%+1.0%-4.1%
Q2 2025-35.5%-36.6%-51.0%
Q1 2025+19.5%+37.5%+50.5%
Q4 2024-8.0%+3.9%+5.4%
Q3 2024-9.9%-8.2%-17.1%
Q2 2024-12.6%-16.2%-8.4%
Q1 2024-24.2%-28.4%-22.8%
Q4 2023+5.7%+3.5%+4.3%
Q3 2023+19.6%+22.5%+36.7%
Q2 2023-20.7%-15.2%-24.0%
Q1 2023-8.7%-10.5%+4.4%
Q4 2022+15.1%+8.3%-1.5%
Q3 2022-31.0%-38.9%-27.4%
Q2 2022+25.5%+27.9%+11.1%
Q1 2022+14.1%+16.7%-19.2%
Q4 2021+29.4%+25.1%+24.5%
Q3 2021+10.7%+5.5%+6.5%
Q2 2021+37.6%+29.5%+11.0%
Q1 2021-6.1%-12.2%+16.1%
Q4 2020-2.6%-4.5%-7.6%
Q3 2020+26.9%+19.7%+6.5%
Q2 2020+12.4%+22.2%+8.0%
Q1 2020
Q4 2019
Q3 2019
Q2 2018
Q1 2018

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