NYSE$BILL
BILL Holdings Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
BILL reported strong Q1 2024 results, driven by a 33% year-over-year increase in total revenue and expanded non-GAAP profitability.
BILL announced strong first quarter results with total revenue increasing by 33% year-over-year to $305.0 million. The company launched its integrated financial operations platform and saw non-GAAP profitability expand.
- Total revenue increased 33% year-over-year to $305.0 million.
- Core revenue, which consists of subscription and transaction fees, increased 24% year-over-year.
- The company launched its integrated financial operations platform.
- Served 471,200 businesses using our solutions as of the end of the first quarter.
Headline financials
Revenue & EPS history
BILL · Revenue · Quarterly
$305M
Revenue by segment
BILL · $305M total across 2 segments · Q1 2024
- Subscription and transaction fees$265M+23.6%86.9%
- Interest on funds held for customers$39.8M—13.1%
Forward guidance
BILL is providing the following guidance for the fiscal second quarter ending December 31, 2023 and the full fiscal year ending June 30, 2024. Q2 FY24 Guidance FY24 Guidance $293 - $303 $1,205 - $1,245 13% - 17% 14% - 18% $42 - $52 $195 - $235 $0.35 - $0.44 $1.64 - $1.97
Tailwinds
- Q2 FY24 Total revenue (millions): $293 - $303
- Q2 FY24 Year-over-year total revenue growth: 13% - 17%
- Q2 FY24 Non-GAAP net income (millions): $42 - $52
- Q2 FY24 Non-GAAP net income per diluted share: $0.35 - $0.44
- FY24 Total revenue (millions): $1,205 - $1,245
Headwinds
- FY24 Year-over-year total revenue growth: 14% - 18%
- FY24 Non-GAAP net income (millions): $195 - $235
- FY24 Non-GAAP net income per diluted share: $1.64 - $1.97
- Macroeconomic factors, including changes in interest rates and inflation
- Volatile market environments
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 2024
+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
| Quarter | Report date | Reaction (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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