NYSE$BILL

BILL Holdings Inc · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Reported strong financial results with accelerated core revenue growth and increased total revenue growth.

BILL reported strong financial results for the first quarter of fiscal year 2025, with total revenue of $358.5 million, an increase of 18% year-over-year. Core revenue grew by 19% year-over-year, and the company repurchased $200 million of common stock during the quarter. Net income was $8.9 million, or $0.08 per share.

  • Total revenue increased by 18% year-over-year to $358.5 million.
  • Core revenue grew by 19% year-over-year to $314.9 million.
  • The company served 476,200 businesses using their solutions.
  • Approximately 3.7 million shares of BILL common stock were repurchased for a total cost of approximately $200 million.

Headline financials

Total Revenue

$358M

Previous: $305M+17.5%
EPS

$0.08

Previous: $0.54-85.2%
Total payment volume

$79.5B

No prior period
Total transactions

28.4M

No prior period
Capital Expenditures

-$7.04M

Previous: -$403K-1646.7%
Free Cash Flow

$8.91M

Previous: -$28.3M+131.5%
Net Income

$8.91M

Previous: -$27.9M+132.0%
Operating Income

-$7.7M

Previous: -$56.6M+86.4%
Gross Profit

$294M

Previous: $249M+18.0%
Cash & Equivalents

$853M

Previous: $1.53B-44.1%
Total Assets

$9.05B

Previous: $9.62B-6.0%
R&D Expense

$78.7M

Previous: $89.1M-11.7%
Stock-Based Comp

$54.7M

Previous: $65.1M-16.1%

Revenue & EPS history

BILL · Revenue · Quarterly

$358M

Q1 2025+17.5%vs Q1 2024
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

BILL · $305M total across 2 segments · Q1 2024

  • Subscription and transaction fees
    $265M+23.6%
  • Interest on funds held for customers
    $39.8M

Forward guidance

The company provided guidance for the fiscal second quarter ending December 31, 2024, and the full fiscal year ending June 30, 2025.

Tailwinds

  • Total revenue for Q2 FY25 is expected to be between $355.5 million and $360.5 million.
  • Total revenue growth for Q2 FY25 is expected to be between 12% and 13% year-over-year.
  • Core revenue for Q2 FY25 is expected to be between $316.0 million and $321.0 million.
  • Core revenue growth for Q2 FY25 is expected to be between 15% and 17% year-over-year.
  • Non-GAAP operating income for Q2 FY25 is expected to be between $47.5 million and $52.5 million.

Headwinds

  • Total revenue growth for FY25 is expected to be between 12% and 13%.
  • Core revenue growth for FY25 is expected to be between 15% and 17%.
  • Non-GAAP operating income for FY25 is expected to be between $182.5 million and $207.5 million.
  • Non-GAAP net income for FY25 is expected to be between $181.5 million and $201.5 million.
  • Non-GAAP net income per diluted share is expected to be between $1.65 and $1.83.

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 2025

Historical avgQ1 2025

+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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