NYSE$BILL

BILL Holdings Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong revenue growth driven by organic core revenue and Divvy spend management revenue.

Bill.com reported total revenue of $156.5 million, a 190% increase year-over-year. Core revenue, consisting of subscription and transaction fees, reached $155.5 million, up 197% year-over-year. The company served 135,000 Bill.com customers and processed $56.4 billion in total payment volume.

  • Total revenue increased by 190% year-over-year to $156.5 million.
  • Core revenue grew by 197% year-over-year to $155.5 million.
  • Served 135,000 Bill.com customers.
  • Processed $56.4 billion in total payment volume (TPV) for Bill.com customers, a 62% year-over-year increase.

Headline financials

Total Revenue

$156M

Previous: $54M+189.5%
EPS (adj)

-$0.78

Previous: -$0.03-2505.5%
Total payment volume

$56.4B

No prior period
Capital Expenditures

-$2.47M

Previous: -$13.6M+81.9%
Free Cash Flow

-$82.9M

Previous: -$30.8M-169.0%
Net Income

-$80.4M

Previous: -$17.2M-368.2%
Operating Income

-$76.1M

Previous: -$14.2M-436.8%
Gross Profit

$122M

Previous: $40.1M+204.7%
Cash & Equivalents

$1.67B

Previous: $1.57B+6.6%
Total Assets

$9.51B

Previous: $4.08B+133.0%
Stock-Based Comp

$49.7M

No prior period

Revenue & EPS history

BILL · Revenue · Quarterly

$156M

Q2 2022+189.5%vs Q2 2021
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Revenue by segment

BILL · $156M total across 1 segment · Q2 2022

  • Subscription and transaction fees
    $156M+197.1%

Forward guidance

Bill.com provided guidance for the fiscal third quarter ending March 31, 2022, and the full fiscal year ending June 30, 2022.

Tailwinds

  • Total revenue for Q3 FY22 is expected to be between $157.0 million and $158.0 million.
  • Year-over-year total revenue growth for Q3 FY22 is projected to be between 163% and 164%.
  • Total revenue for FY22 is expected to be between $597.0 million and $600.0 million.
  • Year-over-year total revenue growth for FY22 is projected to be between 151% and 152%.
  • Focus on creating value for small businesses and delivering product innovations.

Headwinds

  • Non-GAAP net loss for Q3 FY22 is expected to be between ($16.9) million and ($15.9) million.
  • Non-GAAP net loss per share for Q3 FY22 is projected to be between ($0.16) and ($0.15).
  • Non-GAAP net loss for FY22 is expected to be between ($47.2) million and ($44.2) million.
  • Non-GAAP net loss per share for FY22 is projected to be between ($0.46) and ($0.43).
  • Actual results may differ materially due to various risks and uncertainties.

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 Q2 2022

Historical avgQ2 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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