NYSE$BILL
BILL Holdings Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Delivered strong results with non-GAAP profitable growth, executing strategy to be the essential financial operations platform for SMBs.
BILL reported a 66% year-over-year increase in total revenue, reaching $260.0 million, and achieved non-GAAP profitable growth in Q2 2023. The company served over 400,000 businesses, providing them with financial automation solutions.
- Total revenue increased by 66% year-over-year, reaching $260.0 million.
- Core revenue, consisting of subscription and transaction fees, increased by 49% year-over-year to $231.1 million.
- Non-GAAP income from operations was $30.8 million, compared to $3.4 million in the second quarter of fiscal 2022.
- Served 435,800 businesses using BILL's solutions.
Headline financials
Revenue & EPS history
BILL · Revenue · Quarterly
$260M
Revenue by segment
BILL · $260M total across 2 segments · Q2 2023
- Subscription and transaction fees$231M+48.6%88.9%
- Interest on funds held for customers$28.9M—11.1%
Forward guidance
BILL anticipates total revenue between $245 million and $248 million for Q3 2023, representing a year-over-year growth of 47% to 49%. They also expect non-GAAP net income between $26.5 million and $29.5 million, with a non-GAAP net income per share between $0.22 and $0.25.
Tailwinds
- Total revenue is expected to be between $245 million and $248 million.
- Year-over-year total revenue growth is projected to be 47% - 49%.
- Non-GAAP net income is anticipated to be between $26.5 million and $29.5 million.
- Non-GAAP net income per share is expected to be $0.22 - $0.25.
- Full fiscal year revenue expected between $999 million and $1,007 million.
Headwinds
- Guidance is forward-looking and actual results may differ materially.
- Macroeconomic factors, including interest rate, inflationary and recessionary environments, may impact results.
- The ongoing war in Ukraine and the coronavirus pandemic could affect performance.
- Ability to attract new customers and develop new products is subject to risks.
- Increased competition or new entrants in the marketplace may pose challenges.
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 2023
+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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