NYSE$BILL
BILL Holdings Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
BILL delivered strong profitable growth, continued rapid innovation, and executed with persistent rigor.
BILL reported strong financial results for Q3 2024, with total revenue increasing 19% year-over-year to $323.0 million and non-GAAP operating income increasing 68% year-over-year. More than 450,000 small businesses used BILL's solutions during the quarter.
- Total revenue was $323.0 million, an increase of 19% year-over-year.
- Core revenue, which consists of subscription and transaction fees, was $281.3 million, an increase of 17% year-over-year.
- Served 464,900 businesses using our solutions as of the end of the third quarter.
- Processed $71 billion in total payment volume in the third quarter, an increase of 10% year-over-year.
Headline financials
Revenue & EPS history
BILL · Revenue · Quarterly
$323M
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 provides guidance for the fiscal fourth quarter ending June 30, 2024, and the full fiscal year ending June 30, 2024.
Tailwinds
- Q4 FY24 Total revenue is expected to be between $320 million and $330 million.
- FY24 Total revenue is expected to be between $1,267 million and $1,277 million.
- Q4 FY24 Year-over-year total revenue growth is expected to be between 8% and 11%.
- FY24 Year-over-year total revenue growth is expected to be between 20% and 21%.
- Q4 FY24 Non-GAAP operating income is expected to be between $40 million and $50 million.
Headwinds
- Q4 FY24 Non-GAAP net income is expected to be between $46.4 million and $54.4 million.
- FY24 Non-GAAP operating income is expected to be between $176 million and $186 million.
- FY24 Non-GAAP net income is expected to be between $227 million and $235 million.
- Q4 FY24 Non-GAAP net income per diluted share is expected to be between $0.41 and $0.49.
- FY24 Non-GAAP net income per diluted share is expected to be between $1.96 and $2.03.
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 Q3 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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