NYSE$BILL

BILL Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Bill.com reported record growth in fiscal 2021 with strong adoption of its platform and strategic initiatives.

Bill.com's total revenue for Q4 2021 was $78.3 million, an 86% increase year-over-year. Core revenue, representing subscription and transaction fees, was $77.5 million, a 100% increase year-over-year, including $10.3 million from Divvy. The company served 121,200 Bill.com customers, a 24% increase year-over-year, and processed $41.7 billion in total payment volume, a 64% increase year-over-year.

  • Total revenue increased by 86% year-over-year to $78.3 million.
  • Core revenue, including Divvy, increased by 100% year-over-year to $77.5 million.
  • Organic core revenue increased 73% year-over-year.
  • Transaction fees increased 204% year-over-year, including Divvy.

Headline financials

Total Revenue

$78.3M

Previous: $42.1M+85.9%
EPS (adj)

-$0.07

Previous: -$0.02-250.0%
Capital Expenditures

$1.84M

Previous: $5.7M-67.7%
Free Cash Flow

$15.9M

Previous: -$6.95M+329.3%
Net Income

-$41.9M

Previous: -$9.5M-341.1%
Operating Income

-$70.7M

Previous: -$10.3M-589.2%
Gross Profit

$58M

Previous: $32M+81.2%
Cash & Equivalents

$510M

Previous: $574M-11.2%
Total Assets

$5.97B

Previous: $2.4B+148.3%
Stock-Based Comp

$37M

Previous: $7.63M+385.4%

Revenue & EPS history

BILL · Revenue · Quarterly

$78.3M

Q4 2021+85.9%vs Q4 2020
Beat estimate in 5 of 11 quarters(45%)
ActualEstimate

Revenue by segment

BILL · $78.3M total across 2 segments · Q4 2021

  • Subscription and transaction fees
    $77.5M+99.8%
  • Interest on funds held for customers
    $761K-77.0%

Forward guidance

Bill.com provided guidance for the fiscal first quarter ending September 30, 2021, and the full fiscal year ending June 30, 2022. The financial outlook does not include any potential impact from the proposed acquisition of Invoice2go.

Tailwinds

  • Q1 FY22 Total revenue (millions): $103.2 – $104.2
  • Q1 FY22 Year-over-year total revenue growth: 123% – 126%
  • FY22 Total revenue (millions): $476.0 – $480.0
  • FY22 Year-over-year total revenue growth: 100% – 102%

Headwinds

  • Q1 FY22 Non-GAAP net loss (millions): ($20.0) – ($19.0)
  • Q1 FY22 Non-GAAP net loss per share: ($0.21) – ($0.20)
  • FY22 Non-GAAP net loss (millions): ($89.0) – ($85.0)
  • FY22 Non-GAAP net loss per share: ($0.92) – ($0.88)

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 Q4 2021

Historical avgQ4 2021

+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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