NYSE$BILL

BILL Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Delivered strong results driven by revenue growth and strategic investments.

Bill.com reported a strong Q4 2022, with total revenue increasing by 156% year-over-year to $200.2 million. The company served 400,000 businesses and expanded its platform solutions and customer reach.

  • Total revenue increased 156% year-over-year to $200.2 million.
  • Core revenue, consisting of subscription and transaction fees, increased 151% year-over-year.
  • Gross profit was $156.8 million, representing a 78.3% gross margin.
  • The company served 157,800 Bill.com customers.

Headline financials

Total Revenue

$200M

Previous: $78.3M+155.8%
EPS (adj)

-$0.03

Previous: -$0.07+57.1%
Capital Expenditures

$1.62M

Previous: $1.84M-12.0%
Free Cash Flow

-$14.9M

Previous: $15.9M-193.7%
Net Income

-$84.9M

Previous: -$41.9M-102.7%
Operating Income

-$83.4M

Previous: -$70.7M-17.9%
Gross Profit

$157M

Previous: $58M+170.3%
Cash & Equivalents

$1.6B

Previous: $510M+213.3%
Total Assets

$9.26B

Previous: $5.97B+55.1%
Stock-Based Comp

$56.8M

Previous: $37M+53.3%

Revenue & EPS history

BILL · Revenue · Quarterly

$200M

Q4 2022+155.8%vs Q4 2021
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

BILL · $195M total across 1 segment · Q4 2022

  • Subscription and transaction fees
    $195M+151.3%

Forward guidance

Bill.com provided guidance for the fiscal first quarter ending September 30, 2022 and the full fiscal year ending June 30, 2023.

Tailwinds

  • Total revenue (millions): $208.0 – $211.0
  • Year-over-year total revenue growth: 76% – 78%
  • Non-GAAP net income (millions): $5.5 – $8.0
  • Non-GAAP net income per share: $0.05 – $0.07
  • Total revenue (millions): $955.5 – $973.5

Headwinds

  • Year-over-year total revenue growth: 49% – 52%
  • Non-GAAP net income (millions): $27.5 – $45.5
  • Non-GAAP net income per share: $0.23 – $0.38
  • Actual results may differ materially.
  • Bill.com has not provided a reconciliation of non-GAAP net loss or non-GAAP net loss per share guidance measures to the most directly comparable GAAP measures because certain items excluded from GAAP cannot be reasonably calculated or predicted at this time.

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 2022

Historical avgQ4 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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