NYSE$BILL

BILL Holdings Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

BILL reported strong revenue growth and non-GAAP profitability.

BILL's Q4 2023 total revenue increased by 48% year-over-year to $296.0 million. The company achieved non-GAAP profitability with a non-GAAP net income of $69.4 million, or $0.59 per diluted share. BILL's solutions are helping more than 460,000 businesses automate their financial operations.

  • Total revenue was $296.0 million, an increase of 48% year-over-year.
  • Core revenue, which consists of subscription and transaction fees, was $259.5 million, an increase of 33% year-over-year.
  • Non-GAAP net income was $69.4 million, or $0.59 per diluted share.
  • Served 461,000 businesses using our solutions as of the end of the fourth quarter.

Headline financials

Total Revenue

$296M

Previous: $200M+47.8%
EPS (adj)

$0.59

Previous: -$0.03+2066.7%
Capital Expenditures

$1.09M

Previous: $1.62M-32.7%
Free Cash Flow

$79.3M

Previous: -$14.9M+630.4%
Net Income

-$15.9M

Previous: -$84.9M+81.3%
Operating Income

-$41.4M

Previous: -$83.4M+50.3%
Gross Profit

$243M

Previous: $157M+55.3%
Cash & Equivalents

$1.62B

Previous: $1.6B+1.3%
Total Assets

$9.64B

Previous: $9.26B+4.1%
Stock-Based Comp

$57.9M

Previous: $56.8M+1.9%

Revenue & EPS history

BILL · Revenue · Quarterly

$296M

Q4 2023+47.8%vs Q4 2022
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

BILL · $296M total across 2 segments · Q4 2023

  • Subscription and transaction fees
    $260M+33.2%
  • Interest on funds held for customers
    $36.5M

Forward guidance

BILL provides guidance for the fiscal first quarter ending September 30, 2023 and the full fiscal year ending June 30, 2024.

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 2023

Historical avgQ4 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

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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