BILL Holdings, Inc. provides a financial operations platform for small and midsize businesses worldwide. Its cloud-based solutions cover payments, accounts payable, accounts receivable, and spend and expense management, including BILL Spend and Expense for charge cards, budgeting, and payment management. The company also offers onboarding, support, training, payment services (ACH, card, real-time, cross-border, checks, pay by card), lending and deposit products, and value-added services. Its AI-enabled platform connects suppliers and clients, serving accounting firms, financial institutions, and software providers. Formerly Bill.com Holdings, Inc., it changed its name to BILL Holdings, Inc. in February 2023, was incorporated in 2006, and is headquartered in San Jose, California.
BILL Holdings Beats Q4 Estimates, Guides Fiscal 2027 Revenue to $1.81-$1.86 Billion
BILL Holdings reported fourth-quarter fiscal 2026 non-GAAP net income of 84 cents per share, beating the Zacks Consensus Estimate of 69 cents and rising 58.5% from a year ago, on revenues of $436.2 million that grew 13.8% year over year and topped estimates by 1.5%. Total payment volume reached $98 billion, up 14% year over year, while core revenues, comprising subscription and transaction fees, rose 16% to $400.5 million. Non-GAAP operating income increased to $101.6 million from $56.4 million, lifting the non-GAAP operating margin to 23%, up 860 basis points year over year. The company repurchased approximately 8.4 million shares during the quarter for about $300 million, leaving $400 million under its $1 billion share repurchase authorization. For fiscal 2027, management forecasts total revenues of $1.81-$1.86 billion, core revenues of $1.67-$1.72 billion and non-GAAP net income per share of $3.56-$3.79.
Bill.com Holdings announced a $1 billion share repurchase program, signaling management's confidence in the company's long-term free cash flow generation. The company, which trades at $47.82 as of Aug. 21, 2026, has seen a 13% gain over the past year as it shifts from rapid expansion to profitable operations. In fiscal 2025, Bill.com reported positive GAAP net income of $24 million, and in the fourth quarter of fiscal 2026, revenue grew 14% year-over-year while operating expenses increased only 3%. The company repurchased $300 million of stock in Q4 2026 and has $400 million remaining under the authorization signed in May 2026. Bill.com's platform processes roughly 1% of U.S. GDP annually with 9.2 million members, and the stock trades at 12 times trailing free cash flow, with a market cap ranging between $3.2 billion and $4.6 billion since the buyback announcement.
BILL Holdings Reports Strong Q4 Revenue but Business Count Declines
BILL Holdings reported fiscal fourth-quarter revenue of $436.2 million, up 14% year over year, with core revenue growing 16% to $400.5 million, while non-GAAP operating income surged 80% to $101.6 million. However, the number of businesses using its solutions fell to 479,300 from 493,800 in the prior quarter, with the decline entirely in Embedded Solutions and Other, while Integrated Platform businesses grew by 2,700. The company processed $98 billion in total payment volume and 37 million transactions, both up 14%, and noted that over 175,000 businesses have used its AI agents. BILL forecasts fiscal 2027 non-GAAP operating income of $421 million to $451 million, up from $323.7 million in fiscal 2026, and expects 11% to 14% core revenue growth. The company also recorded a wider GAAP operating loss of $34.3 million and announced a workforce reduction of up to 30% in May, raising concerns about the impact on customer growth.
BILL, Marqeta, and Upland Software Shares Surge After Soft PPI Data
Shares of BILL, Marqeta, and Upland Software surged in afternoon trading after a softer-than-expected Producer Price Index report eased inflation fears and lifted growth stocks. June wholesale inflation fell 0.3% versus expectations for a flat reading, following a sharp 0.4% decline in consumer prices the prior session, which reduced Treasury yields and provided a valuation boost to companies reliant on future cash flows. BILL jumped 7.4%, Marqeta gained 6.4%, and Upland Software rose 9.5%, with Upland Software reaching a new 52-week high of $5.57 per share and extending its year-to-date gain to 271%. The rally countered concerns sparked a day earlier by IBM's warning that clients are reprioritizing capital expenditures toward AI servers and high-bandwidth memory, squeezing software budgets.
TD Cowen Initiates BILL Holdings With Buy Rating and $43 Price Target
TD Cowen initiated coverage of BILL Holdings with a Buy rating and a $43 price target on June 22, 2026. The firm views the company as a leading vendor of accounting management solutions for small businesses, including accounts payable, accounts receivable, and expense management. TD Cowen expects improving fundamentals and execution to drive multiple expansion and steadier upward momentum for the shares, overcoming muted investor sentiment after a 40% year-to-date decline. Earlier this month, Truist downgraded BILL Holdings from Buy to Hold with a $35 price target, citing AI-driven uncertainty making an acquisition less likely and core revenue growth expected to decline to low-teens next year amid intensifying competition.
BILL Holdings Earnings Estimates Revised Upward, Zacks Rank #1
Analysts have raised earnings estimates for BILL Holdings, pushing the stock to a Zacks Rank #1 (Strong Buy). The consensus estimate for the current quarter has increased 15.7% over the last 30 days to $0.69 per share, while the full-year estimate has risen 8.58% to $2.64 per share. The upward revisions reflect growing analyst optimism on the payment processing software company's earnings prospects. BILL Holdings shares have gained 10.2% over the past four weeks.
BILL Holdings Analysts See 36.1% Upside, But Price Targets May Mislead
Wall Street analysts have set a mean 12-month price target of $52.78 for BILL Holdings, implying a 36.1% upside from its last close of $38.78. The average is based on 23 short-term price targets with a standard deviation of $10.85, ranging from a low of $37.00 to a high of $77.00. However, the article cautions that analyst price targets are often overly optimistic due to business incentives and may mislead investors. Separately, the Zacks Consensus Estimate for the current year has increased 8.6% over the past month, with two upward revisions and none downward, earning the stock a Zacks Rank #1 (Strong Buy).
BILL Stock Jumps 5.2% After Naming Jonathan Leaf Chief Revenue Officer
Shares of BILL jumped 5.2% after the financial automation platform announced Jonathan Leaf as its new Chief Revenue Officer, effective July 6. Leaf brings over 25 years of experience and will oversee global revenue including sales, marketing, and customer experience. The appointment is part of BILL's AI-native transformation and recent executive changes, pushing the stock to a five-day high. BILL is down 30.5% year-to-date and trades at $35.16 per share, 37.6% below its 52-week high of $56.31 from January 2026.
Microsoft Named a Cash-Producing Stock Worth Buying, BILL and Rush Enterprises Flagged as Sells
StockStory highlights Microsoft as a cash-producing stock worth buying, while flagging BILL and Rush Enterprises as facing challenges. Microsoft, with a trailing 12-month free cash flow margin of 22.9%, is praised for its elite unit economics, robust profit margins, and a virtuous cycle of reinvesting strong free cash flow into ventures that strengthen its competitive moat. In contrast, BILL's 20.4% free cash flow margin is overshadowed by weak billings growth of 12.4% and sluggish projected sales growth of 12.1%, while Rush Enterprises' 5.7% margin accompanies a 4% annual sales decline over two years and an 8.5% annual contraction in earnings per share. Microsoft trades at $368.32 per share, BILL at $32.27, and Rush Enterprises at $70.58.
Finance and HR software stocks beat Q1 revenue estimates but shares fall 7.5% on average
Finance and HR software stocks reported a satisfactory first quarter, with revenues beating analysts' consensus estimates by 1.9% and next-quarter revenue guidance coming in 0.6% above expectations. Among the 12 companies tracked, Marqeta posted revenues of $165.8 million, up 19.2% year on year and exceeding estimates by 0.9%, while Flywire delivered the strongest performance with revenues of $184 million, up 42.9% and beating estimates by 7.2%. American Express Global Business Travel reported revenues of $840 million, up 35.3% and topping estimates by 3.3%, but missed EBITDA estimates significantly. Despite the revenue beats, share prices across the group have fallen 7.5% on average since the earnings releases, with Marqeta down 12.7%, BILL down 12.2%, and Paylocity down 7.4%, while Flywire bucked the trend with a 10.1% gain.
StockStory Picks WisdomTree as Top Stock Under $50, Advises Selling BILL and Genco
StockStory identifies WisdomTree as a stock under $50 with massive upside potential while recommending investors sell BILL and Genco. WisdomTree, trading at $18.15 per share, posted annual revenue growth of 22.5% over the last two years and saw earnings per share surge 52% annually, driven by share buybacks. BILL, at $32.39, faces concerns over weak billings growth of 12.4% and soft projected sales growth of 12.1%. Genco, priced at $23.78, struggles with a 32.6% annual decline in earnings per share and a 75.7 percentage point contraction in free cash flow margin over five years.
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