Bill Holdings (BILL) is expanding its footprint in the financial landscape with the recent launch of Regions CashflowIQ in partnership with Regions Financial (RF) . Regions CashflowIQ is aimed at simplifying payments and streamlining cash-management processes for commercial clients. With features like enhanced efficiency and visibility, automatic syncing and reconciliation with accounting software, and flexible payment options including credit, debit, virtual cards, automated clearing house, checks and inte ...

Strong quarterly results couldn't keep investors happy Bill's valuation might be too cheap to ignore Bill Holdings (BILL 1.99%) shares dropped 16.5% last month, according to data from S&P Global Market Intelligence. The financial software provider delivered a stellar quarterly earnings report, but investors were distracted by some underlying data. The company's outlook suggests that it will continue to experience slowing growth and net losses, which has the market feeling hesitant. Despite that positive tra ...

Michael Vi With the markets nervously hovering around all-time highs, it's a great time to be a stock picker and invest in companies whose stock price and individual fundamentals are completely dislocated. BILL Holdings (NYSE:BILL) is a great example of this: the small business billing management software company has seen a sharp decrease in its valuation this year. And while it hasn't exactly been smooth sailing for the business itself, the stock price suggests a company that is floundering: and the realit ...

To use a baseball analogy, high-growth stocks to buy is the equivalent of going up to the plate to do some damage. It's the exact opposite of laying down a bunt to bring a runner home. For sure, there are situations that arise where playing smart trumps everything else. When you're down by a run and you have someone on third base, the objective at the plate is to do whatever possible to bring that run home. In other circumstances, you're so far behind that you need a big inning just to play catchup. Of cour ...

Bill.com has an enormous addressable opportunity, and its stock looks like a bargain at the current price.Bill.com (BILL 1.48%) stock went public in Dec. 2019 at an initial offering price of $22 per share, and by the latter half of 2021, it had soared almost 1,500% to an all-time high of $348.50. Two factors drove its incredible gains: The company was consistently growing its revenue at a triple-digit rate, and investors were caught up in a broader frenzy for technology stocks.Neither of those factors remai ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ FORM 10-Q _____________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-39149 _____________________ BILL HOLDINGS, INC. (Exact name of re ...

Financial Data and Key Metrics Changes - Total revenue for Q3 was $323 million, an increase of 19% year-over-year [31][77] - Non-GAAP operating income increased 68% year-over-year to $59 million, with a non-GAAP operating margin of 18% [31][78] - Non-GAAP net income in Q3 was $68.6 million, up 42% year-over-year, with a non-GAAP net income margin of 21% [87] Business Line Data and Key Metrics Changes - Spend & Expense revenue grew 29% year-over-year, with card payment volume reaching $4.4 billion [47][80] - BILL stand-alone transaction revenue increased 20% year-over-year, while subscription revenue, excluding financial institution partners, increased 9% year-over-year [81][82] - BILL stand-alone payment volume was $67 billion, an increase of 9% year-over-year [49] Market Data and Key Metrics Changes - The company reported strong customer acquisition, adding 4,100 net new customers in Q3, excluding attrition from the sunset of Intuit's Simple Bill Pay solution [50][145] - The financial institution channel saw a decline in customer count due to the removal of inactive customers, despite an increase in new enrollments [83][133] Company Strategy and Development Direction - The company aims to be the essential financial operations platform for SMBs, focusing on driving adoption of its integrated financial operations platform and expanding its ecosystem [31][37] - The introduction of cash flow insights and forecasting capabilities is part of the strategy to enhance the platform and serve SMBs better [25][39] - The company is prioritizing larger businesses with a higher propensity to spend, which is expected to drive revenue growth [10][47] Management's Comments on Operating Environment and Future Outlook - Management noted that while there are signs of stabilization in the B2B spend environment, SMBs continue to face pressures from high inflation and interest rates [88] - The company expects total revenue for Q4 to be in the range of $320 million to $330 million, reflecting 8% to 11% year-over-year growth [56] - For fiscal 2024, the company raised its revenue outlook to $1.267 billion to $1.277 billion, representing 20% to 21% year-over-year growth [90] Other Important Information - The company has a strong balance sheet and generates significant free cash flow, allowing it to fund long-term opportunities while delivering profitable growth [84] - Float revenue increased 26% year-over-year to $42 million in Q3, serving as a counterbalance to economic trends [51] Q&A Session Summary Question: What is the current status of the negotiations with Bank of America? - Management indicated that they are actively working with Bank of America and will provide updates as more information becomes available [94][137] Question: Can you quantify the revenue benefit from migrating volumes across processing providers? - Management confirmed that the expansion in monetization was consistent with expectations, driven by increased volume on ad valorem products and a one-time uptick from migrating volumes [98][119] Question: What impact did the BILL Pay rolloff have on net adds for BILL stand-alone FI? - Management noted that the decline in customer adds was mainly due to the removal of inactive customers, but engagement within the financial institution channel remains strong [105][133] Question: What is driving the uptick in embedded distribution? - Management attributed the increase to greater awareness of the opportunity in financial operations and the success of their platform, which has driven interest from software partners [108][110]

bill BILL (NYSE: BILL) Investor Deck May 2024 Safe harbor This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements other than statements of historical facts, and statements in the future tense. Forward-looking statements are based on our expectations as of the date of this presentation and are subject to a number of risks, uncertainties and assumptions, many of which involve factors or circumstances that are beyond ...

BILL Reports Third Quarter Fiscal Year 2024 Financial Results SAN JOSE, Calif.--(BUSINESS WIRE) – May 2, 2024 – BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), today announced financial results for the third fiscal quarter ended March 31, 2024. "Our financial performance in the third quarter demonstrates the strength of our business and strong execution capabilities," said John Rettig, BILL President and CFO. "Total revenue increased 19% year-over-year whi ...

BILL Holdings (BILL) is scheduled to report third-quarter fiscal 2024 results on May 2.BILL Holdings’ third-quarter fiscal 2024 revenues are projected between $299 million and $309 million, suggesting year-over-year growth of 10-13%. Non-GAAP earnings are expected between 48 cents and 57 cents per share.The Zacks Consensus Estimate for revenues is pegged at $304.95 million, suggesting an increase of 11.88% from the year-ago quarter’s reported number.The consensus mark for third-quarter fiscal 2024 earnings ...