BILL Holdings Inc.: Mixed — EPS $1.18, Revenue $353.77M
Mixed ResultQ1 2027 · After-market
Did BILL Holdings Inc. (BILL) beat earnings?
It was a mixed report for Q1 2027 — BILL Holdings Inc. (BILL) beat on EPS but missed on revenue.
Earnings Per Share+20.41% surprise
$1.18Actual
Expected: $0.98
vs. year ago +93.4%
Total Revenue-19.37% surprise
$353.77MActual
Expected: $438.75M
vs. year ago +13.0%
Released Nov 05 · 4:01 PM ET
Earning Report
| Metric | Q1 FY27 | Q1 FY26 | YoY Change % |
|---|---|---|---|
| Revenue | $353.77M | $314.45M | +13.0% |
| Revenue detail — reported lines | |||
| └─Subscription and transaction fees | $316.39M | $276.71M | +14.3% |
| └─Subscription fees | $77.30M | $70.80M | +9.0% |
| └─Transaction fees | $239.10M | $205.90M | +16.0% |
| └─Interest on funds held | $37.39M | $37.74M | -0.9% |
| └─BILL AP/AR | $200.40M | $178.60M | +12.2% |
| └─BILL Spend and Expense | $92.50M | $76.00M | +21.7% |
| └─Integrated Platform | $292.90M | $254.60M | +15.0% |
| └─Embedded Solutions and Other | $23.50M | $22.10M | +6.3% |
| GAAP Basic EPS | $0.69 | -$0.03 | - |
| GAAP Diluted EPS | $0.61 | -$0.03 | - |
| Non-GAAP Basic EPS | $1.37 | $0.69 | +98.6% |
| Non-GAAP Diluted EPS | $1.18 | $0.61 | +93.4% |
| Net income | $60.25M | ($2.96M) | - |
Financial Outlook / Guidance
| Metric | Q2 FY27 Outlook | FY27 Outlook | ||
|---|---|---|---|---|
| Guidance | Expected | Guidance | Expected | |
| Total revenue | $353.0M-$363.0M (+8-11% YoY | $452.98MMiss -20.97% | $1,433.5M-$1,463.5M (+10-12% YoY | $1.83BMiss -20.85% |
| Core revenue | $315.5M-$325.5M (+10-13% YoY | — | $1,283.5M-$1,313.5M (+11-14% YoY | — |
| Non-GAAP operating income | $112.5M-$117.5M | — | $466.0M-$486.0M | — |
| Non-GAAP net income | $98.0M-$102.0M | — | $409.0M-$425.0M | — |
| Non-GAAP net income per diluted share | $0.97-$1.01 | $0.89Beat +11.24% | $3.99-$4.15 | $3.73Beat +9.12% |
Q2 FY27 Outlook
- Total revenue
- Guidance$353.0M-$363.0M(+8-11% YoYExpected$452.98MMiss -20.97%
- Core revenue
- Guidance$315.5M-$325.5M(+10-13% YoYExpected—
- Non-GAAP operating income
- Guidance$112.5M-$117.5MExpected—
- Non-GAAP net income
- Guidance$98.0M-$102.0MExpected—
- Non-GAAP net income per diluted share
- Guidance$0.97-$1.01Expected$0.89Beat +11.24%
FY27 Outlook
- Total revenue
- Guidance$1,433.5M-$1,463.5M(+10-12% YoYExpected$1.83BMiss -20.85%
- Core revenue
- Guidance$1,283.5M-$1,313.5M(+11-14% YoYExpected—
- Non-GAAP operating income
- Guidance$466.0M-$486.0MExpected—
- Non-GAAP net income
- Guidance$409.0M-$425.0MExpected—
- Non-GAAP net income per diluted share
- Guidance$3.99-$4.15Expected$3.73Beat +9.12%
Business Highlights
- ➤Launched five new products during the quarter.
- ➤Built a Visa pilot in four weeks.
- ➤Served 475,300 businesses using BILL solutions at quarter-end.
- ➤Processed $102 billion in total payment volume.
- ➤Processed 38 million transactions during the quarter.
- ➤Repurchased approximately 7 million shares of common stock for approximately $305 million.
- ➤Platform includes AP, AR, expenses, forecasting and procurement capabilities.
- ➤Member network comprises more than 9 million members.
- ➤BILL is headquartered in San Jose, California.
Management Commentary
René Lacerte, BILL CEO and Founder
“AI is changing what’s possible for us, and it shows in our product velocity: five new launches this quarter, and a Visa pilot built in four weeks. We’re well positioned to serve the millions of businesses that still need help simplifying their finances.”
Rohini Jain, BILL Chief Financial Officer
“In Q1, we delivered 14% core revenue growth, significantly expanded our operating margin, and achieved a Rule of 40 score of 51. With a durable business model, a leaner organization, and an integrated platform serving a large market, we are focused on executing with discipline.”