Bill.com Reports Third Quarter Fiscal 2021 Financial Results
Bill.com (NYSE: BILL), a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses (SMBs), today announced financial results for the third fiscal quarter ended March 31, 2021.
“We delivered record results and further increased core revenue growth, driven by the value of our platform, the scale of our network, and the broad range of our payment offerings,” said René Lacerte, Bill.com CEO and Founder. “Our platform makes it easy for businesses to simplify their back office, connect with each other, and make payments. We are helping our customers transform their financial operations, and we believe we are at the beginning of a multiyear digital transformation wave.”
“We executed well during the quarter and delivered core revenue growth of
Financial Highlights for the Third Quarter of Fiscal 2021
-
Total revenue was
$59.7 million , an increase of45% from the third quarter of fiscal 2020. -
Core revenue, which includes subscription and transaction fees, was
$58.6 million , an increase of62% year-over-year. Subscription fees were$29.3 million , an increase of32% year-over-year. Transaction fees were$29.3 million , an increase of112% year-over-year. -
GAAP gross profit was
$44.3 million , representing a74.2% gross margin, compared to$31.1 million , or a75.5% gross margin, in the third quarter of fiscal 2020. Non-GAAP gross profit was$46.0 million , representing a76.9% non-GAAP gross margin, compared to$32.1 million , or a77.7% non-GAAP gross margin in the third quarter of fiscal 2020. -
Loss from operations was
$15.3 million , compared to a loss from operations of$9.7 million in the third quarter of fiscal 2020. Non-GAAP loss from operations was$2.1 million , compared to a non-GAAP loss from operations of$3.8 million in the third quarter of fiscal 2020. -
Net loss was
$26.7 million , or ($0.32) per share, basic and diluted, compared to net loss of$8.3 million , or ($0.11) per share, basic and diluted, in the third quarter of fiscal 2020. Non-GAAP net loss was$1.7 million , or ($0.02) per share, basic and diluted, compared to non-GAAP net loss of$2.4 million , or ($0.03) per share, basic and diluted, in the third quarter of fiscal 2020. -
Cash, cash equivalents and short-term investments were
$1.7 billion at March 31, 2021.
Business Highlights and Recent Developments
-
Served 115,600 customers as of the end of the third quarter of fiscal 2021, representing year-over-year customer growth of
27% . -
Processed
$35.0 billion in total payment volume on our platform in the third quarter, an increase of44% year-over-year. -
Processed 7.2 million transactions in the third quarter of fiscal 2021, an increase of
19% year-over-year. - Signed a definitive agreement to acquire Divvy, a leading company in spend management for SMBs.
- Recognized on G2’s 2021 Best Products for Finance list and named a leader in G2’s 2021 Accounts Payable Automation Software category for the small and medium business community.
- Launched integrations with Microsoft Dynamics 365 Business Central and Microsoft Dynamics GP.
Financial Outlook
Bill.com is providing the following guidance for the fiscal fourth quarter ending June 30, 2021.
|
Q4 FY21 Guidance |
|
Total revenue (millions) |
|
|
Year-over-year total revenue growth |
|
|
BILL HOLDINGS, INC
NYSE:BILLBILL RankingsBILL Latest NewsMay 21, 2025
BILL to Participate in Upcoming Investor Conferences
BILL Latest SEC FilingsJun 24, 2025
[144] BILL Holdings, Inc. SEC Filing
BILL Stock Data
4.56B
93.36M
9.18%
95.64%
7.17%
Software - Application
Services-prepackaged Software
United States
SAN JOSE
|