BILL Holdings, Inc. reports on an intelligent finance platform for small and midsize businesses, accountants, and growing companies. The company’s recurring updates cover accounts payable, accounts receivable, spend and expense management, forecasting, procurement, B2B payments, and AI-enabled finance workflows.
Company news also includes quarterly financial results, subscription and transaction revenue trends, float revenue, share repurchase authorizations, product launches such as BILL Travel, expanded Supplier Payments Plus capabilities, and integrations with accounting and ERP providers. Other recurring items include investor-conference participation and developments across the company’s payments network and software ecosystem.
Bill.com (NYSE: BILL) has entered a definitive agreement to acquire Divvy for approximately $2.5 billion in cash and stock. This acquisition aims to enhance Bill.com’s offerings by integrating Divvy’s spend management solutions, allowing small and midsize businesses (SMBs) to manage all financial operations in one platform. The deal, backed by both companies' boards, is projected to close by the end of Bill.com’s first fiscal quarter. Customers will benefit from increased automation and real-time financial insights, empowering better budget management and spending decisions.
Bill.com (NYSE: BILL) reported strong financial results for Q3 FY21, with total revenue of $59.7 million, a 45% increase year-over-year. Core revenue grew 62% to $58.6 million, driven by a 112% surge in transaction fees. The company processed $35 billion in total payment volume, up 44% year-over-year. Despite a net loss of $26.7 million or ($0.32) per share, cash reserves remain strong at $1.7 billion. Looking ahead, guidance for Q4 FY21 predicts revenue between $60.9 million and $61.9 million.
Bill.com (NYSE:BILL) has partnered with Square and regional organizations to support small and midsize businesses (SMBs) during the pandemic. A free webinar on May 11, 2021, will offer insights on customer strategies and digital tools for operational success. Webinar registrants can access special promotions, including a 90-day free trial of Bill.com’s platform and waived processing fees from Square. Regional leaders will discuss survey results regarding SMB confidence and sustainability, aiming to equip businesses with necessary tools for the future economic recovery.
Bill.com (NYSE: BILL) has announced an expansion of its partner ecosystem with Microsoft Dynamics 365, including integrations with Business Central and GP. This new development aims to streamline financial processes for small and midsize businesses (SMBs) by enhancing accounts payables (AP) and accounts receivables (AR) workflows. Key benefits include significant time savings, real-time cash flow management, and improved payment accuracy. The integration is live, allowing users to automate their financial operations efficiently.
Bill.com (NYSE: BILL) will report its financial results for the fiscal third quarter ending March 31, 2021, on Thursday, May 6, 2021, after the market close. A webcast discussing the results is scheduled for 1:30 PM PT (4:30 PM ET) on the same day. Investors can access the news release and the webcast link on the company's investor relations website. Bill.com specializes in cloud-based software that automates complex financial operations for small and midsize businesses, helping streamline cash flow management and improve financial workflows.
Bill.com (NYSE:BILL) has appointed Rory Byrne as Vice President of Corporate Development, a role aimed at enhancing the company’s mergers and acquisitions strategy. Byrne brings over 20 years of extensive experience in fintech and corporate development, having held executive positions in organizations like Visa and Billtrust. CEO René Lacerte emphasized the importance of M&A for future growth, stating that the addition of Byrne is expected to strengthen Bill.com’s ability to support small and midsize businesses in automating their financial operations.
Bill.com (NYSE: BILL) has announced its participation in two upcoming investor conferences. The first is the Morgan Stanley 2021 Global TMT Conference, scheduled for Monday, March 1, 2021, at 12:30 PM ET. The second event is the Wolfe Research FinTech Forum, set for Wednesday, March 10, 2021, at 11:20 AM ET. Live webcasts and replays of these presentations will be accessible on Bill.com's investor relations website. The company specializes in cloud-based software that streamlines financial operations for small and midsize businesses.
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Bill.com (NYSE: BILL) announced its participation in upcoming investor conferences, including the Goldman Sachs Technology and Internet Conference on February 10, 2021, at 11:20 AM ET and the KeyBanc 16th Annual Virtual Emerging Tech Summit on February 24, 2021, at 1:10 PM ET. Live webcasts and replays will be accessible on the company's investor relations website. Bill.com specializes in cloud-based software to automate financial operations for small and midsize businesses, enhancing efficiency in cash flow management.
Bill.com (NYSE: BILL) reported strong financial results for Q2 fiscal 2021, posting $54.0 million in total revenue, up 38% year-over-year. Core revenue climbed 59% to $52.3 million. Subscription fees increased 33% to $26.6 million, while transaction fees soared 98% to $25.7 million. Despite a GAAP net loss of $17.2 million (or ($0.21) per share), non-GAAP net loss improved to $2.1 million (or ($0.03) per share). The company processed $34.8 billion in payment volume, growing 40% year-over-year, and served 109,200 customers, a 27% increase.