BILL HOLDINGS, INC Stock Price, News & Analysis

BILL (NYSE:BILL), a leading financial operations platform for small and midsize businesses (SMBs), has announced its upcoming participation in the Morgan Stanley Technology, Media & Telecom Conference. The event will take place in San Francisco on Tuesday, March 4, 2025 at 11:30 a.m. PST.

Investors and interested parties can access a live webcast of the presentation through https://investor.bill.com. The webcast recording will remain available for approximately one year after the event on BILL's Investor Relations website. The company notes that the presentation timing may be subject to change.

BILL (NYSE: BILL) reported strong Q2 FY2025 financial results with total revenue reaching $362.6 million, up 14% year-over-year. Core revenue increased 16% to $319.6 million, driven by transaction fees of $251.9 million (+19% YoY) and subscription fees of $67.7 million (+7% YoY).

The company achieved a non-GAAP operating income of $62.8 million, up 41.8% YoY, and processed $84 billion in total payment volume (+13% YoY). BILL now serves 481,300 businesses and completed a $1.4 billion convertible notes offering. The company also repurchased $200 million worth of common stock and restructured existing convertible notes.

For Q3 FY25, BILL projects revenue between $352.5-357.5 million with 9-11% YoY growth, and FY25 guidance of $1,454-1,469 million with 13-14% YoY growth.

Financial operations platform BILL (NYSE:BILL) has announced it will release its fiscal second quarter 2025 financial results on Thursday, February 6, 2025, after market close. The company will host a conference call with management at 1:30 p.m. PST to discuss the results. Investors can access the earnings release and live webcast through BILL's investor relations website, where the webcast replay will remain available for approximately one year.

BILL (NYSE: BILL) has announced the appointment of two new board members: fintech executive Keri Gohman and software leader Dan Wernikoff. Gohman brings extensive experience in financial services, having worked with companies like GE, Capital One, Intuit, and Xero. She previously led Capital One's Small Business Bank and served as CEO of CARET. Wernikoff, former CEO of LegalZoom, brings over 15 years of experience in software and payment industries, notably transforming QuickBooks from a desktop to a global cloud-based ecosystem during his tenure at Intuit.

The appointments come as board members Pete Kight and Scott Wagner step down, with Kight transitioning to a Director Emeritus role. BILL, which processes approximately 1% of US GDP, aims to strengthen its position in delivering financial operations solutions for small and midsize businesses (SMBs).

BILL (NYSE: BILL) has announced a new 1099 Filing solution integrated into its financial operations platform for small and midsize businesses (SMBs). The solution allows businesses to manage accounts payable and 1099 forms from a single platform, offering features such as W-9 document collection, vendor eligibility marking, expense categorization, and automated form generation and filing with the IRS.

The platform enables electronic or physical delivery of 1099s to vendors and supports state filing for states participating in the Combined Federal/State Filing program. W-9 collection capabilities are currently available, with additional 1099 features set to launch on January 2, 2025.

BILL Holdings has successfully closed its offering of $1.4 billion 0% Convertible Senior Notes due 2030, including the full exercise of the $150.0 million option by initial purchasers. The net proceeds of approximately $1.38 billion were used to: repurchase $133.9 million of 2025 Notes for $130.8 million, repurchase $451.5 million of 2027 Notes for $408.6 million, repurchase 2,260,397 shares of common stock for $200.0 million, and pay $93.0 million for capped call transactions.

The Notes will mature on April 1, 2030, with an initial conversion rate of 8.3718 shares per $1,000 principal amount, equivalent to a conversion price of $119.45 per share, representing a 35% premium to the closing price of $88.48 on December 3, 2024.

BILL Holdings has priced a $1.25 billion offering of 0% Convertible Senior Notes due 2030, upsized from the initially announced $1.0 billion. The company expects net proceeds of approximately $1.23 billion, which will be used to: repurchase $133.9 million of 2025 Notes, $451.5 million of 2027 Notes, repurchase 2.26 million shares of common stock for $200 million, and pay $83 million for capped call transactions.

The Notes will mature on April 1, 2030, with an initial conversion rate of 8.3718 shares per $1,000 principal amount, equivalent to a conversion price of $119.45 per share. This represents a 35% premium to the closing price of $88.48 on December 3, 2024.

BILL Holdings (NYSE: BILL) announced plans to offer $1.0 billion in convertible senior notes due 2030, with an additional $150 million option for initial purchasers. The notes will be convertible to cash, common stock, or a combination thereof. The company plans to use proceeds to fund capped call transactions, repurchase existing convertible notes due 2025 and 2027, and buy back up to $200 million of common stock. The notes will mature on April 1, 2030, with interest payable semiannually. BILL will enter into capped call transactions to offset potential dilution and reduce cash payments beyond principal amounts.

BILL (NYSE:BILL), a financial operations platform for small and midsize businesses, has announced its participation in the upcoming UBS Global Technology and AI Conference scheduled for Wednesday, December 4, 2024, at 1:55 p.m. PT.

A live webcast and replay will be accessible through BILL's investor relations website. The company's integrated platform specializes in automating payables, receivables, and spend management for SMBs, serving hundreds of thousands of businesses through its proprietary network of millions of members to facilitate faster payments.