BILL HOLDINGS, INC Stock Price, News & Analysis

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.

BILL (NYSE: BILL), a financial operations platform for SMBs, announced its Q1 FY2025 financial results. Total revenue rose 18% year-over-year to $358.5 million, driven by a 19% increase in core revenue to $314.9 million. Subscription fees grew 8% to $67.4 million, while transaction fees surged 22% to $247.5 million. The company achieved a gross profit of $293.8 million with an 82% gross margin.

Non-GAAP operating income doubled to $67.1 million. Net income was $8.9 million, or $0.08 per share, compared to a net loss of $27.9 million in Q1 FY2024. BILL also repurchased $200 million in common stock. The company served 476,200 businesses and processed $80 billion in total payment volume.

For Q2 FY2025, BILL expects revenue between $355.5 million and $360.5 million, and for FY2025, revenue between $1.439 billion and $1.464 billion.

BILL (NYSE: BILL) has been named a 2024 Power Partner Award winner by Inc. in the Financial Services category for the second consecutive year. The company serves as a financial operations platform for small and midsize businesses (SMBs), helping over 470,000 businesses manage their financial operations. BILL's platform processed nearly $300 billion in payment volume and facilitated more than 100 million payment transactions in FY24, representing approximately 1% of U.S. GDP. The platform connects 7.1 million network members for electronic payments, focusing on automating bill payments, receivables, and expense management for SMBs.

BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), has announced it will report its fiscal first quarter 2025 financial results on Thursday, November 7, 2024, after the market close. The company will host a webcast at 1:30pm PT (4:30pm ET) on the same day to discuss the results.

The news release containing the financial results and a link to the webcast will be available on BILL's investor relations website (https://investor.bill.com). For those unable to attend the live event, a replay of the webcast will also be accessible on the company's investor relations website.

BILL, a financial operations platform for SMBs, has announced new payment offerings to enhance speed, ease, and security for businesses and accountants. The innovations include:

1. Local Transfer: A new international payment option allowing same-day payments in local currencies without intermediary bank fees.

2. Instant Payment: An enhanced feature enabling real-time payments within the U.S., available 24/7 including holidays.

3. Invoice Financing: A simplified process offering up to $100,000 in short-term credit against outstanding invoices, accessible within 5-10 minutes after approval.

These offerings aim to provide SMBs with more flexibility, control, and access to capital, addressing the increasing complexity of global payments and cash flow management.

BILL (NYSE: BILL), a leading financial operations platform for SMBs, has appointed Bobbie Grafeld as its new Chief People Officer. Grafeld, who brings over 20 years of experience in driving people transformation and aligning employee initiatives with company strategies, will oversee the People Team and report directly to CEO and Founder René Lacerte.

Grafeld's impressive background includes roles as Chief People Officer at RingCentral and 2K Games, as well as HR and business leadership positions at Walmart, eBay, PayPal, and Wells Fargo Bank. Her expertise in fostering top talent, driving business scale, and developing high-performing, diverse teams aligns with BILL's growth objectives and company culture.

As a former small business owner, Grafeld understands the challenges entrepreneurs face, making her well-suited to contribute to BILL's mission of helping SMBs and accountants succeed.