BILL HOLDINGS, INC Stock Price, News & Analysis

BILL (NYSE: BILL) reported a strong second fiscal quarter, with total revenue reaching $260.0 million, reflecting a 66% year-over-year increase. Core revenue, consisting of subscription and transaction fees, was $231.1 million, up 49% year-over-year. Notably, non-GAAP net income stood at $49.4 million, or $0.42 per diluted share. The company processed $67.3 billion in total payment volume, a 15% increase from the previous year. A share repurchase program for up to $300 million of common stock was also announced. The outlook for Q3 FY23 anticipates total revenue between $245 million and $248 million.

BILL (NYSE: BILL) announced a share repurchase program authorized to buy back up to $300 million of its common stock. CFO John Rettig expressed confidence in the company's solid business foundation and future growth potential. The repurchase will occur through open market purchases and other means, with the program lasting 12 months and subject to market conditions. BILL aims to return capital to shareholders while minimizing dilution and leveraging its strong cash flow. Further details were provided in a Form 8-K filed on February 2, 2023 with the SEC.

BILL (NYSE: BILL), a leader in financial automation for small and midsize businesses, will announce its fiscal second quarter results for the period ending December 31, 2022, on February 2, 2023, post-market.

Investors can join a webcast at 1:30 PM PT (4:30 PM ET) on the same day to discuss these results. Detailed financial data will be made available via the BILL investor relations website, which will also host a replay of the webcast.

BILL (NYSE: BILL), a leader in financial automation software for SMBs, has successfully acquired Finmark, a financial planning software provider. This acquisition aims to enhance BILL's offerings, enabling SMBs to gain comprehensive cash flow insights and streamline financial operations. CEO René Lacerte emphasized the shared vision of supporting SMBs' success, while the Chief Product Officer highlighted the added capabilities and integrations Finmark brings to BILL’s platform. The deal is positioned to accelerate digital transformations for SMBs across markets.

BILL (NYSE:BILL) has announced its participation in several upcoming investor conferences aimed at small and midsize businesses. These events include the Citi 12th Annual Financial Technology Conference on November 14, 2022, the Wells Fargo 6th Annual TMT Summit on November 29, 2022, and the Credit Suisse 26th Annual Technology Conference on November 30, 2022. Live webcasts of these presentations will be accessible through the company's investor relations website. BILL specializes in financial automation software, streamlining financial workflows for hundreds of thousands of businesses.

BILL (NYSE: BILL) reported impressive financial results for Q1 FY23, with total revenue reaching $229.9 million, a 94% increase year-over-year. Core revenue also grew by 83% to $214.6 million. Non-GAAP gross profit was $197.2 million, yielding an 85.8% gross margin. Despite a net loss of $81.6 million ($0.78 per share), the company achieved non-GAAP profitability with a net income of $16.9 million ($0.14 per share). BILL now serves nearly 420,000 businesses and processed $64.9 billion in payment volume, reflecting a robust growth trajectory.

BILL has announced the acquisition of Finmark, a financial planning software provider designed for small and midsize businesses (SMBs). This strategic move aims to enhance BILL's cash flow insights and reporting capabilities, making financial management simpler for SMBs. The acquisition is approved by both companies’ Boards and is expected to finalize by year-end, pending customary closing conditions. The integration of Finmark’s tools is projected to empower SMBs with automated forecasting and data-driven decision-making.

BILL (NYSE:BILL), a leader in financial automation software for small and midsize businesses (SMBs), has announced the appointment of Alison Wagonfeld to its board of directors. With 25 years of experience, Wagonfeld is currently the Vice President of Marketing at Google Cloud and has contributed to its significant growth since 2016. Her expertise in cloud business development and digital transformation is expected to provide valuable insights as BILL continues to scale its operations globally, enhancing its service for SMBs.