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Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.Bill.com is clearly prioritizing growth: Sales & Marketing has re-emerged as the largest and fastest-growing expense, signaling renewed customer-acquisition investment, while R&D — after multi-year expansion — has been trimmed recently, suggesting a shift from heavy product spend to monetization and efficiency. G&A shows episodic spikes consistent with one-time/integration costs but is generally moderating, and declining depreciation/amortization reduces non‑cash headwinds. That mix creates potential for near-term operating leverage if S&M productivity holds, but margin risk if new spend fails to convert to durable revenue.
Date | Sales and Marketing | Research and Development | General and Administrative | Depreciation and Amortization of Intangibles |
|---|---|---|---|---|
Jun 30, 2026 | $158.41M | $63.07M | $70.71M | $8.24M |
Mar 31, 2026 | $153.20M | $74.40M | $72.30M | $8.48M |
Dec 31, 2025 | $155.40M | $82.80M | $79.50M | $8.38M |
Sep 30, 2025 | $149.20M | $80.30M | $76.90M | $8.07M |
Jun 30, 2025 | $148.10M | $90.05M | $70.17M | $7.91M |
Mar 31, 2025 | $136.76M | $86.54M | $88.80M | $7.86M |
Dec 31, 2024 | $132.53M | $84.78M | $92.48M | $7.86M |
Sep 30, 2024 | $126.32M | $78.69M | $66.77M | ― |
Jun 30, 2024 | $123.73M | $79.61M | $70.50M | $11.67M |
Mar 31, 2024 | $118.11M | $81.59M | $81.57M | $12.26M |