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Total Payment Volume
Measures the total value of payments processed, indicating the scale of operations and potential revenue growth from transaction fees.Bill.com's TPV shows a steady secular rise with pronounced, recurring Q1 softness — the business pushed to new record volumes across 2024–25, indicating deeper SMB adoption and clear monetization potential. The March-quarter pullbacks have historically looked seasonal, but the recent drop after the 2025 peak means investors should watch whether Q2 resumes the uptrend; sustained weakness would point to pricing, churn, or macro pressure, while a rebound would confirm that growth remains platform-driven and scalable.
Date | Total Payment Volume |
|---|---|
Jun 30, 2026 | $98.20B |
Mar 31, 2026 | $88.70B |
Dec 31, 2025 | $95.10B |
Sep 30, 2025 | $89.30B |
Jun 30, 2025 | $86.00B |
Mar 31, 2025 | $79.00B |
Dec 31, 2024 | $84.00B |
Sep 30, 2024 | $80.00B |
Jun 30, 2024 | $76.00B |
Mar 31, 2024 | $71.00B |