Bill.com Holdings (BILL) AI Stock Analysis

• Market Cap: $4.50B
• Dividend Yield: N/A
• Average Volume (3M): 2.18M
• Price to Earnings (P/E): 482.3
• Beta (1Y): 1.28
• Revenue Growth: 14.52%
• EPS Growth: N/A
• Country: US
• Employees: 2,187
• Sector: Technology
• Sector Strength: 82
• Industry: Software - Application
• EPS (TTM): 0.50
• Shares Outstanding: 103,027,140
• 10 Day Avg. Volume: 2,247,943
• 30 Day Avg. Volume: 2,175,276
• PEG Ratio: 1.62
• Price to Book (P/B): 3.03
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 79.09
• Enterprise Value/Market Cap: 2.82
• Enterprise Value/Revenue: 2.33
• Enterprise Value/Gross Profit: 11.08
• Enterprise Value/Ebitda: 33.38
• 1Y Price Target: $58.78
• Price Target Upside: 34.51% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 21

• Rating: 68 Neutral
• Price Target: $48.00 ▲(9.84%Upside)

Bill.com Holdings' strong financial performance and strategic advancements in AI and product offerings are significant positives. However, technical analysis indicates weak momentum, and high valuation metrics suggest potential overvaluation. Macroeconomic challenges highlighted in the earnings call also present risks to growth.

Positive Factors

Market Position

BILL's market share remains in single digits, and the company is making progress on a number of fronts that should further solidify its position as the leading financial operations platform for SMBs.

Product Development

The company recently launched advanced products for large businesses, like multi-entity management, procurement, and mass payments.

Valuation

The valuation remains undemanding, providing a limited downside risk and an attractive risk-reward profile if growth improves.

Negative Factors

Financial Guidance

Management lowered full year core revenue guidance to $1,290-$1,300M from $1,297-$1,312M due to macroeconomic headwinds.

Macro Environment

The uncertain macro environment and lack of positive catalysts are contributing to a less favorable short-term outlook for the company.

SMB Spending Trends

SMB spending trends have deteriorated and likely remain under pressure for some time, which make FY26 TPV estimates look high.

Bill.com Holdings Business Overview & Revenue Model

Company Description

Bill.com Holdings, Inc. provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency. It also offers onboarding implementation support, and ongoing support and training services. The company serves accounting firms, financial institutions, and software companies. Bill.com Holdings, Inc. was incorporated in 2006 and is headquartered in San Jose, California.

How the Company Makes Money

Bill.com generates revenue primarily through a subscription-based model, charging businesses a fee for accessing its cloud-based platform. This subscription fee varies based on the level of service and features utilized by the customer. In addition to subscription revenue, Bill.com earns money through transaction fees when businesses use its platform to process payments. The company also benefits from partnerships with financial institutions and accounting firms, which help expand its customer base and enhance its service offerings. By continuously innovating and expanding its ecosystem, Bill.com aims to increase customer engagement and drive further revenue growth.

Bill.com Holdings Financial Statement Overview

Summary

Bill.com Holdings shows strong financial performance with impressive revenue growth and improving profitability. The balance sheet indicates financial stability and manageable leverage. Positive cash flow metrics highlight operational efficiency and cash generation abilities. While there are areas for improvement in operating margins, the overall financial health is robust.

Income Statement

Bill.com Holdings demonstrates impressive revenue growth, with a significant increase from $641.96M in 2022 to $1.42B TTM (Trailing-Twelve-Months). Gross profit margin remains robust at 80.41% TTM, indicating efficient cost management. The net profit margin has improved to 2.70% TTM from negative in prior years, reflecting a turnaround in profitability. However, EBIT and EBITDA margins show room for improvement, standing at only 0.11% and 9.70% TTM, respectively. Overall, the company exhibits strong growth potential with improving profitability metrics.

Balance Sheet

The balance sheet reflects a solid equity base with an equity ratio of 40.18% TTM, indicating financial stability. Debt-to-equity ratio is at 0.41, showing a moderate level of leverage. Return on equity has turned positive at 0.99% TTM, recovering from negative performance in previous years. The company maintains a healthy cash position, which supports its operational and financial flexibility. However, a slight decline in stockholders' equity from 2024 is noted, which may require monitoring.

Cash Flow

Cash flow from operations has shown strong growth, reaching $345.45M TTM, which translates to a robust operating cash flow to net income ratio of 8.98 TTM. Free cash flow has also grown significantly, with a free cash flow to net income ratio of 8.80 TTM. This indicates efficient cash management and the ability to generate cash beyond operational needs. The free cash flow growth rate is a healthy 31.19% compared to the previous period. Overall, the cash flow position is strong, supporting the company's growth initiatives.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
1.42B	1.29B	1.06B	641.96M	238.26M	157.60M
	Gross Profit
1.14B	1.06B	864.49M	496.95M	176.46M	118.46M
	EBIT
1.51M	-174.16M	-295.77M	-316.82M	-113.97M	-34.20M
	EBITDA
138.01M	96.03M	-102.54M	-225.16M	-96.36M	-26.55M
	Net Income Common Stockholders
38.47M	-28.88M	-223.72M	-326.36M	-98.72M	-31.09M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.17B	1.59B	2.66B	2.71B	1.16B	697.62M
	Total Assets
9.63B	9.18B	9.64B	9.26B	5.97B	2.40B
	Total Debt
1.59B	976.85M	1.91B	1.86B	1.08B	2.30M
	Net Debt
546.13M	-9.09M	295.15M	259.27M	566.40M	-571.34M
	Total Liabilities
5.76B	5.04B	5.55B	5.21B	3.44B	1.69B
	Stockholders Equity
3.87B	4.13B	4.09B	4.04B	2.53B	710.72M
Cash Flow		Free Cash Flow
338.38M	257.88M	156.56M	-33.73M	-16.58M	-16.51M
	Operating Cash Flow
345.45M	278.77M	187.77M	-18.09M	4.62M	-4.43M
	Investing Cash Flow
-816.79M	-409.37M	259.29M	-1.13B	-1.43B	-249.49M
	Financing Cash Flow
-20.20M	-742.60M	235.11M	2.88B	1.64B	863.13M

Bill.com Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 43.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BILL, the sentiment is Positive. The current price of 43.7 is below the 20-day moving average (MA) of 44.04, below the 50-day MA of 44.34, and below the 200-day MA of 61.64, indicating a neutral trend. The MACD of -0.58 indicates Positive momentum. The RSI at 50.26 is Neutral, neither overbought nor oversold. The STOCH value of 46.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BILL.

Bill.com Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PYCR	74 Outperform	$4.09B	―	-1.66%	―	15.72%	74.59%
FRSH	72 Outperform	$4.35B	―	-6.85%	―	20.46%	39.37%
FROG	68 Neutral	$4.66B	―	-10.47%	―	21.66%	-50.24%
BILL	68 Neutral	$4.50B	482.28	0.97%	―	14.52%	―
QTWO	62 Neutral	$5.51B	―	-3.95%	―	13.12%	75.24%
ASAN	61 Neutral	$3.09B	―	-83.36%	―	9.84%	13.74%
Sector *	55 Neutral	$3.08B	4.59	-5.40%	6.77%	8.17%	-52.13%

Bill.com Holdings Corporate Events

Bill.com Holdings Announces New CFO Appointment

On June 2, 2025, BILL Holdings announced the appointment of Rohini Jain as Chief Financial Officer, effective July 7, 2025. Jain, who previously held senior roles at PayPal, Walmart, and eBay, will lead finance strategy at BILL, reporting to CEO René Lacerte. John Rettig, the current President and CFO, will transition to President and COO to further accelerate the company’s growth. This leadership change is part of BILL’s strategy to enhance its position as a leader in financial operations for SMBs, leveraging AI and innovation to expand its services and support for businesses.

The most recent analyst rating on (BILL) stock is a Hold with a $58.00 price target. To see the full list of analyst forecasts on Bill.com Holdings stock, see the BILL Stock Forecast page.

Bill.com Holdings Secures $300M Credit Agreement

On May 23, 2025, Odin Financing, LLC, a subsidiary of BILL Holdings, Inc., entered into a Revolving Credit and Security Agreement with JPMorgan Chase Bank, providing up to $300 million in revolving loans to purchase BILL Divvy Corporate Card receivables. This agreement, which matures on November 23, 2027, includes a limited guaranty and indemnity agreement and is secured by the receivables and related collateral. The facility bears interest based on a secured overnight financing rate plus a margin, and includes covenants and events of default typical for such agreements.

The most recent analyst rating on (BILL) stock is a Hold with a $58.00 price target. To see the full list of analyst forecasts on Bill.com Holdings stock, see the BILL Stock Forecast page.