Bill.com Holdings, Inc. (BILL) Stock

Bill.com Holdings, Inc. (BILL) is a Technology stock trading at $47.41 (as of 2026-08-20), with a market capitalization of $4.04B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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.

Understand Bill.com Holdings, Inc.: how it makes money

Bill.com provides cloud software that helps small and midsize businesses automate back-office financial workflows, including accounts payable and accounts receivable, spend and expense, and business connections, and it makes money through SaaS subscription fees and transaction fees tied to those financial activities.

Bill’s profit model is built around monetizing “Core Revenue,” which is defined as subscription and transaction fees from its integrated platform workflows for accounts payable and receivable and spend and expense.

Revenue by segment (latest quarter)
Core$0.4B

Business quality (Weak): Clear product and revenue drivers are provided (core revenue, integrated platform, transaction fees), but there is no official segment structure beyond these revenue breakdown labels and no growth or cohort metrics included.

Valuation: Trades at 369× trailing earnings · $3B market cap.

Bull case

  • High gross margin (81.6%) for the quarter ended 2026-03-31: This supports the idea that software pricing and workflow automation can generate strong economics before operating expenses.
  • Core Revenue is large relative to total revenue (0.37B of 0.4B): This suggests most monetization comes from the company’s main subscription and transaction fee engine rather than small, one-off revenue streams.
  • Transaction Fees Revenue is substantial (0.28B): Along with Spend and Expense Revenue (0.17B), it indicates multiple ways to monetize recurring financial operations on the platform.

Bear case

  • Operating margin is negative (operating_margin_pct: -0.1) for the quarter ended 2026-03-31: Even with strong gross margin, operating costs have outweighed gross profit in this period.
  • A meaningful portion of revenue is transaction-related (Transaction Fees Revenue: 0.28B, Transaction Revenue: 0.2B): If transaction activity slows, transaction-fee-based monetization could become a headwind.
Valuation — source: SEC EDGAR (first-party)
Price$47.41
Market Cap$4.04B
Price / Book1.15
Price / Sales2.57
FCF Yield21.3%
DCF Value (model)$41.41
DCF Upside vs Price-12.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.65B
Net Margin-0.7%
Return on Equity-0.3%
Debt / Equity0.52
Current Ratio1.51
Revenue Growth (YoY)13.0%
EPS Growth (YoY)-147.8%
FCF Growth (YoY)19.1%
Financial Health — source: SEC EDGAR
Altman Z-Score0.51 (distress)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($556.04M)
Institutional Holders Tracked10
Congressional Trades (recent)4
Company
SectorTechnology
IndustryBusiness Services
CEORene A. Lacerte
Employees2,187
CountryUS
IPO Date2019-12-12

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BILL earnings history · BILL institutional & insider holders · BILL KPIs & operating metrics · BILL financials · BILL investor presentations & press releases · BILL SEC filings · BILL peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.