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NEW YORK STOCK EXCHANGE, INC. · Technology · CIK 0001786352
$49.09
+7.44% · delayed ~15 min
Last price from Oct 20, 2026
$4.52B market value
From BILL Holdings, Inc.'s FY2026 10-K, filed Aug 20, 2026 · read the filing
BILL makes and sells software and computing services. It took in $1.65B last year, which makes it a mid-sized company. It spends more than it earns — losing about 1 cents on every dollar of sales.
The financial picture is led by debt and accounting, with growth worth watching, while profitability remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Recent open-market selling by Lacerte Rene A., not under a pre-arranged plan.
$12.5M sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Generally healthy, with a few things to watch.
From BILL Holdings, Inc.'s FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Profit
$23.8M → -$11.2M
Earnings per share
$0.23 → -$0.12
Shares in issue
103.0M → 92.1M
Free cash flow
$346.3M → $412.5M
Measured against FY2025, from the 10-K filed Aug 20, 2026
Deteriorated: turned negative
$23.8M to -$11.2MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
BILL rose 7.44% on the latest quote. The average Technology company tracked here moved −1.27%, and the S&P 500 −1.04%. That is 8.7 points above its sector and 8.5 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to shrink by about 0% a year for the next 10 years. Over the last 3 years it grew by about 32% a year.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $11.2M last year, losing about 1 cents on every dollar of sales.
Slowly. Sales grew 13.0% last year.
No. At its current cash flow it could clear its debt in about 1.9 years. For every $1 it owes, it owns $1.53 in assets.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2026 annual filing
Last year it lost $11.2M and generated $415.8M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Aug 20, 2026Filing for FY2026 | FY202510-K · Aug 28, 2025Filing for FY2025 | FY202410-K · Aug 23, 2024Filing for FY2024 | FY202310-K · Aug 23, 2024Filing for FY2023 | FY202210-K · Aug 23, 2024Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $1.65B | $1.46B | $1.29B | $1.06B | $642.0M | +13.0% |
| Cost of revenue | $315.3M | $272.1M | $234.6M | $194.0M | $145.0M | +15.9% |
| Gross profit | $1.34B | $1.19B | $1.06B | $864.5M | $497.0M | +12.4% |
| Gross marginGross profit ÷ revenueWhat is this? | 80.9% | 81.4% | 81.8% | 81.7% | 77.4% | −0.5 pts |
| Selling, general and administrative | $299.4M | $281.9M | $277.7M | $249.1M | $221.0M | +6.2% |
| Operating income | -$73.4M | -$80.6M | -$174.2M | -$295.8M | -$316.8M | +8.9% |
| Operating marginOperating income ÷ revenueWhat is this? | -4.4% | -5.5% | -13.5% | -27.9% | -49.4% | +1.1 pts |
| Interest expense | — | — | $19.2M | $15.2M | $9.4M | — |
| Income before tax | -$10.1M | $30.4M | -$26.3M | -$222.9M | -$330.7M | n/m |
| Net income | -$11.2M | $23.8M | -$28.9M | -$223.7M | -$326.4M | n/m |
| Net marginNet income ÷ revenueWhat is this? | -0.7% | 1.6% | -2.2% | -21.1% | -50.8% | −2.3 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-0.1221 | $0.231 | $-0.2708 | $-2.10 | $-3.12 | n/m |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Exercised stock options — 2,611 shares
Holds 2,611 shares after this filing.
Exercised stock options — 2,611 shares
Holds 2,611 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Made a Regulation FD disclosure
Read the filingAnnual report for FY2026
Revenue +13.0% · Operating margin +1.1 pts · Profit turned negative — against FY2025
Read the filingWrite down why you are following BILL Holdings, Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 20 subsidiaries named in its 10-K, incorporated across 3 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from BILL's 10-K for fiscal year 2026 (period ending 2026-06-30, filed Aug 20, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 7.0 | 4/9 | 10-K, filed Aug 20, 2026 |
| FY2025 | 8.0 | 7/9 | 10-K, filed Aug 28, 2025 |
| FY2024 | 6.0 | 7/9 | 10-K, filed Aug 23, 2024 |
| FY2023 | 6.0 | 7/9 | 10-K, filed Aug 29, 2023 |
| FY2022 | 4.0 | 4/9 | 10-K, filed Aug 22, 2022 |
| FY2021 | 4.7 | 3/8 | 10-K, filed Aug 30, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
4 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
1.45
In the grey zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.76
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Deteriorated: turned negative
$0.23 to -$0.12Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: -10.6%
103.0M to 92.1MCritical
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Improved: +19.1%
$346.3M to $412.5MSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Changed: -23.1%
$4.3M to $3.3MSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +13.0%
$1.46B to $1.65BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +12.4%
$1.19B to $1.34BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: $7.2M narrower
-$80.6M to -$73.4MNotable
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +1.1 pts
-5.5% to -4.4%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −2.3 pts
1.6% to -0.7%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: +7.1%
$1.71B to $1.84BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
2 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between -2% and 2%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 29 analysts covering this company, as of . Their views, not this site's.
Of 29 analysts publishing on this company, 8 say strong buy, 11 say buy and 10 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 11.6% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
Sold on the open market — 40,357 shares at $48.00 ($1.9M)
Holds 100,899 shares after this filing.
Sold on the open market — 100,899 shares at $48.59 ($4.9M)
Holds 0 shares after this filing.
Sold on the open market — 11,765 shares at $48.01 ($564.9K)
Holds 87,828 shares after this filing.
Sold on the open market — 26,974 shares at $48.59 ($1.3M)
Holds 60,854 shares after this filing.
Sold on the open market — 10,636 shares at $48.01 ($510.7K)
Holds 194,364 shares after this filing.
Sold on the open market — 24,364 shares at $48.59 ($1.2M)
Holds 170,000 shares after this filing.
Sold on the open market — 10,970 shares at $49.86 ($547.0K)
Holds 173,279 shares after this filing.
Sold on the open market — 10,154 shares at $50.50 ($512.8K)
Holds 163,125 shares after this filing.
Sold on the open market — 15,372 shares at $50.01 ($768.8K)
Holds 168,877 shares after this filing.
Sold on the open market — 5,752 shares at $50.62 ($291.2K)
Holds 163,125 shares after this filing.
Exercised stock options — 24,627 shares
Holds 141,859 shares after this filing.
Exercised stock options — 24,293 shares
Holds 166,152 shares after this filing.
Had shares withheld to cover taxes — 24,896 shares at $50.31 ($1.3M)
Holds 141,256 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 19,893 shares ($946.9K) on or after .
Shares originally obtained via Restricted Stock Units.
Filed notice to sell 21,124 shares ($1.0M) on or after .
Shares originally obtained via Previously Exercised Options.
Filed notice to sell 21,124 shares ($1.0M) on or after .
Shares originally obtained via Previously Exercised Options.
Filed notice to sell 35,000 shares ($1.7M) on or after .
Shares originally obtained via Founders Shares.
Filed notice to sell 141,256 shares ($6.7M) on or after .
Shares originally obtained via Employee Stock Purchase Plan.
Filed notice to sell 38,739 shares ($1.8M) on or after .
Shares originally obtained via Restricted Stock Units.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Published results
Had a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2026
Revenue +13.5% · Operating margin +8.0 pts · Operating income $28.5M narrower — against Q3 FY2025
Read the filingAnnounced restructuring or exit costs · Published results · Made a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join
Read the filingQuarterly report for Q2 FY2026
Revenue +14.4% · Operating margin +1.6 pts · Profit turned negative — against Q2 FY2025
Read the filingPublished results
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +10.4% · Operating margin −3.1 pts · Operating income $13.0M wider — against Q1 FY2024
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join
Read the filingSigned a material agreement · Had a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2025
Revenue +13.4% · Operating margin +8.0 pts · Operating income $93.6M narrower — against FY2024
Read the filingSource: Exhibit 21 of the 10-K filed 2026-08-20. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
Coverage from the last 30 days
BILL Recognized as a 2026 Inc. Power Partner Award Winner for the Fourth Consecutive Year
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Why BILL (BILL) Stock Is Trading Up Today
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BILL vs. ADYEY: Which Stock Is the Better Value Option?
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Live On CNBC, Rob Sechan Announces Bought ServiceNow; Sold Adobe
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Visa, BILL and Billtrust Launch First Live Pilot for Trusted AI Agent Payments Between Buyer and Supplier Platforms
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Visa Partners With Bill.com And Billtrust To Launch First Live Pilot For Trusted AI Agents To Initiate And Complete Approved Buyer Invoice Payments
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BILL Launches New Suite of AI Capabilities to Put Finance Teams in Control of AI and Protect Every Dollar
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BILL Surpasses $2 Trillion in Cumulative Total Payment Volume
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BILL Unveils New AI-Powered Finance Tools, Payment Volume Crosses $2 Trillion Milestone
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Did Profit Outlook Reset Just Shift Bill's (BILL) Investment Narrative?
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BILL Holdings (BILL) Guidance Update Puts Its Valuation Back In Focus
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BILL (BILL) Is Growing Earnings Faster Than Revenue. What Is Driving the Gap?
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Primary sources and further research