BILL Q1 2021 Earnings Report
Key Takeaways
Bill.com announced strong financial results for the first quarter of fiscal year 2021. Total revenue was $46.2 million, a 31% increase year-over-year. Subscription and transaction revenue grew by 53% to $43.8 million. The company served 103,600 customers, a 27% increase year-over-year, and processed $28.8 billion in total payment volume, up 31% year-over-year.
Total revenue increased by 31% year-over-year to $46.2 million.
Subscription and transaction revenue increased by 53% year-over-year to $43.8 million.
GAAP gross profit was $34.1 million, with a 73.8% gross margin.
Served 103,600 customers, representing 27% year-over-year growth.
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BILL Revenue by Segment
Forward Guidance
Bill.com will host a conference call to discuss the first quarter results and the outlook for the second quarter of fiscal 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income