BILL Q1 2025 Earnings Report
Key Takeaways
BILL reported strong financial results for the first quarter of fiscal year 2025, with total revenue of $358.5 million, an increase of 18% year-over-year. Core revenue grew by 19% year-over-year, and the company repurchased $200 million of common stock during the quarter. Net income was $8.9 million, or $0.08 per share.
Total revenue increased by 18% year-over-year to $358.5 million.
Core revenue grew by 19% year-over-year to $314.9 million.
The company served 476,200 businesses using their solutions.
Approximately 3.7 million shares of BILL common stock were repurchased for a total cost of approximately $200 million.
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BILL Revenue by Segment
Forward Guidance
The company provided guidance for the fiscal second quarter ending December 31, 2024, and the full fiscal year ending June 30, 2025.
Positive Outlook
- Total revenue for Q2 FY25 is expected to be between $355.5 million and $360.5 million.
- Total revenue growth for Q2 FY25 is expected to be between 12% and 13% year-over-year.
- Core revenue for Q2 FY25 is expected to be between $316.0 million and $321.0 million.
- Core revenue growth for Q2 FY25 is expected to be between 15% and 17% year-over-year.
- Non-GAAP operating income for Q2 FY25 is expected to be between $47.5 million and $52.5 million.
Challenges Ahead
- Total revenue growth for FY25 is expected to be between 12% and 13%.
- Core revenue growth for FY25 is expected to be between 15% and 17%.
- Non-GAAP operating income for FY25 is expected to be between $182.5 million and $207.5 million.
- Non-GAAP net income for FY25 is expected to be between $181.5 million and $201.5 million.
- Non-GAAP net income per diluted share is expected to be between $1.65 and $1.83.
Revenue & Expenses
Visualization of income flow from segment revenue to net income