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Sep 30
BILL Q1 2026 Earnings Report
BILL reported its financial results for the first fiscal quarter ended September 30, 2025, with total revenue increasing 10% year-over-year and core revenue up 14% year-over-year.
Key Takeaways
BILL started fiscal 2026 with strong momentum, exceeding profitability expectations and expanding its reach through new Embed 2.0 partnerships. The company reported a 10% increase in total revenue to $395.7 million and a 14% rise in core revenue to $358.0 million, demonstrating focused execution and disciplined expense management.
Total revenue for Q1 FY26 reached $395.7 million, marking a 10% increase year-over-year.
Core revenue, comprising subscription and transaction fees, grew by 14% year-over-year to $358.0 million.
Non-GAAP operating income increased by 2% year-over-year to $68.2 million, exceeding expectations.
The company announced three new Embed 2.0 partnerships with NetSuite, Paychex, and Acumatica, expanding its market reach.
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BILL Revenue by Segment
Revenue by Segment
Subscription and transaction fees Revenue
CapyFin.comInterest on funds held for customers Revenue
CapyFin.com Forward Guidance
BILL provided guidance for the fiscal second quarter ending December 31, 2025, and the full fiscal year ending June 30, 2026, projecting continued revenue growth and strong non-GAAP profitability.
Positive Outlook
- Q2 FY26 total revenue guidance of $394.5 million to $404.5 million, indicating 9% - 12% year-over-year growth.
- Full FY26 total revenue guidance of $1,596.5 million to $1,626.5 million, indicating 9% - 11% year-over-year growth.
- Q2 FY26 core revenue guidance of $359.0 million to $369.0 million, indicating 12% - 15% year-over-year growth.
- Full FY26 core revenue guidance of $1,462.5 million to $1,492.5 million, indicating 12% - 15% year-over-year growth.
- Strong non-GAAP operating income and net income projections for both Q2 and the full fiscal year.
Challenges Ahead
- The outlook for non-GAAP net income per diluted share does not account for any future share repurchases, which could impact per-share metrics.
- Reconciliation of non-GAAP guidance to GAAP measures is not provided due to the inability to reasonably calculate or predict certain excluded items.
- Forward-looking statements are subject to various risks and uncertainties, including macroeconomic factors and competitive landscape.
- Changes in interest rates, political and regulatory developments, and inflationary environments could impact actual results.
- The company's history of operating losses and the large sums of customer funds transferred daily present inherent risks.
Revenue & Expenses
Visualization of income flow from segment revenue to net income