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Dec 31, 2020
BILL Q2 2021 Earnings Report
Bill.com reported strong financial results with core revenue increasing 59% year-over-year and total payment volume up 40% year-over-year.
Key Takeaways
Bill.com announced financial results for the second fiscal quarter ended December 31, 2020. Total revenue was $54.0 million, an increase of 38% from the second quarter of fiscal 2020. The company processed $34.8 billion in total payment volume on its platform, an increase of 40% year-over-year.
Total revenue was $54.0 million, an increase of 38% year-over-year.
Core revenue, which includes subscription and transaction fees, was $52.3 million, an increase of 59% year-over-year.
GAAP gross profit was $40.1 million, representing a 74.1% gross margin.
Processed $34.8 billion in total payment volume on our platform, an increase of 40% year-over-year.
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Revenue & Expenses
Visualization of income flow from segment revenue to net income