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Dec 31, 2021
BILL Q2 2022 Earnings Report
Reported strong revenue growth driven by organic core revenue and Divvy spend management revenue.
Key Takeaways
Bill.com reported total revenue of $156.5 million, a 190% increase year-over-year. Core revenue, consisting of subscription and transaction fees, reached $155.5 million, up 197% year-over-year. The company served 135,000 Bill.com customers and processed $56.4 billion in total payment volume.
Total revenue increased by 190% year-over-year to $156.5 million.
Core revenue grew by 197% year-over-year to $155.5 million.
Served 135,000 Bill.com customers.
Processed $56.4 billion in total payment volume (TPV) for Bill.com customers, a 62% year-over-year increase.
Revenue by Segment
Forward Guidance
Bill.com provided guidance for the fiscal third quarter ending March 31, 2022, and the full fiscal year ending June 30, 2022.
Positive Outlook
- Total revenue for Q3 FY22 is expected to be between $157.0 million and $158.0 million.
- Year-over-year total revenue growth for Q3 FY22 is projected to be between 163% and 164%.
- Total revenue for FY22 is expected to be between $597.0 million and $600.0 million.
- Year-over-year total revenue growth for FY22 is projected to be between 151% and 152%.
- Focus on creating value for small businesses and delivering product innovations.
Challenges Ahead
- Non-GAAP net loss for Q3 FY22 is expected to be between ($16.9) million and ($15.9) million.
- Non-GAAP net loss per share for Q3 FY22 is projected to be between ($0.16) and ($0.15).
- Non-GAAP net loss for FY22 is expected to be between ($47.2) million and ($44.2) million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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