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Dec 31, 2025
BILL Q2 2026 Earnings Report
BILL reported its second quarter fiscal year 2026 financial results, showing growth in total and core revenue, alongside an increase in non-GAAP operating income.
Key Takeaways
BILL delivered a strong second quarter for fiscal year 2026, with total revenue increasing by 14% year-over-year to $414.7 million and core revenue growing by 17% year-over-year to $375.1 million. The company also reported a significant beat on revenue and profitability, with non-GAAP operating income up 18% year-over-year to $74.1 million. Despite a net loss of $2.6 million, non-GAAP net income reached $73.4 million, or $0.64 per diluted share.
Total revenue increased 14% year-over-year to $414.7 million.
Core revenue, comprising subscription and transaction fees, grew 17% year-over-year to $375.1 million.
Non-GAAP operating income rose 18% year-over-year to $74.1 million.
The company repurchased approximately 2.5 million shares of common stock for $133 million.
Revenue by Segment
Forward Guidance
BILL provided guidance for the fiscal third quarter ending March 31, 2026, and the full fiscal year ending June 30, 2026, projecting continued revenue growth and non-GAAP profitability.
Positive Outlook
- Q3 FY26 Total revenue guidance of $397.5 million - $407.5 million, representing 11% - 14% year-over-year growth.
- Q3 FY26 Core revenue guidance of $364.5 million - $374.5 million, representing 14% - 17% year-over-year growth.
- Q3 FY26 Non-GAAP operating income guidance of $62.5 million - $67.5 million.
- FY26 Total revenue guidance of $1,631.0 million - $1,651.0 million, representing 12% - 13% year-over-year growth.
- FY26 Non-GAAP net income guidance of $267.5 million - $277.5 million, or $2.33 - $2.41 per diluted share.
Challenges Ahead
- The outlook for non-GAAP net income per diluted share does not account for future share repurchases.
- Certain items excluded from GAAP measures cannot be reasonably calculated or predicted for reconciliation.
- Macroeconomic factors, including changes in interest rates and geopolitical conflicts, could impact actual results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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