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Mar 31, 2020
BILL Q3 2020 Earnings Report
Bill.com reported strong revenue growth and customer acquisition.
Key Takeaways
Bill.com announced financial results for the third fiscal quarter ended March 31, 2020, with total revenue of $41.2 million, a 46% increase year-over-year. Subscription and transaction revenue increased by 63% year-over-year.
Total revenue increased 46% year-over-year to $41.2 million.
Subscription and transaction revenue increased 63% year-over-year to $36.1 million.
GAAP gross profit was $31.1 million, representing a 75.5% gross margin.
Cash, cash equivalents and short-term investments were $382.4 million at March 31, 2020.
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BILL Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income