BILL Q3 2021 Earnings Report
Key Takeaways
Bill.com reported strong Q3 fiscal 2021 results, with total revenue increasing by 45% year-over-year to $59.7 million and core revenue growing by 62% year-over-year. The company processed $35.0 billion in total payment volume, a 44% increase year-over-year. Bill.com also signed a definitive agreement to acquire Divvy.
Total revenue was $59.7 million, up 45% year-over-year.
Core revenue, including subscription and transaction fees, increased 62% year-over-year.
Total payment volume processed on the platform reached $35.0 billion, a 44% increase year-over-year.
Bill.com signed a definitive agreement to acquire Divvy.
BILL
BILL
BILL Revenue by Segment
Forward Guidance
Bill.com is providing guidance for the fiscal fourth quarter ending June 30, 2021.
Positive Outlook
- Total revenue (millions) $60.9 – $61.9
- Year-over-year total revenue growth 45% – 47%
- Core revenue (millions) $60.4 – $61.3
- Year-over-year core revenue growth 56% – 58%
- Float revenue (millions) $0.5 – $0.6
Challenges Ahead
- Non-GAAP net loss (millions) ($4.5) – ($3.5)
- Non-GAAP net loss per share ($0.05) – ($0.04)
- Weighted-average basic and diluted shares outstanding (millions) 83.3
- The financial outlook does not include any potential impact from the proposed acquisition of DivvyPay, Inc. (“Divvy”).
- Bill.com has not provided a reconciliation of non-GAAP net loss or non-GAAP net loss per share guidance measures to the most directly comparable GAAP measures because certain items excluded from GAAP cannot be reasonably calculated or predicted at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income