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Mar 31, 2025
BILL Q3 2025 Earnings Report
Reported Third Quarter Fiscal Year 2025 Financial Results
Key Takeaways
BILL reported strong financial performance in Q3 FY2025, with total revenue increasing 11% year-over-year and core revenue increasing 14%. The company exceeded non-GAAP profitability expectations and expanded its platform and distribution ecosystem.
Total revenue for Q3 FY2025 was $358.2 million, an 11% increase year-over-year.
Core revenue, consisting of subscription and transaction fees, grew 14% year-over-year to $320.3 million.
Non-GAAP net income was $58.7 million, or $0.50 per diluted share, exceeding expectations.
The company served 488,600 businesses and processed $79 billion in total payment volume during the quarter.
Revenue by Segment
Forward Guidance
BILL provided guidance for the fiscal fourth quarter and the full fiscal year ending June 30, 2025.
Positive Outlook
- Q4 FY25 Total revenue guidance of $370.5 - $380.5 million.
- FY25 Total revenue guidance of $1,450.0 - $1,460.0 million.
- Q4 FY25 Core revenue guidance of $335.0 - $345.0 million.
- FY25 Core revenue guidance of $1,290.0 - $1,300.0 million.
- FY25 Non-GAAP net income guidance of $236.7 - $240.7 million.
Challenges Ahead
- Q4 FY25 Non-GAAP operating income guidance of $43.0 - $48.0 million, a decrease from Q3 FY25 non-GAAP operating income.
- Non-GAAP net income per diluted share guidance for Q4 FY25 ($0.39 - $0.43) is lower than Q3 FY25 ($0.50).
- The outlook for non-GAAP net income per diluted share does not include the impact of future share repurchases.
- Guidance for non-GAAP measures is not reconciled to GAAP measures due to the inability to reasonably calculate or predict certain excluded items.
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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