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Mar 31
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.
BILL
BILL
BILL Revenue by Segment
Revenue by Segment
Sub. & Trans. Fees Revenue
CapyFin.comFloat Revenue
CapyFin.com 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.
- Forward-looking statements are subject to risks and uncertainties, and actual results may differ materially from guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income