Bill.com announced financial results for Q4 and fiscal year ended June 30, 2020. Total revenue was $42.1 million, up 33% year-over-year. Subscription and transaction revenue increased by 54% to $38.8 million. The company served over 98,000 customers, representing a 28% year-over-year growth.
Total revenue increased by 33% year-over-year, reaching $42.1 million.
Subscription and transaction revenue grew by 54% year-over-year, totaling $38.8 million.
GAAP gross profit was $32.0 million, with a gross margin of 76.0%.
The company served over 98,000 customers, representing a 28% year-over-year growth.
Bill.com will host a conference call to discuss the fourth quarter and fiscal year 2020 results, as well as the outlook for the first quarter of fiscal 2021.
Visualization of income flow from segment revenue to net income