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Jun 30, 2021
BILL Q4 2021 Earnings Report
Bill.com reported record growth in fiscal 2021 with strong adoption of its platform and strategic initiatives.
Key Takeaways
Bill.com's total revenue for Q4 2021 was $78.3 million, an 86% increase year-over-year. Core revenue, representing subscription and transaction fees, was $77.5 million, a 100% increase year-over-year, including $10.3 million from Divvy. The company served 121,200 Bill.com customers, a 24% increase year-over-year, and processed $41.7 billion in total payment volume, a 64% increase year-over-year.
Total revenue increased by 86% year-over-year to $78.3 million.
Core revenue, including Divvy, increased by 100% year-over-year to $77.5 million.
Organic core revenue increased 73% year-over-year.
Transaction fees increased 204% year-over-year, including Divvy.
BILL
BILL
BILL Revenue by Segment
Revenue by Segment
Sub. & Trans. Fees Revenue
CapyFin.comFloat Revenue
CapyFin.com Forward Guidance
Bill.com provided guidance for the fiscal first quarter ending September 30, 2021, and the full fiscal year ending June 30, 2022. The financial outlook does not include any potential impact from the proposed acquisition of Invoice2go.
Positive Outlook
- Q1 FY22 Total revenue (millions): $103.2 – $104.2
- Q1 FY22 Year-over-year total revenue growth: 123% – 126%
- FY22 Total revenue (millions): $476.0 – $480.0
- FY22 Year-over-year total revenue growth: 100% – 102%
Challenges Ahead
- Q1 FY22 Non-GAAP net loss (millions): ($20.0) – ($19.0)
- Q1 FY22 Non-GAAP net loss per share: ($0.21) – ($0.20)
- FY22 Non-GAAP net loss (millions): ($89.0) – ($85.0)
- FY22 Non-GAAP net loss per share: ($0.92) – ($0.88)
Revenue & Expenses
Visualization of income flow from segment revenue to net income