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Jun 30, 2022
BILL Q4 2022 Earnings Report
Delivered strong results driven by revenue growth and strategic investments.
Key Takeaways
Bill.com reported a strong Q4 2022, with total revenue increasing by 156% year-over-year to $200.2 million. The company served 400,000 businesses and expanded its platform solutions and customer reach.
Total revenue increased 156% year-over-year to $200.2 million.
Core revenue, consisting of subscription and transaction fees, increased 151% year-over-year.
Gross profit was $156.8 million, representing a 78.3% gross margin.
The company served 157,800 Bill.com customers.
BILL
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BILL Revenue by Segment
Revenue by Segment
Sub. & Trans. Fees Revenue
CapyFin.com Forward Guidance
Bill.com provided guidance for the fiscal first quarter ending September 30, 2022 and the full fiscal year ending June 30, 2023.
Positive Outlook
- Total revenue (millions): $208.0 – $211.0
- Year-over-year total revenue growth: 76% – 78%
- Non-GAAP net income (millions): $5.5 – $8.0
- Non-GAAP net income per share: $0.05 – $0.07
- Total revenue (millions): $955.5 – $973.5
Challenges Ahead
- Year-over-year total revenue growth: 49% – 52%
- Non-GAAP net income (millions): $27.5 – $45.5
- Non-GAAP net income per share: $0.23 – $0.38
- Actual results may differ materially.
- 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.