BILL Q4 2023 Earnings Report
Key Takeaways
BILL's Q4 2023 total revenue increased by 48% year-over-year to $296.0 million. The company achieved non-GAAP profitability with a non-GAAP net income of $69.4 million, or $0.59 per diluted share. BILL's solutions are helping more than 460,000 businesses automate their financial operations.
Total revenue was $296.0 million, an increase of 48% year-over-year.
Core revenue, which consists of subscription and transaction fees, was $259.5 million, an increase of 33% year-over-year.
Non-GAAP net income was $69.4 million, or $0.59 per diluted share.
Served 461,000 businesses using our solutions as of the end of the fourth quarter.
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BILL Revenue by Segment
Forward Guidance
BILL provides guidance for the fiscal first quarter ending September 30, 2023 and the full fiscal year ending June 30, 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income