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Jun 30, 2024
BILL Q4 2024 Earnings Report
BILL's Q4 2024 financial results were released, highlighted by a new $300 million share repurchase program.
Key Takeaways
BILL reported strong Q4 2024 financial results, with total revenue of $343.7 million, a 16% year-over-year increase. The company launched an integrated platform, provided SMBs with access to capital, and empowered businesses with additional insights and control of their cash flow.
Total revenue was $343.7 million, an increase of 16% year-over-year.
Core revenue, which consists of subscription and transaction fees, was $301.3 million, an increase of 16% year-over-year.
Float revenue, which consists of interest on funds held for customers, was $42.4 million.
Net income was $7.6 million, or $0.07 and ($0.03) per share, basic and diluted, respectively.
Revenue by Segment
Forward Guidance
BILL provided guidance for the fiscal first quarter ending September 30, 2024 and the full fiscal year ending June 30, 2025.
Positive Outlook
- Q1 FY25 Total revenue is expected to be $346 - $351 million.
- Q1 FY25 Core revenue is expected to be $305 - $310 million.
- Q1 FY25 Non-GAAP operating income is expected to be $52 - $57 million.
- Q1 FY25 Non-GAAP net income is expected to be $53 - $57 million.
- Q1 FY25 Non-GAAP net income per diluted share is expected to be $0.48 - $0.51.
Challenges Ahead
- FY25 Total revenue growth is expected to be 10% - 12%.
- FY25 Core revenue growth is expected to be 13% - 16%.
- FY25 Non-GAAP operating income is expected to be $160 - $195 million.
- FY25 Non-GAAP net income is expected to be $154 - $182 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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