BILL (NYSE:BILL) Releases Quarterly Earnings Results

BILL (NYSE:BILL) announced its earnings results on Thursday. The company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20, FiscalAI reports. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%. The firm had revenue of $353.77 million for the quarter, compared to the consensus estimate of $438.62 million. During the same quarter in the previous year, the business earned $0.61 EPS. The company’s revenue was down 10.6% compared to the same quarter last year. BILL updated its FY 2027 guidance to 3.990-4.150 EPS and its Q2 2027 guidance to 0.970-1.010 EPS.

Here are the key takeaways from BILL’s conference call:

• BILL reported 14% year-over-year core revenue growth and a 39% non-GAAP operating margin in Q1. GAAP net income was $60 million, and the company raised its FY 2027 outlook to more than $180 million of GAAP profit.
• AI product development and adoption are gaining momentum: more than 200,000 businesses have used BILL’s agents, and its new Risk Intelligence agent flagged over $100 million in unusual or mistaken payments for customer review in its first six weeks. Management sees opportunities to improve customer onboarding, retention, and productivity, though it said measurable business outcomes are still developing.
• Payment activity and monetization trends strengthened: same-store TPV grew 7%, ad valorem volume growth accelerated sequentially, and core ARPU growth reached 4.1%. The company also reported 30% year-over-year growth in customers using both AP and Spend & Expense.
• Management expects Q2 core revenue growth to slow to 10%–13%, citing a tough comparison, seasonal pressure on take rates, and continued adjustments to its sales organization and incentives. It also flagged rising operating expenses later in the year, a planned shift away from some legacy embed partnerships, and ongoing uncertainty around card acceptance in Spend & Expense.
• For FY 2027, BILL expects 11%–14% core revenue growth, approximately 33% non-GAAP operating margin, and 47% growth in non-GAAP EPS at the midpoint. The company also repurchased about $300 million of stock in Q1 and expects to use the remaining buyback authorization.

BILL Stock Performance

Shares of BILL stock traded up $1.70 on Friday, reaching $52.59. 2,211,065 shares of the company traded hands, compared to its average volume of 1,332,021. The company has a 50 day moving average of $47.26 and a 200 day moving average of $42.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.51 and a quick ratio of 1.51. BILL has a 52 week low of $31.41 and a 52 week high of $57.21. The firm has a market capitalization of $4.52 billion, a PE ratio of 103.11, a PEG ratio of 0.72 and a beta of 1.08.

Insider Buying and Selling

In related news, insider Michael Cieri sold 10,754 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $49.13, for a total value of $528,344.02. Following the transaction, the insider owned 997 shares in the company, valued at approximately $48,982.61. This represents a 91.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Rene Lacerte sold 42,248 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $50.17, for a total value of $2,119,582.16. Following the completion of the transaction, the chief executive officer owned 163,125 shares in the company, valued at approximately $8,183,981.25. The trade was a 20.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 267,997 shares of company stock worth $13,057,984 in the last ninety days. 13.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. BTIG Research reaffirmed a “buy” rating and set a $60.00 price target on shares of BILL in a research report on Thursday, August 20th. Truist Financial cut their price objective on BILL from $52.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, October 23rd. Zacks Research downgraded BILL from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Wall Street Zen upgraded BILL from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Finally, Morgan Stanley raised their target price on BILL from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, August 20th. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $57.59.

BILL News Roundup

Here are the key news stories impacting BILL this week:

• Positive Sentiment: BILL reported first-quarter fiscal 2027 adjusted earnings of $1.18 per share, beating the $0.98 consensus and rising from $0.61 a year earlier. Its FY2027 EPS forecast of $3.99–$4.15 also topped the $3.44 analyst estimate. BILL first-quarter results
• Positive Sentiment: Oppenheimer raised its price target to $60 from $55 and maintained an outperform rating. Keefe, Bruyette & Woods lifted its target to $58 from $52, while keeping a market-perform rating. Oppenheimer recommendations Keefe, Bruyette & Woods recommendations
• Positive Sentiment: Management highlighted margin gains, increased AI adoption and improving payment monetization, including five product launches and a Visa pilot. These developments may support growth and profitability as BILL works through sales restructuring. Earnings call highlights
• Negative Sentiment: Revenue was $353.77 million, below the $438.62 million consensus and down 10.6% year over year. Revenue guidance also lagged expectations: BILL forecast $1.4–$1.5 billion for FY2027 versus $1.8 billion consensus, and $353–$363 million for Q2 versus $453.1 million. This gap may temper enthusiasm despite the EPS beat.

About BILL

BILL Holdings, Inc provides financial operations software for small and midsize businesses, accountants and financial institutions. Its cloud-based platform is designed to automate and simplify back-office processes, including accounts payable, accounts receivable, expense management, budgeting and payments.

The company’s offerings enable businesses to receive and pay bills, send invoices, manage expenses, establish spending controls and connect financial workflows with accounting systems.