Recent News
May 7, 2026 — the company filed a Form 8‑K announcing a workforce reduction of up to 30% and a board authorization to repurchase up to $1.0 billion of common stock. April 28, 2026 — BILL launched “BILL Travel,” integrating travel booking, budgets, card controls and expense reconciliation into its Spend & Expense suite. April 8, 2026 — the company expanded Supplier Payments Plus with automated payment processing, cash application, card STP and payment links to accelerate supplier connectivity. March 2, 2026 — BILL announced a partnership to power real‑time, AI‑native finance workflows with a technology partner. April 23, 2026 — the company published its January–March 2026 product and adoption highlights.
Technical Analysis
Directional indicators: DI+ at 26.59 shows a dip & reversal (bullish), while DI‑ at 20.77 shows a peak & reversal (bullish); ADX at 13.39 signals no established trend, so directional strength remains weak despite the bullish directional readings.
MACD: MACD sits at 0.21 with a dip & reversal and the MACD line above the signal line (signal = -0.20), indicating a bullish momentum shift that supports a near‑term positive bias for price action.
MRO: The Momentum/Regression Oscillator reads 26.63 and has peaked and reversed; the positive value indicates price currently sits above BILL’s target and implies a higher probability of mean reversion that could limit upside from current levels.
RSI: RSI at 47.14 with a dip & reversal denotes a recovery from recent weakness but remains below neutral, so momentum has room to strengthen before an overbought condition emerges.
Price vs. averages and bands: the close at $39.96 trades above the 20‑day average ($38.86) and the 50‑day average ($39.27) but remains below the 200‑day average ($46.30), implying short‑term support underpinned by moving averages while longer‑term resistance sits near the 200‑day level. The close sits just under the 1× upper Bollinger band ($40.76), so near‑term upside faces the upper band boundary.
Ichimoku and levels: price sits below the cloud (Senkou A $40.20, Senkou B $44.59), which acts as resistance. SuperTrend lower support at $37.55 provides a defined short‑term downside reference. Volume of 2,541,812 trails the 10‑day average (≈2.92M) and the 200‑day average (≈2.85M), which suggests current moves show below‑average conviction.
Fundamental Analysis
Profitability and margins: EBIT of $19,382,000 and EBITDA of $47,764,000 yield an EBIT margin of 4.77%. That margin sits well below the industry peer mean of 39.95% and the industry peer median of 48.40%, indicating materially lower operating profitability versus software peers. Operating margin measures 1.14% and provides limited operating leverage outside of planned cost actions.
Top‑line growth: total revenue of $406,563,000 shows year‑over‑year revenue growth of +63.46% and a quarter‑over‑quarter change of -1.41%. The strong YoY expansion contrasts with a modest sequential decline, implying growth cadence remains uneven even as annual comparables look favorable.
Earnings and cash flow: GAAP EPS came in at $0.68 versus an estimate of $0.55, a $0.13 beat representing a 23.64% surprise. Operating cash flow reached $102,674,000 with free cash flow of $84,732,000 and a free cash flow yield of 2.08%, which stands above the industry peer mean of 0.48% and supports balance‑sheet flexibility.
Liquidity and leverage: cash and short‑term investments total $2,173,345,000 and the current ratio equals 1.66, slightly above the industry peer mean of 1.39, reflecting adequate near‑term liquidity. Total debt reads $1,885,854,000 and debt to EBITDA equals 39.48, signaling high leverage relative to trailing EBITDA and implying restructuring charges or debt amortization could influence future coverage metrics.
Valuation metrics: price‑to‑book stands at 1.07, considerably below the industry peer mean of 8.61 and median of 7.36; price‑to‑sales near 10.02 and trailing PE ~59.93 (forward PE ~56.94) place a premium on expected future earnings growth, while PEG metrics (trailing PEG ~9.59, forward PEG ~9.11) indicate the market prices modest near‑term growth relative to earnings. Gross margin at 81.62% sits above the industry peer mean of 71.68 and the industry peer median of 67.63, reflecting strong product‑level economics despite compressed operating margins. The current valuation, as determined by WMDST, classifies the stock as under‑valued.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-05-07 |
| NEXT REPORT DATE: | 2026-08-06 |
| CASH FLOW | Begin Period Cash Flow | $ 3.7 B |
| Operating Cash Flow | $ 102.7 M | |
| Capital Expenditures | $ -17.94 M | |
| Change In Working Capital | $ -2.71 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -307.81 M | |
| End Period Cash Flow | $ 3.4 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 406.6 M | |
| Forward Revenue | $ 630.4 M | |
| COSTS | ||
| Cost Of Revenue | $ 74.7 M | |
| Depreciation | $ 5.3 M | |
| Depreciation and Amortization | $ 28.4 M | |
| Research and Development | $ 74.4 M | |
| Total Operating Expenses | $ 401.9 M | |
| PROFITABILITY | ||
| Gross Profit | $ 331.9 M | |
| EBITDA | $ 47.8 M | |
| EBIT | $ 19.4 M | |
| Operating Income | $ 4.6 M | |
| Interest Income | $ 21.9 M | |
| Interest Expense | $ 4.6 M | |
| Net Interest Income | $ 15.7 M | |
| Income Before Tax | $ 14.8 M | |
| Tax Provision | $ 2.0 M | |
| Tax Rate | 13.462 % | |
| Net Income | $ 12.8 M | |
| Net Income From Continuing Operations | $ 12.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.55 | |
| EPS Actual | $ 0.68 | |
| EPS Difference | $ 0.13 | |
| EPS Surprise | 23.636 % | |
| Forward EPS | $ 0.79 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 10.1 B | |
| Intangible Assets | $ 2.6 B | |
| Net Tangible Assets | $ 1.2 B | |
| Total Current Assets | $ 7.3 B | |
| Cash and Short-Term Investments | $ 2.2 B | |
| Cash | $ 994.7 M | |
| Net Receivables | $ 32.1 M | |
| Inventory | — | |
| Long-Term Investments | $ 32.7 M | |
| LIABILITIES | ||
| Accounts Payable | $ 7.1 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 4.4 B | |
| Net Debt | $ 840.2 M | |
| Total Debt | $ 1.9 B | |
| Total Liabilities | $ 6.3 B | |
| EQUITY | ||
| Total Equity | $ 3.8 B | |
| Retained Earnings | $ -1.77 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 38.04 | |
| Shares Outstanding | 99.967 M | |
| Revenue Per-Share | $ 4.07 | |
| VALUATION | Market Capitalization | $ 4.1 B |
| Enterprise Value | $ 3.8 B | |
| Enterprise Multiple | 79.269 | |
| Enterprise Multiple QoQ | -33.467 % | |
| Enterprise Multiple YoY | -74.053 % | |
| Enterprise Multiple IPRWA | high: 748.446 mean: 110.701 BILL: 79.269 median: 60.198 low: -285.406 |
|
| EV/R | 9.313 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.65 | |
| Asset To Liability | 1.606 | |
| Debt To Capital | 0.332 | |
| Debt To Assets | 0.187 | |
| Debt To Assets QoQ | 0.408 % | |
| Debt To Assets YoY | 1.607 % | |
| Debt To Assets IPRWA | high: 0.624 BILL: 0.187 mean: 0.158 median: 0.082 low: 0.005 |
|
| Debt To Equity | 0.496 | |
| Debt To Equity QoQ | 0.042 % | |
| Debt To Equity YoY | 8.206 % | |
| Debt To Equity IPRWA | high: 2.758 BILL: 0.496 mean: 0.234 median: 0.137 low: -1.764 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.071 | |
| Price To Book QoQ | -17.263 % | |
| Price To Book YoY | -21.39 % | |
| Price To Book IPRWA | high: 25.147 mean: 8.609 median: 7.357 BILL: 1.071 low: -15.249 |
|
| Price To Earnings (P/E) | 59.927 | |
| Price To Earnings QoQ | -22.213 % | |
| Price To Earnings YoY | -41.651 % | |
| Price To Earnings IPRWA | high: 424.635 mean: 107.154 median: 67.874 BILL: 59.927 low: -137.555 |
|
| PE/G Ratio | 9.588 | |
| Price To Sales (P/S) | 10.02 | |
| Price To Sales QoQ | -15.703 % | |
| Price To Sales YoY | -31.95 % | |
| Price To Sales IPRWA | high: 85.311 mean: 37.032 median: 36.777 BILL: 10.02 low: 0.499 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 56.941 | |
| Forward PE/G | 9.111 | |
| Forward P/S | 6.607 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -278.727 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.04 | |
| Asset Turnover Ratio QoQ | -1.614 % | |
| Asset Turnover Ratio YoY | 8.434 % | |
| Asset Turnover Ratio IPRWA | high: 0.364 mean: 0.129 median: 0.122 BILL: 0.04 low: 0.015 |
|
| Receivables Turnover | 11.093 | |
| Receivables Turnover Ratio QoQ | -1.991 % | |
| Receivables Turnover Ratio YoY | -13.954 % | |
| Receivables Turnover Ratio IPRWA | BILL: 11.093 high: 3.439 mean: 1.479 median: 1.422 low: 0.41 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 8.226 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 1.571 | |
| Cash Conversion Cycle Days QoQ | 69.557 % | |
| Cash Conversion Cycle Days YoY | -148.899 % | |
| Cash Conversion Cycle Days IPRWA | high: 137.562 BILL: 1.571 mean: -35.628 median: -63.272 low: -113.017 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.14 | |
| CapEx To Revenue | -0.044 | |
| CapEx To Depreciation | -3.387 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 5.6 B | |
| Net Invested Capital | $ 5.6 B | |
| Invested Capital | $ 5.6 B | |
| Net Tangible Assets | $ 1.2 B | |
| Net Working Capital | $ 2.9 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.496 | |
| Current Ratio | 1.661 | |
| Current Ratio QoQ | 0.44 % | |
| Current Ratio YoY | -1.933 % | |
| Current Ratio IPRWA | high: 4.653 BILL: 1.661 mean: 1.386 median: 1.283 low: 0.47 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 39.483 | |
| Cost Of Debt | 0.211 % | |
| Interest Coverage Ratio | 4.207 | |
| Interest Coverage Ratio QoQ | 609.948 % | |
| Interest Coverage Ratio YoY | -468.006 % | |
| Interest Coverage Ratio IPRWA | high: 100.833 median: 51.566 mean: 36.603 BILL: 4.207 low: -90.524 |
|
| Operating Cash Flow Ratio | 0.012 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 6.655 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.47 % | |
| Revenue Growth | -1.955 % | |
| Revenue Growth QoQ | -140.874 % | |
| Revenue Growth YoY | 63.462 % | |
| Revenue Growth IPRWA | high: 17.025 % mean: 4.264 % median: 1.985 % BILL: -1.955 % low: -14.742 % |
|
| Earnings Growth | 6.25 % | |
| Earnings Growth QoQ | 27.084 % | |
| Earnings Growth YoY | -158.335 % | |
| Earnings Growth IPRWA | high: 111.111 % BILL: 6.25 % mean: 5.143 % median: -2.083 % low: -160.0 % |
|
| MARGINS | ||
| Gross Margin | 81.624 % | |
| Gross Margin QoQ | 2.232 % | |
| Gross Margin YoY | 0.476 % | |
| Gross Margin IPRWA | high: 91.518 % BILL: 81.624 % mean: 71.684 % median: 67.633 % low: 30.813 % |
|
| EBIT Margin | 4.767 % | |
| EBIT Margin QoQ | 557.517 % | |
| EBIT Margin YoY | -410.959 % | |
| EBIT Margin IPRWA | high: 80.467 % median: 48.401 % mean: 39.945 % BILL: 4.767 % low: -25.693 % |
|
| Return On Sales (ROS) | 1.143 % | |
| Return On Sales QoQ | -126.831 % | |
| Return On Sales YoY | -174.56 % | |
| Return On Sales IPRWA | high: 78.153 % median: 46.326 % mean: 38.259 % BILL: 1.143 % low: -25.693 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 84.7 M | |
| Free Cash Flow Yield | 2.08 % | |
| Free Cash Flow Yield QoQ | 12.493 % | |
| Free Cash Flow Yield YoY | 21.212 % | |
| Free Cash Flow Yield IPRWA | high: 6.823 % BILL: 2.08 % median: 0.518 % mean: 0.475 % low: -3.007 % |
|
| Free Cash Growth | -7.024 % | |
| Free Cash Growth QoQ | -165.134 % | |
| Free Cash Growth YoY | -122.694 % | |
| Free Cash Growth IPRWA | high: 233.063 % median: 168.667 % mean: 110.778 % BILL: -7.024 % low: -236.573 % |
|
| Free Cash To Net Income | 6.627 | |
| Cash Flow Margin | 12.863 % | |
| Cash Flow To Earnings | 4.09 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.127 % | |
| Return On Assets QoQ | -588.462 % | |
| Return On Assets YoY | -205.833 % | |
| Return On Assets IPRWA | high: 9.116 % median: 4.675 % mean: 3.925 % BILL: 0.127 % low: -5.204 % |
|
| Return On Capital Employed (ROCE) | 0.34 % | |
| Return On Equity (ROE) | 0.003 | |
| Return On Equity QoQ | -594.118 % | |
| Return On Equity YoY | -212.375 % | |
| Return On Equity IPRWA | high: 0.192 median: 0.077 mean: 0.068 BILL: 0.003 low: -0.273 |
|
| DuPont ROE | 0.336 % | |
| Return On Invested Capital (ROIC) | 0.298 % | |
| Return On Invested Capital QoQ | 609.524 % | |
| Return On Invested Capital YoY | -482.051 % | |
| Return On Invested Capital IPRWA | high: 19.355 % median: 7.128 % mean: 5.848 % BILL: 0.298 % low: -11.709 % |
|