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Bill.com Holdings, Inc. (BILL) 10-Year Financial Performance & Capital Metrics

BILL • • Industrial / General
TechnologyApplication SoftwareFinancial Technology & PaymentsPayment Processing
AboutBill.com Holdings, Inc. provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency. It also offers onboarding implementation support, and ongoing support and training services. The company serves accounting firms, financial institutions, and software companies. Bill.com Holdings, Inc. was incorporated in 2006 and is headquartered in San Jose, California.Show more
  • Revenue $1.46B +13.4%
  • EBITDA $9M +112.5%
  • Net Income $24M +182.4%
  • EPS (Diluted) 0.23 +185.2%
  • Gross Margin 81.4% -0.5%
  • EBITDA Margin 0.6% +111.0%
  • Operating Margin -5.51% +59.2%
  • Net Margin 1.63% +172.7%
  • ROE 0.59% +184.2%
  • ROIC -1.39% +54.6%
  • Debt/Equity 0.45 +91.7%
  • Interest Coverage -4.34 +52.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓FCF machine: 21.2% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 56.1%
  • ✓Share count reduced 2.1% through buybacks
  • ✓Trading at only 1.3x book value

✗Weaknesses

  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y56.14%
3Y31.58%
TTM11.63%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM51.04%

EPS CAGR

10Y-
5Y-
3Y-
TTM-20.2%

ROCE

10Y Avg-5.53%
5Y Avg-4.32%
3Y Avg-3.24%
Latest-1.52%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
BILLBill.com Holdings, Inc.4.83B48.25209.7813.36%0.8%0.31%6.41%0.45
BLBlackLine, Inc.3.12B52.4336.1610.74%11.07%20.75%6.05%1.90
NATLNCR Atleos Corporation3.01B40.7233.113.01%3.09%39.88%6.81%11.54
OLBThe OLB Group, Inc.6.41M0.73-0.12-58%-92.68%-169.91%0.12
LSPDLightspeed Commerce Inc.1.6B11.74-2.7118.43%-58.98%-45.18%0.01
CCGWWCheche Group Inc. Warrant9.09M0.025.2%-1.76%-16.69%0.10

Profit & Loss

Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Sales/Revenue+64.86M108.35M157.6M238.26M641.96M1.06B1.29B1.46B
Revenue Growth %-0.67%0.45%0.51%1.69%0.65%0.22%0.13%
Cost of Goods Sold+19.37M29.92M39.14M61.81M145M193.98M234.62M272.1M
COGS % of Revenue0.3%0.28%0.25%0.26%0.23%0.18%0.18%0.19%
Gross Profit+45.49M78.43M118.46M176.46M496.95M864.49M1.06B1.19B
Gross Margin %0.7%0.72%0.75%0.74%0.77%0.82%0.82%0.81%
Gross Profit Growth %-0.72%0.51%0.49%1.82%0.74%0.22%0.13%
Operating Expenses+53.31M88.24M152.65M290.43M813.77M1.16B1.23B1.27B
OpEx % of Revenue0.82%0.81%0.97%1.22%1.27%1.1%0.95%0.87%
Selling, General & Admin35.32M59.31M99.25M196.05M548.33M797.14M756.2M825.62M
SG&A % of Revenue0.54%0.55%0.63%0.82%0.85%0.75%0.59%0.56%
Research & Development17.99M28.92M53.41M89.5M219.82M314.63M336.75M340.06M
R&D % of Revenue0.28%0.27%0.34%0.38%0.34%0.3%0.26%0.23%
Other Operating Expenses1K-49K04.87M45.63M48.5M136.76M105.39M
Operating Income+-7.82M-9.8M-34.2M-113.97M-316.82M-295.77M-174.16M-80.6M
Operating Margin %-0.12%-0.09%-0.22%-0.48%-0.49%-0.28%-0.13%-0.06%
Operating Income Growth %--0.25%-2.49%-2.33%-1.78%0.07%0.41%0.54%
EBITDA+-5.5M-6.65M-29.94M-102.96M-220.71M-190.6M-71M8.84M
EBITDA Margin %-0.08%-0.06%-0.19%-0.43%-0.34%-0.18%-0.06%0.01%
EBITDA Growth %--0.21%-3.5%-2.44%-1.14%0.14%0.63%1.12%
D&A (Non-Cash Add-back)2.31M3.15M4.26M11.01M96.11M105.17M103.16M89.44M
EBIT-6.76M-6.64M-30.81M-111.18M-321.26M-207.71M-7.14M48.97M
Net Interest Income+631K2.38M3.86M-25.17M-2.73M76.08M103.12M72.34M
Interest Income1.06M3.21M4.09M2.99M6.69M91.28M122.3M90.9M
Interest Expense427K825K229K28.16M9.42M15.2M19.18M18.56M
Other Income/Expense632K2.33M3.16M-25.37M-13.86M72.86M147.84M111.01M
Pretax Income+-7.18M-7.47M-31.04M-139.34M-330.68M-222.92M-26.32M30.41M
Pretax Margin %-0.11%-0.07%-0.2%-0.58%-0.52%-0.21%-0.02%0.02%
Income Tax+10K-156K53K-40.62M-4.32M808K2.56M6.61M
Effective Tax Rate %1%0.98%1%0.71%0.99%1%1.1%0.78%
Net Income+-7.2M-7.31M-31.09M-98.72M-326.36M-223.72M-28.88M23.8M
Net Margin %-0.11%-0.07%-0.2%-0.41%-0.51%-0.21%-0.02%0.02%
Net Income Growth %--0.02%-3.25%-2.18%-2.31%0.31%0.87%1.82%
Net Income (Continuing)-7.2M-7.31M-31.09M-98.72M-326.36M-223.72M-28.88M23.8M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)+-0.09-0.10-0.39-1.19-3.21-2.11-0.270.23
EPS Growth %--0.15%-2.9%-2.05%-1.7%0.34%0.87%1.85%
EPS (Basic)-0.09-0.10-0.39-1.19-3.21-2.11-0.270.23
Diluted Shares Outstanding82.4M72.27M79.64M82.81M101.75M105.98M106.1M103.91M
Basic Shares Outstanding82.4M72.27M79.64M82.81M101.75M105.98M106.1M103.57M
Dividend Payout Ratio--------

Balance Sheet

Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Total Current Assets+1.02B1.51B2.38B3.61B6.28B6.67B6.31B7.24B
Cash & Short-Term Investments92.27M162.28M697.62M1.16B2.71B2.66B1.59B2.32B
Cash Only22.4M90.31M573.64M509.62M1.6B1.62B985.94M1.14B
Short-Term Investments69.87M71.97M123.97M655.31M1.11B1.04B601.53M1.18B
Accounts Receivable5.35M9.19M10.8M165.31M280.44M486.88M725.26M717.45M
Days Sales Outstanding30.0930.9725.02253.25159.45167.9205.18179.05
Inventory00-6.55M03.14B3.36B00
Days Inventory Outstanding----7.91K6.31K--
Other Current Assets916.91M1.33B1.66B2.21B003.94B4.2B
Total Non-Current Assets+10.57M13.2M24.57M2.36B2.98B2.96B2.86B2.83B
Property, Plant & Equipment5.95M6.56M13.87M120.83M133.43M150.55M147.45M172.7M
Fixed Asset Turnover10.91x16.52x11.37x1.97x4.81x7.03x8.75x8.47x
Goodwill0001.77B2.36B2.4B2.4B2.4B
Intangible Assets000417.34M432.58M361.43M281.47M222.81M
Long-Term Investments2.1M3.1M000004.88M
Other Non-Current Assets2.53M3.54M10.7M43.84M54.45M68.18M38.57M28.29M
Total Assets+1.03B1.53B2.4B5.97B9.26B9.64B9.18B10.06B
Asset Turnover0.06x0.07x0.07x0.04x0.07x0.11x0.14x0.15x
Asset Growth %-0.48%0.58%1.48%0.55%0.04%-0.05%0.1%
Total Current Liabilities+930.58M1.35B1.68B2.33B3.41B3.75B4.06B4.59B
Accounts Payable2.03M5.06M3.48M11.9M9.95M8.52M7.45M16.29M
Days Payables Outstanding38.1761.7732.4370.325.0416.0311.5921.86
Short-Term Debt3.67M494K2.3M075.1M135.05M0213.43M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities5.38M1.34B8.54M0003.72B4.3B
Current Ratio1.09x1.12x1.42x1.55x1.84x1.78x1.55x1.58x
Quick Ratio1.09x1.12x1.42x1.55x0.92x0.88x1.55x1.58x
Cash Conversion Cycle----8.05K6.47K--
Total Non-Current Liabilities+200.61M279.54M16.45M1.11B1.8B1.8B981.59M1.56B
Long-Term Debt5.83M00989.38M1.7B1.7B914M1.5B
Capital Lease Obligations00086.64M82.73M72.48M62.85M58.37M
Deferred Tax Liabilities191.15M009.09M0000
Other Non-Current Liabilities1.7M277.75M13.83M25.89M20.8M18.94M574K1.58M
Total Liabilities1.13B1.63B1.69B3.44B5.21B5.55B5.04B6.15B
Total Debt+9.5M494K2.3M1.08B1.86B1.91B976.85M1.77B
Net Debt-12.9M-89.81M-571.34M566.4M259.27M295.15M-9.09M632.88M
Debt / Equity--0.00x0.43x0.46x0.47x0.24x0.45x
Debt / EBITDA-------200.53x
Net Debt / EBITDA-------71.58x
Interest Coverage-18.31x-11.88x-149.34x-4.05x-33.64x-19.45x-9.08x-4.34x
Total Equity+-101.9M-102.66M710.72M2.53B4.04B4.09B4.13B3.91B
Equity Growth %--0.01%7.92%2.56%0.6%0.01%0.01%-0.05%
Book Value per Share-1.24-1.428.9230.5539.7438.5638.9637.67
Total Shareholders' Equity89.24M174.34M710.72M2.53B4.04B4.09B4.13B3.91B
Common Stock1K1K2K2K2K2K2K2K
Retained Earnings-110.34M-117.66M-148.75M-247.47M-544.83M-856.17M-1.1B-1.51B
Treasury Stock00000000
Accumulated OCI-177K326K2.42M-100K-10.22M-4.49M-1.89M10.2M
Minority Interest00000000

Cash Flow

Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Cash from Operations+-8.36M-3.95M-4.43M4.62M-18.09M187.77M278.77M350.64M
Operating CF Margin %-0.13%-0.04%-0.03%0.02%-0.03%0.18%0.22%0.24%
Operating CF Growth %-0.53%-0.12%2.04%-4.91%11.38%0.48%0.26%
Net Income-7.2M-7.31M-31.09M-98.72M-326.36M-223.72M-28.88M23.8M
Depreciation & Amortization2.31M3.15M4.26M11.01M87.5M95.68M103.16M89.44M
Stock-Based Compensation1.54M4.08M18.06M68.29M197.16M313.57M248.38M242.53M
Deferred Taxes0-176K0-40.62M-4.08M-1.36M-361K0
Other Non-Cash Items182K-1.02M-3.1M36.78M43.92M12.58M-34.18M-12.72M
Working Capital Changes-5.2M-2.67M7.44M27.88M-16.23M-8.97M-9.34M7.59M
Change in Receivables-279K-2.1M-1.05M-6.54M-3.03M-4.48M69K-4.46M
Change in Inventory-5.13M-3.79M6.83M20.15M0000
Change in Payables-563K3.17M-1.6M7.42M-3.77M-1.69M-1.13M8.21M
Cash from Investing+-417.82M-419.8M-249.49M-1.43B-1.13B259.29M-409.37M-817.39M
Capital Expenditures-2.05M-4.3M-12.08M-21.21M-15.64M-7.59M-976K-4.33M
CapEx % of Revenue0.03%0.04%0.08%0.09%0.02%0.01%0%0%
Acquisitions--------
Investments--------
Other Investing2.95M-332.34M-320K-26.5M-123.84M-254.62M-205.9M-168.53M
Cash from Financing+326.28M491.65M863.13M1.64B2.88B235.11M-742.6M666.52M
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing320.17M416M327.17M475.43M979.87M262.73M357.49M235.93M
Net Change in Cash--------
Free Cash Flow+-10.4M-8.25M-16.51M-16.58M-33.73M156.56M257.88M309.67M
FCF Margin %-0.16%-0.08%-0.1%-0.07%-0.05%0.15%0.2%0.21%
FCF Growth %-0.21%-1%-0%-1.03%5.64%0.65%0.2%
FCF per Share-0.13-0.11-0.21-0.20-0.331.482.432.98
FCF Conversion (FCF/Net Income)1.16x0.54x0.14x-0.05x0.06x-0.84x-9.65x14.73x
Interest Paid000007.44M12.61M13.78M
Taxes Paid000001.27M5.63M6.32M

Key Ratios

Metric20182019202020212022202320242025
Return on Equity (ROE)---10.23%-6.09%-9.93%-5.5%-0.7%0.59%
Return on Invested Capital (ROIC)---18.4%-5.28%-6.42%-5.11%-3.07%-1.39%
Gross Margin70.13%72.39%75.16%74.06%77.41%81.67%81.82%81.4%
Net Margin-11.09%-6.75%-19.73%-41.43%-50.84%-21.14%-2.24%1.63%
Debt / Equity--0.00x0.43x0.46x0.47x0.24x0.45x
Interest Coverage-18.31x-11.88x-149.34x-4.05x-33.64x-19.45x-9.08x-4.34x
FCF Conversion1.16x0.54x0.14x-0.05x0.06x-0.84x-9.65x14.73x
Revenue Growth-67.04%45.45%51.18%169.43%64.88%21.89%13.36%

Revenue by Segment

202020212022202320242025
Subscription And Transaction Fees136.41M232.25M633.37M-1.12B1.3B
Subscription And Transaction Fees Growth-70.27%172.70%--15.86%
Interest On Funds Held For Customers21.2M6.01M8.59M113.76M167.44M161.77M
Interest On Funds Held For Customers Growth--71.64%43.00%1223.69%47.19%-3.39%

Frequently Asked Questions

Valuation & Price

Bill.com Holdings, Inc. (BILL) has a price-to-earnings (P/E) ratio of 209.8x. This suggests investors expect higher future growth.

Growth & Financials

Bill.com Holdings, Inc. (BILL) reported $1.50B in revenue for fiscal year 2025. This represents a 2212% increase from $64.9M in 2018.

Bill.com Holdings, Inc. (BILL) grew revenue by 13.4% over the past year. This is steady growth.

Yes, Bill.com Holdings, Inc. (BILL) is profitable, generating $11.9M in net income for fiscal year 2025 (1.6% net margin).

Dividend & Returns

Bill.com Holdings, Inc. (BILL) has a return on equity (ROE) of 0.6%. This is below average, suggesting room for improvement.

Bill.com Holdings, Inc. (BILL) generated $345.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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