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Provides cloud software that automates accounts payable, receivable and payments for small and mid-size businesses.
Provides cloud software that automates accounts payable, receivable and payments for small and mid-size businesses.
Earns subscription fees from businesses for its software, and transaction fees each time money moves through the platform, including card interchange (a fee paid by merchants' banks) on spend cards and a small return on customer funds held in transit. Payment volume matters as much as customer count.
Moat: narrow (network effects, switching costs, data). A two-sided payments network between businesses and their vendors/customers creates switching costs.
Headquarters: San Jose, California, United States · Founded: 2006 · Employees: 1,683
Size BILL (BILL) is a United States Information Technology company (Packaged Software) with a market value of $4.50B, the 1263rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $52.41 on 6 Nov 2026.
Performance Over six months the shares gained 25.3%, against +3.8% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 13.0% over the last twelve months (peer median +11.7%); the operating margin is 1.1% (peer median 3.5%).
Valuation It trades at 13.7× forward earnings against a peer median of 26.8× (cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 37% a year for seven years (Req g). Recent delivered growth is +47%, so the hurdle is -11 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.4 points below its cost of capital (8.8% WACC).
Backlog Backlog (remaining performance obligations) was $52.4M at 30 Sep 2026, down 24% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Credit BILL has 2 bonds outstanding ($1.52B).
Short interest Short interest is 12.7% of the free float (15 Oct 2026).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $1.65B | $1.65B | $1.46B | $1.29B | $1.06B |
| Revenue growth | — | +13% | +13% | +22% | — |
| Gross profit | $1.27B | $1.27B | $1.14B | $997M | $802M |
| EBITDA | $134M | $134M | $8.84M | -$43.4M | -$191M |
| Net income | -$11.2M | -$11.2M | $23.8M | -$28.9M | -$224M |
| Free cash flow | $355M | $355M | $313M | $258M | $157M |
| Capital expenditure | $61.2M | $61.2M | $41.0M | $20.9M | $31.2M |
| Total debt | $1.90B | $1.90B | $1.79B | $990M | $1.91B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| BILL BILL | $4.50B | +25% | +13% | 1% | 13.7× | 36.5% |
| Intuit INTU | $91.3B | -14% | +14% | 29% | 14.8× | 3.1% |
| Corpay CPAY | $29.9B | +32% | +20% | 46% | 14.7× | n/a |
| WEX WEX | $5.99B | +29% | +10% | 27% | 8.0× | n/a |
| Paymentus PAY | $3.70B | +20% | +26% | 8% | 32.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BILL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +16.5% | +4.0% | 5th highest of 21 |
| 6-month return | +25.3% | +3.8% | 7th highest of 20 |
| Distance from 52-week high | -8.4% | -38.7% | 4th highest of 21 |
| Revenue growth (TTM) | +13.0% | +11.7% | 9th highest of 21 |
| Operating margin | 1.1% | 3.5% | 8th lowest of 21 |
| Forward P/E | 13.7× | 26.8× | cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 36.5% | 11.2% | 3rd most demanding of 12 |
| Growth delivered (Del g) | +47.3% | +11.9% | highest of 12 |
| Hurdle (Req g minus delivered) | -10.8 pp | -0.1 pp | 4th least demanding of 12 |
| ROIC minus cost of capital | -8.4 pp | -2.8 pp | 7th lowest of 21 |
| EV / EBITDA | 32.3× | 16.3× | 3rd most expensive of 10 |
| Net debt / EBITDA | -1.3× | 0.0× | 4th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BILL BILL | United States | $4.50B | +25% | +13% | 1% | 13.7× | 36.5% | +47.3% |
| Maase MAAS | United States | $4.51B | +7% | -84% | -16% | n/a | n/a | n/a |
| CCC Intelligent Solutions CCC | United States | $4.54B | +50% | +11% | 18% | 15.1× | 11.2% | +10.8% |
| Kingsoft 3888.HK | Hong Kong | $4.46B | +4% | 0% | 14% | 15.1× | -5.8% | +10.8% |
| RXO RXO | United States | $4.55B | +27% | +10% | 0% | 53.0× | n/a | n/a |
| HeartFlow HTFL | United States | $4.56B | +15% | +40% | -34% | n/a | n/a | n/a |
| Planet Labs PBC PL | United States | $4.57B | -68% | +44% | -26% | n/a | n/a | n/a |
| Beijing DeepZero Technology 2723.HK | Hong Kong | $4.58B | n/a | +31% | 1% | n/a | n/a | n/a |
| Tenable TENB | United States | $4.40B | +93% | +10% | 5% | 17.8× | 30.1% | +17.8% |
| HUB24 HUB.AX | Australia | $4.39B | -4% | +23% | 29% | 42.6× | 35.6% | +35.7% |
| Yonyou Network Technology 600588.SS | China | $4.72B | -21% | +4% | -16% | n/a | n/a | n/a |
| Sega Sammy 6460.T | Japan | $4.28B | +46% | +24% | 10% | 17.8× | -2.3% | +11.9% |
| OBIC Business Consultants 4733.T | Japan | $4.74B | +62% | +12% | 47% | 36.1× | 3.2% | +11.9% |
| Shanghai Stonehill Technology 002195.SZ | China | $4.77B | -34% | +11% | -25% | 284.5× | n/a | n/a |
| Sportradar SRAD | United States | $4.22B | +4% | +25% | 13% | 30.2× | 11.3% | +25.8% |
| China National Software & Service 600536.SS | China | $4.22B | -20% | -16% | 0% | 131.0× | 49.7% | -7.3% |
| OPENLANE OPLN | United States | $4.22B | -9% | +13% | 17% | 20.7× | 11.1% | -2.4% |
| Asseco Poland ACP.WA | Poland | $4.85B | +31% | +2% | 11% | 23.5× | 4.0% | +6.6% |
| Kingdee International Software 0268.HK | Hong Kong | $4.16B | +3% | +17% | 2% | 65.4× | 45.4% | +15.0% |
| Talkweb Information System 002261.SZ | China | $4.11B | -39% | +9% | 1% | n/a | n/a | n/a |
| Beijing HyperStrong Technology 688411.SS | China | $4.99B | -29% | +38% | 12% | 16.7× | n/a | n/a |
BILL has 2 bonds outstanding with $1.52B face value.
BILL reported $52.4M of remaining performance obligations at 30 Sep 2026, down 24% from a year earlier and down 6% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.