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Software - Application · Technology · Fiscal year ends Jun 30
BILL reported revenue of $1.7B in the fiscal year ended Jun 2026, up 13.0% from the year before. Operating income was −$73M, an operating margin of −4.4%, and net income was −$11M. Operating cash flow of $416M less capital expenditure of $3M left free cash flow of $412M. Net debt was $805M.
Ranks among the 83 software - application companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 642 | 1,058 | 1,290 | 1,463 | 1,653 |
| Cost of revenue | 145 | 194 | 235 | 272 | 315 |
| Gross profit | 497 | 864 | 1,056 | 1,190 | 1,338 |
| Research & development | 220 | 315 | 337 | 340 | 301 |
| Selling, general & admin | 528 | 765 | 756 | 826 | 916 |
| Operating income | −317 | −296 | −174 | −80.6 | −73.4 |
| Net interest incomeBanks | – | −8.2 | −12.9 | −13.8 | −19.4 |
| Interest expense | 9.4 | 15.2 | 19.2 | – | – |
| Pre-tax income | −331 | −223 | −26.3 | 30.4 | −10.1 |
| Income tax | −4.3 | 0.8 | 2.6 | 6.6 | 1.1 |
| Net income | −326 | −224 | −28.9 | 23.8 | −11.2 |
| Diluted EPS | −3.21 | −2.11 | −0.27 | −0.07 | −0.11 |
| Diluted shares | 102 | 106 | 106 | 104 | 99.9 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 1,597 | 1,617 | 986 | 1,038 | 1,031 |
| Receivables | 24.0 | 28.2 | 28.0 | 32.3 | 31.0 |
| Current assets | 6,279 | 6,673 | 6,315 | 7,239 | 7,435 |
| Net PP&E | 57.0 | 81.6 | 88.0 | 117 | 145 |
| Goodwill | 2,363 | 2,397 | 2,397 | 2,397 | 2,397 |
| Total assets | 9,256 | 9,636 | 9,179 | 10,064 | 10,218 |
| Payables | 9.9 | 8.5 | 7.4 | 16.3 | 9.6 |
| Deferred revenue | 31.9 | 26.3 | 17.0 | 22.4 | 19.4 |
| Current liabilities | 3,409 | 3,753 | 4,063 | 4,589 | 4,925 |
| Long-term debt | 1,773 | 1,840 | 914 | 1,714 | 1,836 |
| Total liabilities | 5,212 | 5,550 | 5,045 | 6,150 | 6,688 |
| Shareholders' equity | 4,044 | 4,086 | 4,134 | 3,914 | 3,531 |
| Backlog (remaining obligations) | 150 | 131 | 86.8 | 73.1 | 55.6 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | −18.1 | 188 | 279 | 351 | 416 |
| Capital expenditure | 5.4 | 7.6 | 1.0 | 4.3 | 3.3 |
| Free cash flow | −23.5 | 180 | 278 | 346 | 412 |
| Depreciation & amortisation | 11.5 | 15.5 | 23.2 | 27.5 | 55.9 |
| Stock-based compensation | 197 | 314 | 248 | 243 | 230 |
| Acquisitions | 144 | 28.9 | 0.0 | 0.0 | – |
| Share buybacks | 0.0 | 87.6 | 212 | 430 | 560 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 64.9% | 21.9% | 13.4% | 13.0% |
| Gross margin | 77.4% | 81.7% | 81.8% | 81.4% | 80.9% |
| Operating margin | −49.4% | −27.9% | −13.5% | −5.5% | −4.4% |
| Net margin | −50.8% | −21.1% | −2.2% | 1.6% | −0.7% |
| Return on equityBlank when equity is negative | −8.1% | −5.5% | −0.7% | 0.6% | −0.3% |
| ROCEEBIT ÷ (assets − current liabilities) | −5.4% | −5.0% | −3.4% | −1.5% | −1.4% |
| Free cash flow margin | −3.7% | 17.0% | 21.5% | 23.7% | 25.0% |
| Cash conversion (CFO ÷ net income) | 0.06x | −0.84x | −9.65x | 14.7x | −37.0x |
| Receivable days | 14 | 10 | 8 | 8 | 7 |
| Payable days | 25 | 16 | 12 | 22 | 11 |
| Interest cover | −33.6x | −19.5x | −9.08x | – | – |
| Debt ÷ equity | 0.44x | 0.45x | 0.22x | 0.44x | 0.52x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 177 | 223 | −71.9 | 676 | 805 |
| Current ratio | 1.84x | 1.78x | 1.55x | 1.58x | 1.51x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.