Added to YB: 2026-08-27
Pitch date: 2026-08-20
BILL [neutral]
BILL Holdings, Inc.
-1.22%
current return
Author Info
Bob’s Payment Stock Substack is a former analyst and portfolio manager. Fundamental buy-and-hold investor. Talking stocks and markets. Focus on Payments, Financial Technology, and Payroll and HCM. Sign up for the newsletter.
Company Info
BILL Holdings, Inc. provides financial operations platform for small and midsize businesses worldwide.
Market Cap
$3.7B
Pitch Price
$47.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
32.28
P/E
-387.73
EV/Sales
2.23
Sector
Software
Category
turnaround
Payments and FinTech Earnings Recap: Q2 2026 - BILL Holdings, Inc.
BILL (earnings): FQ4 beat but cautious initial FY27 rev outlook on GTM shift (selling platform not point solutions), deemphasized custom bank-partner solutions, and reduced S&E acceptance at a few merchants; now nets S&E rev of rewards costs. TPV $98.2B +14%; core rev +16%, high-end of guide. FY27 non-GAAP EPS comfortably above consensus; margin ex-float-interest to expand ~6pts (4-4.5pts/$80MM from RIF). Targets Rule of 40 exiting FY27. $600MM of $1B buyback done (14% of shares). Negatives: mid-term core growth low-DD to mid-teens (below 16%); AP/AR monetization down on ACH mix; FY27 GAAP NI $125MM < float interest $138MM. AI halving invoice-financing loss rates. Valuation: ~$1.65 normalized EPS, ~28-29x NTM at $48.
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