BILL Holdings Inc. (NYSE: BILL) saw its stock soar 5.79% in after-hours trading following the release of its first-quarter fiscal year 2026 financial results, which surpassed analyst expectations. The company, which provides cloud-based software that simplifies, digitizes, and automates financial operations for small and midsize businesses, reported strong revenue growth and announced new strategic partnerships.

BILL's Q1 total revenue reached $395.7 million, beating the IBES estimate of $390.7 million and representing a 10% year-over-year increase. The company's core revenue, which excludes float revenue, grew even more impressively at 14% year-over-year to $358 million. Adjusted net income for the quarter was $70.2 million, significantly outperforming the IBES estimate of $59.1 million.

Adding to the positive sentiment, BILL announced new partnerships with NetSuite, Paychex, and Acumatica, which are expected to expand its market reach. The company also provided an optimistic outlook for Q2 and the full fiscal year 2026, projecting continued growth. These factors, combined with the introduction of AI Agents enabling touchless B2B transactions, have bolstered investor confidence in BILL's future prospects, driving the stock's after-hours rally.