Overview
Finance platform's Q2 total revenue rose 14% yr/yr, beating analysts' expectations
Adjusted net income beat analysts' expectations
Company repurchased 2.5 mln shares for $133 mln in Q2
Outlook
Company projects Q3 total revenue between $397.5 mln and $407.5 mln
BILL expects FY26 total revenue between $1,631.0 mln and $1,651.0 mln
Company anticipates FY26 non-GAAP net income per diluted share of $2.33 - $2.41
Result Drivers
AI AND INNOVATION - Co leveraged AI to streamline workflows and enhance B2B transactions, contributing to revenue growth
CORE REVENUE GROWTH - Core revenue rose 17% yr/yr, driven by subscription and transaction fees
MARGIN IMPROVEMENT - Non-GAAP operating income rose 18% yr/yr, indicating improved operational efficiency
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $414.70 mln | $398.39 mln (22 Analysts) |
Q2 Core Revenue | $375.10 mln | ||
Q2 Adjusted Net Income | Beat | $73.40 mln | $64.33 mln (19 Analysts) |
Q2 Adjusted Operating Income | Beat | $74.10 mln | $65.67 mln (21 Analysts) |
Q2 Operating Income | -$18.10 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for BILL Holdings Inc is $60.00, about 61.2% above its February 4 closing price of $37.23
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 22 three months ago
Press Release: ID:nBw1FhXFsa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)