BILL (NYSE:BILL) Issues Quarterly Earnings Results

Posted by Francis Steltz on Nov 7th, 2026

BILL (NYSE:BILL – Get Free Report) released its quarterly earnings data on Thursday. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20, FiscalAI reports. The company had revenue of $353.77 million during the quarter, compared to analysts’ expectations of $438.62 million. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The firm’s quarterly revenue was down 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. BILL updated its FY 2027 guidance to 3.990-4.150 EPS and its Q2 2027 guidance to 0.970-1.010 EPS.

Here are the key takeaways from BILL’s conference call:

BILL reported 14% year-over-year core revenue growth and a 39% non-GAAP operating margin in Q1. GAAP net income was $60 million, and the company raised its FY 2027 outlook to more than $180 million of GAAP profit.
AI product development and adoption are gaining momentum: more than 200,000 businesses have used BILL’s agents, and its new Risk Intelligence agent flagged over $100 million in unusual or mistaken payments for customer review in its first six weeks. Management sees opportunities to improve customer onboarding, retention, and productivity, though it said measurable business outcomes are still developing.
Payment activity and monetization trends strengthened: same-store TPV grew 7%, ad valorem volume growth accelerated sequentially, and core ARPU growth reached 4.1%. The company also reported 30% year-over-year growth in customers using both AP and Spend & Expense.
Management expects Q2 core revenue growth to slow to 10%–13%, citing a tough comparison, seasonal pressure on take rates, and continued adjustments to its sales organization and incentives. It also flagged rising operating expenses later in the year, a planned shift away from some legacy embed partnerships, and ongoing uncertainty around card acceptance in Spend & Expense.
For FY 2027, BILL expects 11%–14% core revenue growth, approximately 33% non-GAAP operating margin, and 47% growth in non-GAAP EPS at the midpoint. The company also repurchased about $300 million of stock in Q1 and expects to use the remaining buyback authorization.

BILL Stock Up 3.3%

Shares of BILL traded up $1.70 during mid-day trading on Friday, hitting $52.59. The company’s stock had a trading volume of 2,211,065 shares, compared to its average volume of 1,332,021. The company’s 50-day moving average is $47.26 and its 200-day moving average is $42.70. BILL has a 52-week low of $31.41 and a 52-week high of $57.21. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 103.11, a PEG ratio of 0.72 and a beta of 1.08. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49.

Insider Buying and Selling

In related news, insider Michael Cieri sold 10,754 shares of BILL stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $49.13, for a total transaction of $528,344.02. Following the transaction, the insider directly owned 997 shares of the company’s stock, valued at $48,982.61. This trade represents a 91.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Rene Lacerte sold 141,256 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $48.42, for a total transaction of $6,839,615.52. Following the completion of the transaction, the chief executive officer directly owned 100,899 shares of the company’s stock, valued at $4,885,529.58. This trade represents a 58.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 267,997 shares of company stock worth $13,057,984. Insiders own 13.20% of the company’s stock.

Analysts Set New Price Targets

BILL has been the subject of a number of research reports. Wall Street Zen upgraded BILL from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. The Goldman Sachs Group raised their price objective on BILL from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. BTIG Research reaffirmed a “buy” rating and set a $60.00 target price on shares of BILL in a research report on Thursday, August 20th. Wolfe Research upped their target price on BILL from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Finally, Zacks Research downgraded BILL from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, BILL has a consensus rating of “Moderate Buy” and a consensus price target of $57.59.

View Our Latest Analysis on BILL

Key BILL News

Here are the key news stories impacting BILL this week:

Positive Sentiment: BILL reported first-quarter fiscal 2027 adjusted earnings of $1.18 per share, beating the $0.98 consensus and rising from $0.61 a year earlier. Its FY2027 EPS forecast of $3.99–$4.15 also topped the $3.44 analyst estimate. BILL first-quarter results
Positive Sentiment: Oppenheimer raised its price target to $60 from $55 and maintained an outperform rating. Keefe, Bruyette & Woods lifted its target to $58 from $52, while keeping a market-perform rating. Oppenheimer recommendations Keefe, Bruyette & Woods recommendations
Positive Sentiment: Management highlighted margin gains, increased AI adoption and improving payment monetization, including five product launches and a Visa pilot. These developments may support growth and profitability as BILL works through sales restructuring. Earnings call highlights
Negative Sentiment: Revenue was $353.77 million, below the $438.62 million consensus and down 10.6% year over year. Revenue guidance also lagged expectations: BILL forecast $1.4–$1.5 billion for FY2027 versus $1.8 billion consensus, and $353–$363 million for Q2 versus $453.1 million. This gap may temper enthusiasm despite the EPS beat.

BILL Company Profile

(Get Free Report)

BILL Holdings, Inc provides financial operations software for small and midsize businesses, accountants and financial institutions. Its cloud-based platform is designed to automate and simplify back-office processes, including accounts payable, accounts receivable, expense management, budgeting and payments.

The company’s offerings enable businesses to receive and pay bills, send invoices, manage expenses, establish spending controls and connect financial workflows with accounting systems.