Overview

* Bill Q1 total revenue grows 10% yr/yr, beating analyst expectations

* Adjusted net income for Q1 beats analyst expectations

* Company announces partnerships with NetSuite, Paychex, and Acumatica

Outlook

* Company expects Q2 FY26 total revenue of $394.5 mln to $404.5 mln

* BILL anticipates FY26 total revenue between $1,596.5 mln and $1,626.5 mln

* Company projects FY26 non-GAAP net income per share of $2.11 to $2.25

Result Drivers

* PARTNERSHIPS - New partnerships with NetSuite, Paychex, and Acumatica expanded market reach

* AI AGENTS - Introduction of AI Agents enabled touchless B2B transactions, enhancing efficiency

* TRANSACTION FEES - Transaction fees increased 16% yr/yr, driving core revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $395.70 $390.70

Revenue mln mln (22

Analysts

)

Q1 Core $358 mln

Revenue

Q1 Beat $70.20 $59.10

Adjusted mln mln (18

Net Analysts

Income )

Q1 Net -$3 mln

Income

Q1 Beat $68.20 $53.50

Adjusted mln mln (21

Operatin Analysts

g Income )

Q1 -$20.70

Operatin mln

g Income

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 ( BILL ) is $60.00, about 22.5% above its November 5 closing price of $46.52

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release:

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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.)