Bill Holdings (BILL) Q4 FY2024 earnings: revenue $344 million, up 16.1% on the year

Bill Holdings, Inc. (BILL) reported revenue of $344 million for Q4 FY2024, the quarter ended 30 June 2024, up 16.1% on the same quarter a year earlier. Net income was $8 million, and diluted earnings per share $-0.03. The figures are the company's own, from the 10-K it filed with the SEC on 23 August 2024.

Revenue$344 millionup 16.1%

Net income$8 million

Diluted EPS$-0.03

QuarterQ4 FY2024ended 30 June 2024

The quarter, against the one before and a year earlier

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Revenue	344	323	n/a	n/a
Cost of revenue	65.2	55.0	n/a	n/a
Gross profit	278	268	n/a	n/a
Gross margin	81.0%	83.0%	n/a
Research and development	79.6	81.6	n/a	n/a
Operating income	-22.2	-27.6	n/a	n/a
Operating margin	-6.5%	-8.6%	n/a
Pre-tax income	7.6	32.2	n/a	n/a
Income tax	0.0	0.4	n/a	n/a
Effective tax rate	0.0%	1.1%	n/a
Net income	7.6	31.8	n/a	n/a
Net margin	2.2%	9.8%	n/a
Diluted EPS	-$0.03	$0.00	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Operating cash flow	78.6	66.8	n/a	n/a
Capital expenditure	0.2	0.0	n/a	n/a
Free cash flow	78.4	66.8	n/a	n/a
Free cash flow margin	22.8%	20.7%	n/a
Cash from investing	-43.0	-618	n/a	n/a
Cash from financing	-20.2	-801	n/a	n/a
Depreciation and amortisation	11.7	12.3	n/a	n/a
Share-based compensation	58.3	59.4	n/a	n/a
Buybacks	0.0	0.0	n/a	n/a
Diluted shares, weighted	n/a	111m	n/a	n/a
Shares outstanding at period end	107m	106m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Shareholders' equity	4,134	4,059	n/a	n/a
Debt	914	1,146	n/a	n/a
Operating lease liabilities	62.8	65.0	n/a	n/a
Other liabilities	4,068	3,852	n/a	n/a
Total liabilities and equity	9,179	9,122	n/a	n/a
Fixed assets	88.0	87.3	n/a	n/a
Goodwill	2,397	2,397	n/a	n/a
Intangible assets	281	301	n/a	n/a
Investments	602	837	n/a	n/a
Cash and equivalents	986	952	n/a	n/a
Receivables	28.0	29.9	n/a	n/a
Other assets	4,797	4,518	n/a	n/a
Total assets	9,179	9,122	n/a	n/a

Quarterly results, the last 12 quarters

	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *
Revenue	305	318	323	344	358	363	358	383	396	415	407	436
Cost of revenue	56.0	58.4	55.0	65.2	64.7	66.6	67.2	73.6	77.0	83.6	74.7	80.0
Gross profit	249	260	268	278	294	296	291	310	319	331	332	356
Gross margin	82%	82%	83%	81%	82%	82%	81%	81%	81%	80%	82%	82%
R&D	89.1	86.5	81.6	79.6	78.7	84.8	86.5	90.0	80.3	82.8	74.4	63.1
Operating income	-56.6	-67.7	-27.6	-22.2	-7.7	-21.7	-28.9	-22.2	-20.7	-18.1	-0.4	-34.3
Operating margin	-19%	-21%	-9%	-6%	-2%	-6%	-8%	-6%	-5%	-4%	-0%	-8%
Pre-tax income	-27.3	-38.8	32.2	7.6	10.2	33.6	-10.3	-3.1	-2.8	-2.1	14.8	-20.0
Tax rate	n/a	n/a	1%	0%	12%	0%	n/a	n/a	n/a	n/a	13%	n/a
Net income	-27.9	-40.4	31.8	7.6	8.9	33.5	-11.6	-7.1	-3.0	-2.6	12.8	-18.5
Net margin	-9%	-13%	10%	2%	2%	9%	-3%	-2%	-1%	-1%	3%	-4%
Diluted EPS	-$0.26	-$0.38	$0.00	-$0.03	$0.08	-$0.06	-$0.11	-$0.07	-$0.03	-$0.03	$0.12	-$0.17
Operating cash flow	53.7	79.7	66.8	78.6	88.6	78.7	99.5	83.8	96.9	105	103	111
Capital expenditure	0.4	0.4	0.0	0.2	0.0	0.4	1.1	2.8	1.3	1.5	0.2	0.4
Free cash flow	53.3	79.3	66.8	78.4	88.6	78.3	98.4	81.0	95.6	104	103	111
Buybacks	12.1	200	0.0	0.0	200	200	0.0	30.0	83.1	133	56.9	288
Shares outstanding	107m	105m	106m	107m	103m	102m	103m	103m	100m	99m	100m	92m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 30 June 2024, filed 23 August 2024, accession 0001786352-24-000035: the filing on EDGAR. All of Bill Holdings, Inc.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install