Bill Holdings (BILL) FY2026 results: revenue $1.7 billion, up 13.0% on the year

BILL sells software that runs the back office of small and midsize businesses: paying suppliers, collecting from clients and managing employee spending. As of June 30, 2026, approximately 479,300 businesses used its solutions, and they processed approximately $371.3 billion in total payment volume during fiscal 2026. The company is headquartered in San Jose, California.

What the platform does

Accounts payable automation covers a bill from receipt through the approvals workflow to payment and synchronization with the accounting system. Each customer gets a dedicated email address to give its suppliers, and incoming bills are machine-read so that fields such as due date, amount and supplier name are pre-populated. Accounts receivable automation covers the creation of an invoice, its delivery to the client, collection of the funds and the sync back to the accounting system. Clients pay through a branded payment portal by ACH or credit card.

BILL Spend and Expense lets a business issue any employee a BILL Divvy Card, a charge card for business expenses, with budgets set by department, team or project. The cards are issued by Cross River Bank, WEX Bank and WebBank. When a business applies, BILL runs the identity checks and credit underwriting on behalf of the issuing bank, and the issuing bank then sells a 100% participation interest in the resulting receivable to BILL.

In fiscal 2026 the company launched BILL AI, including its first suite of AI agents, for tasks such as W-9 filings, automatic reconciliations and invoice coding. It also launched BILL Travel, for booking trips and tracking expenses.

How the money moves

The payments engine issues checks, initiates card transactions, originates ACH payments including real-time payments, and executes wire transfers. U.S.-based customers can send funds to over 130 countries. A Pay By Card feature lets a business pay with a credit or debit card even if the vendor does not accept cards: BILL charges the card, then pays the vendor by a method it accepts. Invoice financing, through a third-party bank, lets a business receive cash for an outstanding invoice for a small origination fee. The BILL Cash Account is a business deposit account held at a partner, a nationally chartered bank, with BILL acting as program manager and servicer.

The company generates revenue primarily from subscription and transaction fees, plus interest on funds held for customers between the day they leave a payer's account and the day they reach the receiver.

The network

When a supplier joins to receive a payment, it shares its bank account details once, and other BILL customers can then link to that same supplier without it repeating the process. The company reports approximately 9.2 million network members as of June 30, 2026, an increase of approximately 11% since June 30, 2025. It defines network members as its accounts payable and receivable customers plus their suppliers and clients who have paid or received funds electronically on the platform.

How it reaches customers

Direct sales run through a self-service process and an inside sales team. Indirect sales come through accounting firms, financial institutions and software providers. Accounting firms use a console built for them to run bill payment and client advisory services for their clients, and banks can offer a white-label integration inside their business banking. Under its Embed 2.0 initiative, the company has embed partnerships with Paychex, Oracle NetSuite and Acumatica that put its accounts payable, receivable and spend capabilities inside third-party platforms.

People

As of June 30, 2026, the company had 1,683 employees, with offices in San Jose, California and Draper, Utah. It has announced that it is transitioning to a remote-first company.

From BILL Holdings' annual report on Form 10-K for the year ended 30 June 2026. The filing

Written from the 10-K filed 20 August 2026: read the full 10-K.