BILL Holdings (BILL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

BILL Holdings

NYSE•Technology•Software - Application

$49.00-0.96(-0.02%)Pre-market

Market Cap

$4.80B

P/S

2.9x

P/B

1.4x

BILL Holdings, Inc. provides financial operations platform for small and midsize businesses worldwide. The company offers cloud-based payments, accounts payable, accounts receivable, and spend and expense management solutions. It also provides BILL Spend and Expense, a spend and expense management suite that provides a solution for businesses to have charge cards, build and monitor budgets, manage payments, and eliminate the need for manual expense reports. In addition, the company offers onboarding implementation support, and ongoing support and training services. Additionally, it provides payment services, including ACH, card, real-time, and cross-border payments, as well as checks and pay by card services; lending and deposit products; and value-added services. The company's artificial intelligence enabled financial software platform provides connections between suppliers and clients. It serves accounting firms, financial institutions, and software provider companies. The company was formerly known as Bill.com Holdings, Inc. and changed its name to BILL Holdings, Inc. in February 2023. BILL Holdings, Inc. was incorporated in 2006 and is headquartered in San Jose, California.

How this company scores

AverageMetricSide Score: 53/100

Strongest: Cash & Earnings Quality (17/25); weakest: Profitability (8/25).

Profitability8/25

Growth15/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality17/25

Strengths

Rising free cash flowLong cash runwayConsistent free cash flowConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 22545.0x5y range 107.7x – 22545.0x

Currently above its 6-quarter median.

P/S · 2.9x5y range 2.3x – 15.7x

Currently below its 20-quarter median.

P/B · 1.4x5y range 1.0x – 2.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -9.7x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $4.80B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.65B
Q. Revenue: $436.19M
TTM EBITDA: $-40.28M
TTM Op. Income: $-73.45M
Q. Op. Income: $-34.25M
TTM Net Income: $-11.24M
Q. Net Income: $-18.48M
EPS: $-0.189
Shares Out.: $97.93M

$1.65B in TTM revenue grew 13.0% YoY, reaching $436.19M last quarter. TTM EBITDA of $-40.28M and TTM operating income of $-73.45M show growth is flowing through to the bottom line. However, net income is negative at $11.24M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 81.7%
EBITDA Margin: -6.0%
Op. Margin: -7.9%
Net Margin: -4.2%

Op. margin of -7.9% is down 2.0% YoY — costs are rising relative to revenue. Net margin at -4.2% and gross margin of 81.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 35% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 2.9x
P/B Ratio: 1.4x

P/S of 2.9x and P/B of 1.4x. Across the last 6 quarters, P/E has risen for 4 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $10.22B
Cash: $1.03B
Long-Term Debt: $1.84B
Book Value: $3.53B
D/E Ratio: 0.5
Debt/EBITDA: N/A

With $10.22B in assets and $1.84B in long-term debt, D/E is 0.5and book value is $3.53B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 5 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $110.99M
TTM Free Cash Flow: $412.50M
FCF Margin: 25.0%
FCF / Net Income: -36.7

TTM FCF of $412.50M on $110.99M in operating cash flow. The FCF / Net Income ratio of -36.7x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 6 consecutive quarters — an improving trend.