BILL · Bill.com Holdings, Inc.

BILL Holdings delivered Q3 FY2026 results showing revenue acceleration with total revenue at $406.6 million, up 13% year-over-year, driven by core revenue growth of 16% to $371.1 million from stronger subscription fees (up 9%) and transaction fees (up 18%). Gross margins expanded slightly to 81.6% GAAP and 85.1% non-GAAP, reflecting operational efficiencies. The standout improvement was in profitability, with GAAP operating loss narrowing to just $0.4 million from $28.9 million a year ago, and non-GAAP operating income surging 50% to $79.8 million. Net income flipped positive at $12.8 million, or $0.12 diluted EPS. Business metrics remained robust, serving 493,800 customers, processing $89 billion in payments (up 12%) and 34 million transactions (up 14%). CEO René Lacerte highlighted the platform's market resonance and AI opportunities to address customer needs across a broader base, while CFO Rohini Jain emphasized margin improvements and shareholder returns via the new $1 billion buyback. Concurrently, the company announced a restructuring to enhance agility and profitability, cutting workforce by up to 30% with $30-60 million in charges, mostly cash severance and stock-based expenses in Q4 FY2026, excluded from non-GAAP measures. The 24-month repurchase authorization, including prior unused capacity, signals confidence in valuation and commitment to capital return, funded by cash on hand, with Q3 already seeing $52 million repurchased. Guidance points to Q4 revenue of $425-435 million (11-13% growth) and full-year $1.642-1.652 billion (12-13% growth), with non-GAAP operating income of $81.5-86.5 million for Q4 and $303.6-308.6 million for FY2026, alongside $0.69-0.72 non-GAAP EPS for Q4. These moves balance growth investment with cost discipline and shareholder value in a challenging macro environment.