Bill Com (BILL) financial statements
Bill Com reported revenue of $1.7B in fiscal 2026, up 49.9% a year over 8 years.
Net income was -$11M and the operating margin -4.4%, against -12.1% in 2018.
Free cash flow was $355M, and the company returned $560M in net buybacks.
The diluted share count rose 1296% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Bill Com's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $65M | $108M | $158M | $238M | $642M | $1.1B | $1.3B | $1.5B | $1.7B |
| Cost of revenue | $19M | $30M | $39M | $62M | $145M | $194M | $235M | $272M | $315M |
| Gross profit | $45M | $78M | $118M | $176M | $497M | $864M | $1.1B | $1.2B | $1.3B |
| Research and development | $18M | $29M | $53M | $90M | $220M | $315M | $337M | $340M | $301M |
| Selling, general and admin | $35M | $59M | $99M | $196M | $528M | $765M | $756M | $826M | $916M |
| Operating income | -$8M | -$10M | -$34M | -$114M | -$317M | -$296M | -$174M | -$81M | -$73M |
| Interest expense | $427,000 | $825,000 | $229,000 | $28M | $9M | $15M | $19M | — | — |
| Pre-tax income | -$7M | -$7M | -$31M | -$139M | -$331M | -$223M | -$26M | $30M | -$10M |
| Income tax | $10,000 | -$156,000 | $53,000 | -$41M | -$4M | $808,000 | $3M | $7M | $1M |
| Net income | -$7M | -$7M | -$31M | -$99M | -$326M | -$224M | -$29M | $24M | -$11M |
| EPS (diluted) | -$1.01 | -$0.94 | -$0.70 | -$1.19 | -$3.21 | -$2.11 | -$0.27 | -$0.07 | -$0.11 |
| Diluted shares | 7M | 8M | 44M | 83M | 102M | 106M | 106M | 104M | 100M |
| Gross margin | 70.1% | 72.4% | 75.2% | 74.1% | 77.4% | 81.7% | 81.8% | 81.4% | 80.9% |
| Operating margin | -12.1% | -9.0% | -21.7% | -47.8% | -49.4% | -27.9% | -13.5% | -5.5% | -4.4% |
| Net margin | -11.1% | -6.8% | -19.7% | -41.4% | -50.8% | -21.1% | -2.2% | 1.6% | -0.7% |
Balance sheet
Fiscal years, from Bill Com's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $22M | $162M | $698M | $1.2B | $2.7B | $2.7B | $1.6B | $2.2B | $1.9B |
| Receivables | — | $4M | $4M | $18M | $24M | $28M | $28M | $32M | $31M |
| Total current assets | — | $1.5B | $2.4B | $3.6B | $6.3B | $6.7B | $6.3B | $7.2B | $7.4B |
| Property, plant and equipment | — | $7M | $14M | $49M | $57M | $82M | $88M | $117M | $145M |
| Goodwill | — | — | $0 | $1.8B | $2.4B | $2.4B | $2.4B | $2.4B | $2.4B |
| Total assets | — | $1.5B | $2.4B | $6.0B | $9.3B | $9.6B | $9.2B | $10.1B | $10.2B |
| Total current liabilities | — | $1.3B | $1.7B | $2.3B | $3.4B | $3.8B | $4.1B | $4.6B | $4.9B |
| Total liabilities | — | $1.4B | $1.7B | $3.4B | $5.2B | $5.6B | $5.0B | $6.1B | $6.7B |
| Shareholders' equity | -$102M | -$103M | $711M | $2.5B | $4.0B | $4.1B | $4.1B | $3.9B | $3.5B |
| Net debt | -$22M | -$90M | -$574M | -$510M | -$1.6B | -$1.6B | -$986M | -$1.0B | -$1.0B |
Cash flow
Fiscal years, from Bill Com's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$8M | -$4M | -$4M | $5M | -$18M | $188M | $279M | $351M | $416M |
| Capital spending | $2M | $4M | $12M | $21M | $16M | $31M | $21M | $38M | $61M |
| Free cash flow | -$10M | -$8M | -$17M | -$17M | -$34M | $157M | $258M | $313M | $355M |
| Stock-based compensation | $2M | $4M | $18M | $68M | $197M | $314M | $248M | $243M | $230M |
| Share buybacks (net) | — | — | — | $0 | $0 | -$88M | -$212M | -$430M | -$560M |
| Free cash flow margin | -16.0% | -7.6% | -10.5% | -7.0% | -5.3% | 14.8% | 20.0% | 21.4% | 21.5% |
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Open BILL in InvestinglyQuestions
What was Bill Com's revenue in 2026?
$1.7B in fiscal 2026, from its 10-K filing.
How much free cash flow does Bill Com generate?
$355M in fiscal 2026 (operating cash flow minus capital spending).
From Bill Com's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.