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BILL Holdings, Inc. key statistics and ratios

In fiscal 2026, BILL Holdings, Inc. had return on equity of -0.3% and a net margin of -0.7%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2018Jun 20182019Jun 20192020Jun 20202021Jun 20212022Jun 20222023Jun 20232024Jun 20242025Jun 20252026Jun 2026
Net margin−11.1%−6.8%−19.7%−41.4%−50.8%−21.1%−2.2%1.6%−0.7%
Return on equity——−10.2%−6.1%−9.9%−5.5%−0.7%0.6%−0.3%
Return on assets—−0.5%−1.6%−2.4%−4.3%−2.4%−0.3%0.2%−0.1%
Effective tax rate———————21.7%—
R&D as % of revenue27.7%26.7%33.6%37.6%34.2%29.7%26.1%23.3%18.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 6 checks passed · June 30, 2026
What it owns · $10.2bn
Short-term assets $7.4bnLonger-term assets $2.8bn
What it owes, and who funded it · $10.2bn
Short-term liabilities $4.9bnLonger-term liabilities $1.8bnShareholders' equity $3.5bn
  • Short-term assets cover short-term liabilities $7.4bn of assets due within a year against $4.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $7.4bn short-term assets against $1.8bn of longer-dated liabilities.
  • More cash than debt $1.0bn of cash against $1.8bn of debt.
  • Debt below 40% of shareholders' equity Debt is 52% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 43% to 52% over five years.
  • A year's operating cash flow covers at least 20% of debt $416m of operating cash flow against $1.8bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From BILL Holdings, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

28 /100

Weak moat

How hard BILL Holdings's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median 2.2% of total assets over 6 years.

  • Pricing power 18 / 20

    Gross margin has been a median 79.2%, moving by 3.6 percentage points (standard deviation) across 8 years.

  • Durability 10 / 20

    Operating margin has been a median -17.6%; its worst year was -49.4%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 4 of 7 years, at a median 17.0% of revenue.

  • Discipline 0 / 20

    The diluted share count rose 20.7% over five years; stock-based pay has been a median 19.3% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (43 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: BILL vs BSYBILL vs PATHBILL vs YMMBILL vs ZETA

More: Application Software stocks compared, Technology sector, rankings of US companies

Figures from BILL Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to BILL Holdings, Inc.