Bill.com (BILL) tops Q1 estimates but shares slip on mixed guidance

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BILL Reports Third Quarter Fiscal Year 2024 Financial Results

May 2, 2024 4:05 PM EDT

Q3 Transaction Fees Increased 25% Year-Over-Year Q3 Core Revenue Increased 17% Year-Over-Year Q3 Total Revenue Increased 19% Year-Over-Year

SAN JOSE, Calif.--(BUSINESS WIRE)-- BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), today announced financial results for the third fiscal quarter ended March 31, 2024.

We delivered strong profitable growth for the quarter, continued our rapid pace of innovation, and executed with persistent rigor and effectiveness, said René Lacerte, BILL CEO and Founder. During the quarter, more than 450,000 small businesses used our solutions to... More