Bill Holdings reclassifies card rewards as revenue reduction instead of marketing expense
BILL•Bill Holdings reclassified Spend and Expense card rewards from marketing expenses to reductions in subscription and transaction revenue. The change reduced June 2026 quarterly revenue by $94 million to $342.18 million, with no impact on earnings, the balance sheet or cash flows.
1. Accounting reclassification
Effective July 1, 2026, Bill Holdings reclassified Spend and Expense card rewards from marketing expenses to reductions in subscription and transaction revenue. Reporting will reflect the change beginning with the quarter ending September 30, 2026, and prior periods will be retrospectively adjusted. June 2026 quarterly revenue was reduced by $94 million to $342.18 million, while operating expenses fell by the same amount; the reclassification has no impact on earnings, the balance sheet or cash flows.
