BILL Q1 revenue misses estimates despite transaction-fee growth
BILL•BILL’s fiscal Q1 revenue rose 13% year over year to $353.8 million, below the $439.33 million analyst estimate, while adjusted net income and adjusted operating income beat expectations. The company forecast Q2 revenue of $353 million to $363 million and fiscal 2027 revenue of $1.4335 billion to $1.4635 billion.
1. Quarterly results
BILL reported fiscal Q1 revenue of $353.8 million, up 13% year over year and below the $439.33 million analyst estimate. Adjusted net income was $119.1 million, compared with an estimate of $98.48 million, and adjusted operating income was $136.9 million, versus an estimate of $106.21 million.
2. Revenue drivers and outlook
Transaction fees increased 16% year over year to $239.1 million, while total payment volume rose 14% to $102 billion. BILL expects Q2 total revenue of $353 million to $363 million, core revenue of $315.5 million to $325.5 million, and fiscal 2027 total revenue of $1.4335 billion to $1.4635 billion.
3. Share repurchases
The company repurchased about 7 million shares for $305 million during the quarter. It also highlighted five product launches and a Visa pilot built in four weeks.
