--- schema_version: "secwatch.filing_event.v1" accession: "0001628280-26-032064" form_type: "8-K" ticker: "BILL" cik: "0001786352" company_name: "BILL Holdings, Inc." filed_at: "2026-05-07T23:59:59+00:00" generated_at: "2026-05-14T21:57:19.333575+00:00" event_type: "earnings" sentiment: "neutral" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # BILL reports Q3 FY26 revenue $406.6M (+13% YoY), plans 30% workforce cut, authorizes $1B buyback ## Summary - Q3 total revenue $406.6M (+13% YoY), core revenue $371.1M (+16% YoY). GAAP net income $12.8M ($0.12 diluted EPS) vs net loss $11.6M last year. Non-GAAP net income $77.2M ($0.68 diluted EPS). - Workforce reduction of up to 30% announced; estimated charges $30M-$60M, mostly in Q4 FY26, completion by Q1 FY27. - Board authorized $1.0B share repurchase program with 24-month term, replacing existing Aug 2025 authorization. - FY26 Q4 guidance: total revenue $425M-$435M, core revenue $392M-$402M, non-GAAP operating income $81.5M-$86.5M. ## SEC filing metadata - accession: 0001628280-26-032064 - form_type: 8-K - ticker: BILL - cik: 0001786352 - company_name: BILL Holdings, Inc. - filed_at: 2026-05-07T23:59:59+00:00 - event_type: earnings - sentiment: neutral - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 2.02, 2.05, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1786352/000162828026032064/0001628280-26-032064-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786352/000162828026032064/bill-20260507.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001628280-26-032064 - JSON: https://secwatch.observer/filing/0001628280-26-032064.json - Plain text: https://secwatch.observer/filing/0001628280-26-032064.txt ## Key facts - Earnings Releases BILL Holdings, Inc. reported the fiscal fourth quarter ending June 30, 2026 and the full fiscal year ending June 30, 2026 results: EPS $0.69 - $0.72. Guidance initiated. - Period: the fiscal fourth quarter ending June 30, 2026 and the full fiscal year ending June 30, 2026 - EPS: $0.69 - $0.72 - Guidance: initiated - Result: guidance update source text: We are providing the following guidance for the fiscal fourth quarter ending June 30, 2026 and the full fiscal year ending June 30, 2026. Q4 FY26 Guidance FY26 Guidance Total revenue (millions) $425.0 - $435.0 $1,642.0 - $1,652.0 Year-over-year total revenue growth 11% - 13% 12% - 13% Core revenue (millions) $392.0 - $402.0 $1,496.3 - $1,506.3 Year-over-year core revenue growth 13% - 16% 15% - 16% Non-GAAP operating income (millions) $81.5 - $86.5 $303.6 - $308.6 Non-GAAP net income (millions) $78.0 - $82.0 $298.7 - $302.7 Non-GAAP net income per diluted share $0.69 - $0.72 $2.61 - $2.64 evidence_url: https://www.sec.gov/Archives/edgar/data/1786352/000162828026032064/0001628280-26-032064-index.htm - Earnings Releases BILL Holdings, Inc. reported the third fiscal quarter ended March 31, 2026 results: revenue $406.6 million, net income $12.8 million, EPS $0.12 per diluted share. - Period: the third fiscal quarter ended March 31, 2026 - Revenue: $406.6 million - Net income: $12.8 million - EPS: $0.12 per diluted share - Result: reported results source text: Total revenue was $406.6 million, an increase of 13% year-over-year. • Core revenue, which consists of subscription and transaction fees, was $371.1 million, an increase of 16% year-over-year. Subscription fees were $74.5 million, up 9% year-over-year. Transaction fees were $296.6 million, up 18% year-over-year. • Float revenue, which consists of interest on funds held for customers, was $35.4 million. • Gross profit was $331.9 million, representing an 81.6% gross margin, compared to $291.0 million, or an 81.2% gross margin, in the third quarter of fiscal 2025. Non-GAAP gross profit was $346.0 million, representing an 85.1% non-GAAP gross margin, compared to $304.0 million, or an 84.9% non-GAAP gross margin, in the third quarter of fiscal 2025. • Operating loss was $0.4 million, compared to $28.9 million in the third quarter of fiscal 2025. Non-GAAP operating income was $79.8 million, compared to $53.3 million in the third quarter of fiscal 2025, an increase of 50% year-over-year. • Ne evidence_url: https://www.sec.gov/Archives/edgar/data/1786352/000162828026032064/0001628280-26-032064-index.htm - Restructurings & Charges BILL Holdings, Inc. announced a restructuring with charges of approximately $30 million to $60 million (up to 30%). - Type: restructuring - Charge: approximately $30 million to $60 million - Headcount: up to 30% source text: On May 7, 2026, the Company additionally announced that it will reduce its workforce by up to 30% (the “Restructuring”). The Restructuring is part of the Company’s ongoing efforts to improve organizational agility and efficiency, while also seeking to drive greater profitability. The Company currently estimates that it will incur charges of approximately $30 million to $60 million in connection with the Restructuring, consisting primarily of cash expenditures for severance payments, employee benefits, and related costs as well as non-cash charges related to stock-based compensation expense. evidence_url: https://www.sec.gov/Archives/edgar/data/1786352/000162828026032064/0001628280-26-032064-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.