Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
BILL Holdings, Inc. reported the third fiscal quarter ended March 31, 2023 results: revenue $272.6 million, net income $31.1 million, EPS ($0.29) per share. Guidance initiated.
- Period
- the third fiscal quarter ended March 31, 2023
- Revenue
- $272.6 million
- Net income
- $31.1 million
- EPS
- ($0.29) per share
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Financial Highlights for the Third Quarter of Fiscal 2023: The financial measures listed below identified as BILL standalone exclude the results of Divvy, Invoice2go, and Finmark. • Total revenue was $272.6 million, an increase of 63% year-over-year. • Core revenue, which consists of subscription and transaction fees, was $239.5 million, an increase of 45% year-over-year. ◦ Subscription fees were $66.7 million , up 28% year-over-year. This includes $57.6 million of subscription fees from the BILL standalone platform, which increased 33% year-over-year. ◦ Transaction fees were $172.8 million, up 52% year-over-year. This includes $83.2 million of transaction fees from the BILL standalone platform, which increased 41% year-over-year, and $88.6 million of transaction fees from our Divvy spend management solution, which increased 65% year-over-year. • Float revenue, which consists of interest on funds held for customers, was $33.1 million. • G ross profit was $223.7 million, representing an
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