---
schema_version: "secwatch.filing_event.v1"
accession: "0001786352-23-000014"
form_type: "8-K"
ticker: "BILL"
cik: "0001786352"
company_name: "BILL Holdings, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:40:43.808656+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BILL Holdings Q3 FY2023 revenue up 63% YoY to $272.6M; non-GAAP net income $58.7M

## Summary
- Total revenue $272.6M (+63% YoY); core revenue $239.5M (+45% YoY).
- Non-GAAP net income $58.7M ($0.50 diluted) vs loss of $8.7M in Q3 FY2022.
- GAAP gross margin 82.1%; non-GAAP gross margin 87.0% (record).
- Served 455,300 businesses; processed $64.7B total payment volume in Q3.
- Repurchased ~359,000 shares for $27M; Q4 revenue guidance $277-280M; FY23 revenue guidance $1.0395-1.0425B.

## SEC filing metadata
- accession: 0001786352-23-000014
- form_type: 8-K
- ticker: BILL
- cik: 0001786352
- company_name: BILL Holdings, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786352/000178635223000014/0001786352-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786352/000178635223000014/bill-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001786352-23-000014
- JSON: https://secwatch.observer/filing/0001786352-23-000014.json
- Plain text: https://secwatch.observer/filing/0001786352-23-000014.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786352/000178635223000014/0001786352-23-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.