BILL Holdings issues soft Q1 earnings guide after Q4 beat, authorizes $300M buyback

[Bill.com headquarters building exterior.]
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BILL Holdings (NYSE:BILL [https://seekingalpha.com/symbol/BILL]) on Wednesday turned in slightly softer-than-expected earnings guidance for the first quarter of fiscal year 2026 after posting fourth-quarter profit and sales that topped Wall Street's and its own expectations.

The company plans to buy back [https://seekingalpha.com/pr/20213781-bill-reports-fourth-quarter-and-fiscal-year-2025-financial-results-and-announces-300-million] up to $300M of its stock, and fund the new program using existing cash.

"Our new $300 million share repurchase program is enabled by our strong cash flow generation and reflects confidence in our strategy and in BILL as a compelling investment opportunity,” said Chief Financial Officer Rohini Jain.

For FY2026, the company sees adjusted EPS of $2.00-$2.20 (midpoint $2.10), vs. $2.18 average analyst estimate, and revenue of $1,589.5M-$1,629.5M (midpoint $1,609.5M), vs. $1.63B consensus.

Meanwhile, it sees Q2 2026 non-GAAP EPS of $0.49-$0.52 (midpoint $0.505), falling short of the $0.53 consensus, and revenue of $385.0M-$395.0M (midpoint $390.0M), in line with the $393.9M expected.

BILL (NYSE:BILL [https://seekingalpha.com/symbol/BILL]) shares edged up 0.4% in after-hours trading.

Non-GAAP EPS for the quarter ended June 30, 2025, of $0.53, beating the $0.41 consensus, rose from $0.50 in the three months ended March 31, 2025, and dipped from $0.57 a year earlier.

Fiscal Q4 revenue of $383.4M, vs. $376.3M expected, advanced from $358.2M in Q3 and $343.7M in last year's Q4.

“BILL delivered a strong Q4 with results ahead of guidance while deepening our market penetration,” Jain said. “We are driving growth through strategic initiatives while sharpening our focus on expanding profitability."

Core revenue, comprising subscription and transaction fees, rose 15% Y/Y to $345.9M in Q4, with subscription fees up 5% Y/Y to $68.8M and transaction fees up 18% Y/Y to $277.1M.

BILL (NYSE:BILL [https://seekingalpha.com/symbol/BILL]) repurchased about 2.2M of its shares in Q4 and July 2025 for a total cost of ~$100M.

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