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Investing.com -- Bill.com Holdings Inc. (NYSE:BILL) reported better-than-expected fourth quarter results on Wednesday, but shares fell 4% in trading as the company’s forward guidance fell short of analyst expectations.
The financial operations platform provider posted adjusted earnings of $0.53 per share for its fiscal fourth quarter, significantly exceeding the analyst consensus of $0.41 per share. Revenue reached $383.3 million, up 12% YoY and ahead of the $376.52 million analysts had expected. Core revenue, which includes subscription and transaction fees, grew 15% YoY to $345.9 million.
Despite the strong quarterly performance, investors focused on the company’s guidance. For the first quarter of fiscal 2026, Bill.com expects adjusted earnings of $0.49-$0.52 per share, below the $0.53 consensus. First-quarter revenue is projected at $385-395 million, with the midpoint falling short of the $393.9 million analyst estimate.
"Fiscal year 2025 was pivotal for BILL as we drove growth and profitability, launched essential new software and payment products for customers and suppliers, and expanded our market opportunity," said René Lacerte, BILL CEO and Founder. "Our scale, along with the breadth of our platform, and the power of our innovation uniquely position BILL to win intelligent financial operations."
The company processed $86 billion in total payment volume during the quarter, a 13% increase from the previous year, and handled 33 million transactions, up 18% YoY. Bill.com now serves approximately 493,800 businesses.
For fiscal 2026, the company projects adjusted earnings of $2.00-$2.20 per share on revenue of $1.59-1.63 billion. The midpoint of the revenue guidance range falls slightly below analysts’ expectations of $1.63 billion.
Bill.com also announced a new $300 million share repurchase program, reflecting what CFO Rohini Jain called "confidence in our strategy and in BILL as a compelling investment opportunity."