Bill.com Holdings, Inc. (BILL) reported second‑quarter 2026 results that surpassed analyst expectations, with total revenue of $414.7 million, up 14 % year‑over‑year, and a non‑GAAP operating margin of 18 %. The company’s non‑GAAP earnings per share were $0.64, beating the consensus estimate of $0.56 by $0.08, or 14 %.
Revenue growth was driven by a 17 % increase in core revenue—comprising subscription and transaction fees—which rose to $375.1 million. Subscription fees grew 6 % to $72.1 million, while transaction fees surged 20 % to $303.1 million. Float revenue added $39.5 million, reflecting continued demand for payment‑processing services.
The operating‑margin expansion to 18 % reflects a higher mix of high‑margin core revenue and disciplined cost management. Non‑GAAP operating income increased 18 % year‑over‑year to $74.1 million, driven by the stronger core‑revenue mix and incremental efficiencies in the platform. The EPS beat is largely attributable to this margin lift and the company’s ability to keep operating expenses in line with revenue growth.
Bill.com raised its full‑year 2026 revenue outlook to $1.631 billion–$1.651 billion, up from the prior guidance of $1.631 billion–$1.651 billion, and its non‑GAAP operating‑income guidance to $274.0 million–$286.5 million. For Q3 FY26, the company reiterated revenue guidance of $397.5 million–$407.5 million, maintaining confidence in continued mid‑market growth.
CEO René Lacerte said the quarter “delivered a strong performance that underscores our rapid innovation and the value of our AI‑driven platform.” CFO Rohini Jain added that the company “accelerated core revenue growth while strengthening our margin profile,” highlighting disciplined investment and operational leverage.
The results reinforce Bill.com’s competitive position in the SMB financial‑operations market, with robust transaction‑volume growth and a growing customer base. The company’s focus on AI and platform enhancements is expected to sustain the high‑margin core revenue trajectory, while disciplined cost control should support the expanded operating margin and the raised full‑year guidance.
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