BILL Holdings, Inc.

BILL Holdings, Inc.

Overview

BILL Holdings, Inc. is the parent company of BILL, an intelligent finance platform for small and medium-sized businesses (SMBs) and their accountants. The platform helps users manage, move, and maximize money across accounts payable, accounts receivable, expenses, forecasting, procurement, and payments.

Scale and network

• Approximately 479,300 businesses used BILL’s solutions as of June 30, 2026.
• Total Payment Volume (TPV) for fiscal 2026: $371.3 billion.
• About 9.2 million network members paid or received funds electronically via the BILL platform (as of June 30, 2026).
• The network connects customers, suppliers, and clients and enables two-way data synchronization and payments.

Product and platform capabilities

• Accounts Payable Automation: end-to-end AP processing from bill receipt to approvals and accounting system sync; AI-enabled data extraction and coding; mobile approvals; policy-driven workflows and collaboration tools.
• Accounts Receivable Automation: electronic invoice delivery and collection, customer-facing payment portal, real-time status tracking, and in-app collaboration.
• Spend and Expense Management: BILL Spend and Expense includes charge cards (BILL Divvy Card) with spend controls, budgeting by department/team/project, card issuance via issuing banks, and automatic receipt capture and categorization.
• Payment Services: supports ACH, card payments (including virtual cards), real-time payments (RTP), checks, and cross-border payments; Pay By Card for vendors that do not accept cards directly; international disbursements to many countries.
• Lending and Cash Account: invoice financing via a banking partner and the BILL Cash Account (FDIC-insured) offered through a partner bank; funds held in trust with interest income earned on balances.
• Data integrations and ecosystem: two-way synchronization with leading accounting systems (QuickBooks Online/Desktop, NetSuite, Sage Intacct, Xero, Microsoft Dynamics 365 Business Central); PO matching; extensive APIs and developer tools; supplier payments and value-added features such as a W-9 agent.
• Data and risk management: transaction and TPV data support platform features, risk assessment, and fraud controls.

AI and product expansion

• BILL launched BILL AI in fiscal 2026, introducing a suite of AI agents for tasks such as W-9 collection, customer support, touchless transactions, automatic reconciliations, and complex invoice coding.
• BILL Travel launched as a travel management offering integrated with the platform.
• Embed 2.0 program deploys embeddable BILL capabilities through third-party platforms; partners include Paychex, Oracle NetSuite, and Acumatica.

Customers and partnerships

• Direct SMB customers are complemented by a partner network of accounting firms, financial institutions, and software providers.
• An exclusive relationship with CPA.com supports marketing to accounting firms.
• The platform supports white-label and API integrations to embed BILL capabilities into partner ecosystems and customers’ existing software.

Geographic and regulatory footprint

• Primary operations are in the U.S. and Canada.
• The company maintains licenses and registrations and complies with applicable money transmission, AML/KYC, sanctions, PCI DSS, privacy, and data protection requirements.

Revenue model

• Revenue sources include subscription fees, transaction fees (including ad valorem and card-related fees), and interest earned on customer funds held during payment clearing.
• Fiscal year revenue: approximately $1.7 billion (2026), $1.5 billion (2025), and $1.3 billion (2024).
• Interest income on customer funds held in trust contributed about $148.4 million in 2026 (roughly 9% of total revenue for 2026).

Financial and operational highlights

• Net income (loss): -$11.2 million (2026); $23.8 million (2025); -$28.9 million (2024).
• TPV by year: $371.3 billion (2026); $329.8 billion (2025); $292.4 billion (2024).
• Workforce: 1,683 employees as of June 30, 2026, with U.S. offices in San Jose, CA and Draper, UT and a remote-first operating model.

Product and user experience

• AI agents automate tasks such as W-9 collection, invoice coding, reconciliation, and customer support.
• Two-way data synchronization reduces manual entry and provides real-time visibility into cash flows and approval workflows.
• The platform offers automated insights, budgeting, and cash flow forecasting up to 13 months.

Summary

BILL Holdings, Inc. provides an integrated, AI-enhanced finance platform for SMBs and their accountants that automates AP, AR, expenses, procurement, and payments, and includes lending and cash management features. The company serves hundreds of thousands of businesses and millions of connected participants, processes hundreds of billions in payments annually, and generates revenue from subscriptions, transaction fees, and interest on customer funds. It continues to expand through AI capabilities, embedded partnerships, and travel and spend-management offerings.