Bill.com reported fiscal fourth-quarter adjusted earnings per share of $0.84, exceeding the $0.70 estimate by 20%, while total revenue reached $436.2 million, surpassing the $430.37 million forecast by 1.35%. Core revenue rose 16% year-over-year to $400.5 million, with non-GAAP net income climbing 53% to $94 million.
The company expanded its non-GAAP operating margin by 860 basis points to 23%, driven by restructuring savings of approximately $110 million, of which $30 million was reinvested, yielding a net benefit of about $80 million. Gross profit margin stood at 83.68%, according to InvestingPro data, while market capitalization was $4.72 billion.
Bill.com repurchased roughly $300 million of shares at an average price of $35.31, retiring approximately 15 million shares, representing nearly 14% of common stock outstanding since the third quarter. Committed total payment volume, including supplier payments, reached nearly $800 million.
During regular trading, shares fell 2.97% to $47.71, though they rebounded 2.08% in after-hours trading to $48.70. The stock has traded between $31.41 and $57.21 over the past 52 weeks.
For fiscal 2027, Bill.com guided non-GAAP EPS to $3.56–$3.79, non-GAAP operating income to $421–$451 million, and total revenue to $1.807–$1.857 billion. Core revenue is projected at $1.669–$1.719 billion.
AI-driven products drove adoption metrics, with over 175,000 businesses using AI agents. Usage of the W9 agent more than tripled sequentially to over 40,000 organizations, while the Invoice Coding Agent, launched in February, was adopted by over 60,000 companies, reducing coding steps by about 90% and cutting processing time nearly in half. The Pay For You Agent completed over 30,000 card transactions without human interaction in the quarter.
Joint customers across accounts payable and spend & expense grew 35% year-over-year, with net revenue retention at 111%. Invoice financing volume and revenue rose approximately 30% year-over-year, while the expected loss rate improved by more than 50%.
René Lacerte, chairman, CEO and founder, stated that the quarter marked a pivotal shift toward an AI-native platform, automating financial operations for nearly 500,000 customers. CFO Rohini Jain noted that profitability questions from a year ago had been resolved, positioning the company for low double-digit to mid-teens core revenue growth with expanding margins over time.
