Abdullah Durmaz
BILL Holdings (NYSE:BILL) delivered fiscal Q4 earnings that topped the Wall Street consensus, issued soft earnings guidance, and announced a new share repurchase program.
The company expects to buy back up to $300M of its stock, and finance the program with existing cash.
“Our new $300 million share repurchase program is enabled by our strong cash flow generation and reflects our confidence in our strategy and in BILL as an investment opportunity with significant upside,” said founder and CEO René Lacerte.
BILL Holdings (BILL) stock gained 3.0% in Thursday after-hours trading.
For FY2025, the company expects non-GAAP EPS of $1.36-$1.61 (midpoint $1.49), lower than the $2.22 consensus, and revenue of $1.42B-$1.45B (midpoint $1.43B) vs. $1.44B consensus.
For Q1 2025, it expects non-GAAP EPS of $0.48-$0.51 (midpoint of $0.50), vs. average analyst estimate of $0.51 and revenue of $346M-$351M (midpoint $349M), higher than the $337.0M consensus.
Non-GAAP EPS for the quarter ended June 30, 2024 of $0.57, topping the $0.47 consensus, rose from $0.48 in the year-ago quarter.
Fiscal Q4 revenue of $343.7M, beating the $328.0M consensus, grew 16% Y/Y.
Core revenue, which consists of subscription and transaction fees, jumped 19% Y/Y to $1.12B, with subscription fees rising 2% to $257.1M and transaction fees up 25% to $865.6M.
