BILL Achieves Strong Financial Results in Q2, Empowers Small and Midsized Businesses with Innovative Platform
In its latest conference call transcript, BILL reported a strong second quarter fiscal 2025 performance, demonstrating the company's commitment to balancing growth and profitability while generating significant cash flow.
During the quarter, BILL's leading AI-enabled platform drove 16% year-over-year core revenue growth, with non-GAAP operating margin expanding by 3 percentage points to reach 17%. The company also achieved a free cash flow margin of 20%, showcasing its focus on efficiency and financial discipline.
The BILL platform was utilized by over 480,000 businesses during the quarter, with customers transacting nearly $85 billion in payment volume across 30 million transactions. This highlights the vast potential of BILL's technology to automate financial operations for small and midsized businesses (SMBs).
BILL is uniquely positioned to address this market opportunity, given its leadership position in the SMB landscape. The company's platform empowers businesses to streamline their financial processes, freeing up resources for growth and innovation.
A prime example of BILL's success can be seen in Ignite Medical Resorts, a customer that has grown from operating 2 facilities to over 23 across the U.S. since partnering with BILL in 2020. According to Shona Hanson, Executive Director for Ignite Medical Resorts, BILL "has been a life changer" by supporting their rapid growth and providing efficient financial operations.
BILL's innovative platform has transformed Ignite Medical Resorts' financial back office, replacing manual processes with digitized and automated workflows, document management tools, and collaboration features. The company now runs 95% of its expenses through the BILL platform, a testament to the effectiveness of its technology in streamlining financial operations.
As Rene Lacerte, CEO and Founder of BILL, stated during the conference call, "We are winning in the SMB market" and addressing a vast market opportunity to automate financial operations for millions of small and midsized businesses. With its robust performance and commitment to innovation, BILL is well-positioned for long-term durable growth.
