BILL - Why Are BILL Holding's Shares Diving Today? | Benzinga
BILL Holdings Inc (NYSE: BILL) shares are trading lower by over 30% after it reported Q1 FY24 earnings and cut FY24 outlook.
Revenue rose 33% Y/Y to $305.0 million, beating the consensus of $298.0 million.
Core revenue increased 24% Y/Y to $265.1 million, with subscription fees growing 7% Y/Y to $62.4 million and transaction fees up 30% Y/Y to $202.7 million.
As of Q1-end, the company served 471,200 businesses using their solutions.
BILL processed $70 billion in total payment volume (+8% Y/Y) and 25 million transactions (+26% Y/Y) in Q1.
Adjusted gross profit rose to $262.7 million from ...