2023-05-04 16:37:31 ET
- Bill.com press release ( NYSE: BILL ): Q3 Non-GAAP EPS of $0.50 beats by $0.26 .
- Revenue of $272.56M (+63.3% Y/Y) beats by $25.35M .
- Served 455,300 businesses using our solutions as of the end of the third quarter. This includes 197,900 BILL standalone customers, 27,100 spending businesses that used Divvy, and 230,300 subscribers that used Invoice2go.
- Processed $64.7 billion in total payment volume in the third quarter, an increase of 13% year-over-year. This includes $61.0 billion of total payment volume on our BILL standalone platform, an increase of 11% year-over-year, and $3.4 billion in total card payment volume for Divvy, an increase of 63% year-over-year.
- Processed 21.4 million transactions during the third quarter, an increase of 36% year-over-year. This includes 10.9 million transactions on our BILL standalone platform, representing an increase of 15% year-over-year, and 10.2 million Divvy card transactions, an increase of 73% year-over-year.
- Repurchased approximately 359,000 shares of its stock for a total cost of approximately $27 million.
- Q4 FY23 Outlook: Total revenue $277 - $280M, Non-GAAP EPS $0.39 - $0.41.
- Shares +13.25% .
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Bill.com Non-GAAP EPS of $0.50 beats by $0.26, revenue of $272.56M beats by $25.35M