Bill Holdings, Inc. (BILL) intrinsic value & 10-year financials
Bill Holdings, Inc. (BILL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 9 fiscal years revenue grew 56.1% a year to $1.5B, with an average return on invested capital of -2.2%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $45.60
- Market cap
- $4.7B
- Revenue (FY2025)
- $1.5B
- Revenue growth (9-yr CAGR)
- 56.1%
- ROIC (10-yr avg)
- -2.2%
- Free cash flow (FY2025)
- $346.3M
BILL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.5B | $23.8M | -$0.07 | $346.3M | -5.5% | -1.4% |
| FY2024 | $1.3B | -$28.9M | -$0.27 | $277.8M | -13.5% | -4.1% |
| FY2023 | $1.1B | -$223.7M | -$2.11 | $180.2M | -27.9% | -6.8% |
| FY2022 | $642.0M | -$326.4M | -$3.21 | -$23.5M | -49.4% | -8.5% |
| FY2021 | $238.3M | -$98.7M | -$1.19 | -$14.3M | -47.8% | -2.6% |
| FY2020 | $157.6M | -$31.1M | -$0.70 | -$15.9M | -21.7% | -11.2% |
| FY2019 | $108.4M | -$7.3M | — | -$6.7M | -9.0% | 9.4% |
| FY2018 | $64.9M | -$7.2M | — | -$9.7M | -12.1% | 7.9% |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BILL Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
BILL Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -2.2% ROIC.
BILL Holdings, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BILL Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-2.33 per share.