Flagship explainer

How BILL HOLDINGS, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$1.5B · 100%Cost of revenue$272M · 19%Gross profit$1.2B · 81%Operating income−$80.6M · −6%Income before tax$30.4M · 2%Income tax$6.6M · 0%Net income$23.8M · 2%As of 2025-06-30 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$1.5B100%
Cost of revenue$272M19%
$1.2B81%
−$80.6M−6%
Income before tax$30.4M2%
Income tax$6.6M0%
$23.8M2%
Source: · event Jun 30, 2025 · retrieved Jul 26, 2026 · annual-row source set
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