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$1.7B · 100%Cost of revenue$315M · 19%Gross profit$1.3B · 81%Operating income−$73.4M · −4%Income before tax−$10.1M · −1%Income tax$1.1M · 0%Net income−$11.2M · −1%As of 2026-06-30 · 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
$1.7B100%
Cost of revenue$315M19%
$1.3B81%
−$73.4M−4%
Income before tax−$10.1M−1%
Income tax$1.1M0%
−$11.2M−1%
Source: · event Jun 30, 2026 · retrieved Oct 16, 2026 · annual-row source set
Embed this chart

View the full BILL Holdings, Inc. analysis at Buy Like Buffett