Bill Holdings, Inc. · NYSE:BILL
Bill — Q2 2026 Earnings Presentation
28 slides from Bill's earnings presentation, Feb 6, 2026
Slide 1: Investor Deck February 2026
BILL NYSE BILL Investor Deck February 2026
Slide 2: Safe harbor
Safe harbor This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements other than statements of historical facts, and statements in the future tense. Forward-looking statements are based on our expectations a
Slide 3: Champions of small and midsize businesses
Who we are: Champions of small and midsize businesses. Our mission: Make it simple to connect and do business. 3
Slide 4: BILL at a glance
BILL at a glance $95B 35M Total Revenue Total payment Transactions $ Millions) volume¹ processed¹ 14% $415 $363 498K 8.3M Businesses using Network members3 our solutions2 Suppliers & Clients) Q2 ‘25 Q2 ‘26 1 For the three months ended December 31, 2025. A breakout of the total payment volume and
Slide 5: All SMBs have a need for back-office efficiency
All SMBs have a need for back-office efficiency Disparate systems Lack of visibility Siloed workflows Antiquated paper-based Lack of visibility into cash flow Inability to scale financial processes. Spending hours and real time financial status, operations without growing manually processing bill ma
Slide 6: We empower SMBs with
We empower SMBs with More time for More time for Less paper. their mission. customers. More control.
Slide 7: The Essential Financial Operations Platform
The Essential Financial Spend Management Operations Platform ● Digital on-ramp to replace legacy paper-based processes Accounts Accounts Payable Receivable ● Automate financial operations ● Make and receive payments ● Manage budgets and cash flow ● Gain insight, visibility, and control Payments 7
Slide 8: Integrated Financial Operations
Integrated Financial Operations Platform Accounts Payable Accounts Receivable Spend & Expense Financial Planning & Analysis Tools 8
Slide 9: We digitally transform back-office operations with intelligent workflow
We digitally transform back-office operations with intelligent workflow SPEND MANAGEMENT Engage Reconcile Invoice Pay ACCOUNTS ACCOUNTS RECEIVABLE PAYABLE Get paid Approve NETWORK Reconcile Receive 9
Slide 10: Our opportunity to create value in the SMB segment is significant
Our opportunity to create value in the SMB segment is significant Number of SMBs and SMB Software B2B Payment Sole Proprietors Spend Volume 1 2 3 34M $75B $36T U.S. Opportunity Global 72M $344B $135T 4 5 6 Opportunity 1 Nonemployer Statistics, 2021 Census; Small Business Administration, 2021 Cen
Slide 11: Our target segments
Our target segments MARKET SEGMENT CURRENT TOOLS Enterprise ERP, Point Solutions Mid-Market Point Solutions, Paper SMB Excel, Paper Micro Businesses Excel, Paper 11
Slide 12: We work closely with SMBs' most trusted financial partners
ACCOUNTING FIRMS 9,500+ on the BILL platform We work closely with SMBsʼ most trusted financial partners. Our partners use our platform to better serve LEADING FINANCIAL their clients. INSTITUTIONS 12
Slide 13: Why we win
Why we win Platform Ecosystem Scale ● Purpose-built financial ● Efficient go-to-market: ● Over 498,000 SMBs1 operations platform self-serve, direct to SMBs; strategic ● 8.3 million network ● Proprietary money members2 partnerships with movement rails & accounting firms, ● $380 billion annualized inf
Slide 14: Expanding network effects
Expanding network effects Data Products & Capabilities Adoption, Engagement, and Stickiness Transactions 8.3M1 Network Members and Growing SMBs Suppliers and Buyers 1 As of June 30, 2025. 14
Slide 15: Multiple drivers for future growth
Multiple drivers for future growth Expanding internationally Developing our platform capabilities Growing the number of network members Increasing adoption by our existing customers Acquiring new customers 15
Slide 16: Financial Overview
ma © Financial Overview
Slide 17: Our financial profile
Our financial profile $1,552M 1 17% Trailing 12 month revenue Core revenue y/y growth2,3 Scale Growth 84% 86% Non-GAAP gross margin2,4 Of core revenue3,5 Attractive Margin Profile From Existing Customers 1 Total revenue for the 12 months ended December 31, 2025. 2 For the fiscal quarter ended Decemb
Slide 18: Our business model
Our business model CORE FLOAT Subscription Transaction Float Revenue Revenue Revenue Per user pricing to use our platform Usage-based transactional Interest we earn from customer fees and interchange funds while payment transactions Fixed monthly or annual rate income are clearing Price plans depend
Slide 19: Strong core revenue growth
Strong core revenue growth1 CORE REVENUE FLOAT REVENUE TOTAL REVENUE 17% 8% 14% $375 $43 $415 $320 $40 $363 Q2 ‘25 Q2 ‘26 Q2 ‘25 Q2 ‘26 Q2 ‘25 Q2 ‘26 1 Dollars in millions for all charts. 19
Slide 20: Growing adoption & usage
Growing adoption & usage Businesses using Transactions Total payment our solutions1 processed2 volume3 (in thousands) (in millions) $ in billions) 4% 16% 13% 498 481 $95 35 $84 30 Q2 ‘25 Q2 ‘26 Q2 ‘25 Q2 ‘26 Q2 ‘25 Q2 ‘26 1 As of December 31, 2025, the total number of BILL AP/AR customers was appro
Slide 21: Appendix
Appendix 21
Slide 22: Metrics Presentation
Metrics Presentation This Appendix provides BILL AP/AR and BILL Spend and Expense metrics, which exclude financial institution metrics. These two solutions comprise our Integrated Platform. Sales of these solutions and our Integrated Platform happen through direct sales and relationships with accoun
Slide 23: Supplemental Information
Supplemental Information * “BILL AP/ARˮ and “BILL Spend & Expenseˮ exclude revenue contributed by customers referred through financial institutions (“FI Channelˮ). “Embedded Solutions & Otherˮ include revenue contributed from the FI Channel, Invoice2go, and other solutions. Note: Totals may not sum
Slide 24: Supplemental Information
Supplemental Information * “BILL AP/ARˮ and “BILL Spend & Expenseˮ exclude revenue contributed by customers referred through our FI Channel. “Embedded Solutions & Otherˮ includes revenue contributed from our FI Channel, Invoice2go, and other solutions. Note: Totals may not sum due to rounding. 24
Slide 25: Supplemental Information
Supplemental Information * “BILL AP/ARˮ and “BILL Spend & Expenseˮ exclude revenue contributed by customers referred through our FI Channel. “Embedded Solutions & Otherˮ includes revenue contributed from our FI Channel, Invoice2go, and other solutions. Note: Totals may not sum due to rounding. 25
Slide 26: GAAP to Non-GAAP Reconciliation: Gross Profit
GAAP to Non-GAAP Reconciliation Gross Profit * Note: Totals may not sum due to rounding. 26
Slide 27: GAAP to Non-GAAP Reconciliation: Operating Expenses
GAAP to Non-GAAP Reconciliation Operating Expenses * Note: Totals may not sum due to rounding. 27
Slide 28: GAAP to Non-GAAP Reconciliation: Operating Income and Net Income
GAAP to Non-GAAP Reconciliation Operating Income and Net Income 1 Non-GAAP provision for income taxes is calculated using a blended tax rate of 20%, taking into consideration the nature of the taxed item and the applicable statutory tax rate in each relevant taxing jurisdiction. * Note: Totals may