How much cash does Bill com have?
BILL Holdings Cash on Hand 2019-2023 | BILL
Balance Sheet
The company has $3.07 billion in cash and $1.91 billion in debt, giving a net cash position of $1.16 billion or $11.02 per share.
Bill.com (BILL) Q2 FY2024 Highlights:
The company lifted its revenue guidance for the full year from $1.23 billion to $1.24 billion at the midpoint, a 1.1% increase. Free Cash Flow of $74.21 million, up 55.9% from the previous quarter.
Bill.com has market share of 0.60% in billing-invoicing market. Bill.com competes with 317 competitor tools in billing-invoicing category. The top alternatives for Bill.com billing-invoicing tool are QuickBooks with 33.41%, Square Point of Sale with 9.02%, NetSuite with 6.50% market share.
Bill.com transaction revenue consists of transaction fees and interchange income on a fixed or variable rate per transaction. Transactions primarily include card payments, check issuances, ACH origination, cross-border payments, and the creation of invoices.
BILL Holdings cash on hand for the quarter ending December 31, 2023 was $2.552B, a 4.88% decline year-over-year. BILL Holdings cash on hand for 2023 was $2.66B, a 1.66% decline from 2022. BILL Holdings cash on hand for 2022 was $2.705B, a 132.21% increase from 2021.
The ownership structure of Bill.com Holdings (BILL) stock is a mix of institutional, retail and individual investors. Approximately 51.33% of the company's stock is owned by Institutional Investors, 11.96% is owned by Insiders and 36.71% is owned by Public Companies and Individual Investors.
Bill.com: Powering Businesses with User-Friendly Expense Management. I've used quite a few expense software throughout my career and I like Bill.com the best. It's incredibly user friendly and I like how it will auto-categorize expenses. We also use their corporate cards and I've never had an issue using it.
Bill.com is a tool that automates accounts payable and accounts receivable processes. Bill.com seamlessly integrates with Xero accounting software to make bill payments and approvals faster and easier. Bill.com acts as a central hub for all bills and invoices for businesses of all sizes.
If you meet the threshold in a given calendar year, you will receive Form 1099-K. BILL is also required to file Form 1099-K with the IRS so there is no need for you to submit your Form 1099-K with your tax return.
What bank does Bill com use?
Our Partners include some of the leading banks in the United States, including Commerce Bank, First National Bank of Omaha, JP Morgan Chase, KeyBank, PNC, and Wells Fargo.
Bill.com Holdings has a conensus rating of Moderate Buy which is based on 9 buy ratings, 9 hold ratings and 1 sell ratings. The average price target for Bill.com Holdings is $83.94. This is based on 19 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
Shares of payments and billing software maker Bill.com (NYSE:BILL) fell 5.4% in the morning session after Wells Fargo downgraded the stock's rating from Equal Weight (Hold) to Underweight (Sell) and lowered the price target from $70 to $60.
Similarly, revenue guidance for the next quarter also came in below Consensus. Lastly, gross and free cash flow margins were down. Management attributed the weak results to tough economic conditions, citing increased uncertainty as it primarily serves small businesses struggling to adapt to current realities.
Headquartered in San Jose California, today the company has over 2,500 employees, and offices in Draper, Utah, Houston, Texas, and Sydney, Australia.
Key Takeaways. Bill-and-hold basis is a controversial method of revenue that books income recognition at the point of sale while goods are not delivered until a later date. This method is often misused and is therefore highly monitored, as it has the ability to artificially increase current period profit.
Banks tend to keep only enough cash in the vault to meet their anticipated transaction needs. Very small banks may only keep $50,000 or less on hand, while larger banks might keep as much as $200,000 or more available for transactions.
On average, Wall Street analysts predict that Bill Holdings's share price could reach $95.55 by Apr 1, 2025. The average Bill Holdings stock price prediction forecasts a potential upside of 49.01% from the current BILL share price of $64.12.
René Lacerte is a fintech entrepreneur and the founder and CEO of BILL, a leader in financial automation software for small and midsize businesses (SMBs). At BILL, he collaborates with many of the nation's largest banks and accounting firms to redefine how business payments are made.
Is Bill.com a real company?
BILL Holdings, Inc. is a company based in San Jose, California, that provides automated, cloud-based software for financial operations.
René Lacerte
René founded BILL in 2006 after recognizing that business owners needed a way to simplify payments so they could focus on their business. He is a fourth-generation entrepreneur and has over 20 years of experience in the finance, software, and payments industries.
“When our CEO, René Lacerte, founded the company, he wanted the name to reflect our support for both people that bill and those that pay bills. Evolving our name to BILL is simple, and it's also how we are often referred to colloquially. Making this shift now feels right.”
Your vendor will receive payment via ACH ePayment or check. Pay By Card supports Amex, MasterCard, Visa, Discover, and debit cards.
ePayments (ACH) will arrive within 3 banking days of the process date. The process date is the day we debit funds from your bank account to fund a payment. For BILL customers who have made 5 or more payments previously, qualifying payments under $10,000 will arrive the next banking day after the process date.
