BILL Reports Second Quarter Fiscal Year 2024 Financial Results
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Bill.com (BILL) shares slide as take-rate decline overshadows solid FQ2 results
February 8, 2024 4:42 PM ESTBill.coms (NYSE: BILL) shares fell 5% in premarket trading Friday as investors reacted to a worse-than-feared take-rate decline, eclipsing strong FQ2 results.
For the second quarter, the cloud software provider delivered an EPS of $0.63, exceeding the consensus estimate of $0.40. The company's revenue for the quarter stood at $318.5 million, notably above the expected $298.82 million.
Total payment volume for the quarter reached $75 billion, marking an 18% year-over-year increase and beating the estimate of $64.17 billion.
Gross profit... More
