Bill.com (BILL) shares slide as take-rate decline overshadows solid FQ2 results

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BILL Reports Second Quarter Fiscal Year 2024 Financial Results

February 8, 2024 4:05 PM EST

Q2 Core Revenue Increased 19% Year-Over-Year Q2 Total Revenue Increased 22% Year-Over-Year

SAN JOSE, Calif.--(BUSINESS WIRE)-- BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), today announced financial results for the second fiscal quarter ended December 31, 2023.

We delivered strong growth during the quarter as we automated financial operations for more than 470,000 businesses, said René Lacerte, BILL CEO and Founder. We continue to drive innovation and sharpen our focus on the most impactful initiatives to create value for our customers, partners, and shareholders.... More