Q2 2025 BILL Holdings Inc Earnings Call Transcript
Key Points
- BILL Holdings Inc (BILL) reported a strong financial performance with a 16% year-over-year revenue growth in Q2.
- The company achieved a non-GAAP operating margin of 17%, expanding by 3 percentage points year over year.
- BILL's platform is used by over 480,000 businesses, processing nearly 85 billion in payments volume across 30 million transactions.
- The company is leveraging AI to enhance its platform, eliminating data entry and accelerating payments.
- BILL is expanding its product portfolio, particularly in card offerings, with card adoption among AR customers more than tripling over the past two years.
- BILL faced challenges with FX volatility, which negatively impacted monetization in Q2.
- The company noted a mixed shift towards lower gross interchange merchant categories, affecting card payment volume growth.
- There is increased uncertainty related to potential fiscal and trade policy changes, impacting SMB sentiment and spend.
- BILL's core revenue growth guidance for Q3 is slightly lower than Q2, reflecting a 13% to 15% year-over-year growth.
- The company is experiencing seasonality in TPV trends, with a typically lower spend expected in the March quarter.
Good afternoon and welcome to BILL's second-quarter fiscal 2025 earnings conference call. Joining us for today's call are BILL's CEO and Founder, René Lacerte; President and CFO, John Rettig; and Vice President of Investor Relations, Karen Sansot.
With that, I would like to turn the call over to Karen Sansot for introductory remarks.
Thank you, operator. Welcome to BILL's fiscal second-quarter 2025 earnings conference call. We issued our earnings press release a short time ago and furnished the related Form 8-K to the SEC. The press release can be found on the Investor Relations section of our website at investor.bill.com.
With me on the call today are René Lacerte, Chairman, CEO, and Founder of BILL; and John Rettig, President and CFO. Before we begin, please remember that during the course of this call, we may make forward-looking statements about the future operations, targets, and results of BILL that involve many assumptions, risks, and uncertainties. If any of
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