Summary by Futu AI
BILL reported strong financial results for Q4 and FY2024, with total revenue reaching $1.3B, up 22% YoY. Q4 total revenue increased 16% YoY to $343.7M, while core revenue grew 16% to $301.3M. The company served 474,600 businesses and processed $76B in total payment volume in Q4.For FY2024, BILL achieved non-GAAP operating income of $196.2M, up 68% YoY, and non-GAAP net income of $244.0M. The company announced a new $300M share repurchase program, reflecting confidence in its strategy and future growth prospects.Looking ahead, BILL provided guidance for Q1 FY2025, projecting total revenue of $346-351M and core revenue of $305-310M. For full FY2025, the company expects total revenue of $1.415-1.450B and core revenue of $1.270-1.305B, with non-GAAP operating income of $160-195M.