BILL Holdings announced robust financial results for fiscal 2024, with total revenue increasing 22% year-over-year to $1.29 billion. Subscription and transaction fees grew 19% to $1.12 billion, while interest on funds held for customers surged 47% to $167.4 million. The company's gross margin improved slightly to 81.8%.Net loss narrowed significantly to $28.9 million from $223.7 million in the previous year, reflecting improved operational efficiency. BILL's free cash flow more than doubled to $257.9 million. The company ended the fiscal year with a strong liquidity position of $985.9 million in cash and cash equivalents.BILL continued to expand its customer base and transaction volume, processing $292.4 billion in total payment volume, up 10% year-over-year. The company also repurchased $982.7 million of its 2025 convertible notes and completed a $300 million share repurchase program. Looking ahead, BILL remains focused on driving growth and profitability while investing in product innovation and customer acquisition.

BILL Holdings announced robust financial results for fiscal 2024, with total revenue increasing 22% year-over-year to $1.29 billion. Subscription and transaction fees grew 19% to $1.12 billion, while interest on funds held for customers surged 47% to $167.4 million. The company's gross margin improved slightly to 81.8%.Net loss narrowed significantly to $28.9 million from $223.7 million in the previous year, reflecting improved operational efficiency. BILL's free cash flow more than doubled to $257.9 million. The company ended the fiscal year with a strong liquidity position of $985.9 million in cash and cash equivalents.BILL continued to expand its customer base and transaction volume, processing $292.4 billion in total payment volume, up 10% year-over-year. The company also repurchased $982.7 million of its 2025 convertible notes and completed a $300 million share repurchase program. Looking ahead, BILL remains focused on driving growth and profitability while investing in product innovation and customer acquisition.