Summary by Moomoo AI
BILL Holdings reported strong Q1 FY25 results with total revenue increasing 18% YoY to $358.5M. Core revenue, comprising subscription and transaction fees, grew 19% YoY to $314.9M. The company achieved non-GAAP operating income of $67.1M, up 101% YoY, and non-GAAP net income of $68.6M or $0.63 per diluted share.The company processed $80B in total payment volume, up 14% YoY, and served 476,200 businesses. During the quarter, BILL repurchased approximately 3.7M shares for $200M and made key executive appointments, including Mary Kay Bowman as EVP of Payments and Financial Services.For Q2 FY25, BILL expects total revenue of $355.5M-$360.5M (12-13% YoY growth) and core revenue of $316.0M-$321.0M (15-17% YoY growth). The company maintains its full-year FY25 guidance with total revenue of $1.439B-$1.464B and non-GAAP operating income of $182.5M-$207.5M.
