BILL BILL Holdings margins

Relative Growth: Rel. Growth: 28

Relative Strength: Rel. Strength: 78

Relative Valuation: Rel. Valuation: 16

Relative Profitability: Rel. Profitability: 35

Gross margin

80.9%

Operating margin

-4.4%

EBITDA margin

6.9%

Net margin

-0.7%

BILL Holdings reports a gross margin of 80.9%, an operating margin of -4.4%, an EBITDA margin of 6.9%, and a net margin of -0.7%, but its operating margin is negative at -4.4%, and its net margin is negative at -0.7%. Among the available margins, operating margin improved the most and net margin declined the most, by 1.1 and 2.3 percentage points respectively.

BILL margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, BILL Holdings's margins averaged 81.43% gross, -8.55% operating, 7.37% EBITDA, and -0.62% net. For BILL Holdings, operating margin is above its three-year average, while gross, EBITDA, and net margins are below their three-year averages.

BILL margin expansion

Year-over-year margin changes in percentage points

Compared with the same period last year, operating margin expanded by 1.1 percentage points, while gross margin contracted by 0.5 percentage points, EBITDA margin by 1.9 percentage points, and net margin by 2.3 percentage points.

Gross margin expansion

-0.5pp

Operating margin expansion

1.1pp

EBITDA margin expansion

-1.9pp

Net margin expansion

-2.3pp

BILL Gross margin

Reviewing the last 3 years, BILL Holdings recorded an average gross margin of 81.43%. BILL Holdings's current gross margin is 80.9% and is 0.5 percentage points below its three-year average. The highest gross margin for BILL Holdings was 82.1% in Mar 2024, while the lowest was 80.6% in Dec 2025.

BILL Operating margin

Looking back over the last 3 years, BILL Holdings recorded an average operating margin of -8.55%. BILL Holdings's current operating margin is -4.4% and is 4.2 percentage points above its three-year average. The highest operating margin for BILL Holdings was -3.8% in Mar 2026, while the lowest was -18.5% in Dec 2023.

BILL EBITDA margin

BILL Holdings recorded an average EBITDA margin of 7.37% across the last 3 years. BILL Holdings currently reports an EBITDA margin of 6.9%, 0.5 percentage points below its three-year average. Over the last 3 years, BILL Holdings's EBITDA margin peaked at 13.7% in Dec 2024 and reached a low of -0.2% in Dec 2023.

BILL Net margin

Across the last 3 years, BILL Holdings's net margin came to -0.62%. BILL Holdings currently reports a net margin of -0.7%, 0.1 percentage points below its three-year average. Net margin was highest at 5.9% in Dec 2024 and lowest at -9.7% in Dec 2023.

BILL margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 80.9%, BILL stands above the Technology sector and the industry average. Compared to its Technology sector average of 52.2%, BILL Holdings's gross margin is 55% higher.

BILL margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is BILL Holdings's gross margin?

For the period ending Jun 30, 2026, BILL recorded a gross margin of 80.9%.

What is BILL Holdings's operating margin?

For the period ending Jun 30, 2026, BILL recorded an operating margin of -4.4%.

What is BILL Holdings's EBITDA margin?

As of Jun 30, 2026, BILL has an EBITDA margin of 6.9%.

What is BILL Holdings's net margin?

For the period ending Jun 30, 2026, BILL recorded a net margin of -0.7%.

What are the average margins of BILL?

The three-year average margins for BILL were 81.4% gross, -8.6% operating, 7.4% EBITDA, and -0.6% net.

What are the highest historical margins of BILL?

In the last 5 years, the highest margins reported by BILL were 82.1% gross in Mar 2024, -3.8% operating in Mar 2026, 13.7% EBITDA in Dec 2024, and 5.9% net in Dec 2024.

What are the lowest historical margins of BILL?

Within the 5-year period, BILL recorded its lowest margins at 75.8% gross in Dec 2021, -58.5% operating in Mar 2022, -51.1% EBITDA in Dec 2021, and -54.5% net in Mar 2022.