A forward P/E of 10.0 times, PEG of 0.33, and average earnings surprise of 67% above consensus describe a deeply discounted, operationally capable business — but a confirmed death-cross technical breakdown, a serious recent corporate filing, and 15% short interest collectively block the path to an actionable entry until the technical and corporate overhangs resolve.
Thesis pillars
- Extraordinary Free Cash Flow→Stable
- Deep Valuation Discount→Stable
- Exceptional Earnings Execution→Stable
- +1 more pillar — see the Why tab for full reasoning
BILL Holdings, Inc. (BILL) Stock Analysis
Range Bound setup · Catalyst-Driven edge
Technology · Software - Application
Sell if holding. Momentum 3.9/10 is below the 5.0 floor at $44.18 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.8); Sector modifier (Technology): -0.8.
BILL Holdings provides cloud-based software that automates accounts payable, receivable and spend management for small and midsize businesses, including the BILL AP/AR network, Divvy cards and Spend & Expense. It earns subscription and transaction fees, with a significant... Read more
Sell if holding. Momentum 3.9/10 is below the 5.0 floor at $44.18 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.8); Sector modifier (Technology): -0.8. Chart setup: RSI 46 mid-range, Bollinger mid-band. Score 5.7/10, moderate confidence.
Passes 5/8 gates (favorable risk/reward ratio, news events none recent, earnings proximity 21d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and 8k serious 2.05. Suitability: aggressive.
About BILL Holdings, Inc.
About BILL Holdings, Inc.
BILL Holdings processed approximately $330 billion in Total Payment Volume across roughly 493,800 businesses and 8.3 million network members during fiscal 2025, generating $23.8 million of net income - its first full year of GAAP profitability after net losses of $28.9 million and $223.7 million in fiscal 2024 and 2023, respectively. Network members grew approximately 18% year over year as of June 30, 2025.
BILL earns subscription fees, transaction fees (including ad valorem fees tied to payment amount), and interest on customer funds held for payment processing, serving SMBs through accounts payable and receivable automation plus the BILL Spend and Expense product, which issues BILL Divvy corporate cards through partner Issuing Banks. For accounts payable, businesses capture and route bills for approval and pay suppliers via ACH, virtual card, real-time payments, checks, or cross-border transfer to more than 130 countries; for accounts receivable, businesses invoice clients and collect via a branded payment portal. Distribution runs through direct sales plus indirect channels - accounting firms offering client advisory services, financial institution white-label partnerships, and software integrations with QuickBooks, NetSuite, Sage Intacct, and Xero. For a substantial majority of BILL Divvy Card credit extensions, BILL purchases participation interests in the resulting receivables from its Issuing Banks and bears the credit risk if a spending business defaults, funding that exposure partly through warehouse credit facilities.
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Two 2026 disclosures point to a company recalibrating cost structure and leadership simultaneously: on May 7, 2026, BILL announced a workforce reduction of up to 30% with an estimated $30 million to $60 million in restructuring charges, framed as an effort to improve organizational agility and profitability, and on May 26, 2026, the company disclosed that its Chief Technology Officer and its EVP/GM of Payments and Financial Services would depart effective June 30, 2026 while President and COO John Rettig moved into a newly created Chief Strategy and Transformation Officer role. Coming within three weeks of each other, the scale of the workforce cut and the concurrent departure of two product-and-technology executives together suggest a strategic reset extending beyond routine cost management.
See also: Technology · Software - Application
From BILL Holdings, Inc.'s most recent 10-K filing, extracted October 11, 2026.
Recent developments
updated 2026-10-15Recent Developments — BILL Holdings, Inc.
Latest news
- NEWS This Bill Gates Stock Just Hit a New 52-Week High and 1 Signal Says There’s More Room to Run - Yahoo Finance — Yahoo Finance positive
- NEWS Congress’s stock trading bill doesn’t solve the real problem - The Hill — The Hill negative
- NEWS Congress’s stock trading bill doesn’t solve the real problem - thehill.com — thehill.com negative
- NEWS Wolfe Research Maintains BILL Holdings(BILL.US) With Buy Rating, Raises Target Price to $60 - Moomoo — Moomoo positive
- NEWS Wolfe Research Maintains BILL Holdings(BILL.US) With Buy Rating, Raises Target Price to $60 - moomoo.com — moomoo.com positive
Generated 2026-10-15T11:37:20Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomersmall and medium-sized businesses10-K Item 1A: 'A significant portion of our revenue comes from small and medium-sized businesses'
Material Events(8-K, last 90d)
- 2026-05-26Item 5.02MEDIUMPresident and COO John Rettig moved to Chief Strategy and Transformation Officer effective immediately; CTO Ken Moss and payments GM Mary Kay Bowman also in leadership changes. Fiscal 2026 guidance reaffirmed.SEC filing →
- 2026-05-07Item 2.05MEDIUMAnnounced workforce reduction of up to 30%, with estimated charges of about $30 million to $60 million, mostly in fiscal Q4 2026, for severance, benefits and stock-based compensation.SEC filing →
- 2026-03-16Item 5.02LOWOn March 11, 2026 the Board appointed CFO Rohini Jain additionally as principal accounting officer; no additional compensation.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Momentum 3.9/10 is below the 5.0 floor at $44.18 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.8); Sector modifier (Technology): -0.8. Chart setup: RSI 46 mid-range, Bollinger mid-band. Prior stop was $41.14. Score 5.7/10, moderate confidence.
Take-profit target: $51.30 (+16.1% upside). Prior stop was $41.14. Stop-loss: $41.14.
V7 low-quality RISK_OFF penalty: -0.5 (Q=4.8); Sector modifier (Technology): -0.8; Negative momentum.
BILL Holdings, Inc. trades at a P/E of N/A (forward 10.2). TrendMatrix value score: 7.1/10. Verdict: Sell.
29 analysts cover BILL with a consensus score of 3.9/5. Average price target: $57.
What does BILL Holdings, Inc. do?BILL Holdings provides cloud-based software that automates accounts payable, receivable and spend management for small...
BILL Holdings provides cloud-based software that automates accounts payable, receivable and spend management for small and midsize businesses, including the BILL AP/AR network, Divvy cards and Spend & Expense. It earns subscription and transaction fees, with a significant portion of revenue coming from small and medium-sized businesses.