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
Technology · Software - Application
Hold if already holding. Not a fresh buy at $50.70, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.8).
BILL Holdings operates a financial operations platform for small and midsize businesses (SMBs), automating accounts payable, accounts receivable, and spend and expense management (including its BILL Divvy Card) through an AI-enabled, integrated software platform. As of June 30,... Read more
Hold if already holding. Not a fresh buy at $50.70, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.8). Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 5.8/10, moderate confidence.
Passes 5/8 gates (positive momentum, clean insider activity, earnings proximity 62d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and 8k serious 2.05. Suitability: aggressive.
About BILL Holdings, Inc.
About BILL Holdings, Inc.
BILL Holdings' platform processed approximately $330 billion in Total Payment Volume for roughly 493,800 businesses in fiscal 2025, connecting an 8.3 million-member payment network. The company earns revenue from subscription fees, transaction fees, and interest on customer funds, with a significant portion coming from small and midsize businesses that the 10-K flags as more vulnerable to economic downturns than larger enterprises. BILL returned to GAAP profitability in fiscal 2025, posting net income of $23.8 million after a $223.7 million loss in fiscal 2023.
BILL distributes its accounts payable, accounts receivable, and spend and expense management software both directly and through accounting firm partners, financial institution white-label integrations, and two-way sync integrations with accounting platforms including QuickBooks, Oracle NetSuite, Sage Intacct, Xero, and Microsoft Dynamics 365 Business Central. Its BILL Divvy Card charge-card product is issued through partner Issuing Banks; BILL purchases participation interests in the resulting receivables and bears the credit risk if a spending business fails to pay its card balance, funding that exposure in part through warehouse facilities rather than filing UCC liens or taking other security interests on cardholder balances. The company also offers invoice financing through a third-party bank relationship. Fraud and credit loss rates were low in fiscal 2025 — approximately 0.01% of Total Payment Volume for its core AP/AR payment services and approximately 0.23% of BILL Divvy Card spend — reflecting its proprietary, AI-enabled risk engine.
Show full overview
BILL's BILL Divvy Card product concentrates credit risk directly on the company: for the substantial majority of extensions of credit, BILL purchases participation interests in the receivables Issuing Banks generate when spending businesses use the card, and BILL — not the Issuing Bank — bears the entire credit risk if a spending business defaults, without filing UCC liens or other security interests that would aid collection in bankruptcy. That exposure sits alongside a business already sensitive to SMB financial stress; in May 2026, the company announced a workforce reduction of up to 30% and $30-60 million in restructuring charges aimed at improving profitability, a sign that the profitability BILL achieved in fiscal 2025 required active cost-cutting rather than organic operating leverage alone.
See also: Technology · Software - Application
From BILL Holdings, Inc.'s most recent 10-K filing, extracted August 23, 2026.
Recent developments
updated 2026-09-04Recent 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 2026-09-04T13:22:02Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Material Events(8-K, last 90d)
- 2026-05-26Item 5.02MEDIUMBILL announced executive changes: President and COO John Rettig transitions to Chief Strategy and Transformation Officer; CTO Ken Moss and EVP/GM of Payments and Financial Services Mary Kay Bowman will depart effective June 30, 2026, both continuing in an advisory capacity through June 30, 2027.SEC filing →
- 2026-05-07Item 2.05MEDIUMBILL announced a workforce reduction of up to 30% as part of an efficiency-focused restructuring, with estimated charges of $30-60 million, mostly severance and stock-based compensation costs, expected primarily in Q4 fiscal 2026.SEC filing →
- 2026-03-16Item 5.02LOWBILL's Board appointed CFO Rohini Jain to also serve as principal accounting officer for SEC reporting purposes, with no additional compensation.SEC filing →
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Rating Breakdown
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Price Targets
Position Sizing
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Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $50.70, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.8). Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Target $51.57 (+1.7%), stop $47.30 (−7.2%), A.R:R 0.1:1. Score 5.8/10, moderate confidence.
Take-profit target: $51.57 (+1.4% upside). Target $51.57 (+1.7%), stop $47.30 (−7.2%), A.R:R 0.1:1. Stop-loss: $47.30.
Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.8); Sector modifier (Technology): -0.8.
BILL Holdings, Inc. trades at a P/E of N/A (forward 11.7). TrendMatrix value score: 6.5/10. Verdict: Hold.
29 analysts cover BILL with a consensus score of 3.9/5. Average price target: $57.
What does BILL Holdings, Inc. do?BILL Holdings operates a financial operations platform for small and midsize businesses (SMBs), automating accounts...
BILL Holdings operates a financial operations platform for small and midsize businesses (SMBs), automating accounts payable, accounts receivable, and spend and expense management (including its BILL Divvy Card) through an AI-enabled, integrated software platform. As of June 30, 2025, approximately 493,800 businesses used BILL's solutions, processing approximately $330 billion in Total Payment Volume during fiscal 2025 across a network of approximately 8.3 million members, and the company generated net income of $23.8 million for fiscal 2025 after years of operating losses.