BILL Q3 Earnings Call Highlights

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BILL (NYSE:BILL) reported fiscal third-quarter 2026 results that executives said showed continued gross growth, expanding margins and the company’s archetypal 4th of GAAP profitability, portion besides announcing a large workforce simplification and a larger stock repurchase authorization.

Chairman, CEO and Founder René Lacerte said halfway gross grew 16% twelvemonth implicit twelvemonth and non-GAAP operating borderline approached 20%. CFO Rohini Jain aboriginal said halfway gross totaled $371 cardinal successful the quarter, portion non-GAAP operating borderline was 20%, up 176 ground points sequentially and 475 ground points from a twelvemonth earlier. Non-GAAP nett income was $77 million, up 5% sequentially and 32% twelvemonth implicit year.

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“Our beardown Q3 results widen the durable trajectory we’ve been gathering each year,” Jain said. She said the 4th reflected “operating subject and rigorous execution” and noted that the institution besides achieved GAAP profitability.

AI Becomes BILL’s Top Strategic Priority

Lacerte said the institution is accelerating what helium described arsenic an AI translation crossed its business, calling AI nary longer “one precedence among three” but BILL’s “number 1 priority.” He said the institution has built AI infrastructure utilizing its information assets and has launched a suite of agents utilized by “well implicit 100,000 customers.”

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According to Lacerte, BILL’s AI agents person automated astir 1.2 cardinal invoices crossed much than 9 cardinal information fields. He besides said the company’s Pay For You agent, launched successful beta aboriginal successful the 3rd quarter, has completed tens of thousands of paper transactions without quality interaction. Internally, helium said BILL launched a prime assurance cause that scores 100% of lawsuit interactions, compared with a anterior manual reappraisal process covering a 1% to 2% sample.