Bill Com Holdings Inc (BILL)

Gross profit margin

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Gross profit (ttm)	US$ in thousands	1,190,466	1,144,464	1,106,620	1,070,792	1,025,997	1,005,669	976,213	928,634	864,492	777,841	683,705	593,258	495,009	396,209	310,944	228,924	176,459	150,489	137,305	126,526
Revenue (ttm)	US$ in thousands	1,462,570	1,422,886	1,387,697	1,343,638	1,290,173	1,242,491	1,192,018	1,133,529	1,058,468	962,706	857,062	753,534	640,013	518,065	410,892	308,459	238,265	202,102	183,594	168,629
Gross profit margin		81.40%	80.43%	79.75%	79.69%	79.52%	80.94%	81.90%	81.92%	81.67%	80.80%	79.77%	78.73%	77.34%	76.48%	75.68%	74.22%	74.06%	74.46%	74.79%	75.03%

June 30, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,190,466K ÷ $1,462,570K
= 81.40%

The gross profit margin of Bill Com Holdings Inc exhibits a generally positive trend over the analyzed period from September 30, 2020, through June 30, 2025. Initially, at 75.03% in September 2020, the margin experienced a slight decline through December 31, 2021, reaching a low of approximately 74.06%. Subsequently, the gross profit margin demonstrated a consistent upward trajectory, reaching a peak of approximately 81.67% as of June 30, 2024.

Throughout this period, the margin fluctuated minimally, maintaining a high level above 75%. Notably, from March 31, 2022, onward, there was a steady incremental increase, indicating an improved ability of the company to generate gross profit relative to its revenues. The most recent data points, as of June 30, 2025, show a gross profit margin of approximately 81.40%, still near the historical high levels observed in mid-2024.

This trend suggests that the company has been effective in controlling direct costs associated with its products or services, thereby enhancing profitability margins over time. The sustained high gross profit margin indicates strong pricing power or favorable cost management, or a combination of both. The slight fluctuations toward the end of the observed period could be attributable to normal variations in the cost of goods sold or revenue recognition factors. Overall, the data points to a period of profitable growth with a resilient gross profit margin profile.