Bill Com Holdings Inc (BILL)

Pretax margin

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Earnings before tax but after interest (EBT)	US$ in thousands	30,410	-26,319	-222,917	-330,679	-139,337
Revenue	US$ in thousands	1,462,570	1,290,170	1,058,470	641,959	238,265
Pretax margin		2.08%	-2.04%	-21.06%	-51.51%	-58.48%

June 30, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $30,410K ÷ $1,462,570K
= 2.08%

The pretax margin of Bill Com Holdings Inc. exhibits a significant trend over the specified period from June 30, 2021, to June 30, 2025. Initially, on June 30, 2021, the company recorded a notably negative pretax margin of -58.48%, indicating substantial pre-tax losses relative to its revenues. Over the subsequent years, this margin shows a consistent improvement, signaling a progressive reduction in pre-tax losses.

By June 30, 2022, the pretax margin improved to -51.51%, representing a narrowing of losses but still remaining deeply negative. This trend continues into June 30, 2023, with a margin of -21.06%, reflecting a substantial reduction in pre-tax losses compared to the previous years. The improvement persists into June 30, 2024, where the margin approaches near breakeven at -2.04%, indicating the company is approaching profitability at the pre-tax level.

Most notably, by June 30, 2025, the pretax margin turns positive at 2.08%, signifying that Bill Com Holdings Inc. has achieved a pre-tax profit. This transition from negative to positive margins over the four-year period demonstrates a significant turnaround in the company’s profitability trajectory, suggesting successful operational improvements or revenue growth that have effectively reduced losses and led to pre-tax earnings.