Bill Com Holdings Inc (BILL)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 83,506 | 11,158 | -26,361 | -49,048 | -111,823 | -168,509 | -222,917 | -292,109 | -349,112 | -334,746 | -330,679 | -328,500 | -267,629 | -204,066 | -139,337 | -66,688 | -48,278 | -38,344 |
| Revenue (ttm) | US$ in thousands | 1,439,779 | 1,355,107 | 1,301,692 | 1,223,809 | 1,174,032 | 1,116,878 | 1,043,850 | 950,074 | 846,224 | 743,769 | 631,307 | 499,570 | 382,756 | 278,740 | 210,162 | 186,256 | 179,613 | 168,555 |
| Pretax margin | 5.80% | 0.82% | -2.03% | -4.01% | -9.52% | -15.09% | -21.36% | -30.75% | -41.26% | -45.01% | -52.38% | -65.76% | -69.92% | -73.21% | -66.30% | -35.80% | -26.88% | -22.75% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $83,506K ÷ $1,439,779K
= 5.80%
The pretax margin of Bill Com Holdings Inc has shown a consistent improvement over the last few quarters. From a negative pretax margin of -22.75% as of September 30, 2020, the company's profitability before taxes deteriorated further to -73.21% by September 30, 2021. However, starting from the fourth quarter of 2021, the pretax margin began to demonstrate a positive trend, with consecutive quarterly improvements noted.
By December 31, 2023, the pretax margin reached -9.52%, indicating progress in the company's ability to generate profits before accounting for income taxes. Subsequently, the trend continued to strengthen, with the pretax margin turning positive at 0.82% by September 30, 2024, and further improving to 5.80% by December 31, 2024.
This upward trajectory in the pretax margin reflects efforts by Bill Com Holdings Inc to enhance operational efficiency and increase profitability. It suggests that the company's financial performance is improving, potentially driven by factors such as cost control measures, revenue growth, and strategic initiatives aimed at enhancing profitability.
Peer comparison
Dec 31, 2024