Bill Com Holdings Inc (BILL)
Pretax 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 | ||
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Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 30,407 | 41,073 | 83,548 | 11,200 | -26,319 | -49,049 | -111,824 | -168,510 | -222,918 | -292,109 | -349,112 | -334,746 | -332,625 | -330,446 | -269,575 | -206,012 | -139,337 | -66,688 | -48,278 | -38,344 |
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 |
Pretax margin | 2.08% | 2.89% | 6.02% | 0.83% | -2.04% | -3.95% | -9.38% | -14.87% | -21.06% | -30.34% | -40.73% | -44.42% | -51.97% | -63.78% | -65.61% | -66.79% | -58.48% | -33.00% | -26.30% | -22.74% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $30,407K ÷ $1,462,570K
= 2.08%
The pretax margin of Bill Com Holdings Inc. exhibits a significant trend of improvement over the analyzed period. Starting from a substantial negative margin of -22.74% as of September 30, 2020, the company’s pretax margin deepened to -66.79% by September 30, 2021, indicating increasing pre-tax losses relative to revenue. During this period, the margin consistently remained negative, reflecting ongoing profitability challenges.
From October 2021 onward, the company’s pretax margin demonstrated a gradual recovery. By December 31, 2021, it improved slightly to -65.61%, and continued to trend upward, reaching -51.97% as of June 30, 2022. Notably, the margin narrowed further to -44.42% at the end of September 2022, and then to -40.73% by year-end 2022. This consistent upward movement suggests operational or strategic adjustments that began to positively impact profitability.
The upward trajectory continued into 2023, with margins decreasing in negativity to -30.34% by March 31, 2023, and then to -21.06% at June 30, 2023. The most significant turning point occurred between September 30, 2023, and December 31, 2023, where the pretax margin turned positive, moving from -14.87% to 6.02%. This transition to positive territory indicates improved profitability before further strengthening to over 2.89% by March 31, 2025.
Overall, the pretax margin trajectory reflects a substantial recovery from deep losses, moving towards profitability over the examined period. This positive shift signals enhanced operational efficiency, cost management, or revenue growth strategies that have begun to yield favorable pre-tax profitability outcomes.
Peer comparison
Jun 30, 2025