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
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.