Bill Com Holdings Inc (BILL)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | -3.89% | -5.66% | -5.71% | -9.32% | -13.50% | -15.56% | -18.45% | -23.35% | -27.94% | -35.08% | -42.79% | -43.83% | -49.81% | -59.09% | -57.98% | -57.17% | -47.83% | -26.48% | -26.11% | -24.73% |
| 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% |
| Net profit margin | 1.63% | 2.70% | 5.90% | 0.59% | -2.24% | -4.21% | -9.67% | -14.99% | -21.14% | -30.41% | -40.65% | -44.29% | -51.22% | -54.96% | -54.69% | -52.34% | -41.43% | -32.83% | -26.12% | -22.74% |
The profitability ratios of Bill Com Holdings Inc demonstrate notable trends over the analyzed period, spanning from September 2020 through June 2025.
Gross Profit Margin:
The company exhibits a consistent upward trajectory in gross profit margin, increasing from 75.03% as of September 2020 to approximately 81.40% by June 2025. This indicates an improvement in the company's ability to maintain or enhance gross profitability, possibly through better cost management or product mix improvements. The margins have steadily risen, especially post-December 2021, reflecting increased efficiency or favorable sales mix dynamics. Even during periods of relative volatility, the gross profit margin has remained well above mid-70%, underscoring robust underlying profitability at the gross level.
Operating Profit Margin:
In stark contrast to gross margins, the operating profit margin remains consistently negative throughout the period, indicating operating losses. These margins have improved modestly from approximately -24.73% in September 2020 to around -3.89% as of June 2025. The gradual narrowing of operating losses suggests ongoing efforts to control operating expenses, resulting in a lessening impact on overall profitability. Despite the improvements, the margins still reflect that the company's core operations are not yet profitable, although the trend indicates continual progress toward operational breakeven.
Pretax Margin:
Pre-tax margins follow a similar trend, improving from significantly negative figures (e.g., -22.74% in September 2020) to positive territory by June 2025, reaching approximately 2.08%. The progression from substantial losses to near breakeven margins illustrates a significant turnaround in profitability before tax considerations, aligning with operational improvements.
Net Profit Margin:
The net profit margin mirrors the pretax margin's trajectory and reflects the bottom-line results. Initially, the net margin was notably negative at -22.74% in September 2020. Over time, this figure has steadily improved, reaching positive territory at 1.63% by June 2025. This transition from losses to modest profits suggests effective management, improved operational efficiencies, and possibly better sales performance or cost control strategies. Nonetheless, the margins remain relatively low, indicating limited profitability and potential vulnerability to external factors.
Summary:
Overall, Bill Com Holdings Inc has experienced significant improvement in its profitability ratios over the analyzed period. The gross profit margin has shown consistent growth, signaling improved product margins or cost efficiencies at the gross level. Operating margin improvements, while still negative, indicate ongoing efforts to reduce operational losses. The move into positive pretax and net margins by mid-2025 reflects a positive trend toward profitability, although the margins are currently modest. These developments suggest a company in transition, making strides toward operational and net profitability, with prospects for further enhancement pending continuation of the current trajectory.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | -0.57% | -0.84% | -0.82% | -1.38% | -1.87% | -2.12% | -2.23% | -2.75% | -3.07% | -3.60% | -3.77% | -3.57% | -3.44% | -3.33% | -2.50% | -2.06% | -1.91% | -1.41% | -1.17% | -1.68% |
| Return on assets (ROA) | 0.24% | 0.40% | 0.85% | 0.09% | -0.31% | -0.57% | -1.17% | -1.77% | -2.32% | -3.12% | -3.58% | -3.61% | -3.54% | -3.10% | -2.36% | -1.89% | -1.65% | -1.75% | -1.17% | -1.55% |
| Return on total capital | 1.14% | 1.56% | 2.69% | 0.76% | -0.17% | -0.74% | -2.37% | -4.18% | -5.80% | -7.55% | -9.08% | -8.33% | -8.09% | -7.71% | -5.91% | -4.32% | -4.42% | -5.92% | -5.03% | -5.22% |
| Return on equity (ROE) | 0.61% | 0.99% | 2.15% | 0.20% | -0.70% | -1.29% | -2.92% | -4.13% | -5.48% | -7.13% | -8.53% | -8.25% | -8.11% | -7.00% | -5.49% | -3.93% | -3.90% | -7.62% | -5.47% | -5.33% |
The analyzed profitability ratios of Bill Com Holdings Inc over the period from September 2020 through June 2025 reveal a persistent trend of negative returns, indicating ongoing challenges in generating profits relative to its assets, capital, and equity.
Operating Return on Assets (Operating ROA):
The company’s Operating ROA consistently displayed negative figures, illustrating that its core operational activities were not profitable in the period under review. Starting at -1.68% in September 2020, the ratio experienced some fluctuation but overall demonstrated a gradual improvement towards less negative territory, reaching -0.57% in June 2025. The most notable improvement occurred in late 2024 and early 2025, where the figures transitioned from deep negatives into positive territory, signaling a potential operational turnaround.
Return on Assets (ROA):
Similar to Operating ROA, the Total ROA remained negative throughout most of the period. Initially at -1.55% in September 2020, the ratio trended downward, hitting lows of approximately -3.61% in September 2022. From late 2023 onward, the ROA improved steadily, turning positive by late 2024, with a value of 0.85%, and reaching 0.40% as of June 2025. This suggests that net profitability relative to total assets is improving and possibly indicates the beginning of sustainable earnings generation.
Return on Total Capital:
This ratio reflects efficiency in generating profits from all capital sources. Starting at -5.22% in September 2020, the figure generally worsened until approximately late 2022, dipping to around -9.08%. The subsequent quarters show a consistent upward trend, culminating in positive territory by December 2024 at 2.69%, with further slight increases observed in early 2025. This progression indicates an emerging capability to generate returns on invested capital, which had been notably underperforming during the initial years.
Return on Equity (ROE):
ROE analysis reveals a similar trajectory of improvement. Initially at -5.33% in September 2020, the equity-based profitability remained negative for the entire period, with substantial deficits noted through 2022. Starting in late 2023 and into 2024, the ROE improved markedly, moving into positive figures, reaching 2.15% in December 2024 and tapering to approximately 0.61% by June 2025. This pattern indicates a gradual enhancement in net earnings attributable to shareholders, suggesting potential profitability recovery.
Summary:
Collectively, the ratios indicate that Bill Com Holdings Inc faced significant profitability challenges in 2020 through 2022, characterized by negative returns across all measures. However, from late 2023 onward, there is evidence of a positive turnaround, with ratios improving toward and into positive territory by late 2024 and into mid-2025. This trend could signal a strategic shift, operational improvements, or other favorable developments that are beginning to translate into better profitability metrics. Nevertheless, the company's profitability remains moderate and transitional, requiring continued positive performance for sustainable financial health.