Bill Com Holdings Inc (BILL)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	23,797	38,466	81,864	7,895	-28,878	-52,344	-115,291	-169,946	-223,725	-292,796	-348,378	-333,742	-327,787	-284,707	-224,715	-161,454	-98,720	-66,356	-47,947	-38,346
Total stockholders’ equity	US$ in thousands	3,914,040	3,870,460	3,809,390	4,013,240	4,134,200	4,058,730	3,951,840	4,118,110	4,085,970	4,104,340	4,083,880	4,047,530	4,043,690	4,068,320	4,093,330	4,109,210	2,529,590	870,461	876,748	718,768
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%

June 30, 2025 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $23,797K ÷ $3,914,040K
= 0.61%

The analysis of Bill Com Holdings Inc.'s Return on Equity (ROE) over the observed period from September 30, 2020, through June 30, 2025, indicates a significant improvement in profitability relative to shareholders' equity. Initially, the company reported negative ROE figures throughout this timeframe, reflecting an ongoing challenge in generating net income relative to equity investments. The ROE values declined from -5.33% as of September 30, 2020, to a low of -8.53% at the end of 2022, indicating increasing losses or ineffective use of equity capital during this period.

Starting in early 2023, the trend shows a consistent upward trajectory, with the ROE progressively moving towards positive territory. By September 30, 2024, the company reported a marginal positive ROE of 0.20%. This positive shift continued into late 2024 and early 2025, reaching 2.15% at the end of December 2024, and maintaining positive figures of 0.99% and 0.61% in the subsequent quarters.

This pattern suggests that Bill Com Holdings Inc. has experienced a turnaround in its profitability. The transition from negative to positive ROE indicates improvements in net income generation relative to shareholders’ equity, potentially driven by operational efficiencies, strategic initiatives, or market conditions favoring the company. The gradual increase in ROE enhances the company's financial stability and suggests a strengthening capacity to generate returns for equity holders. However, the relatively modest positive ROE figures in the recent periods imply that while profitability is improving, it remains at a cautious or developmental stage.