BILL FY26 revenue +13% to $1.65B; net loss -$11.2M on -$11.2M below-the-line drag; 30% RIF, buyback

Filed August 20, 2026 · Period ending June 30, 2026 · Compared to 10-K Aug 28, 2025 · ~2 min read

Key Changes

• high

  Net income swung from $23.8M profit (FY25) to -$154M loss despite operating loss narrowing 9% (-$80.6M → -$73.4M). The $35M deterioration came from a $42.2M below-the-line drag (non-operating/other -$47.7M, income tax +$5.5M), reversing prior-year profitability.

  MD&A: Net Income & Below-the-Line verify on EDGAR →
• high

  Headcount fell 29% YoY (2,364 → 1,683 employees). The company is transitioning to remote-first and reducing real estate footprint, with potential near-term impairment charges.

  MD&A: Restructuring & Business verify on EDGAR →
• high

  The company repurchased $560.5M in shares under its buyback program during FY26 (separate from $55.6M in tax withholding on equity vesting). In May 2026, the board authorized a new $1.0B repurchase program consolidating prior authorizations. Share count fell 10.6% YoY (103.0M → 92.1M).

  MD&A: Capital Allocation & Risk Factors verify on EDGAR →