Bill.com’s $1 Billion Buyback Plan Sparks Buzz Around Its AI Reset!

Bill.com Holdings, Inc. reported its fiscal third quarter of 2026 results demonstrating continued revenue growth and enhanced profitability while emphasizing a significant strategic shift toward artificial intelligence (AI) integration. Core revenue increased 16% year-over-year to $371 million, driven by robust performance across its Accounts Payable Automation and Receivables (APAR) and Spend & Expense segments. APAR core revenue grew 12%, with customer additions exceeding expectations in certain verticals such as wealth management, though the company anticipates normalization to below 4,000 net new customers as it targets larger clients. Spend & Expense revenue grew 21%, benefiting from increased card payment volume in sectors like shipping, advertising, and travel, though offset by softness in healthcare and retail. The company achieved non-GAAP operating margin of 20%, surpassing guidance with a 475 basis point improvement year-over-year and GAAP profitability, reflecting operational efficiency enhancements. Non-GAAP net income improved by 32% year-over-year to $77 million.