EL7.AI
StocksMedium•6 November 2026•
4 min read

BILL Sees 47% Growth in EPS to $4.15 in 2027

Key Facts

1BILL expects diluted EPS of $3.99 to $4.15 in fiscal 2027, representing year-over-year growth of 47% at the midpoint.
2The company targets adjusted operating income of $466 million to $486 million and a margin of about 33% in fiscal 2027.
3BILL expects total revenue of $1.4 billion to $1.5 billion in fiscal 2027, representing year-over-year growth of 10% to 12%.
4The company raised its GAAP profit forecast to more than $180 million in fiscal 2027.

BILL expects diluted non-GAAP earnings per share of $3.99 to $4.15 in fiscal 2027, representing year-over-year growth of 47% at the midpoint, according to the transcript of its first-quarter earnings call published by Benzinga. The guidance is part of a set of financial targets for the year, including revenue growth and higher profitability. The company also raised its GAAP profit outlook, saying it now expects to earn more than $180 million during the fiscal year. The figures show two parallel elements in management's guidance: revenue growth and improved earnings and margins. The EPS and operating-margin figures cited exclude GAAP items.

BILL set non-GAAP operating income at $466 million to $486 million, equivalent to an operating margin of about 33% in FY27. It also expects non-GAAP net income of $409 million to $425 million. On revenue, the total forecast ranges from $1.4 billion to $1.5 billion, representing year-over-year growth of 10% to 12%. The guidance thus combines growth in core revenue with higher profitability on adjusted measures. The operating-margin target sets the profitability level the company aims to achieve alongside that growth.

The company expects to record about $185 million in stock-based compensation expense in FY27, equivalent to 13.5% of net revenue, compared with 17.6% in FY26 on a comparable basis. The decline in the ratio points to a lower relative burden from this item within projected revenue. In the first quarter of FY27, core revenue was $316.4 million, up 14% year over year. Non-GAAP operating margin reached 39% for the quarter, after expanding 900 basis points sequentially. The quarterly results provide a near-term basis for comparing the annual guidance, though the periods and revenue mix differ between the quarter and fiscal year.

BILL's GAAP net income in the first quarter was $60 million, which management said exceeded its expectations and paved the way for it to raise its annual GAAP profit forecast to more than $180 million. Management attributed the quarterly earnings outperformance to revenue upside flowing through, lower fraud and credit losses, and planned spending ramping more slowly than expected. These factors combined stronger revenue performance with costs or losses below expectations during the quarter. Management said, "These factors included the impact of revenue upside, lower fraud and credit losses, and planned spending ramping more slowly than expected." The explanation remains tied to first-quarter performance, while the financial outlook covers the rest of the year.

The backdrop to the guidance dates to fiscal 2026, when BILL posted total revenue of $1.7 billion, up 13% year over year, while core revenue rose 16% to $1.5 billion. In the fourth quarter of FY26, the company processed total payment volume of $98 billion, up 14% year over year, and handled 37 million transactions, a similar increase. Chief Financial Officer Rohini Jain said the company delivered 16% core revenue growth in the fourth quarter alongside strong non-GAAP profitability. She added, "Growth and margin expansion are not a trade-off at BILL." These earlier results put the FY27 revenue growth target in the context of continued expansion in the core business, alongside a goal of higher profitability.

For the second fiscal quarter of 2027, BILL expects total revenue of $353 million to $363 million and core revenue of $315.5 million to $325.5 million, representing year-over-year growth of 10% to 13%. For the full fiscal year, management said it still expects to exceed the Rule of 40 threshold exiting FY27, defining the metric as total net revenue growth plus non-GAAP operating margin. It also said changes to sales team incentives tied to selling the platform as a unified solution are expected to be implemented in the third quarter. Management added, "We have more work to do on multiproduct, and we expect to launch that in the third quarter." These quarterly and execution milestones provide indicators for tracking the company's financial targets for the year.