BILL HOLDINGS, INC.
In the published model solve dated 2026-Q2, anchored at $47.36, BILL HOLDINGS, INC. (BILL) is priced for +5.9% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• In May the company announced a workforce reduction of up to 30% alongside roughly $110 million of expected annualized savings, and made AI agents its top strategic priority [Source: BILL fiscal Q3 2026 results, May 2026]. • The moat is a directory rather than a product: once a supplier joins, ⟦"the supplier can accept and securely share its bank account details once with BILL. From that point onward, all payments to that supplier will be electronic."⟧ • About a ninth of revenue is interest the
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325 institutional managers reported holding BILL in 13F filings for the quarter ended 2026-03-31. Together they hold about 90% of the company; the top 10 hold 49%. 57 opened new positions that quarter. Held by Vanguard Group, BlackRock, Starboard Value, among others. On the short side, 12.4M shares were sold short as of the 2026-06-15 count, about 11% of shares outstanding (4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
BILL's share count grew 3.5% over the past five years even with $1.00B spent on repurchases. It pays no dividend. Cash returned over the past three years: $914.56M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at BILL over the trailing three years: 2023: 2 buys totaling $1.51M; 2024: 9 buys totaling $4.48M. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
BILL's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-30 | +5.7% | -23.2% |
| 2023-11-04 | -24.2% | +12.1% |
| 2024-02-10 | -12.6% | -5.8% |
| 2024-05-04 | -9.9% | -6.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
BILL's latest 8-K filings: 2026-05-26 (items 5.02, 7.01, 9.01); 2026-05-07 (items 2.02, 2.05, 7.01, 9.01); 2026-03-16 (items 5.02); 2026-02-05 (items 2.02, 9.01); 2026-01-26 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.