BILL Q3 revenue rises 13% to $406.6 million; plans workforce cut of up to 30%
BILL reported fiscal third-quarter 2026 revenue of $406.6 million, up 13% year over year, and a GAAP net income of $12.8 million versus a loss of $11.6 million a year earlier. The company also announced a restructuring that will reduce its workforce by up to 30%, with estimated charges of $30 million to $60 million, and a new $1.0 billion share repurchase authorization, which would matter to shareholders through both the cost of the restructuring and potential buybacks.
Key points
- Q3 total revenue was $406.6 million, up 13%; core revenue was $371.1 million, up 16%.
- GAAP operating loss narrowed to $0.4 million from $28.9 million a year earlier; non-GAAP operating income was $79.8 million, up 50%.
- Restructuring charges are estimated at $30 million to $60 million, mostly in the fourth quarter of fiscal 2026, with work substantially complete by the end of the first quarter of fiscal 2027.
- The board authorized repurchases of up to $1.0 billion of common stock over a 24-month term; the company did not commit to any specific amount.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.