Bill Holdings Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Bill Holdings Inc (BILL) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Bill Holdings Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 1,652M vs 178,967M combined for its competitors (0.9% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+5.6% annualized vs trailing 12 months), vs holding steady (-0.2%) for its tracked peer group.
- Growth: Bill Holdings Inc generated 13.4% revenue growth year over year in Q4 2026, vs -17.6% for its competitors combined.
- Profitability: Its -4.5% net margin compares with 17.1% for the peer group.
- Scale: Bill Holdings Inc ranks #70 of 256 companies by market capitalization in the Software & Programming industry, holding 0.1% of industry market cap.
- Peer revenue share: Bill Holdings Inc accounted for 1.0% of combined revenue among its tracked peer group, up from 0.7% a year earlier.
- Peer differentiation: Revenue per employee of $0.98M compares with $0.53M for the peer group (1.9x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
BILL Sales vs. its Competitors, Q4 2026
Bill Holdings Inc reported revenue growth of 13.36 % year on year in Q4 2026, above its competitors' combined revenue change of -17.55 %.
With a net margin of -4.46 %, Bill Holdings Inc reported lower profitability than its competitors (17.11 %).
Bill Holdings Inc generated 0.97 % of the combined sales of its peer group, up from 0.71 % a year earlier.
API endpoints for this dataset
Bill Holdings Inc vs. its Competitors, Q4 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Bill Holdings Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Bill Holdings Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Bill Holdings Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (2) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Bill Holdings Inc's competitor groups requires a Commercial License.
For context: the Software & Programming industry grew revenue 16.7% year over year, combined, vs 13.4% for Bill Holdings Inc. Bill Holdings Inc's share of combined industry revenue moved from 0.14% to 0.13%, a gain of 0.00 percentage points.
Bill Holdings Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Bill Holdings Inc | No | Yes | Yes | No |
| Competitors combined (21) | ||||
| High-Confidence Competitors (6) | ||||
| Similar-Size Competitors (9) | ||||
| Similar Growth & Profitability (8) | 25.00 % (2 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
BILL Stock Performance relative to its Competitors
BILL Stock Performance relative to High-Confidence Competitors
BILL Stock Performance relative to Similar-Size Competitors
BILL Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Priority Technology Holdings Inc | 282.9% | Outperformed |
| 2 | Flywire Corporation | 282.9% | Outperformed |
| 3 | Robert Half Inc | 282.9% | Outperformed |
| 4 | Paycom Software Inc | 282.9% | Outperformed |
| 5 | Commvault Systems Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Bill Holdings Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Bill Holdings Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Bill Holdings Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Bill Holdings Inc |
5,376.59 | 1,651.86 |
 Oracle Corporation |
359,370.00 | 73,266.00 |
 Sap Se |
278,968.50 | 41,606.87 |
 Automatic Data Processing Inc |
120,099.06 | 22,262.90 |
 Intuit Inc |
93,689.71 | 21,448.00 |
 Paypal Holdings Inc |
51,522.90 | 34,295.00 |
| SUBTOTAL | 1,028,111.41 | 224,881.23 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Bill Holdings Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Bill Holdings Inc's Competitors Named by the Company
Competitive relationships identified from Bill Holdings Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Avidxchange Holdings Inc | Company report | 85% |
| Hyperfine Inc | Company report | 85% |
| Payoneer Global Inc | Company report | 85% |
| Corpay Inc | Company report | 85% |
| Bottomline Technologies Inc | Company report | 85% |
| Purebase Corporation | Company report | 85% |
| Intuit Inc | Company report | 85% |
| Priority Technology Holdings Inc | Company report | 85% |
| Flywire Corporation | Company report | 85% |
| Fingermotion Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Bill Holdings Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Bill Holdings Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Oracle Corporation | Cloud and Software Business 83.96 % |
| Automatic Data Processing Inc | Employer Services 67.12 % |
| Intuit Inc | Consumer 61.61 % |
| Paypal Holdings Inc | Reportable 100.00 % |
| Equifax Inc | Workforce Solutions 41.00 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Bill Holdings Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Bill Holdings Inc | 5,377 | 981,498 | -7,248 |
| Oracle Corporation | 359,370 | 519,617 | 134,184 |
| Sap Se | 278,969 | 378,244 | 75,299 |
| Automatic Data Processing Inc | 120,099 | 383,843 | 78,029 |
| Intuit Inc | 93,690 | 1,153,118 | 245,484 |
| Paypal Holdings Inc | 51,523 | 1,440,966 | 325,504 |
| PEERS TOTAL | 1,022,735 | 528,571 | 112,803 |
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Bill Holdings Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Oracle Corporation | Americas 63.46 % |
| Paypal Holdings Inc | UNITED STATES 58.27 % |
| Commvault Systems Inc | Americas 62.14 % |
| Flywire Corporation | United States and Canada (Americas) 45.20 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Bill Holdings Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 230 companies in Bill Holdings Inc's industry classification, broader than the peer set above. Market cap in millions of $.Bill Holdings Inc ranks #70 of 230 companies by market capitalization in its industry, holding 0.07 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,887, indicating a highly concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Microsoft Corporation | 4,046,606 | 52.71 % |
| 2 | Palantir Technologies Inc | 424,657 | 5.53 % |
| 3 | Oracle Corporation | 339,160 | 4.42 % |
| 4 | Sap Se | 313,734 | 4.09 % |
| 5 | Crowdstrike Holdings Inc | 1,234 | 5.2% |
| 6 | Shopify Inc | 1,234 | 5.2% |
| 7 | Full Truck Alliance Co Ltd | 1,234 | 5.2% |
| 8 | Salesforce Inc | 1,234 | 5.2% |
| 9 | Servicenow Inc | 1,234 | 5.2% |
| 10 | Cloudflare Inc | 1,234 | 5.2% |
| 70 | Bill Holdings Inc | 5,252 | 0.07 % |
Market cap and industry share for the rest of Bill Holdings Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-09.
Bill Holdings Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 65 | Aci Worldwide Inc | 6,135 | 19.18 % |
| 66 | Box Inc | 5,840 | 34.36 % |
| 67 | Clear Secure Inc | 5,781 | 78.67 % |
| 68 | Octave Intelligence Plc | 5,672 | - |
| 69 | Varonis Systems Inc | 1,234 | 12.3% |
| 70 | Bill Holdings Inc | 5,252 | 18.46 % |
| 71 | Blackberry Limited | 1,234 | 12.3% |
| 72 | Braze Inc | 1,234 | 12.3% |
| 73 | Q2 Holdings Inc | 1,234 | 12.3% |
| 74 | Tenable Holdings Inc | 1,234 | 12.3% |
| 75 | Monday com Ltd | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Bill Holdings Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-09. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Bill Holdings Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Software & Programming industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (442 companies). See the full Software & Programming industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 80.99 % | 50.49 % (avg) | +30.5 pp |
| Operating Margin | -4.45 % | industry median | -4.6 pp |
| EBITDA Margin | 11.51 % | 1.86 % (avg) | +9.6 pp |
| Capital Intensity (Capex / Revenue) | 3.70 % | 5.21 % (avg) | -1.5 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Bill Holdings Inc's Valuation vs Competitive Position
Valuation multiples vs the Software & Programming industry average (442 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Software & Programming industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 40.6x | - |
| EV / EBITDA | 25.2x | 20.3x | +4.9x |
| P/B | 1.0x | 5.5x | -4.6x |
| Return on Equity | -0.32 % | industry aggregate | -25.48 % |
| Return on Invested Capital | -0.70 % | -3.24 % (avg) | 2.54 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Bill Holdings Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue Growth | - | - | 500.00 % | 109.06 % | 38.61 % | 16.42 % | 12.00 % |
| Operating Margin | -20.31 % | -32.72 % | -57.98 % | -42.46 % | -18.47 % | -5.72 % | -5.80 % |
| Return on Invested Capital | - | -1.24 % | -3.56 % | -3.74 % | -2.18 % | -0.85 % | -0.94 % |
| P/E | - | - | - | - | - | 190.5x | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Bill Holdings Inc's Strategic Group Map
Bill Holdings Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Bill Holdings Inc's trailing-12-month revenue growth of 13.0% and operating margin of -4.5% compares with an average of 13.8% growth and -4.1% margin across its 8 closest peers by combined growth, margin and ROIC -- Bill Holdings Inc sits below that peer average on growth and below it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Bill Holdings Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Bill Holdings Inc falls in the Question Mark quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 11.3% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Microsoft Corporation alone holds 53% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Bill Holdings Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 2,887 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 3.70 % vs industry average 5.21 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Bill Holdings Inc's dedicated Suppliers and Customers pages, not here.
Bill Holdings Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Bill Holdings Inc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Bill Holdings Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+5.6% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 25.5 points below the industry aggregate.
- Low relative market share vs the industry leader (0.00x).
Opportunities
- Industry revenue growing at a healthy 11.3% median pace.
Threats
- Industry dominated by Microsoft Corporation, holding 52.71 % of industry market cap.
Methodology: see Methodology: SWOT Analysis.
Bill Holdings Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Bill Holdings Inc | 0.23 | 1.60 | 0.57 |
| Oracle Corporation | 0.72 | 1.12 | 2.83 |
| Sap Se | 0.47 | 1.16 | 0.10 |
| Automatic Data Processing Inc | 0.07 | 1.04 | 0.96 |
| Intuit Inc | 0.39 | 1.43 | 0.35 |
| Paypal Holdings Inc | 0.16 | 1.27 | 0.63 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Bill Holdings Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Bill Holdings Inc | Q2 2026 | +13.4 % | - |
| Oracle Corporation | Q3 2026 | +24.0 % | +62.6 % |
| Sap Se | Q4 2025 | +12.5 % | +143.0 % |
| Automatic Data Processing Inc | Q3 2026 | +6.1 % | +11.1 % |
| Intuit Inc | Q2 2026 | +13.7 % | -4.7 % |
| Paypal Holdings Inc | Q3 2026 | +2.0 % | -61.4 % |
| PEERS TOTAL | +12.8 % | +45.1 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Bill Holdings Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Bill Holdings Inc | Q2 2026 | +11.3 % | -5.9 % |
| Oracle Corporation | Q3 2026 | - | +235.2 % |
| Sap Se | Q4 2025 | +9.6 % | - |
| Automatic Data Processing Inc | Q3 2026 | +2,304.9 % | +20.6 % |
| Intuit Inc | Q2 2026 | -2.3 % | +192.0 % |
| Paypal Holdings Inc | Q3 2026 | - | -37.1 % |
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Bill Holdings Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Bill Holdings Inc | - | - | - |
| Oracle Corporation | 7.73% | 9.84% | 44.45% |
| Sap Se | 10.03% | 12.84% | 15.66% |
| Automatic Data Processing Inc | 7.40% | 34.49% | 76.51% |
| Intuit Inc | 12.49% | 16.28% | 23.22% |
| Paypal Holdings Inc | 9.53% | 14.38% | 38.94% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Bill Holdings Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Bill Holdings Inc | - | 3.25 |
| Oracle Corporation | 18.78 | 4.91 |
| Sap Se | 38.92 | 6.70 |
| Automatic Data Processing Inc | 26.83 | 5.39 |
| Intuit Inc | 20.54 | 4.37 |
| Paypal Holdings Inc | 11.57 | 1.50 |
| PEERS AVERAGE | 21.59 | 4.57 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.