Bottomline Technologies Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Bottomline Technologies Inc (EPAY) 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: Bottomline Technologies Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 506M vs 884,316M combined for tracked competitors (0.1% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+4.1% annualized vs trailing 12 months), vs decelerating (-16.8%) for its tracked peer group.
- Growth: Bottomline Technologies Inc generated 9.1% revenue growth year over year in Q3 2022, vs -0.5% for its tracked competitors combined.
- Profitability: Its -5.7% net margin compares with 22.4% for the peer group.
- Peer revenue share: Bottomline Technologies Inc accounted for 0.1% of combined revenue among its tracked peer group, up from 0.1% a year earlier.
- Peer differentiation: Revenue per employee of $0.32M compares with $0.45M for the peer group (0.7x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
EPAY Sales vs. its Competitors, Q3 2022
Bottomline Technologies Inc reported revenue growth of 9.06 % year on year in Q3 2022, above its competitors' combined revenue change of -0.46 %.
With a net margin of -5.71 %, Bottomline Technologies Inc reported lower profitability than its competitors (22.39 %).
Bottomline Technologies Inc generated 0.07 % of the combined sales of its peer group, up from 0.07 % a year earlier.
Bottomline Technologies Inc vs. its Competitors, Q3 2022
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 an SEC filing; 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 Bottomline Technologies Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Bottomline Technologies Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (12) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (8) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Bottomline Technologies Inc's competitor groups requires a Commercial License.
For context: the Software & Programming industry grew revenue 16.4% year over year, combined, vs 9.1% for Bottomline Technologies Inc. Bottomline Technologies Inc's share of combined industry revenue moved from 0.04% to 0.04%, a gain of 0.00 percentage points.
Bottomline Technologies Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Bottomline Technologies Inc | No | Yes | No | Yes |
| Competitors combined (54) | ||||
| High-Confidence Competitors (13) | ||||
| Similar Growth & Profitability (8) | 25.00 % (2 of 8) | 100.00 % (8 of 8) | 62.50 % (5 of 8) | 0.00 % (0 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.
EPAY Stock Performance relative to its Competitors
EPAY Stock Performance relative to High-Confidence Competitors
EPAY 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 | Marqeta Inc | 282.9% | Outperformed |
| 2 | Usio Inc | 282.9% | Outperformed |
| 3 | Everi Holdings Inc | 282.9% | Outperformed |
| 4 | Discover Financial Services | 282.9% | Outperformed |
| 5 | Cantaloupe Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Bottomline Technologies Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Bottomline Technologies Inc's Comment on Competition and Industry Peers
• our ability to develop new, innovative technology solutions that meet
the evolving needs of our customers and the shifting dynamics of the markets
we participate in;
• our ability to attract and retain employees with the requisite domain
knowledge and technical skill set necessary to develop and support our products;
• the performance, reliability, features, ease-of-use and price of our
offerings as compared to competitor alternatives;
• our industry knowledge and expertise;
• the execution of our sales and services organizations; and
• the timing and market acceptance of new products as well as enhancements
to existing products, by us and by our current and future competitors.
For our settlement network solutions, our principal competitors include AvidXchange,
US Bank Payments Plus and combined card and ACH Solutions from JPMorgan Chase,
Wells Fargo, D+H Corporation, Eastnets, SunGard and SWIFT.
For our digital banking payments and cash management solutions, we primarily compete with companies such as ACI Worldwide, Fiserv, FIS, Q2, Jack Henry, Backbase, NCR, MeridianLink and Polaris, that offer a wide range of financial services, including electronic banking applications. We also encounter competition in our digital banking customer acquisition offerings from MeridianLink and D+H Corporation.
For our legal spend management solutions, we compete with a number of companies, including Wolters Kluwer ELM Solutions, LexisNexis, Mitratech and Computer Sciences Corporation (CSC).
For our cyber fraud and risk management products, we primarily compete with NICE Actimize, Norkom-Deitca, SAS, Guardian Analytics and FairWarning.
For our healthcare solutions, our primary competitors are Access, FairWarning, FormFast, Iatric Systems and Standard Register.
Our payment and document automation products compete primarily with products from companies that provide solutions to create, publish, manage and archive electronic documents and companies that offer payments software and services. Our products also compete with companies that provide a diverse array of accounts payable automation and workflow capabilities. We also compete with providers of enterprise resource planning (ERP) solutions and providers of traditional payment products, including check stock and check printing software and services. In addition, some financial institutions compete with us as outsourced check printing and electronic payment service providers.
Publicly Traded Peers of Bottomline Technologies Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Bottomline Technologies Inc | 2,437.92 | 506.36 |
| Jpmorgan Chase and Co | 897,653.56 | 186,328.00 |
| Bank Of America Corporation | 391,917.37 | 121,098.00 |
| Wells Fargo and Company | 246,813.52 | 83,940.00 |
| Citigroup inc | 225,552.00 | 88,262.00 |
| American Express Company | 205,119.11 | 114,611.00 |
| SUBTOTAL | 2,783,936.25 | 886,764.55 |
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Sources: Bottomline Technologies Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Bottomline Technologies Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Bottomline Technologies Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Q2 Holdings Inc | Named by the company | 85% |
| Fiserv | Named by the company | 85% |
| FeatureSpace | Named by the company | 85% |
| Form 3 | Named by the company | 85% |
| JPMorgan Chase | Named by the company | 85% |
| Mitratech | Named by the company | 85% |
| Polaris | Named by the company | 85% |
| AccessPay | Named by the company | 85% |
| Tipalti | Named by the company | 85% |
| C2FO | Named by the company | 85% |
| Eastnets | Named by the company | 85% |
| FIS | Named by the company | 85% |
| Guardian Analytics | Named by the company | 85% |
| MeridianLink | Named by the company | 85% |
| NICE Actimize | Named by the company | 85% |
| Swisscom | Named by the company | 85% |
| Backbase | Named by the company | 85% |
| Wells Fargo | Named by the company | 85% |
| CSI Enterprises | Named by the company | 85% |
| Feedzai | Named by the company | 85% |
| GHX | Named by the company | 85% |
| Kyriba | Named by the company | 85% |
| NCR | Named by the company | 85% |
| Quovant | Named by the company | 85% |
| ACI Worldwide | Named by the company | 85% |
| US Bank Payments Plus | Named by the company | 85% |
| Caseglide | Named by the company | 85% |
| SWIFT | Named by the company | 85% |
| FairWarning | Named by the company | 85% |
| Jack Henry | Named by the company | 85% |
| MineralTree | Named by the company | 85% |
| Norkom | Named by the company | 85% |
| Temenos | Named by the company | 85% |
| Bill.com | Named by the company | 85% |
| Wolters Kluwer ELM Solutions | Named by the company | 85% |
| DXC Legal Solutions | Named by the company | 85% |
| Finastra | Named by the company | 85% |
| Go Cardless | Named by the company | 85% |
| LexisNexis | Named by the company | 85% |
| NetGuardians | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Bottomline Technologies Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Bottomline Technologies 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 |
|---|---|
| Bottomline Technologies Inc | Banking Solutions 38.82 % |
| Citigroup inc | Markets 29.42 % |
| Intuit Inc | Consumer 61.61 % |
| Fidelity National Information Services Inc | Banking Solutions 73.53 % |
| Equifax Inc | Workforce Solutions 41.49 % |
| Fair Isaac Corp | Scores 68.07 % |
Source: operating segment revenue as reported in each company's SEC filings (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).
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Bottomline Technologies 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 |
|---|---|---|---|
| Bottomline Technologies Inc | 2,438 | 316,473 | -22,725 |
| Jpmorgan Chase and Co | 897,654 | 584,995 | 200,752 |
| Bank Of America Corporation | 391,917 | 568,535 | 158,005 |
| Wells Fargo and Company | 246,814 | 351,213 | 95,100 |
| Citigroup inc | 225,552 | 390,540 | 72,049 |
| American Express Company | 205,119 | 1,492,331 | 149,023 |
| PEERS TOTAL | 2,781,498 | 447,400 | 107,262 |
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Bottomline Technologies Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Bottomline Technologies Inc | United States 61.00 % |
| Fidelity National Information Services Inc | North America 78.12 % |
| Fair Isaac Corp | Americas 90.77 % |
| Aci Worldwide Inc | United States 64.29 % |
| Euronet Worldwide Inc | Europe 60.43 % |
| Kyndryl Holdings Inc | Countries Excluding United States and Japan 59.79 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Bottomline Technologies 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 (347 companies). See the full Software & Programming industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 57.51 % | 63.86 % (avg) | -6.4 pp |
| Operating Margin | -6.37 % | industry median | +13.6 pp |
| EBITDA Margin | 6.34 % | 2.77 % (avg) | +3.6 pp |
| Capital Intensity (Capex / Revenue) | 7.27 % | 4.77 % (avg) | +2.5 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.
Bottomline Technologies Inc's Valuation vs Competitive Position
Valuation multiples vs the Software & Programming industry average (347 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 | - | 39.4x | - |
| EV / EBITDA | 75.9x | 21.7x | +54.2x |
| P/B | 5.6x | 5.4x | +0.2x |
| Return on Equity | -8.43 % | industry aggregate | -29.50 % |
| Return on Invested Capital | -3.00 % | -0.30 % (avg) | -2.70 % |
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.
Bottomline Technologies Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 19.76 % | 3.94 % | 2.35 % | 6.37 % | 13.33 % | 4.74 % | 3.73 % | 9.91 % |
| Operating Margin | 1.11 % | -1.16 % | -5.63 % | -0.51 % | 1.17 % | 0.00 % | -0.38 % | -5.03 % |
| Return on Invested Capital | 0.37 % | -0.43 % | -2.97 % | -0.29 % | 0.58 % | 0.00 % | -0.16 % | -2.28 % |
| P/E | - | - | - | - | 142.1x | 386.1x | - | - |
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.
Bottomline Technologies Inc's Strategic Group Map
Every company in Bottomline Technologies Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Bottomline Technologies Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
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.
Bottomline Technologies 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 |
|---|---|---|
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 7.27 % vs industry average 4.77 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Bottomline Technologies Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Bottomline Technologies Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Bottomline Technologies Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Bottomline Technologies Inc falls in the Low attractiveness / Medium strength cell: Harvest.
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.
Bottomline Technologies 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
- Operating margin 13.6 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+4.1% annualized vs trailing 12 months).
Weaknesses
- Return on equity 29.5 points below the industry aggregate.
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- Industry revenue growing at a healthy 11.2% median pace.
- A meaningful share of tracked competitors (33.30 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-16.8% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Bottomline Technologies 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 |
|---|---|---|---|
| Bottomline Technologies Inc | 0.71 | 1.49 | 0.30 |
| Jpmorgan Chase and Co | 0.17 | 0.42 | 1.40 |
| Bank Of America Corporation | 0.09 | 0.52 | 1.25 |
| Wells Fargo and Company | 0.11 | 0.80 | 1.41 |
| Citigroup inc | 0.01 | 0.40 | 1.75 |
| American Express Company | 0.08 | 0.60 | 1.76 |
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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.
Bottomline Technologies 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 |
|---|---|---|---|
| Bottomline Technologies Inc | Q1 2022 | +9.1 % | - |
| Jpmorgan Chase and Co | Q2 2026 | +30.4 % | +44.0 % |
| Bank Of America Corporation | Q2 2026 | +15.0 % | +27.5 % |
| Wells Fargo and Company | Q2 2026 | +14.2 % | +21.6 % |
| Citigroup inc | Q1 2026 | +14.1 % | +44.6 % |
| American Express Company | Q2 2026 | -34.8 % | +7.8 % |
| PEERS TOTAL | +16.4 % | +48.5 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Bottomline Technologies 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 |
|---|---|---|---|
| Bottomline Technologies Inc | Q1 2022 | +11.0 % | -1.4 % |
| Jpmorgan Chase and Co | Q2 2026 | -6.4 % | - |
| Bank Of America Corporation | Q2 2026 | - | - |
| Wells Fargo and Company | Q2 2026 | -16.2 % | - |
| Citigroup inc | Q1 2026 | - | -6.7 % |
| American Express Company | Q2 2026 | -22.8 % | +45.1 % |
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Bottomline Technologies Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Bottomline Technologies Inc | - | - | - |
| Jpmorgan Chase and Co | 1.35% | 3.71% | 17.50% |
| Bank Of America Corporation | 0.97% | 2.76% | 11.13% |
| Wells Fargo and Company | 1.05% | 2.94% | 12.48% |
| Citigroup inc | 0.61% | 0.63% | 7.62% |
| American Express Company | 3.77% | 5.24% | 34.12% |
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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).
Bottomline Technologies Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Bottomline Technologies Inc | - | 4.81 |
| Jpmorgan Chase and Co | 14.03 | 4.82 |
| Bank Of America Corporation | 12.38 | 3.24 |
| Wells Fargo and Company | 11.74 | 2.94 |
| Citigroup inc | 15.80 | 2.56 |
| American Express Company | 18.38 | 1.79 |
| PEERS AVERAGE | 13.10 | 3.14 |
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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.