Financial PerformanceBILL reported solid FQ3 results, delivering revenue of $323M (vs. $306.5M consensus), operating profit of $58.5M (vs. $39.8M consensus), and TPV of $71B (vs. $67B consensus).
PartnershipsBill currently counts 6 of the 10 largest banks as partners at this point, including JPM Chase, BofA, Amex, Wells, Key, and PNC.
Product OfferingsThe company has rolled out a single mobile app for AP/AR management where it saw suppliers increase the use of instant transfer and invoicing directly on the BILL platform, increasing the overall value proposition of the company’s offerings.