BILL provides online software that helps small and midsize businesses pay bills, get paid by customers, and manage company spending. Businesses can send and receive payments by ACH, card, check, real-time, or cross-border transfer, and can use company charge cards with budgets instead of filing manual expense reports. Its AI-enabled platform also links businesses with their suppliers and clients.

What is BILL's fair value?

On an owner-earnings DCF, BILL's most-likely fair value is about $138, versus a recent price near $45. A margin-of-safety estimate, not a price target. Analysis, not advice.

Technology · Software - Application · BILL

What BILL Does & How It Makes Money (BILL)

Updated October 2026 · reflects BILL's latest reported financials

Cloud financial operations platform for small and midsize businesses. BILL earns money from its cloud software solutions and from payment services such as ACH, card, real-time, cross-border and check payments.

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How BILL makes money

BILL earns money from its cloud software solutions and from payment services such as ACH, card, real-time, cross-border and check payments. It also offers lending, deposit and value-added services, and reaches customers through accounting firms, financial institutions and software provider partners.

What BILL does

BILL Holdings, formerly Bill.com Holdings, runs a cloud-based, AI-enabled financial operations platform for small and midsize businesses worldwide. The platform covers accounts payable, accounts receivable, and spend and expense management. Its BILL Spend and Expense suite gives businesses charge cards, budget tracking and payment controls, which removes the need for manual expense reports. Alongside its software, BILL handles payments by ACH, card, real-time, cross-border, check and pay-by-card, and offers lending, deposit and value-added services. It connects businesses with their suppliers and clients, and works with accounting firms, financial institutions and software providers. The company was incorporated in 2006, renamed itself in February 2023, and is headquartered in San Jose, California.

Products & services

BILL Accounts Payable
BILL Accounts Receivable
BILL Spend and Expense
Payment services (ACH, card, real-time, cross-border, check)
Lending and deposit products
Onboarding, support and training services

What is BILL worth?

On an owner-earnings DCF, BILL's most-likely value is about $138 versus a recent price near $45 (209% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$42) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.

Verdict: Fairly priced — no edge

Owner-earnings fair value · recent price ≈ $45

Fair value (most likely)

$138

Range

$76–$359

No-growth floor

$42

Price

~$45

Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.

Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →

Sector Technology Industry Software - Application HQ United States Ticker BILL Official site

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