BILL Holdings (BILL) Research & Development (2018 - 2026)

BILL Holdings' (BILL) quarterly Research & Development came in at $153.2 million in Q1 2026, up 77.06% year-on-year from $86.5 million in Q1 2025, and down 1.42% quarter-over-quarter from $155.4 million in Q4 2025.

BILL Holdings (BILL) Research & Development (2018 - 2026) Analysis & Trends

BILL Holdings' Research & Development history runs 9 years deep, the most recent figure standing at $153.2 million for Q1 2026.

  • On a quarterly basis, Research & Development rose 77.06% year-over-year to $153.2 million in Q1 2026; TTM through Mar 2026 was $547.9 million, a 30.03% increase from a year earlier, with the FY2025 full-year figure at $340.1 million, down 28.94% from the prior year.
  • Research & Development retreated to $153.2 million in Q1 2026 per BILL's latest filing, from $155.4 million in the prior quarter.
  • Across five years, Research & Development topped out at $155.4 million in Q4 2025 and bottomed at $59.6 million in Q1 2022.
  • The 5-year median for Research & Development is $90.0 million (2025), against an average of $104.7 million.
  • Across the five-year window, Research & Development surged 167.65% in 2022 and retreated 29.26% in 2024, its largest moves.
  • Year by year, Research & Development stood at $78.9 million in 2022, then soared by 49.92% to $118.3 million in 2023, then decreased by 28.33% to $84.8 million in 2024, then soared by 83.34% to $155.4 million in 2025, then slipped by 1.42% to $153.2 million in 2026.
  • Per Business Quant, the three latest BILL Research & Development figures stand at $153.2 million (Q1 2026), $155.4 million (Q4 2025), and $149.2 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -1.99 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -37.02 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 496.00 Mn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 1.33 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 3.77 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 1.37 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 253.90 Mn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 588.95 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 508.44 Mn
10 BILL Holdings 4.10 Bn 1.92 Bn 331.86 Mn 153.23 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 153.23 Mn
Dec 31, 2025 155.44 Mn
Sep 30, 2025 149.22 Mn
Jun 30, 2025 90.05 Mn
Mar 31, 2025 86.54 Mn
Dec 31, 2024 84.78 Mn
Sep 30, 2024 126.32 Mn
Jun 30, 2024 123.73 Mn
Mar 31, 2024 81.59 Mn
Dec 31, 2023 118.31 Mn
Sep 30, 2023 89.07 Mn
Jun 30, 2023 81.84 Mn
Mar 31, 2023 115.35 Mn
Dec 31, 2022 78.91 Mn
Sep 30, 2022 118.63 Mn
Jun 30, 2022 66.91 Mn
Mar 31, 2022 59.65 Mn
Dec 31, 2021 51.38 Mn
Sep 30, 2021 53.63 Mn
Jun 30, 2021 28.95 Mn