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| Date | Value |
|---|---|
| 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 |