BILL Holdings (BILL) Research & Development (2018 - 2026)
BILL Holdings (BILL) recorded Research & Development of $63.09 million in fiscal Q4 2026 (quarter ended Jun 30, 2026), down 29.9% from $90.05 million a year earlier and down 15.2% from the prior quarter.
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Analysis
BILL Holdings (BILL) Research & Development (2018 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), BILL Holdings reported Research & Development of $300.57 million, down 11.6% from FY2025.
- Annual Research & Development has a five-year compound annual growth rate of 27.4% (FY2021 to FY2026).
- Across earlier fiscal years, Research & Development came in at $340.06 million in FY2025 (+1.0%), $336.75 million in FY2024 (+7.0%), $314.63 million in FY2023 (+43.1%) and $219.82 million in FY2022 (+145.6%).
- The fiscal Q4 2026 figure is the lowest quarterly Research & Development since fiscal Q3 2022.
- On a year-over-year basis, Research & Development has declined for three consecutive quarters, with an average decline of 4.8% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 167.7% in fiscal Q3 2022, against a decline of 29.9% in fiscal Q4 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $74.39 million (Q3 2026), $82.81 million (Q2 2026) and $80.29 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 192.51 Mn |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 2.40 Bn |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | -2.14 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 1.69 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 915.00 Mn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 265.90 Mn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 857.00 Mn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 23.10 Mn |
| 10 | BILL Holdings | 3.83 Bn | -4.84 Bn | 356.19 Mn | 63.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 63.09 Mn |
| Mar 31, 2026 | 74.39 Mn |
| Dec 31, 2025 | 82.81 Mn |
| Sep 30, 2025 | 80.29 Mn |
| Jun 30, 2025 | 90.05 Mn |
| Mar 31, 2025 | 86.54 Mn |
| Dec 31, 2024 | 84.78 Mn |
| Sep 30, 2024 | 78.69 Mn |
| Jun 30, 2024 | 79.61 Mn |
| Mar 31, 2024 | 81.59 Mn |
| Dec 31, 2023 | 86.49 Mn |
| Sep 30, 2023 | 89.07 Mn |
| Jun 30, 2023 | 81.84 Mn |
| Mar 31, 2023 | 78.76 Mn |
| Dec 31, 2022 | 78.91 Mn |
| Sep 30, 2022 | 75.12 Mn |
| Jun 30, 2022 | 66.91 Mn |
| Mar 31, 2022 | 59.65 Mn |
| Dec 31, 2021 | 51.38 Mn |
| Sep 30, 2021 | 41.88 Mn |
API Access
BILL Holdings Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=BILL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "BILL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=BILL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();