BILL Holdings (BILL) Research & Development (2018 - 2026)
BILL Holdings (BILL) posted quarterly Research & Development of $153.2 million for Q1 2026, up 77.06% year-over-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.
- In Q1 2026, Research & Development rose 77.06% year-over-year to $153.2 million; the TTM figure through Mar 2026 stood at $547.9 million (up 30.03% YoY), while the FY2025 annual figure was $340.1 million, down 28.94% from the prior year.
- Research & Development for Q1 2026 stood at $153.2 million, down from $155.4 million in the prior quarter.
- The five-year high for Research & Development was $155.4 million in Q4 2025, with the low 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.
- The sharpest annual moves came in 2022 and 2024: Research & Development surged 167.65% in 2022, then dropped 29.26% in 2024.
- BILL Holdings' Research & Development stood at $78.9 million in 2022, then surged by 49.92% to $118.3 million in 2023, then retreated by 28.33% to $84.8 million in 2024, then surged by 83.34% to $155.4 million in 2025, then decreased by 1.42% to $153.2 million in 2026.
- Business Quant data shows BILL's Research & Development at $153.2 million in Q1 2026, $155.4 million in Q4 2025, and $149.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | BILL Holdings | 4.96 Bn | 2.79 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 |