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BILL Holdings BILL Contract Liabilities and Refund Liability

Contract Liabilities and Refund Liability at other companies

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$4B+9.3%
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Other financials

Income statement

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Revenue$406.6M+13.5%
Gross profit$331.9M+14.0%
Operating income-$399.0K+98.6%
Net income$12.8M+210%
EPS (diluted)$0.12+209%

Balance sheet

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Cash & equivalents$3.4B+6.0%
Total debt$1.9B+6.3%
Total equity$3.8B-1.7%
Total assets$10.1B+4.6%

Cash flow

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Operating cash flow$102.7M+3.2%
CapEx$168.0K-85.4%
Free cash flow$102.5M+4.2%

Valuation

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Market cap$3.22B-19.0%

Profitability

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Gross margin80.7%-0.8pp
Operating margin-3.8%-0.9pp
Net margin-4.2%-1.9pp
FCF margin23.9%-0.2pp

Returns & leverage

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Return on equity-1.3%-0.6pp
Debt / equity0.5×0.0×
Current ratio1.7×0.0×

Where this comes from

Reported directly by BILL Holdings in its filing.

Tagged under the XBRL concept us-gaap:CustomerRefundLiabilityCurrent.

The official record: BILL Holdings’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is BILL Holdings's contract liabilities and refund liability?
BILL Holdings (BILL) reported contract liabilities and refund liability of $4B in Q1 2026.
How has BILL Holdings's contract liabilities and refund liability changed year-over-year?
BILL Holdings's contract liabilities and refund liability increased by 9.3% year-over-year, from $3.66B to $4B.
What is the long-term trend for BILL Holdings's contract liabilities and refund liability?
Over 4 years (2021 to 2025), BILL Holdings's contract liabilities and refund liability has grown at a 16.3% compound annual growth rate (CAGR), from $2.21B to $4.04B.
What does contract liabilities and refund liability mean?
This represents deferred revenue obligations for services not yet performed and estimated liabilities for potential customer refunds. It reflects the company's future performance obligations and the financial impact of potential service reversals. A growing balance often indicates strong sales momentum, while significant fluctuations may signal changes in customer churn or service delivery performance.