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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and EZCORP INC (EZPW). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $382.0M, roughly 1.1× EZCORP INC). EZCORP INC runs the higher net margin — 11.6% vs -0.6%, a 12.2% gap on every dollar of revenue. On growth, EZCORP INC posted the faster year-over-year revenue change (19.3% vs 14.4%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $31.7M). Over the past eight quarters, EZCORP INC's revenue compounded faster (15.6% CAGR vs 13.3%).
BILL Holdings, Inc. is an American company based in San Jose, California, that provides automated, cloud-based software for financial operations for small businesses in the United States. A white-labeled, end-to-end payments automation platform, Bill.com Connect is offered to financial institutions as part of their single sign-on online business banking ecosystem.
EZCORP, Inc. is an American pawn shop operator based in Austin, Texas which provides services across the United States and Latin America. It is a publicly traded company listed on the NASDAQ stock exchange and is the second largest pawn shop operator in the U.S. after Cash America International.
BILL vs EZPW — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $382.0M |
| Net Profit | $-2.6M | $44.3M |
| Gross Margin | 79.8% | 58.4% |
| Operating Margin | -4.4% | 15.9% |
| Net Margin | -0.6% | 11.6% |
| Revenue YoY | 14.4% | 19.3% |
| Net Profit YoY | -107.7% | 42.8% |
| EPS (diluted) | $-0.03 | $0.55 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $414.7M | $382.0M | ||
| Q3 25 | $395.7M | $336.8M | ||
| Q2 25 | $383.3M | $311.0M | ||
| Q1 25 | $358.2M | $306.3M | ||
| Q4 24 | $362.6M | $320.2M | ||
| Q3 24 | $358.4M | $294.6M | ||
| Q2 24 | $343.7M | $281.4M | ||
| Q1 24 | $323.0M | $285.6M |
| Q4 25 | $-2.6M | $44.3M | ||
| Q3 25 | $-3.0M | $26.7M | ||
| Q2 25 | $-7.1M | $26.5M | ||
| Q1 25 | $-11.6M | $25.4M | ||
| Q4 24 | $33.5M | $31.0M | ||
| Q3 24 | $8.9M | $15.2M | ||
| Q2 24 | $7.6M | $17.9M | ||
| Q1 24 | $31.8M | $21.5M |
| Q4 25 | 79.8% | 58.4% | ||
| Q3 25 | 80.5% | 59.0% | ||
| Q2 25 | 80.8% | 59.1% | ||
| Q1 25 | 81.2% | 58.3% | ||
| Q4 24 | 81.6% | 57.9% | ||
| Q3 24 | 82.0% | 59.5% | ||
| Q2 24 | 81.0% | 59.2% | ||
| Q1 24 | 83.0% | 58.7% |
| Q4 25 | -4.4% | 15.9% | ||
| Q3 25 | -5.2% | 11.0% | ||
| Q2 25 | -5.8% | 11.6% | ||
| Q1 25 | -8.1% | 11.2% | ||
| Q4 24 | -6.0% | 13.1% | ||
| Q3 24 | -2.1% | 8.8% | ||
| Q2 24 | -6.5% | 7.9% | ||
| Q1 24 | -8.6% | 9.6% |
| Q4 25 | -0.6% | 11.6% | ||
| Q3 25 | -0.7% | 7.9% | ||
| Q2 25 | -1.8% | 8.5% | ||
| Q1 25 | -3.2% | 8.3% | ||
| Q4 24 | 9.3% | 9.7% | ||
| Q3 24 | 2.5% | 5.2% | ||
| Q2 24 | 2.2% | 6.4% | ||
| Q1 24 | 9.8% | 7.5% |
| Q4 25 | $-0.03 | $0.55 | ||
| Q3 25 | $-0.03 | $0.35 | ||
| Q2 25 | $0.02 | $0.34 | ||
| Q1 25 | $-0.11 | $0.33 | ||
| Q4 24 | $-0.06 | $0.40 | ||
| Q3 24 | $0.08 | $0.20 | ||
| Q2 24 | $0.37 | $0.25 | ||
| Q1 24 | $0.00 | $0.29 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $465.9M |
| Total DebtLower is stronger | $1.8B | $518.6M |
| Stockholders' EquityBook value | $3.8B | $1.1B |
| Total Assets | $10.1B | $2.0B |
| Debt / EquityLower = less leverage | 0.48× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $465.9M | ||
| Q3 25 | $1.1B | $469.5M | ||
| Q2 25 | $1.0B | $472.1M | ||
| Q1 25 | $1.0B | $505.2M | ||
| Q4 24 | $1.6B | $174.5M | ||
| Q3 24 | $853.5M | $170.5M | ||
| Q2 24 | $985.9M | $218.0M | ||
| Q1 24 | $952.5M | $229.1M |
| Q4 25 | $1.8B | $518.6M | ||
| Q3 25 | $1.9B | $518.1M | ||
| Q2 25 | $1.7B | $517.6M | ||
| Q1 25 | $1.7B | $620.5M | ||
| Q4 24 | $1.7B | $327.7M | ||
| Q3 24 | $914.8M | $327.3M | ||
| Q2 24 | $914.0M | $361.3M | ||
| Q1 24 | $1.1B | $360.9M |
| Q4 25 | $3.8B | $1.1B | ||
| Q3 25 | $3.9B | $1.0B | ||
| Q2 25 | $3.9B | $990.1M | ||
| Q1 25 | $3.9B | $851.6M | ||
| Q4 24 | $3.8B | $823.9M | ||
| Q3 24 | $4.0B | $804.6M | ||
| Q2 24 | $4.1B | $801.5M | ||
| Q1 24 | $4.1B | $800.4M |
| Q4 25 | $10.1B | $2.0B | ||
| Q3 25 | $10.2B | $2.0B | ||
| Q2 25 | $10.1B | $1.9B | ||
| Q1 25 | $9.6B | $1.8B | ||
| Q4 24 | $9.7B | $1.5B | ||
| Q3 24 | $9.0B | $1.5B | ||
| Q2 24 | $9.2B | $1.5B | ||
| Q1 24 | $9.1B | $1.5B |
| Q4 25 | 0.48× | 0.48× | ||
| Q3 25 | 0.48× | 0.51× | ||
| Q2 25 | 0.44× | 0.52× | ||
| Q1 25 | 0.43× | 0.73× | ||
| Q4 24 | 0.44× | 0.40× | ||
| Q3 24 | 0.23× | 0.41× | ||
| Q2 24 | 0.22× | 0.45× | ||
| Q1 24 | 0.28× | 0.45× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $105.3M | $39.1M |
| Free Cash FlowOCF − Capex | $103.8M | $31.7M |
| FCF MarginFCF / Revenue | 25.0% | 8.3% |
| Capex IntensityCapex / Revenue | 0.4% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 0.88× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $121.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $39.1M | ||
| Q3 25 | $96.9M | $51.3M | ||
| Q2 25 | $83.8M | $34.8M | ||
| Q1 25 | $99.5M | $36.9M | ||
| Q4 24 | $78.7M | $26.0M | ||
| Q3 24 | $88.6M | $43.3M | ||
| Q2 24 | $78.6M | $33.7M | ||
| Q1 24 | $66.8M | $15.1M |
| Q4 25 | $103.8M | $31.7M | ||
| Q3 25 | $95.6M | $35.7M | ||
| Q2 25 | $81.0M | $25.7M | ||
| Q1 25 | $98.4M | $28.6M | ||
| Q4 24 | $78.3M | $20.4M | ||
| Q3 24 | $88.6M | $24.4M | ||
| Q2 24 | $78.4M | $30.5M | ||
| Q1 24 | $66.8M | $8.6M |
| Q4 25 | 25.0% | 8.3% | ||
| Q3 25 | 24.1% | 10.6% | ||
| Q2 25 | 21.1% | 8.3% | ||
| Q1 25 | 27.5% | 9.3% | ||
| Q4 24 | 21.6% | 6.4% | ||
| Q3 24 | 24.7% | 8.3% | ||
| Q2 24 | 22.8% | 10.8% | ||
| Q1 24 | 20.7% | 3.0% |
| Q4 25 | 0.4% | 2.0% | ||
| Q3 25 | 0.3% | 4.6% | ||
| Q2 25 | 0.7% | 2.9% | ||
| Q1 25 | 0.3% | 2.7% | ||
| Q4 24 | 0.1% | 1.8% | ||
| Q3 24 | 0.0% | 6.4% | ||
| Q2 24 | 0.1% | 1.1% | ||
| Q1 24 | 0.0% | 2.3% |
| Q4 25 | — | 0.88× | ||
| Q3 25 | — | 1.92× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 1.45× | ||
| Q4 24 | 2.35× | 0.84× | ||
| Q3 24 | 9.94× | 2.85× | ||
| Q2 24 | 10.35× | 1.88× | ||
| Q1 24 | 2.10× | 0.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
EZPW
| Merchandise | $210.1M | 55% |
| Pawn Service | $131.9M | 35% |
| Jewelry Scrap | $39.9M | 10% |
