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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and FirstCash Holdings, Inc. (FCFS). Click either name above to swap in a different company.
FirstCash Holdings, Inc. is the larger business by last-quarter revenue ($501.3M vs $414.7M, roughly 1.2× BILL Holdings, Inc.). FirstCash Holdings, Inc. runs the higher net margin — 20.8% vs -0.6%, a 21.4% gap on every dollar of revenue. On growth, FirstCash Holdings, Inc. posted the faster year-over-year revenue change (21.2% vs 14.4%). Over the past eight quarters, FirstCash Holdings, Inc.'s revenue compounded faster (16.9% 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.
FirstCash Holdings, Inc. is an American pawnshop company headquartered in Fort Worth, Texas which operates retail pawn stores in the U.S. and Latin America. It is a publicly traded company listed on the Nasdaq stock exchange.
BILL vs FCFS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $501.3M |
| Net Profit | $-2.6M | $104.2M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | 28.5% |
| Net Margin | -0.6% | 20.8% |
| Revenue YoY | 14.4% | 21.2% |
| Net Profit YoY | -107.7% | 24.7% |
| EPS (diluted) | $-0.03 | $2.35 |
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 | $501.3M | ||
| Q3 25 | $395.7M | $411.0M | ||
| Q2 25 | $383.3M | $385.1M | ||
| Q1 25 | $358.2M | $371.1M | ||
| Q4 24 | $362.6M | $413.7M | ||
| Q3 24 | $358.4M | $363.1M | ||
| Q2 24 | $343.7M | $363.5M | ||
| Q1 24 | $323.0M | $366.8M |
| Q4 25 | $-2.6M | $104.2M | ||
| Q3 25 | $-3.0M | $82.8M | ||
| Q2 25 | $-7.1M | $59.8M | ||
| Q1 25 | $-11.6M | $83.6M | ||
| Q4 24 | $33.5M | $83.5M | ||
| Q3 24 | $8.9M | $64.8M | ||
| Q2 24 | $7.6M | $49.1M | ||
| Q1 24 | $31.8M | $61.4M |
| Q4 25 | 79.8% | — | ||
| Q3 25 | 80.5% | — | ||
| Q2 25 | 80.8% | — | ||
| Q1 25 | 81.2% | — | ||
| Q4 24 | 81.6% | — | ||
| Q3 24 | 82.0% | — | ||
| Q2 24 | 81.0% | — | ||
| Q1 24 | 83.0% | — |
| Q4 25 | -4.4% | 28.5% | ||
| Q3 25 | -5.2% | 27.4% | ||
| Q2 25 | -5.8% | 21.1% | ||
| Q1 25 | -8.1% | 30.0% | ||
| Q4 24 | -6.0% | 26.5% | ||
| Q3 24 | -2.1% | 23.5% | ||
| Q2 24 | -6.5% | 18.2% | ||
| Q1 24 | -8.6% | 22.3% |
| Q4 25 | -0.6% | 20.8% | ||
| Q3 25 | -0.7% | 20.1% | ||
| Q2 25 | -1.8% | 15.5% | ||
| Q1 25 | -3.2% | 22.5% | ||
| Q4 24 | 9.3% | 20.2% | ||
| Q3 24 | 2.5% | 17.9% | ||
| Q2 24 | 2.2% | 13.5% | ||
| Q1 24 | 9.8% | 16.7% |
| Q4 25 | $-0.03 | $2.35 | ||
| Q3 25 | $-0.03 | $1.86 | ||
| Q2 25 | $0.02 | $1.34 | ||
| Q1 25 | $-0.11 | $1.87 | ||
| Q4 24 | $-0.06 | $1.86 | ||
| Q3 24 | $0.08 | $1.44 | ||
| Q2 24 | $0.37 | $1.08 | ||
| Q1 24 | $0.00 | $1.35 |
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 | $125.2M |
| Total DebtLower is stronger | $1.8B | $2.2B |
| Stockholders' EquityBook value | $3.8B | $2.3B |
| Total Assets | $10.1B | $5.3B |
| Debt / EquityLower = less leverage | 0.48× | 0.98× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $125.2M | ||
| Q3 25 | $1.1B | $130.2M | ||
| Q2 25 | $1.0B | $101.5M | ||
| Q1 25 | $1.0B | $146.0M | ||
| Q4 24 | $1.6B | $175.1M | ||
| Q3 24 | $853.5M | $106.3M | ||
| Q2 24 | $985.9M | $113.7M | ||
| Q1 24 | $952.5M | $135.1M |
| Q4 25 | $1.8B | $2.2B | ||
| Q3 25 | $1.9B | $2.2B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.7B | $1.7B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $914.8M | $1.7B | ||
| Q2 24 | $914.0M | $1.7B | ||
| Q1 24 | $1.1B | $1.5B |
| Q4 25 | $3.8B | $2.3B | ||
| Q3 25 | $3.9B | $2.2B | ||
| Q2 25 | $3.9B | $2.1B | ||
| Q1 25 | $3.9B | $2.1B | ||
| Q4 24 | $3.8B | $2.1B | ||
| Q3 24 | $4.0B | $2.0B | ||
| Q2 24 | $4.1B | $2.0B | ||
| Q1 24 | $4.1B | $2.0B |
| Q4 25 | $10.1B | $5.3B | ||
| Q3 25 | $10.2B | $5.2B | ||
| Q2 25 | $10.1B | $4.5B | ||
| Q1 25 | $9.6B | $4.4B | ||
| Q4 24 | $9.7B | $4.5B | ||
| Q3 24 | $9.0B | $4.4B | ||
| Q2 24 | $9.2B | $4.3B | ||
| Q1 24 | $9.1B | $4.2B |
| Q4 25 | 0.48× | 0.98× | ||
| Q3 25 | 0.48× | 1.01× | ||
| Q2 25 | 0.44× | 0.79× | ||
| Q1 25 | 0.43× | 0.83× | ||
| Q4 24 | 0.44× | 0.85× | ||
| Q3 24 | 0.23× | 0.87× | ||
| Q2 24 | 0.22× | 0.85× | ||
| Q1 24 | 0.28× | 0.75× |
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 | $206.6M |
| Free Cash FlowOCF − Capex | $103.8M | — |
| FCF MarginFCF / Revenue | 25.0% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | 1.98× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $206.6M | ||
| Q3 25 | $96.9M | $135.8M | ||
| Q2 25 | $83.8M | $116.9M | ||
| Q1 25 | $99.5M | $126.6M | ||
| Q4 24 | $78.7M | $198.1M | ||
| Q3 24 | $88.6M | $113.1M | ||
| Q2 24 | $78.6M | $106.2M | ||
| Q1 24 | $66.8M | $122.5M |
| Q4 25 | $103.8M | — | ||
| Q3 25 | $95.6M | — | ||
| Q2 25 | $81.0M | — | ||
| Q1 25 | $98.4M | — | ||
| Q4 24 | $78.3M | — | ||
| Q3 24 | $88.6M | — | ||
| Q2 24 | $78.4M | — | ||
| Q1 24 | $66.8M | — |
| Q4 25 | 25.0% | — | ||
| Q3 25 | 24.1% | — | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | 27.5% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 24.7% | — | ||
| Q2 24 | 22.8% | — | ||
| Q1 24 | 20.7% | — |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | — | 1.98× | ||
| Q3 25 | — | 1.64× | ||
| Q2 25 | — | 1.95× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | 2.35× | 2.37× | ||
| Q3 24 | 9.94× | 1.74× | ||
| Q2 24 | 10.35× | 2.16× | ||
| Q1 24 | 2.10× | 2.00× |
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% |
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
