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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and LendingClub Corp (LC). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $252.3M, roughly 1.6× LendingClub Corp). LendingClub Corp runs the higher net margin — 20.5% vs -0.6%, a 21.1% gap on every dollar of revenue. On growth, LendingClub Corp posted the faster year-over-year revenue change (15.9% vs 14.4%). Over the past eight quarters, LendingClub Corp's revenue compounded faster (16.1% 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.
LendingClub Corporation is an American financial services company headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015.
BILL vs LC — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $252.3M |
| Net Profit | $-2.6M | $51.6M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | — |
| Net Margin | -0.6% | 20.5% |
| Revenue YoY | 14.4% | 15.9% |
| Net Profit YoY | -107.7% | 341.0% |
| EPS (diluted) | $-0.03 | $0.44 |
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.
| Q1 26 | — | $252.3M | ||
| Q4 25 | $414.7M | $266.5M | ||
| Q3 25 | $395.7M | $266.2M | ||
| Q2 25 | $383.3M | $248.4M | ||
| Q1 25 | $358.2M | $217.7M | ||
| Q4 24 | $362.6M | $217.2M | ||
| Q3 24 | $358.4M | $201.9M | ||
| Q2 24 | $343.7M | $187.2M |
| Q1 26 | — | $51.6M | ||
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-3.0M | $44.3M | ||
| Q2 25 | $-7.1M | $38.2M | ||
| Q1 25 | $-11.6M | $11.7M | ||
| Q4 24 | $33.5M | — | ||
| Q3 24 | $8.9M | $14.5M | ||
| Q2 24 | $7.6M | $14.9M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -4.4% | 18.8% | ||
| Q3 25 | -5.2% | 21.5% | ||
| Q2 25 | -5.8% | 21.7% | ||
| Q1 25 | -8.1% | 7.2% | ||
| Q4 24 | -6.0% | 5.1% | ||
| Q3 24 | -2.1% | 8.9% | ||
| Q2 24 | -6.5% | 10.4% |
| Q1 26 | — | 20.5% | ||
| Q4 25 | -0.6% | — | ||
| Q3 25 | -0.7% | 16.6% | ||
| Q2 25 | -1.8% | 15.4% | ||
| Q1 25 | -3.2% | 5.4% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 2.5% | 7.2% | ||
| Q2 24 | 2.2% | 8.0% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $-0.03 | $0.36 | ||
| Q3 25 | $-0.03 | $0.37 | ||
| Q2 25 | $0.02 | $0.33 | ||
| Q1 25 | $-0.11 | $0.10 | ||
| Q4 24 | $-0.06 | $0.08 | ||
| Q3 24 | $0.08 | $0.13 | ||
| Q2 24 | $0.37 | $0.13 |
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 | — |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | $1.5B |
| Total Assets | $10.1B | $11.9B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $853.5M | — | ||
| Q2 24 | $985.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $0 | ||
| Q3 25 | $1.9B | $0 | ||
| Q2 25 | $1.7B | $0 | ||
| Q1 25 | $1.7B | $0 | ||
| Q4 24 | $1.7B | $0 | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $3.8B | $1.5B | ||
| Q3 25 | $3.9B | $1.5B | ||
| Q2 25 | $3.9B | $1.4B | ||
| Q1 25 | $3.9B | $1.4B | ||
| Q4 24 | $3.8B | $1.3B | ||
| Q3 24 | $4.0B | $1.3B | ||
| Q2 24 | $4.1B | $1.3B |
| Q1 26 | — | $11.9B | ||
| Q4 25 | $10.1B | $11.6B | ||
| Q3 25 | $10.2B | $11.1B | ||
| Q2 25 | $10.1B | $10.8B | ||
| Q1 25 | $9.6B | $10.5B | ||
| Q4 24 | $9.7B | $10.6B | ||
| Q3 24 | $9.0B | $11.0B | ||
| Q2 24 | $9.2B | $9.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.48× | 0.00× | ||
| Q3 25 | 0.48× | 0.00× | ||
| Q2 25 | 0.44× | 0.00× | ||
| Q1 25 | 0.43× | 0.00× | ||
| Q4 24 | 0.44× | 0.00× | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.22× | — |
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 | — |
| Free Cash FlowOCF − Capex | $103.8M | — |
| FCF MarginFCF / Revenue | 25.0% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $105.3M | $-2.7B | ||
| Q3 25 | $96.9M | $-770.8M | ||
| Q2 25 | $83.8M | $-713.1M | ||
| Q1 25 | $99.5M | $-339.3M | ||
| Q4 24 | $78.7M | $-2.6B | ||
| Q3 24 | $88.6M | $-669.8M | ||
| Q2 24 | $78.6M | $-932.5M |
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | $-2.9B | ||
| Q3 25 | $95.6M | $-791.8M | ||
| Q2 25 | $81.0M | $-803.8M | ||
| Q1 25 | $98.4M | $-352.3M | ||
| Q4 24 | $78.3M | $-2.7B | ||
| Q3 24 | $88.6M | $-682.3M | ||
| Q2 24 | $78.4M | $-945.3M |
| Q1 26 | — | — | ||
| Q4 25 | 25.0% | -1076.0% | ||
| Q3 25 | 24.1% | -297.4% | ||
| Q2 25 | 21.1% | -323.5% | ||
| Q1 25 | 27.5% | -161.8% | ||
| Q4 24 | 21.6% | -1237.8% | ||
| Q3 24 | 24.7% | -338.0% | ||
| Q2 24 | 22.8% | -504.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 52.7% | ||
| Q3 25 | 0.3% | 7.9% | ||
| Q2 25 | 0.7% | 36.5% | ||
| Q1 25 | 0.3% | 6.0% | ||
| Q4 24 | 0.1% | 25.0% | ||
| Q3 24 | 0.0% | 6.2% | ||
| Q2 24 | 0.1% | 6.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -17.41× | ||
| Q2 25 | — | -18.68× | ||
| Q1 25 | — | -29.07× | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | -46.33× | ||
| Q2 24 | 10.35× | -62.57× |
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% |
LC
Segment breakdown not available.
