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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $414.7M, roughly 1.8× BILL Holdings, Inc.). SCANSOURCE, INC. runs the higher net margin — 2.2% vs -0.6%, a 2.8% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 2.5%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $28.9M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
BILL vs SCSC — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $766.5M |
| Net Profit | $-2.6M | $16.5M |
| Gross Margin | 79.8% | 13.4% |
| Operating Margin | -4.4% | 2.3% |
| Net Margin | -0.6% | 2.2% |
| Revenue YoY | 14.4% | 2.5% |
| Net Profit YoY | -107.7% | -3.3% |
| EPS (diluted) | $-0.03 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $395.7M | $739.6M | ||
| Q2 25 | $383.3M | $812.9M | ||
| Q1 25 | $358.2M | $704.8M | ||
| Q4 24 | $362.6M | $747.5M | ||
| Q3 24 | $358.4M | $775.6M | ||
| Q2 24 | $343.7M | $746.1M | ||
| Q1 24 | $323.0M | $752.6M |
| Q4 25 | $-2.6M | $16.5M | ||
| Q3 25 | $-3.0M | $19.9M | ||
| Q2 25 | $-7.1M | $20.1M | ||
| Q1 25 | $-11.6M | $17.4M | ||
| Q4 24 | $33.5M | $17.1M | ||
| Q3 24 | $8.9M | $17.0M | ||
| Q2 24 | $7.6M | $16.1M | ||
| Q1 24 | $31.8M | $12.8M |
| Q4 25 | 79.8% | 13.4% | ||
| Q3 25 | 80.5% | 14.5% | ||
| Q2 25 | 80.8% | 12.9% | ||
| Q1 25 | 81.2% | 14.2% | ||
| Q4 24 | 81.6% | 13.6% | ||
| Q3 24 | 82.0% | 13.1% | ||
| Q2 24 | 81.0% | 13.0% | ||
| Q1 24 | 83.0% | 12.6% |
| Q4 25 | -4.4% | 2.3% | ||
| Q3 25 | -5.2% | 3.5% | ||
| Q2 25 | -5.8% | 3.3% | ||
| Q1 25 | -8.1% | 3.2% | ||
| Q4 24 | -6.0% | 2.5% | ||
| Q3 24 | -2.1% | 2.3% | ||
| Q2 24 | -6.5% | 2.9% | ||
| Q1 24 | -8.6% | 2.3% |
| Q4 25 | -0.6% | 2.2% | ||
| Q3 25 | -0.7% | 2.7% | ||
| Q2 25 | -1.8% | 2.5% | ||
| Q1 25 | -3.2% | 2.5% | ||
| Q4 24 | 9.3% | 2.3% | ||
| Q3 24 | 2.5% | 2.2% | ||
| Q2 24 | 2.2% | 2.2% | ||
| Q1 24 | 9.8% | 1.7% |
| Q4 25 | $-0.03 | $0.75 | ||
| Q3 25 | $-0.03 | $0.89 | ||
| Q2 25 | $0.02 | $0.87 | ||
| Q1 25 | $-0.11 | $0.74 | ||
| Q4 24 | $-0.06 | $0.70 | ||
| Q3 24 | $0.08 | $0.69 | ||
| Q2 24 | $0.37 | $0.66 | ||
| Q1 24 | $0.00 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | $910.9M |
| Total Assets | $10.1B | $1.7B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $83.5M | ||
| Q3 25 | $1.1B | $124.9M | ||
| Q2 25 | $1.0B | $126.2M | ||
| Q1 25 | $1.0B | $146.3M | ||
| Q4 24 | $1.6B | $110.5M | ||
| Q3 24 | $853.5M | $145.0M | ||
| Q2 24 | $985.9M | $185.5M | ||
| Q1 24 | $952.5M | $159.1M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $3.8B | $910.9M | ||
| Q3 25 | $3.9B | $914.0M | ||
| Q2 25 | $3.9B | $906.4M | ||
| Q1 25 | $3.9B | $901.7M | ||
| Q4 24 | $3.8B | $900.7M | ||
| Q3 24 | $4.0B | $920.9M | ||
| Q2 24 | $4.1B | $924.3M | ||
| Q1 24 | $4.1B | $944.1M |
| Q4 25 | $10.1B | $1.7B | ||
| Q3 25 | $10.2B | $1.7B | ||
| Q2 25 | $10.1B | $1.8B | ||
| Q1 25 | $9.6B | $1.7B | ||
| Q4 24 | $9.7B | $1.7B | ||
| Q3 24 | $9.0B | $1.8B | ||
| Q2 24 | $9.2B | $1.8B | ||
| Q1 24 | $9.1B | $1.8B |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.28× | — |
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 | $30.8M |
| Free Cash FlowOCF − Capex | $103.8M | $28.9M |
| FCF MarginFCF / Revenue | 25.0% | 3.8% |
| Capex IntensityCapex / Revenue | 0.4% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $30.8M | ||
| Q3 25 | $96.9M | $23.2M | ||
| Q2 25 | $83.8M | — | ||
| Q1 25 | $99.5M | $66.1M | ||
| Q4 24 | $78.7M | $-6.2M | ||
| Q3 24 | $88.6M | $44.8M | ||
| Q2 24 | $78.6M | — | ||
| Q1 24 | $66.8M | $160.2M |
| Q4 25 | $103.8M | $28.9M | ||
| Q3 25 | $95.6M | $20.8M | ||
| Q2 25 | $81.0M | — | ||
| Q1 25 | $98.4M | $64.6M | ||
| Q4 24 | $78.3M | $-8.2M | ||
| Q3 24 | $88.6M | $42.5M | ||
| Q2 24 | $78.4M | — | ||
| Q1 24 | $66.8M | $157.7M |
| Q4 25 | 25.0% | 3.8% | ||
| Q3 25 | 24.1% | 2.8% | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | 27.5% | 9.2% | ||
| Q4 24 | 21.6% | -1.1% | ||
| Q3 24 | 24.7% | 5.5% | ||
| Q2 24 | 22.8% | — | ||
| Q1 24 | 20.7% | 21.0% |
| Q4 25 | 0.4% | 0.3% | ||
| Q3 25 | 0.3% | 0.3% | ||
| Q2 25 | 0.7% | 0.3% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.1% | 0.3% | ||
| Q3 24 | 0.0% | 0.3% | ||
| Q2 24 | 0.1% | 0.2% | ||
| Q1 24 | 0.0% | 0.3% |
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | 2.35× | -0.36× | ||
| Q3 24 | 9.94× | 2.64× | ||
| Q2 24 | 10.35× | — | ||
| Q1 24 | 2.10× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
