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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.
SouthState Bank Corp is the larger business by last-quarter revenue ($661.7M vs $414.7M, roughly 1.6× BILL Holdings, Inc.). SouthState Bank Corp runs the higher net margin — 34.1% vs -0.6%, a 34.8% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% 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.
SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.
BILL vs SSB — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $661.7M |
| Net Profit | $-2.6M | $225.8M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | 15.1% |
| Net Margin | -0.6% | 34.1% |
| Revenue YoY | 14.4% | — |
| Net Profit YoY | -107.7% | 153.5% |
| EPS (diluted) | $-0.03 | $2.28 |
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 | — | $661.7M | ||
| Q4 25 | $414.7M | $581.1M | ||
| Q3 25 | $395.7M | $599.7M | ||
| Q2 25 | $383.3M | $577.9M | ||
| Q1 25 | $358.2M | $544.5M | ||
| Q4 24 | $362.6M | $369.8M | ||
| Q3 24 | $358.4M | $351.5M | ||
| Q2 24 | $343.7M | $350.3M |
| Q1 26 | — | $225.8M | ||
| Q4 25 | $-2.6M | $247.7M | ||
| Q3 25 | $-3.0M | $246.6M | ||
| Q2 25 | $-7.1M | $215.2M | ||
| Q1 25 | $-11.6M | $89.1M | ||
| Q4 24 | $33.5M | $144.2M | ||
| Q3 24 | $8.9M | $143.2M | ||
| Q2 24 | $7.6M | $132.4M |
| 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 | — | 15.1% | ||
| Q4 25 | -4.4% | 54.3% | ||
| Q3 25 | -5.2% | 53.6% | ||
| Q2 25 | -5.8% | 48.8% | ||
| Q1 25 | -8.1% | 22.3% | ||
| Q4 24 | -6.0% | 50.7% | ||
| Q3 24 | -2.1% | 53.1% | ||
| Q2 24 | -6.5% | 49.3% |
| Q1 26 | — | 34.1% | ||
| Q4 25 | -0.6% | 42.6% | ||
| Q3 25 | -0.7% | 41.1% | ||
| Q2 25 | -1.8% | 37.2% | ||
| Q1 25 | -3.2% | 16.4% | ||
| Q4 24 | 9.3% | 39.0% | ||
| Q3 24 | 2.5% | 40.7% | ||
| Q2 24 | 2.2% | 37.8% |
| Q1 26 | — | $2.28 | ||
| Q4 25 | $-0.03 | $2.47 | ||
| Q3 25 | $-0.03 | $2.42 | ||
| Q2 25 | $0.02 | $2.11 | ||
| Q1 25 | $-0.11 | $0.87 | ||
| Q4 24 | $-0.06 | $1.88 | ||
| Q3 24 | $0.08 | $1.86 | ||
| Q2 24 | $0.37 | $1.73 |
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 | $2.9B |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | $9.0B |
| Total Assets | $10.1B | $68.0B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.9B | ||
| 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 | — | ||
| 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 26 | — | $9.0B | ||
| Q4 25 | $3.8B | $9.1B | ||
| Q3 25 | $3.9B | $9.0B | ||
| Q2 25 | $3.9B | $8.8B | ||
| Q1 25 | $3.9B | $8.6B | ||
| Q4 24 | $3.8B | $5.9B | ||
| Q3 24 | $4.0B | $5.9B | ||
| Q2 24 | $4.1B | $5.7B |
| Q1 26 | — | $68.0B | ||
| Q4 25 | $10.1B | $67.2B | ||
| Q3 25 | $10.2B | $66.0B | ||
| Q2 25 | $10.1B | $65.9B | ||
| Q1 25 | $9.6B | $65.1B | ||
| Q4 24 | $9.7B | $46.4B | ||
| Q3 24 | $9.0B | $46.1B | ||
| Q2 24 | $9.2B | $45.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $232.1M | ||
| Q3 25 | $96.9M | $122.4M | ||
| Q2 25 | $83.8M | $72.6M | ||
| Q1 25 | $99.5M | $-126.3M | ||
| Q4 24 | $78.7M | $354.3M | ||
| Q3 24 | $88.6M | $-246.8M | ||
| Q2 24 | $78.6M | $126.8M |
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | $215.5M | ||
| Q3 25 | $95.6M | $101.7M | ||
| Q2 25 | $81.0M | $52.5M | ||
| Q1 25 | $98.4M | $-139.1M | ||
| Q4 24 | $78.3M | $340.9M | ||
| Q3 24 | $88.6M | $-254.2M | ||
| Q2 24 | $78.4M | $117.3M |
| Q1 26 | — | — | ||
| Q4 25 | 25.0% | 37.1% | ||
| Q3 25 | 24.1% | 17.0% | ||
| Q2 25 | 21.1% | 9.1% | ||
| Q1 25 | 27.5% | -25.5% | ||
| Q4 24 | 21.6% | 92.2% | ||
| Q3 24 | 24.7% | -72.3% | ||
| Q2 24 | 22.8% | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 2.9% | ||
| Q3 25 | 0.3% | 3.5% | ||
| Q2 25 | 0.7% | 3.5% | ||
| Q1 25 | 0.3% | 2.4% | ||
| Q4 24 | 0.1% | 3.6% | ||
| Q3 24 | 0.0% | 2.1% | ||
| Q2 24 | 0.1% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | -1.42× | ||
| Q4 24 | 2.35× | 2.46× | ||
| Q3 24 | 9.94× | -1.72× | ||
| Q2 24 | 10.35× | 0.96× |
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
