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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and SS&C Technologies Holdings Inc (SSNC). Click either name above to swap in a different company.
SS&C Technologies Holdings Inc is the larger business by last-quarter revenue ($1.6B vs $414.7M, roughly 4.0× BILL Holdings, Inc.). SS&C Technologies Holdings Inc runs the higher net margin — 13.7% vs -0.6%, a 14.4% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 8.8%). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 6.5%).
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.
SS&C Technologies Holdings, Inc. is an American multinational holding company headquartered in Windsor, Connecticut, that sells software and software as a service to the financial services industry. The company has offices in the Americas, Europe, Asia, Africa and Australia.
BILL vs SSNC — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $1.6B |
| Net Profit | $-2.6M | $226.1M |
| Gross Margin | 79.8% | 48.7% |
| Operating Margin | -4.4% | 24.2% |
| Net Margin | -0.6% | 13.7% |
| Revenue YoY | 14.4% | 8.8% |
| Net Profit YoY | -107.7% | 6.2% |
| EPS (diluted) | $-0.03 | $0.91 |
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 | — | $1.6B | ||
| Q4 25 | $414.7M | $1.7B | ||
| Q3 25 | $395.7M | $1.6B | ||
| Q2 25 | $383.3M | $1.5B | ||
| Q1 25 | $358.2M | $1.5B | ||
| Q4 24 | $362.6M | $1.5B | ||
| Q3 24 | $358.4M | $1.5B | ||
| Q2 24 | $343.7M | $1.5B |
| Q1 26 | — | $226.1M | ||
| Q4 25 | $-2.6M | $193.1M | ||
| Q3 25 | $-3.0M | $210.0M | ||
| Q2 25 | $-7.1M | $180.8M | ||
| Q1 25 | $-11.6M | $213.0M | ||
| Q4 24 | $33.5M | $248.2M | ||
| Q3 24 | $8.9M | $164.4M | ||
| Q2 24 | $7.6M | $190.3M |
| Q1 26 | — | 48.7% | ||
| Q4 25 | 79.8% | 47.8% | ||
| Q3 25 | 80.5% | 47.7% | ||
| Q2 25 | 80.8% | 48.0% | ||
| Q1 25 | 81.2% | 49.3% | ||
| Q4 24 | 81.6% | 49.3% | ||
| Q3 24 | 82.0% | 48.0% | ||
| Q2 24 | 81.0% | 48.1% |
| Q1 26 | — | 24.2% | ||
| Q4 25 | -4.4% | 22.3% | ||
| Q3 25 | -5.2% | 23.3% | ||
| Q2 25 | -5.8% | 22.4% | ||
| Q1 25 | -8.1% | 23.6% | ||
| Q4 24 | -6.0% | 23.4% | ||
| Q3 24 | -2.1% | 22.2% | ||
| Q2 24 | -6.5% | 22.6% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | -0.6% | 11.7% | ||
| Q3 25 | -0.7% | 13.4% | ||
| Q2 25 | -1.8% | 11.8% | ||
| Q1 25 | -3.2% | 14.1% | ||
| Q4 24 | 9.3% | 16.2% | ||
| Q3 24 | 2.5% | 11.2% | ||
| Q2 24 | 2.2% | 13.1% |
| Q1 26 | — | $0.91 | ||
| Q4 25 | $-0.03 | $0.76 | ||
| Q3 25 | $-0.03 | $0.83 | ||
| Q2 25 | $0.02 | $0.72 | ||
| Q1 25 | $-0.11 | $0.84 | ||
| Q4 24 | $-0.06 | $0.98 | ||
| Q3 24 | $0.08 | $0.65 | ||
| Q2 24 | $0.37 | $0.75 |
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 | $420.9M |
| Total DebtLower is stronger | $1.8B | $7.4B |
| Stockholders' EquityBook value | $3.8B | $6.9B |
| Total Assets | $10.1B | $20.3B |
| Debt / EquityLower = less leverage | 0.48× | 1.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $420.9M | ||
| Q4 25 | $1.1B | $462.1M | ||
| Q3 25 | $1.1B | $388.3M | ||
| Q2 25 | $1.0B | $480.3M | ||
| Q1 25 | $1.0B | $515.0M | ||
| Q4 24 | $1.6B | $567.1M | ||
| Q3 24 | $853.5M | $694.7M | ||
| Q2 24 | $985.9M | $462.7M |
| Q1 26 | — | $7.4B | ||
| 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 | — | $6.9B | ||
| Q4 25 | $3.8B | $6.9B | ||
| Q3 25 | $3.9B | $6.9B | ||
| Q2 25 | $3.9B | $6.9B | ||
| Q1 25 | $3.9B | $6.8B | ||
| Q4 24 | $3.8B | $6.5B | ||
| Q3 24 | $4.0B | $6.8B | ||
| Q2 24 | $4.1B | $6.4B |
| Q1 26 | — | $20.3B | ||
| Q4 25 | $10.1B | $20.7B | ||
| Q3 25 | $10.2B | $19.5B | ||
| Q2 25 | $10.1B | $19.0B | ||
| Q1 25 | $9.6B | $20.4B | ||
| Q4 24 | $9.7B | $19.0B | ||
| Q3 24 | $9.0B | $18.4B | ||
| Q2 24 | $9.2B | $16.9B |
| Q1 26 | — | 1.08× | ||
| 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 | $299.7M |
| Free Cash FlowOCF − Capex | $103.8M | — |
| FCF MarginFCF / Revenue | 25.0% | — |
| Capex IntensityCapex / Revenue | 0.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | 1.33× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $299.7M | ||
| Q4 25 | $105.3M | $643.5M | ||
| Q3 25 | $96.9M | $456.2M | ||
| Q2 25 | $83.8M | $372.9M | ||
| Q1 25 | $99.5M | $272.2M | ||
| Q4 24 | $78.7M | $486.6M | ||
| Q3 24 | $88.6M | $336.6M | ||
| Q2 24 | $78.6M | $384.9M |
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | $633.0M | ||
| Q3 25 | $95.6M | $421.5M | ||
| Q2 25 | $81.0M | $350.0M | ||
| Q1 25 | $98.4M | $259.5M | ||
| Q4 24 | $78.3M | $466.9M | ||
| Q3 24 | $88.6M | $310.7M | ||
| Q2 24 | $78.4M | $374.9M |
| Q1 26 | — | — | ||
| Q4 25 | 25.0% | 38.3% | ||
| Q3 25 | 24.1% | 26.9% | ||
| Q2 25 | 21.1% | 22.8% | ||
| Q1 25 | 27.5% | 17.1% | ||
| Q4 24 | 21.6% | 30.5% | ||
| Q3 24 | 24.7% | 21.2% | ||
| Q2 24 | 22.8% | 25.8% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 0.4% | 0.6% | ||
| Q3 25 | 0.3% | 2.2% | ||
| Q2 25 | 0.7% | 1.5% | ||
| Q1 25 | 0.3% | 0.8% | ||
| Q4 24 | 0.1% | 1.3% | ||
| Q3 24 | 0.0% | 1.8% | ||
| Q2 24 | 0.1% | 0.7% |
| Q1 26 | — | 1.33× | ||
| Q4 25 | — | 3.33× | ||
| Q3 25 | — | 2.17× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | 2.35× | 1.96× | ||
| Q3 24 | 9.94× | 2.05× | ||
| Q2 24 | 10.35× | 2.02× |
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% |
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
