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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $334.0M, roughly 1.2× WYNDHAM HOTELS & RESORTS, INC.). BILL Holdings, Inc. runs the higher net margin — -0.6% vs -18.0%, a 17.3% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $103.8M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
BILL vs WH — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $334.0M |
| Net Profit | $-2.6M | $-60.0M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | — |
| Net Margin | -0.6% | -18.0% |
| Revenue YoY | 14.4% | -76.3% |
| Net Profit YoY | -107.7% | -170.6% |
| EPS (diluted) | $-0.03 | $-0.80 |
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 | — | $334.0M | ||
| Q4 25 | $414.7M | $334.0M | ||
| Q3 25 | $395.7M | $382.0M | ||
| Q2 25 | $383.3M | $397.0M | ||
| Q1 25 | $358.2M | $316.0M | ||
| Q4 24 | $362.6M | $336.0M | ||
| Q3 24 | $358.4M | $396.0M | ||
| Q2 24 | $343.7M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $-2.6M | $-60.0M | ||
| Q3 25 | $-3.0M | $105.0M | ||
| Q2 25 | $-7.1M | $87.0M | ||
| Q1 25 | $-11.6M | $61.0M | ||
| Q4 24 | $33.5M | $85.0M | ||
| Q3 24 | $8.9M | $102.0M | ||
| Q2 24 | $7.6M | $86.0M |
| 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% | -11.4% | ||
| Q3 25 | -5.2% | 46.6% | ||
| Q2 25 | -5.8% | 37.8% | ||
| Q1 25 | -8.1% | 35.4% | ||
| Q4 24 | -6.0% | 38.4% | ||
| Q3 24 | -2.1% | 43.2% | ||
| Q2 24 | -6.5% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | -0.6% | -18.0% | ||
| Q3 25 | -0.7% | 27.5% | ||
| Q2 25 | -1.8% | 21.9% | ||
| Q1 25 | -3.2% | 19.3% | ||
| Q4 24 | 9.3% | 25.3% | ||
| Q3 24 | 2.5% | 25.8% | ||
| Q2 24 | 2.2% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $-0.03 | $-0.77 | ||
| Q3 25 | $-0.03 | $1.36 | ||
| Q2 25 | $0.02 | $1.13 | ||
| Q1 25 | $-0.11 | $0.78 | ||
| Q4 24 | $-0.06 | $1.06 | ||
| Q3 24 | $0.08 | $1.29 | ||
| Q2 24 | $0.37 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | $468.0M |
| Total Assets | $10.1B | $4.2B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $1.1B | $64.0M | ||
| Q3 25 | $1.1B | $70.0M | ||
| Q2 25 | $1.0B | $50.0M | ||
| Q1 25 | $1.0B | $48.0M | ||
| Q4 24 | $1.6B | $103.0M | ||
| Q3 24 | $853.5M | $72.0M | ||
| Q2 24 | $985.9M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $2.5B | ||
| Q3 25 | $1.9B | $2.6B | ||
| Q2 25 | $1.7B | $2.5B | ||
| Q1 25 | $1.7B | $2.5B | ||
| Q4 24 | $1.7B | $2.4B | ||
| Q3 24 | $914.8M | $2.4B | ||
| Q2 24 | $914.0M | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $3.8B | $468.0M | ||
| Q3 25 | $3.9B | $583.0M | ||
| Q2 25 | $3.9B | $570.0M | ||
| Q1 25 | $3.9B | $579.0M | ||
| Q4 24 | $3.8B | $650.0M | ||
| Q3 24 | $4.0B | $583.0M | ||
| Q2 24 | $4.1B | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $10.1B | $4.2B | ||
| Q3 25 | $10.2B | $4.3B | ||
| Q2 25 | $10.1B | $4.3B | ||
| Q1 25 | $9.6B | $4.2B | ||
| Q4 24 | $9.7B | $4.2B | ||
| Q3 24 | $9.0B | $4.2B | ||
| Q2 24 | $9.2B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.48× | 5.37× | ||
| Q3 25 | 0.48× | 4.43× | ||
| Q2 25 | 0.44× | 4.44× | ||
| Q1 25 | 0.43× | 4.29× | ||
| Q4 24 | 0.44× | 3.72× | ||
| Q3 24 | 0.23× | 4.19× | ||
| Q2 24 | 0.22× | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $103.8M | $168.0M |
| FCF MarginFCF / Revenue | 25.0% | 50.3% |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $105.3M | $152.0M | ||
| Q3 25 | $96.9M | $86.0M | ||
| Q2 25 | $83.8M | $70.0M | ||
| Q1 25 | $99.5M | $59.0M | ||
| Q4 24 | $78.7M | $134.0M | ||
| Q3 24 | $88.6M | $79.0M | ||
| Q2 24 | $78.6M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $103.8M | $136.0M | ||
| Q3 25 | $95.6M | $75.0M | ||
| Q2 25 | $81.0M | $58.0M | ||
| Q1 25 | $98.4M | $52.0M | ||
| Q4 24 | $78.3M | $109.0M | ||
| Q3 24 | $88.6M | $71.0M | ||
| Q2 24 | $78.4M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | 25.0% | 40.7% | ||
| Q3 25 | 24.1% | 19.6% | ||
| Q2 25 | 21.1% | 14.6% | ||
| Q1 25 | 27.5% | 16.5% | ||
| Q4 24 | 21.6% | 32.4% | ||
| Q3 24 | 24.7% | 17.9% | ||
| Q2 24 | 22.8% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 4.8% | ||
| Q3 25 | 0.3% | 2.9% | ||
| Q2 25 | 0.7% | 3.0% | ||
| Q1 25 | 0.3% | 2.2% | ||
| Q4 24 | 0.1% | 7.4% | ||
| Q3 24 | 0.0% | 2.0% | ||
| Q2 24 | 0.1% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | 2.35× | 1.58× | ||
| Q3 24 | 9.94× | 0.77× | ||
| Q2 24 | 10.35× | 0.01× |
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% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
