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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and YELP INC (YELP). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $360.0M, roughly 1.2× YELP INC). YELP INC runs the higher net margin — 10.5% vs -0.6%, a 11.1% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs -0.5%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $72.3M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 4.0%).
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.
Yelp Inc. is an American company that develops the Yelp.com website and the Yelp mobile app, which publishes crowd-sourced reviews about businesses. It also operates Yelp Guest Manager, a table reservation service. It is headquartered in San Francisco.
BILL vs YELP — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $360.0M |
| Net Profit | $-2.6M | $37.8M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | 13.6% |
| Net Margin | -0.6% | 10.5% |
| Revenue YoY | 14.4% | -0.5% |
| Net Profit YoY | -107.7% | -10.5% |
| EPS (diluted) | $-0.03 | $0.60 |
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 | $360.0M | ||
| Q3 25 | $395.7M | $376.0M | ||
| Q2 25 | $383.3M | $370.4M | ||
| Q1 25 | $358.2M | $358.5M | ||
| Q4 24 | $362.6M | $362.0M | ||
| Q3 24 | $358.4M | $360.3M | ||
| Q2 24 | $343.7M | $357.0M | ||
| Q1 24 | $323.0M | $332.8M |
| Q4 25 | $-2.6M | $37.8M | ||
| Q3 25 | $-3.0M | $39.3M | ||
| Q2 25 | $-7.1M | $44.1M | ||
| Q1 25 | $-11.6M | $24.4M | ||
| Q4 24 | $33.5M | $42.2M | ||
| Q3 24 | $8.9M | $38.4M | ||
| Q2 24 | $7.6M | $38.0M | ||
| Q1 24 | $31.8M | $14.2M |
| 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 24 | 83.0% | — |
| Q4 25 | -4.4% | 13.6% | ||
| Q3 25 | -5.2% | 14.1% | ||
| Q2 25 | -5.8% | 14.4% | ||
| Q1 25 | -8.1% | 8.2% | ||
| Q4 24 | -6.0% | 14.8% | ||
| Q3 24 | -2.1% | 12.9% | ||
| Q2 24 | -6.5% | 11.1% | ||
| Q1 24 | -8.6% | 3.4% |
| Q4 25 | -0.6% | 10.5% | ||
| Q3 25 | -0.7% | 10.5% | ||
| Q2 25 | -1.8% | 11.9% | ||
| Q1 25 | -3.2% | 6.8% | ||
| Q4 24 | 9.3% | 11.7% | ||
| Q3 24 | 2.5% | 10.7% | ||
| Q2 24 | 2.2% | 10.7% | ||
| Q1 24 | 9.8% | 4.3% |
| Q4 25 | $-0.03 | $0.60 | ||
| Q3 25 | $-0.03 | $0.61 | ||
| Q2 25 | $0.02 | $0.67 | ||
| Q1 25 | $-0.11 | $0.36 | ||
| Q4 24 | $-0.06 | $0.58 | ||
| Q3 24 | $0.08 | $0.56 | ||
| Q2 24 | $0.37 | $0.54 | ||
| Q1 24 | $0.00 | $0.20 |
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 | $319.4M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | $710.9M |
| Total Assets | $10.1B | $958.5M |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $319.4M | ||
| Q3 25 | $1.1B | $333.6M | ||
| Q2 25 | $1.0B | $301.1M | ||
| Q1 25 | $1.0B | $324.4M | ||
| Q4 24 | $1.6B | $317.9M | ||
| Q3 24 | $853.5M | $397.0M | ||
| Q2 24 | $985.9M | $384.8M | ||
| Q1 24 | $952.5M | $420.8M |
| 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 | $710.9M | ||
| Q3 25 | $3.9B | $733.2M | ||
| Q2 25 | $3.9B | $746.4M | ||
| Q1 25 | $3.9B | $728.0M | ||
| Q4 24 | $3.8B | $744.0M | ||
| Q3 24 | $4.0B | $739.5M | ||
| Q2 24 | $4.1B | $735.3M | ||
| Q1 24 | $4.1B | $722.0M |
| Q4 25 | $10.1B | $958.5M | ||
| Q3 25 | $10.2B | $989.9M | ||
| Q2 25 | $10.1B | $980.2M | ||
| Q1 25 | $9.6B | $985.2M | ||
| Q4 24 | $9.7B | $983.6M | ||
| Q3 24 | $9.0B | $980.2M | ||
| Q2 24 | $9.2B | $965.0M | ||
| Q1 24 | $9.1B | $993.5M |
| 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 | $84.5M |
| Free Cash FlowOCF − Capex | $103.8M | $72.3M |
| FCF MarginFCF / Revenue | 25.0% | 20.1% |
| Capex IntensityCapex / Revenue | 0.4% | 3.4% |
| Cash ConversionOCF / Net Profit | — | 2.24× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $323.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $84.5M | ||
| Q3 25 | $96.9M | $131.5M | ||
| Q2 25 | $83.8M | $58.0M | ||
| Q1 25 | $99.5M | $98.0M | ||
| Q4 24 | $78.7M | $71.0M | ||
| Q3 24 | $88.6M | $102.3M | ||
| Q2 24 | $78.6M | $39.7M | ||
| Q1 24 | $66.8M | $72.9M |
| Q4 25 | $103.8M | $72.3M | ||
| Q3 25 | $95.6M | $118.9M | ||
| Q2 25 | $81.0M | $45.0M | ||
| Q1 25 | $98.4M | $87.5M | ||
| Q4 24 | $78.3M | $60.0M | ||
| Q3 24 | $88.6M | $92.5M | ||
| Q2 24 | $78.4M | $30.1M | ||
| Q1 24 | $66.8M | $65.9M |
| Q4 25 | 25.0% | 20.1% | ||
| Q3 25 | 24.1% | 31.6% | ||
| Q2 25 | 21.1% | 12.2% | ||
| Q1 25 | 27.5% | 24.4% | ||
| Q4 24 | 21.6% | 16.6% | ||
| Q3 24 | 24.7% | 25.7% | ||
| Q2 24 | 22.8% | 8.4% | ||
| Q1 24 | 20.7% | 19.8% |
| Q4 25 | 0.4% | 3.4% | ||
| Q3 25 | 0.3% | 3.3% | ||
| Q2 25 | 0.7% | 3.5% | ||
| Q1 25 | 0.3% | 2.9% | ||
| Q4 24 | 0.1% | 3.0% | ||
| Q3 24 | 0.0% | 2.7% | ||
| Q2 24 | 0.1% | 2.7% | ||
| Q1 24 | 0.0% | 2.1% |
| Q4 25 | — | 2.24× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 1.32× | ||
| Q1 25 | — | 4.02× | ||
| Q4 24 | 2.35× | 1.68× | ||
| Q3 24 | 9.94× | 2.66× | ||
| Q2 24 | 10.35× | 1.04× | ||
| Q1 24 | 2.10× | 5.15× |
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% |
YELP
| Advertising Services | $231.4M | 64% |
| Advertising Restaurants And Other | $106.8M | 30% |
| Other Revenue | $21.8M | 6% |
