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BILL Holdings, Inc.（BILL）与Dayforce（DAY）财务数据对比。点击上方公司名可切换其他公司
Dayforce的季度营收约是BILL Holdings, Inc.的1.2倍（$481.6M vs $414.7M），BILL Holdings, Inc.净利率更高（-0.6% vs -40.9%，领先40.2%），BILL Holdings, Inc.同比增速更快（14.4% vs 9.5%），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% vs 9.8%）
BILL Holdings, Inc. 是总部位于美国加利福尼亚州圣何塞的企业，专注为美国小型企业提供自动化云原生财务运营软件。旗下Bill.com Connect是白标端到端支付自动化平台，可供金融机构接入其单点登录的线上企业银行生态中使用。
Dayforce前身为知名人力资源服务商Ceridian，是一家总部位于美国的人力资源软件及服务企业，面向各行业不同规模的客户提供覆盖薪酬核算、人员管理、考勤等多场景的HR SaaS产品及配套专业服务，助力企业提升人力资源运营效率。
BILL vs DAY — 直观对比
营收规模更大
DAY
是对方的1.2倍
$414.7M
营收增速更快
BILL
高出4.9%
9.5%
净利率更高
BILL
高出40.2%
-40.9%
两年增速更快
BILL
近两年复合增速
9.8%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $481.6M |
| 净利润 | $-2.6M | $-196.8M |
| 毛利率 | 79.8% | — |
| 营业利润率 | -4.4% | 6.3% |
| 净利率 | -0.6% | -40.9% |
| 营收同比 | 14.4% | 9.5% |
| 净利润同比 | -107.7% | -9940.0% |
| 每股收益（稀释后） | $-0.03 | $-1.23 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BILLDAY
| Q4 25 | $414.7M | — | ||
| Q3 25 | $395.7M | $481.6M | ||
| Q2 25 | $383.3M | $464.7M | ||
| Q1 25 | $358.2M | $481.8M | ||
| Q4 24 | $362.6M | $465.2M | ||
| Q3 24 | $358.4M | $440.0M | ||
| Q2 24 | $343.7M | $423.3M | ||
| Q1 24 | $323.0M | $431.5M |
净利润BILLDAY
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-3.0M | $-196.8M | ||
| Q2 25 | $-7.1M | $21.3M | ||
| Q1 25 | $-11.6M | $14.9M | ||
| Q4 24 | $33.5M | $10.8M | ||
| Q3 24 | $8.9M | $2.0M | ||
| Q2 24 | $7.6M | $-1.8M | ||
| Q1 24 | $31.8M | $7.1M |
毛利率BILLDAY
| Q4 25 | 79.8% | — | ||
| Q3 25 | 80.5% | — | ||
| Q2 25 | 80.8% | — | ||
| Q1 25 | 81.2% | — | ||
| Q4 24 | 81.6% | 47.0% | ||
| Q3 24 | 82.0% | 45.8% | ||
| Q2 24 | 81.0% | 44.1% | ||
| Q1 24 | 83.0% | 47.6% |
营业利润率BILLDAY
| Q4 25 | -4.4% | — | ||
| Q3 25 | -5.2% | 6.3% | ||
| Q2 25 | -5.8% | 9.1% | ||
| Q1 25 | -8.1% | 6.4% | ||
| Q4 24 | -6.0% | 6.1% | ||
| Q3 24 | -2.1% | 4.7% | ||
| Q2 24 | -6.5% | 3.3% | ||
| Q1 24 | -8.6% | 9.4% |
净利率BILLDAY
| Q4 25 | -0.6% | — | ||
| Q3 25 | -0.7% | -40.9% | ||
| Q2 25 | -1.8% | 4.6% | ||
| Q1 25 | -3.2% | 3.1% | ||
| Q4 24 | 9.3% | 2.3% | ||
| Q3 24 | 2.5% | 0.5% | ||
| Q2 24 | 2.2% | -0.4% | ||
| Q1 24 | 9.8% | 1.6% |
每股收益（稀释后）BILLDAY
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $-0.03 | $-1.23 | ||
| Q2 25 | $0.02 | $0.13 | ||
| Q1 25 | $-0.11 | $0.09 | ||
| Q4 24 | $-0.06 | $0.07 | ||
| Q3 24 | $0.08 | $0.01 | ||
| Q2 24 | $0.37 | $-0.01 | ||
| Q1 24 | $0.00 | $0.04 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.1B | $627.6M |
| 总债务越低越好 | $1.8B | $631.1M |
| 股东权益账面价值 | $3.8B | $2.7B |
| 总资产 | $10.1B | $8.7B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资BILLDAY
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $627.6M | ||
| Q2 25 | $1.0B | $625.2M | ||
| Q1 25 | $1.0B | $557.3M | ||
| Q4 24 | $1.6B | $579.7M | ||
| Q3 24 | $853.5M | $494.1M | ||
| Q2 24 | $985.9M | $465.4M | ||
| Q1 24 | $952.5M | $392.5M |
总债务BILLDAY
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | $631.1M | ||
| Q2 25 | $1.7B | $631.8M | ||
| Q1 25 | $1.7B | $632.4M | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $914.8M | $1.2B | ||
| Q2 24 | $914.0M | $1.2B | ||
| Q1 24 | $1.1B | $1.2B |
股东权益BILLDAY
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.9B | $2.7B | ||
| Q2 25 | $3.9B | $2.7B | ||
| Q1 25 | $3.9B | $2.6B | ||
| Q4 24 | $3.8B | $2.5B | ||
| Q3 24 | $4.0B | $2.6B | ||
| Q2 24 | $4.1B | $2.5B | ||
| Q1 24 | $4.1B | $2.4B |
总资产BILLDAY
| Q4 25 | $10.1B | — | ||
| Q3 25 | $10.2B | $8.7B | ||
| Q2 25 | $10.1B | $8.5B | ||
| Q1 25 | $9.6B | $9.5B | ||
| Q4 24 | $9.7B | $9.1B | ||
| Q3 24 | $9.0B | $8.1B | ||
| Q2 24 | $9.2B | $9.0B | ||
| Q1 24 | $9.1B | $10.8B |
负债/权益比BILLDAY
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | 0.23× | ||
| Q2 25 | 0.44× | 0.23× | ||
| Q1 25 | 0.43× | 0.24× | ||
| Q4 24 | 0.44× | 0.47× | ||
| Q3 24 | 0.23× | 0.47× | ||
| Q2 24 | 0.22× | 0.49× | ||
| Q1 24 | 0.28× | 0.50× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $105.3M | $31.2M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | — |
| 自由现金流率自由现金流/营收 | 25.0% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $378.8M | — |
8季度趋势，按日历期对齐
经营现金流BILLDAY
| Q4 25 | $105.3M | — | ||
| Q3 25 | $96.9M | $31.2M | ||
| Q2 25 | $83.8M | $112.7M | ||
| Q1 25 | $99.5M | $49.6M | ||
| Q4 24 | $78.7M | $81.0M | ||
| Q3 24 | $88.6M | $91.8M | ||
| Q2 24 | $78.6M | $99.2M | ||
| Q1 24 | $66.8M | $9.1M |
自由现金流BILLDAY
| Q4 25 | $103.8M | — | ||
| Q3 25 | $95.6M | — | ||
| Q2 25 | $81.0M | — | ||
| Q1 25 | $98.4M | — | ||
| Q4 24 | $78.3M | — | ||
| Q3 24 | $88.6M | — | ||
| Q2 24 | $78.4M | — | ||
| Q1 24 | $66.8M | — |
自由现金流率BILLDAY
| Q4 25 | 25.0% | — | ||
| Q3 25 | 24.1% | — | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | 27.5% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 24.7% | — | ||
| Q2 24 | 22.8% | — | ||
| Q1 24 | 20.7% | — |
资本支出强度BILLDAY
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.0% | — |
现金转化率BILLDAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 5.29× | ||
| Q1 25 | — | 3.33× | ||
| Q4 24 | 2.35× | 7.50× | ||
| Q3 24 | 9.94× | 45.90× | ||
| Q2 24 | 10.35× | — | ||
| Q1 24 | 2.10× | 1.28× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
