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BILL Holdings, Inc.（BILL）与FactSet（FDS）财务数据对比。点击上方公司名可切换其他公司
FactSet的季度营收约是BILL Holdings, Inc.的1.5倍（$607.6M vs $414.7M），FactSet净利率更高（25.1% vs -0.6%，领先25.7%），BILL Holdings, Inc.同比增速更快（14.4% vs 6.9%），BILL Holdings, Inc.自由现金流更多（$103.8M vs $90.4M），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% vs 5.5%）
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。
FactSet是总部位于美国康涅狄格州诺沃克的金融数据与软件企业，为客户提供一体化数据及软件解决方案。2024财年，公司年度订阅价值与专业服务营收合计22亿美元，当前总市值约170亿美元。
BILL vs FDS — 直观对比
营收规模更大
FDS
是对方的1.5倍
$414.7M
营收增速更快
BILL
高出7.5%
6.9%
净利率更高
FDS
高出25.7%
-0.6%
自由现金流更多
BILL
多$13.4M
$90.4M
两年增速更快
BILL
近两年复合增速
5.5%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $607.6M |
| 净利润 | $-2.6M | $152.6M |
| 毛利率 | 79.8% | 52.6% |
| 营业利润率 | -4.4% | 31.6% |
| 净利率 | -0.6% | 25.1% |
| 营收同比 | 14.4% | 6.9% |
| 净利润同比 | -107.7% | 1.7% |
| 每股收益（稀释后） | $-0.03 | $4.06 |
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BILLFDS
| Q4 25 | $414.7M | $607.6M | ||
| Q3 25 | $395.7M | $596.9M | ||
| Q2 25 | $383.3M | $585.5M | ||
| Q1 25 | $358.2M | $570.7M | ||
| Q4 24 | $362.6M | $568.7M | ||
| Q3 24 | $358.4M | $562.2M | ||
| Q2 24 | $343.7M | $552.7M | ||
| Q1 24 | $323.0M | $545.9M |
净利润BILLFDS
| Q4 25 | $-2.6M | $152.6M | ||
| Q3 25 | $-3.0M | $153.6M | ||
| Q2 25 | $-7.1M | $148.5M | ||
| Q1 25 | $-11.6M | $144.9M | ||
| Q4 24 | $33.5M | $150.0M | ||
| Q3 24 | $8.9M | $89.5M | ||
| Q2 24 | $7.6M | $158.1M | ||
| Q1 24 | $31.8M | $140.9M |
毛利率BILLFDS
| Q4 25 | 79.8% | 52.6% | ||
| Q3 25 | 80.5% | 51.6% | ||
| Q2 25 | 80.8% | 52.1% | ||
| Q1 25 | 81.2% | 52.8% | ||
| Q4 24 | 81.6% | 54.5% | ||
| Q3 24 | 82.0% | 54.1% | ||
| Q2 24 | 81.0% | 55.3% | ||
| Q1 24 | 83.0% | 53.3% |
营业利润率BILLFDS
| Q4 25 | -4.4% | 31.6% | ||
| Q3 25 | -5.2% | 29.7% | ||
| Q2 25 | -5.8% | 33.2% | ||
| Q1 25 | -8.1% | 32.5% | ||
| Q4 24 | -6.0% | 33.6% | ||
| Q3 24 | -2.1% | 22.7% | ||
| Q2 24 | -6.5% | 36.6% | ||
| Q1 24 | -8.6% | 33.3% |
净利率BILLFDS
| Q4 25 | -0.6% | 25.1% | ||
| Q3 25 | -0.7% | 25.7% | ||
| Q2 25 | -1.8% | 25.4% | ||
| Q1 25 | -3.2% | 25.4% | ||
| Q4 24 | 9.3% | 26.4% | ||
| Q3 24 | 2.5% | 15.9% | ||
| Q2 24 | 2.2% | 28.6% | ||
| Q1 24 | 9.8% | 25.8% |
每股收益（稀释后）BILLFDS
| Q4 25 | $-0.03 | $4.06 | ||
| Q3 25 | $-0.03 | $4.03 | ||
| Q2 25 | $0.02 | $3.87 | ||
| Q1 25 | $-0.11 | $3.76 | ||
| Q4 24 | $-0.06 | $3.89 | ||
| Q3 24 | $0.08 | $2.33 | ||
| Q2 24 | $0.37 | $4.09 | ||
| Q1 24 | $0.00 | $3.65 |
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 | $292.7M |
| 总债务越低越好 | $1.8B | $1.4B |
| 股东权益账面价值 | $3.8B | $2.2B |
| 总资产 | $10.1B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资BILLFDS
| Q4 25 | $1.1B | $292.7M | ||
| Q3 25 | $1.1B | $355.1M | ||
| Q2 25 | $1.0B | $364.0M | ||
| Q1 25 | $1.0B | $287.0M | ||
| Q4 24 | $1.6B | $358.8M | ||
| Q3 24 | $853.5M | $492.6M | ||
| Q2 24 | $985.9M | $522.0M | ||
| Q1 24 | $952.5M | $450.2M |
总债务BILLFDS
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.7B | $1.5B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $914.8M | $1.4B | ||
| Q2 24 | $914.0M | $1.4B | ||
| Q1 24 | $1.1B | $1.5B |
股东权益BILLFDS
| Q4 25 | $3.8B | $2.2B | ||
| Q3 25 | $3.9B | $2.2B | ||
| Q2 25 | $3.9B | $2.2B | ||
| Q1 25 | $3.9B | $2.1B | ||
| Q4 24 | $3.8B | $2.0B | ||
| Q3 24 | $4.0B | $1.9B | ||
| Q2 24 | $4.1B | $1.9B | ||
| Q1 24 | $4.1B | $1.8B |
总资产BILLFDS
| 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 | $4.0B | ||
| Q3 24 | $9.0B | $4.1B | ||
| Q2 24 | $9.2B | $4.0B | ||
| Q1 24 | $9.1B | $4.0B |
负债/权益比BILLFDS
| Q4 25 | 0.48× | 0.63× | ||
| Q3 25 | 0.48× | 0.63× | ||
| Q2 25 | 0.44× | 0.66× | ||
| Q1 25 | 0.43× | 0.72× | ||
| Q4 24 | 0.44× | 0.68× | ||
| Q3 24 | 0.23× | 0.71× | ||
| Q2 24 | 0.22× | 0.76× | ||
| Q1 24 | 0.28× | 0.83× |
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 | $121.3M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $90.4M |
| 自由现金流率自由现金流/营收 | 25.0% | 14.9% |
| 资本支出强度资本支出/营收 | 0.4% | 5.1% |
| 现金转化率经营现金流/净利润 | — | 0.79× |
| 过去12个月自由现金流最近4个季度 | $378.8M | $647.4M |
8季度趋势，按日历期对齐
经营现金流BILLFDS
| Q4 25 | $105.3M | $121.3M | ||
| Q3 25 | $96.9M | $212.1M | ||
| Q2 25 | $83.8M | $253.8M | ||
| Q1 25 | $99.5M | $174.0M | ||
| Q4 24 | $78.7M | $86.4M | ||
| Q3 24 | $88.6M | $163.2M | ||
| Q2 24 | $78.6M | $238.2M | ||
| Q1 24 | $66.8M | $143.8M |
自由现金流BILLFDS
| Q4 25 | $103.8M | $90.4M | ||
| Q3 25 | $95.6M | $178.1M | ||
| Q2 25 | $81.0M | $228.6M | ||
| Q1 25 | $98.4M | $150.2M | ||
| Q4 24 | $78.3M | $60.5M | ||
| Q3 24 | $88.6M | $137.2M | ||
| Q2 24 | $78.4M | $216.9M | ||
| Q1 24 | $66.8M | $121.9M |
自由现金流率BILLFDS
| Q4 25 | 25.0% | 14.9% | ||
| Q3 25 | 24.1% | 29.8% | ||
| Q2 25 | 21.1% | 39.0% | ||
| Q1 25 | 27.5% | 26.3% | ||
| Q4 24 | 21.6% | 10.6% | ||
| Q3 24 | 24.7% | 24.4% | ||
| Q2 24 | 22.8% | 39.2% | ||
| Q1 24 | 20.7% | 22.3% |
资本支出强度BILLFDS
| Q4 25 | 0.4% | 5.1% | ||
| Q3 25 | 0.3% | 5.7% | ||
| Q2 25 | 0.7% | 4.3% | ||
| Q1 25 | 0.3% | 4.2% | ||
| Q4 24 | 0.1% | 4.5% | ||
| Q3 24 | 0.0% | 4.6% | ||
| Q2 24 | 0.1% | 3.9% | ||
| Q1 24 | 0.0% | 4.0% |
现金转化率BILLFDS
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | 2.35× | 0.58× | ||
| Q3 24 | 9.94× | 1.82× | ||
| Q2 24 | 10.35× | 1.51× | ||
| Q1 24 | 2.10× | 1.02× |
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% |
FDS
| Americas Segment | $399.7M | 66% |
| EMEA Segment | $149.1M | 25% |
| Asia Pacific Segment | $62.2M | 10% |
