Form 8-K

8-K — BILL Holdings, Inc.

Accession: 0001628280-26-066002

Filed: 2026-10-15

Period: 2026-10-15

CIK: 0001786352

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — bill-20261015.htm (Primary)

EX-99.1 (bill-20261015xexx991.htm)

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8-K

8-K (Primary)

Filename: bill-20261015.htm · Sequence: 1

bill-20261015

6220 America Center Drive, Suite 100San JoseCalifornia0001786352FALSE00017863522026-10-152026-10-15

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

____________________________________

FORM 8-K

____________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 15, 2026

____________________________________

BILL Holdings, Inc.

(Exact name of Registrant as Specified in Its Charter)

____________________________________

Delaware 001-39149 83-2661725

(State or Other Jurisdiction

of Incorporation) (Commission File Number) (IRS Employer

Identification No.)

6220 America Center Drive, Suite 100

San Jose, California

95002

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, Including Area Code: (650) 621-7700

(Former Name or Former Address, if Changed Since Last Report)

____________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading

Symbol(s) Name of each exchange on which registered

Common Stock, $0.00001 par value BILL The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

Effective July 1, 2026, BILL Holdings, Inc. (the “Company”) voluntarily changed its accounting principle related to the presentation of rewards paid to spending businesses using its BILL Spend and Expense card products. Previously, the Company classified rewards as sales and marketing expenses within operating expenses. Under the new accounting principle, these rewards are classified as a reduction of interchange revenue within subscription and transaction fees. Beginning with the fiscal quarter ended September 30, 2026, the Company's financial information will reflect the impact of the change in accounting principle, with prior periods retrospectively adjusted.

The Company believes this change better reflects the economic substance of the Company’s BILL Spend and Expense card rewards program and aligns the Company’s financial reporting with the financial information used internally by the Company. Furthermore, the net presentation aligns the Company’s financial reporting with prevalent industry practice, enhancing comparability for investors and analysts. This change in classification has no impact on the Company’s operating income, net income/(loss), net income/(loss) per share, balance sheet, or cash flows for any period presented.

As a result of the new accounting principle and to enable a comparison between the information to be presented in the Company's upcoming earnings release with prior periods, the Company has furnished herewith as Exhibit 99.1 unaudited supplemental financial information that reflects the effects of the accounting principle change to its revenue, gross profit and operating expenses for each of the eight quarters in the Company’s fiscal years 2025 and 2026.

The information furnished under this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits.

Exhibit

Number

Description

99.1

BILL Holdings, Inc. Unaudited Historical Financial Information Retrospectively Adjusted for the Change in Accounting Principle.

104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

BILL HOLDINGS, INC.

Date: October 15, 2026 By:

/s/ Rohini Jain

Rohini Jain

Chief Financial Officer

EX-99.1

Filename: bill-20261015xexx991.htm · Sequence: 2

Document

Exhibit 99.1

BILL HOLDINGS, INC.

SELECT HISTORICAL REVENUE AND COST INFORMATION

(Unaudited, in thousands)

Change in Accounting Principle

Effective July 1, 2026, BILL Holdings, Inc. (“we,” “us,” or “our”) voluntarily changed our accounting principle related to the presentation of rewards paid to spending businesses using our BILL Spend and Expense card products. Previously, we classified rewards as sales and marketing expenses within operating expenses. Under the new accounting principle, these rewards are classified as a reduction of revenue within subscription and transaction fees. Beginning with the fiscal quarter ended September 30, 2026, our financial information will reflect the impact of the change in accounting principle, with prior periods retrospectively adjusted.

We believe this change better reflects the economic substance of our BILL Spend and Expense card rewards program and aligns our financial reporting with the financial information used internally by us. Furthermore, the net presentation aligns our financial reporting with prevalent industry practice, enhancing comparability for investors and analysts. This change in classification has no impact on the operating income, net income/(loss), net income/(loss) per share, balance sheet, or cash flows for any period presented. The tables below reflect the effects of the accounting principle change to revenue, gross profit and operating expenses for each of the eight quarters in fiscal years 2025 and 2026.

Three months ended

September 30, 2024 Three months ended

December 31, 2024 Three months ended

March 31, 2025 Three months ended

June 30, 2025

As previously reported Effect of change As adjusted As previously reported Effect of change As adjusted As previously reported Effect of change As adjusted As previously reported Effect of change As adjusted

Revenue:

Subscription and transaction fees $ 314,943 $ (62,064) $ 252,879 $ 319,616 $ (64,748) $ 254,868 $ 320,298 $ (68,359) $ 251,939 $ 345,947 $ (76,819) $ 269,128

Total revenue 358,450 (62,064) 296,386 362,554 (64,748) 297,806 358,217 (68,359) 289,858 383,349 (76,819) 306,530

Gross profit 293,754 (62,064) 231,690 295,946 (64,748) 231,198 291,005 (68,359) 222,646 309,761 (76,819) 232,942

Operating expenses:

Sales and marketing 126,322 (62,064) 64,258 132,534 (64,748) 67,786 136,758 (68,359) 68,399 148,097 (76,819) 71,278

Total operating expenses $ 301,452 $ (62,064) $ 239,388 $ 317,656 $ (64,748) $ 252,908 $ 319,951 $ (68,359) $ 251,592 $ 332,010 $ (76,819) $ 255,191

Three months ended

September 30, 2025 Three months ended

December 31, 2025 Three months ended

March 31, 2026 Three months ended

June 30, 2026

Revenue:

Subscription and transaction fees $ 358,005 $ (81,291) $ 276,714 $ 375,128 $ (87,031) $ 288,097 $ 371,134 $ (85,279) $ 285,855 $ 400,482 $ (94,004) $ 306,478

Total revenue 395,741 (81,291) 314,450 414,671 (87,031) 327,640 406,563 (85,279) 321,284 436,186 (94,004) 342,182

Gross profit 318,738 (81,291) 237,447 331,083 (87,031) 244,052 331,855 (85,279) 246,576 356,191 (94,004) 262,187

Operating expenses:

Sales and marketing 149,216 (81,291) 67,925 155,439 (87,031) 68,408 153,226 (85,279) 67,947 158,331 (94,004) 64,327

Total operating expenses $ 339,457 $ (81,291) $ 258,166 $ 349,159 $ (87,031) $ 262,128 $ 332,254 $ (85,279) $ 246,975 $ 390,443 $ (94,004) $ 296,439

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