v3.26.1
Revenue
 12 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue REVENUE
The Company generates revenue primarily from subscription and transaction fees. For the purpose of disaggregating revenue by solutions, the Company defines BILL AP/AR as transaction and subscription revenue derived from businesses that use its core BILL accounts payable and receivable platform; BILL Spend and Expense as interchange revenue derived from BILL Divvy Card transactions; and Embedded Solutions and Other as transaction and subscription revenue from businesses that access the Company's solutions through its embedded partners' platforms and other indirect sales channels (including financial institution partners), and Invoice2go revenue. The table below shows the Company’s revenue from subscription and transaction fees, which are disaggregated by solutions, and revenue from interest on funds held for customers (in thousands).
June 30,
202620252024
BILL AP/AR$740,116 $667,782 $595,408 
BILL Spend and Expense675,552 555,016 457,309 
   Integrated platform1,415,668 1,222,798 1,052,717 
Embedded Solutions and Other89,081 78,006 70,016 
   Total subscription and transaction fees1,504,749 1,300,804 1,122,733 
Interest on funds held for customers148,411 161,766 167,439 
Total revenue (1)
$1,653,160 $1,462,570 $1,290,172 
(1) Total revenue includes interest on funds held for customers, accretion of discount, interest income on loans held for investment, and fees earned on acquired card receivables in the amount of $190.2 million, $195.4 million, and $184.0 million during the years ended June 30, 2026, 2025, and 2024, respectively, such revenue is excluded from the scope of ASC 606.
Deferred revenue
Fees from customers with which the Company has annual or multi-year contracts are generally billed in advance. These fees are initially recorded as deferred revenue and subsequently recognized as revenue as the performance obligation is satisfied. During the year ended June 30, 2026, the Company recognized $22.4 million of revenue that was included in the deferred revenue balances as of June 30, 2025.
Remaining performance obligations
The Company has performance obligations associated with commitments in customer contracts for future services that have not yet been recognized as revenue. As of June 30, 2026, the aggregate amount of transaction price allocated to performance obligations that are unsatisfied (or partially unsatisfied), including deferred revenue, was $55.6 million. Of the total remaining performance obligations, the Company expects to recognize approximately 62% over the next year, 27% between one to two years and 11% thereafter. The Company determines remaining performance obligations at a point in time based on contracts with customers. However, actual amounts and timing of revenue recognized may differ due to subsequent contract modifications, renewals and/or terminations.
Unbilled revenue
Unbilled revenue consists of revenue recognized that has not been billed to the customers yet. Unbilled revenue was $19.6 million and $17.3 million as of June 30, 2026 and 2025, respectively, and is included in accounts receivable, net in the accompanying consolidated balance sheets.
Deferred costs
Deferred costs consisted of the following as of the dates presented (in thousands):
June 30,
20262025
Deferred sales commissions:
Current$10,842 $10,094 
Non-current16,687 16,237 
Total deferred sales commissions$27,529 $26,331 
Deferred service costs:
Current$1,130 $627 
Non-current1,341 2,418 
Total deferred service costs$2,471 $3,045 
The current portion of deferred costs is included in prepaid expenses and other current assets and the non-current portion is included in other assets in the accompanying consolidated balance sheets. The amortization of deferred sales commissions, which is included in sales and marketing in the accompanying consolidated statements of operations, was $11.4 million, $9.7 million, and $7.9 million during the years ended June 30, 2026, 2025, and 2024, respectively. The amortization of deferred service costs, which is included in service costs in the accompanying consolidated statements of operations, was $0.9 million, $0.2 million, and $2.0 million during the years ended June 30, 2026, 2025, and 2024, respectively.