BILL Holdings, Inc.
For the period ended Dec 10, 2026. Filed Oct 27, 2026.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Dec 10, 2026 · Filed Oct 27, 2026
Contents
Pay-Versus-Performance Table
| Year(1) · SummaryCompensationTable Totalfor PEO($)(2) · CompensationActually Paidto PEO($)(3) · AverageSummaryCompensationTable Total forNon-PEONamed ExecutiveOfficers($)(2) · AverageCompensationActuallyPaid to Non-PEO NamedExecutiveOfficers($)(3) · Value of Initial Fixed $100Investment Based On: · Net Income($)(6) · Company-SelectedMeasure: CoreRevenue($)(7) | ||||||||
|---|---|---|---|---|---|---|---|---|
| TotalStockholderReturn($)(4) · Peer GroupTotalStockholderReturn($)(4,5) | ||||||||
| (a) | (b) | (c) | (d) | (e) | (f) | (g) | (h) | (i) |
| 2026 | 11,356,364 | 6,409,468 | 7,027,490 | 4,443,266 | 20 | 272 | (11,241,000) | 1,504,749,000 |
| 2025 | 16,139,836 | 14,284,040 | 10,702,582 | 9,995,878 | 25 | 198 | 23,799,000 | 1,300,803,534 |
| 2024 | 14,377,970 | (4,629,120) | 5,689,669 | (4,474,346) | 29 | 172 | (28,878,000) | 1,122,730,000 |
| 2023 | 17,721,164 | 18,224,752 | 7,715,493 | 7,289,711 | 64 | 121 | (223,725,000) | 944,710,000 |
| 2022 | 13,929,027 | 6,016,600 | 35,416,613 | 17,964,941 | 60 | 86 | (326,361,000) | 633,365,000 |
(1)During fiscal years 2022, 2023, 2024, 2025 and 2026 our principal executive officer (PEO) was René Lacerte. The names of each non-PEO Named Executive Officer included for purposes of calculating the average amounts of total compensation in each covered fiscal year are as follows:
| FY26 | FY25 | FY24 | FY23 | FY22 |
| John Rettig | John Rettig | John Rettig | John Rettig | John Rettig |
| Rohini Jain | Ken Moss | Rajesh Aji | Rajesh Aji | Bora Chung |
| Mike Cieri | Mary Kay Bowman | Loren Padelford | Bora Chung | Thomas Clayton |
| Mary Kay Bowman | Mike Cieri | Loren Padelford | Mark Lenhard | |
| Ken Moss | Blake Murray | |||
(2)The dollar amounts reported in columns (b) and (d) are the amounts reported for our PEO and the average of our non-PEO Named Executive Officers, respectively, for each corresponding year in the “Total” column in the Summary Compensation Table.
(3)The dollar amounts reported in columns (c) and (e) represent the amount of “compensation actually paid” to our PEO and non-PEO Named Executive Officers in each respective year. The dollar amounts do not reflect the actual amount of compensation earned or received during the applicable fiscal year. There are no material differences to the assumptions used to compute the valuation of the equity awards for calculation the “compensation actually paid” from the assumptions used to compute the valuation of such equity awards as of the grant date. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the total compensation of our PEO and non-PEO Named Executive Officers for fiscal 2026 to determine the “compensation actually paid” to each such period.
Table of Contents
| PEO: René Lacerte | ||
|---|---|---|
| Prior FYECurrent FYEFiscal Year | 06/30/202506/30/20262026 | |
| SCT Total | $11,356,364 | |
| - | Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year | ($10,074,514) |
| + | Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year | $5,702,217 |
| + | Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years | ($1,443,569) |
| + | Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year | $945,423 |
| + | Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year | ($76,452) |
| - | Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year | $0 |
| Compensation Actually Paid | $6,409,468 | |
| NEO | ||
|---|---|---|
| Prior FYECurrent FYEFiscal Year | 06/30/202506/30/20262026 | |
| SCT Total | $7,027,490 | |
| - | Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year | ($5,991,878) |
| + | Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year | $3,766,743 |
| + | Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years | ($877,317) |
| + | Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year | $643,197 |
| + | Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year | $124,970 |
| - | Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year | $0 |
| Compensation Actually Paid | $4,443,266 | |
(4)Company and Peer Group total stockholder return is calculated assuming that a $100 investment was made on the close of trading on June 30, 2021 and reinvesting all dividends until the last day of each reported fiscal year.
(5)The peer group used is the S&P 500 Information Technology Index, as used in the performance graph shown in our annual report.
(6)The dollar amounts represent the amount of net income (loss) reflected in our audited financial statements for each covered fiscal year.
(7)The company-selected metric is Core Revenue. Core Revenue growth continues to be viewed as a key metric of our business performance and aligned with long term stockholder value creation as reflected in its use in our Fiscal 2026 Bonus Program and fiscal 2026 financial PSU awards. We define Core Revenue as revenue generated by subscription and transaction fees.
Financial Performance Measures
The financial performance measures listed below (unranked) represent all of the financial performance measures that we consider to have been the most important in linking “compensation actually paid” to our Named Executive Officers to company performance in fiscal 2026:
Core Revenue;
EBITDA Less Float;
Relative Total Stockholder Return; and
Non-GAAP Operating Income.
Table of Contents
Compensation Actually Paid and Company TSR and Peer Group TSR
The following chart illustrates the relationship between our Compensation Actually Paid and our TSR and our peer group TSR.
Compensation Actually Paid and Net Income
The following chart illustrates the relationship between our Compensation Actually Paid and Net Income.
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Compensation Actually Paid and Core Revenue
The following chart illustrates the relationship between our Compensation Actually Paid and Core Revenue.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.