NEW YORK, Jan 2, 2026, 15:16 ET — Regular session
- BILL Holdings shares fell about 6% in afternoon trade after opening higher.
- A fresh price-target hike from Keefe, Bruyette & Woods failed to steady the stock.
- Focus turns to U.S. jobs data next week and BILL’s next quarterly update after its Dec. 31 quarter-end.
BILL Holdings, Inc. (NYSE: BILL) shares were down 6.3% at $51.11 in mid-afternoon trading on Friday, after sliding from an early high and touching a session low of $50.73. The stock last closed at $54.54.
The drop came as U.S. stocks wobbled in the first session of 2026, with investors rotating toward chipmakers even as the broader market softened. “Stocks trade expensive on 18 of 20 measures,” Bank of America strategist Savita Subramanian wrote, flagging elevated near-term risks for equities. 1
For BILL, the timing matters because the company just closed its fiscal second quarter on Dec. 31 and investors now have a clean read-through point coming. In its last results update, BILL forecast fiscal second-quarter revenue of $394.5 million to $404.5 million and full-year revenue of $1.60 billion to $1.63 billion, alongside “non-GAAP” earnings guidance — an adjusted profit measure that excludes items such as stock-based compensation — for the quarter and year. 2
Keefe, Bruyette & Woods lifted its price target on BILL to $60 from $52 and kept a “market perform” rating, MarketBeat reported on Friday. 3
BILL sells cloud software that helps small and midsize businesses automate back-office payments. Its tools focus on accounts payable — money a business owes suppliers — and accounts receivable, or invoices customers owe the business.
Investors also track BILL’s mix of fee-based revenue and “float revenue,” the interest the company earns on customer funds held before payments are sent. That stream tends to rise with higher short-term rates, while transaction fees depend more on payment activity.
With the December quarter now complete, traders are looking for updates on payment volume, customer additions and margins, along with any change in management’s tone on small-business spending. BILL’s prior outlook provides the benchmark for that check.
In the broader fintech and software tape on Friday, shares were mixed: Intuit fell 4.8% and Toast dropped 3.6%, while PayPal was up 0.3% in afternoon trade.
BILL’s slide stood out for its speed after the stock opened near $55. Some traders were watching whether the shares could hold the $50 area into the close after the day’s dip.
The market backdrop remains the other swing factor. Growth shares often take their cue from interest-rate expectations because higher rates can compress valuations by raising the discount rate investors apply to future earnings.
BILL has not announced a date for its next earnings release, though market calendars such as Yahoo Finance show early February as the estimated window. 4
