BILL
Bill.com Holdings, Inc.
BILL offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
MSFT
Microsoft Corporation
MSFT has the edge over BILL overall, supported by stronger valuation and lower modeled downside.
BILL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Strong | |
| Weak |
BILL's cash flow is currently strong, and its revenue and profitability are stable, but its balance sheet is weak.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
BILL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $54.00 | — |
| Cheap | 99x | $52.67 | -2.5% |
| Fair | 100x | $53.20 | -1.5% |
| Expensive | 101x | $53.73 | -0.5% |
| Current | 102x | $54.00 | — |
Historical ranges are pointers, not guarantees.
BILL has the edge over MSFT in the historical PE scenario, which offers more potential upside but is not a forecast.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT's PE is in its cheap range at 27x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
BILL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Decline | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect BILL's earnings to grow and its profitability to improve, but its revenue to decline.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
BILL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.07 | +668% |
| Q4 2023 | -$1.07 | +$2.26 |
| Q3 2023 | -$1.59 | +$1.62 |
| Q2 2023 | -$2.11 | +$1.11 |
| Q1 2023 | -$2.78 | +$0.13 |
| Q4 2022 | -$3.33 | -$0.94 |
| Q3 2022 | -$3.21 | -$1.39 |
| Q2 2022 | -$3.22 | -$2.03 |
| Q1 2022 | -$2.91 | -$2.09 |
MSFT has the stronger earnings trend. Trailing diluted EPS is down 67% for BILL versus MSFT up 36%.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT's earnings per share have climbed steadily: $19.15 over the past year, up 36% from the year before, and higher year over year for 14 quarters in a row.
BILL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $353.8M | -11% |
| Q2 2026 | $436.2M | +14% |
| Q1 2026 | $406.6M | +13% |
| Q4 2025 | $414.7M | +14% |
| Q3 2025 | $395.7M | +10% |
| Q2 2025 | $383.3M | +12% |
| Q1 2025 | $358.2M | +11% |
| Q4 2024 | $362.6M | +14% |
BILL's revenue is growing: $354M last quarter, down 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +20 points |
| Q2 2026 | -7.8% | -2 points |
| Q1 2026 | -0.1% | +8 points |
| Q4 2025 | -4.4% | +1.6 points |
| Q3 2025 | -5.2% | -3.1 points |
| Q2 2025 | -5.8% | +0.7 points |
| Q1 2025 | -8.1% | +0.5 points |
| Q4 2024 | -6% | +15 points |
BILL's operating margin was 14% last quarter, up 20 points from the same quarter a year ago, near the top of its range since 2019.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT has the edge over BILL on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over BILL on profitability, with a higher operating margin.
BILL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $96.7M | +1.2% |
| Q2 2026 | $110.6M | +37% |
| Q4 2025 | $103.8M | +32% |
| Q3 2025 | $95.6M | +7.9% |
| Q2 2025 | $81M | +3.3% |
| Q4 2024 | $78.7M | -0.8% |
| Q3 2024 | $88.6M | +66% |
| Q2 2024 | $78.4M | -1.1% |
BILL has the edge over MSFT on cash flow, with more consistent year-over-year improvement.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT's free cash flow has been positive every quarter for seven years: $60B over the past year, down 23% from the year before.
BILL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1% | +1M shares |
| 1 year | -0.9% | -955K shares |
| 3 years | -4.7% | -5M shares |
| 5 years | +22% | +18.2M shares |
| Available history | +353% | +78.7M shares |
BILL has the edge over MSFT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $312.2M |
| Q2 2026 | $287.8M |
| Q1 2026 | $56.9M |
| Q4 2025 | $132.7M |
| Q3 2025 | $83.1M |
| Q2 2025 | $30M |
| Q1 2025 | — |
| Q4 2024 | $200M |
BILL spent $790M buying back its own shares over the past year, up 152% from the year before.
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has 7.4B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
BILL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 29.0x | High |
BILL's net debt is more than 20 years of its operating earnings (EBITDA).
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT has the edge over BILL on leverage, with a lower net debt burden relative to earnings.
BILL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.4 | Neutral |
| Stochastic | 81.8 | Overbought |
BILL's weekly RSI is 63 (neutral) and its Stochastic is 82 (overbought).
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
BILL PE vs Technology Sector
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT is trading at 27x earnings, in line with the Technology sector's median of 28x.
BILL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $48.0 | 13% above |
| 20 week MA | $46.9 | 15% above |
| 50 week MA | $44.6 | 21% above |
| 100 week MA | $49.0 | 10% above |
| 200 week MA | $63.8 | 15% below |
BILL has bounced recently, but its long-term trend is still down: it's above its 8-, 20-, 50- and 100-week averages, but 15% below its 200-week average.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT's trend is up, with a small recent dip: it's below only its 8-week average, and 27% above its 200-week average.
BILL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2019 | $39.0 | $38.6 | -1% |
| 2020 | $38.6 | $148.4 | +285% |
| 2021 | $148.4 | $253.4 | +71% |
| 2022 | $253.4 | $103.7 | -59% |
| 2023 | $103.7 | $81.6 | -21% |
| 2024 | $81.6 | $86.9 | +6.6% |
| 2025 | $86.9 | $55.2 | -36% |
| 2026 YTD | $55.2 | $54.0 | -2.2% |
BILL's yearly returns have swung widely, from +285% in 2020 to −59% in 2022. It's down 2.2% so far in 2026.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has the edge over BILL on returns for 2026, with the stronger performance.