Major Board Refresh and Activist Collaboration Could Be a Game Changer for BILL Holdings (BILL)

• In October 2025, BILL Holdings announced four new independent directors, including finance and industry veterans, to join its Board as part of a broader governance refresh following collaboration with activist investor Starboard Value LP.
• This substantial Board refresh reflects strengthened shareholder engagement and introduces varied expertise, potentially setting the stage for new directions in oversight and company strategy.
• We’ll take a look at how strengthening governance through Starboard Value’s board representation may reshape BILL Holdings’ investment outlook.

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BILL Holdings Investment Narrative Recap

To invest in BILL Holdings, you need to believe that small and midsize businesses will continue transitioning from manual to digital financial operations, driving sustained demand for BILL’s cloud payments and spend management tools. The addition of four independent directors with strong finance, technology, and operational backgrounds could help address oversight and execution, though, in the short term, it does not appear to directly affect the most immediate catalyst: accelerating distribution through embedded finance partnerships, nor the ongoing risk of macroeconomic vulnerability in SMB spending.

Among recent announcements, BILL’s new collaboration with Oracle NetSuite stands out. By powering intelligent payment automation for NetSuite users, BILL is gaining further reach among US customers, a move aligned with the push to expand distribution through key partnerships. While this helps set the stage for incremental transaction volume growth, investors are still left balancing the company’s efforts to broaden its footprint with concerns about how quickly SMB demand may recover.

In contrast, the ongoing pressure from muted SMB spending is a risk investors should be aware of, especially when considering the company's exposure to economic cycles and ...

Read the full narrative on BILL Holdings (it's free!)

BILL Holdings' narrative projects $2.1 billion in revenue and $94.8 million in earnings by 2028. This requires 13.2% yearly revenue growth and a $71 million earnings increase from $23.8 million currently.

Uncover how BILL Holdings' forecasts yield a $60.10 fair value, a 21% upside to its current price.

Exploring Other Perspectives

Four private investors in the Simply Wall St Community estimate BILL's fair value between US$60.10 and US$91.33. While expansion via embedded finance is one catalyst for future performance, wide valuation ranges show how investor opinions can vary, explore these differing viewpoints for a fuller picture.

Explore 4 other fair value estimates on BILL Holdings - why the stock might be worth as much as 84% more than the current price!

Build Your Own BILL Holdings Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your BILL Holdings research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
• Our free BILL Holdings research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate BILL Holdings' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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