Bill Holdings Reclassifies Card Rewards as Revenue Reduction Instead of Marketing Expense

By Public Technologies
  • Bill Holdings reclassified Spend and Expense card rewards from marketing expenses to reductions in subscription and transaction revenue, effective July 1, 2026.
  • Reporting will reflect the change beginning with the quarter ending September 30, 2026, with prior periods retrospectively adjusted.
  • June 2026 quarterly revenue was reduced by $94 million to $342.18 million; operating expenses fell by the same amount.
  • The reclassification has no impact on earnings, the balance sheet or cash flows.


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