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Revenue
9 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue REVENUE
The Company generates revenue primarily from subscription and transaction fees. For the purpose of disaggregating revenue by solutions, the Company defines BILL AP/AR as transaction and subscription revenue derived from businesses that use its core BILL accounts payable and receivable platform; BILL Spend and Expense as interchange revenue derived from BILL Divvy Card transactions; and Embedded Solutions and Other as transaction and subscription revenue from businesses that access the Company's solutions through its embedded partners' platforms and other indirect sales channels (including financial institution partners), and
Invoice2go revenue. The table below shows the Company’s revenue from subscription and transaction fees, which are disaggregated by solutions, and revenue from interest on funds held for customers (in thousands).
Three Months Ended
March 31,
Nine Months Ended
March 31,
2026202520262025
BILL AP/AR$183,223 $163,775 $547,689 $492,905 
BILL Spend and Expense167,227 137,908 490,990 404,366 
   Integrated platform350,450 301,683 1,038,679 897,271 
Embedded Solutions and Other20,684 18,615 65,588 57,586 
   Total subscription and transaction fees371,134 320,298 1,104,267 954,857 
Interest on funds held for customers35,429 37,919 112,707 124,364 
Total revenue$406,563 $358,217 $1,216,974 $1,079,221 
Deferred revenue
Fees from customers with which the Company has annual or multi-year contracts are generally billed in advance. These fees are initially recorded as deferred revenue and subsequently recognized as revenue as the performance obligation is satisfied. During the three and nine months ended March 31, 2026, the Company recognized $2.6 million and $21.5 million of revenue that was included in the deferred revenue balances as of June 30, 2025.
Remaining performance obligations
The Company has performance obligations associated with commitments in customer contracts for future services that have not yet been recognized as revenue. As of March 31, 2026, the aggregate amount of transaction price allocated to performance obligations that are unsatisfied (or partially unsatisfied), including deferred revenue, was $60.0 million. Of the total remaining performance obligations, the Company expects to recognize approximately 58% over the next year, 24% between one to two years and 18% thereafter. The Company determines remaining performance obligations at a point in time based on contracts with customers. However, actual amounts and timing of revenue recognized may differ due to subsequent contract modifications, renewals and/or terminations.
Unbilled revenue
Unbilled revenue consists of revenue recognized that has not been billed to the customers yet. The unbilled revenue amounted to $19.8 million and $17.3 million as of March 31, 2026 and June 30, 2025, respectively, and are included in accounts receivable, net in the accompanying condensed consolidated balance sheets.