breadth We we QX, most results, initiatives afternoon, rapid on Thank executed at everyone. a and you, delivered increased volume depth substantial In go-to-market pace to innovated company. small financial our drove of very and Karen. our our motion Good higher made customer actions and platform the to progress customer serve acquisition businesses. strong the across our midsized enhance expand important among newer These payment and further well Platform. per Integrated cohorts of and
Our financial the the significant this on extend growth BILL. ahead moving we market to the quarter highlights runway operations for essential We're to aggressively as SMBs. category success more capitalize
strong acceleration which core expectations of was growth and year-over-year last our In growth QX, revenue XX% drove above reflects we from XX% quarter.
on increased which are operating year. and balance our We X XX% non-GAAP income profitability a of growth from in executing margin percentage achieved and the points to commitment last quarter,
a year. XX%, margin point last from We reflecting X increase cash to also free flow expanded percentage
Our value increasing with demonstrates that scale proposition our resonates SMBs.
customers and During million businesses operations, they their care of total We serving the business. take growing operations quarter, we so XX transactions. payment their to financial their payment of across could financial in took automate $XX managed and volume empowered billion over care XXX,XXX their we
Our platform their they SMBs is office. digitize mission-critical as back for
processes soon FairWave, finances. tech operate as can uniqueness a and card and while accounts adding Derek coffee across FairWave such as growth. example, coffee BILL, infrastructure, brands and bean the this providing the loyalty foundation I and Brown, the grows quote, For brand all with "BILL need With shops few What is other our that local FairWave financial FP&A possible, SMBs each and and scalable XXXX each payable spend programs their to small operations, standardized local supports growth. create fast, months. since new every brand's is country. does observing we technology comes with and a by controls. of to copy a integrate BILL the brand's it of sourcing, understand Director customer drive said as empowers stack independence
We BILL amount budget Additionally, done surprises. hiring were brands." of to get able brings allows BILL focus spend by clerk, really need the build an efficiencies work us adding the us twice a us to card category, eliminate without saving and additional to manage AP year. more we $XX,XXX on
BILL the operations the We nearly of like are they U.S. Customer There of financial journey. and and inspires nature the stories us. automation financial market us by is U.S. XX% the Yet SMB underserved workforce. the focus of are employees, a with half or power for SMBs. Their given supporting solutions small operations XXX often businesses on opportunity businesses is and their small highly their market, on adoption neglected. are diverse employ many are over leaders of fragmented XX.X% than the fewer GDP more nascent. of businesses in at needs automation and technology technology ahead in what as for we FairWave SMBs vast of the still
In survey Intelligence. small a their financial Payments fact, according operations and businesses, well midsized When larger we fully positioned both greenfield large opportunity. recent by AR to of comes this only it SMBs have processes for to and serve X% are automated the very AP to
our we millions drive SMBs and commitment and platform, empower market on the the helping team adoption We ecosystem and of deliver continue the will succeed. to aggressively businesses, have to to
with differentiators and product key BILL's insights payable, business is spend our receivable, of integrated working capital management, platform. We One accounts accounts solutions. provide SMBs
disconnected their and SMBs. complex digitizes transforms manual eliminates processes platform operations paper-based burden that and Our financial
the way order powerful Our automates a from payment through the all the life cycle the platform BXB purchase reconciling transactions. of creation
Our to mile. choices of the wide making payment of the business. ground built end-to-end by We out drive of from range manage it the approvals, working with for and capabilities hundreds of tools provide and up and were and simple critical very and small businesses. funding in a These payment effortless tools designed cash the thousands automate workflow last
of significant save to control enables uniquely while their flow. and visibility time SMBs gaining more platform cash Our
more all-in-one even them choice SMBs our giving manage flexibility more to their innovating valuable for how platform and in finances. always they by are We make
and enrich delivered part or For payments new as customers means We our credit with enabled This options, that their or new disbursement. cards real-time can example, funding provide payment offerings options. both payment of priority fund we now for payment funding ACH and recently real-time innovations existing payments. to
on an Additionally, available payable check our we and as card the to disbursement ACH were build making customers making Divvy side, to payments. accounts alternative
also integrate to solutions, and spend our driving card These of more of part expense create AP examples to addition Divvy customers this platform. upgrade more simpler drive spend to robust In more our for a of capabilities card, our and options will path full are provide BILL easier and the the on further awareness our platform. initiatives BILL the
transfer to than the also countries. We X dozen payment international availability broadened more local of
capability their international enables to faster new saving businesses payments with transaction days fees. volatility Our less receive FX on while
extend value countries. to this working additional to are We
our paid and are paid. suppliers scaling of capital one the funding in weeks we when payment solving capabilities, invoice Beyond of financing they points are with pain offering, working biggest would solutions, get advance getting SMBs, their for typically
XX% and borrowers We repeat are have proven invoice market being of product users seeing of recurring usage financing. fit with
offerings network and such long and a enhance platform We entry, matching. acceleration as data BILL to our proprietary AI history and have leveraging our payment of automated
and priorities platform the simplify cases user of more use experience, to and on to our part for platform our personalize simplify applying to continue to experience we our further As SMBs. enhance AI are
example, AI-powered Assist, a syncing an accounting experience As creates systems. which introduced more we recently, when an Sync with seamless guide,
support by functionality our Our open Sync used accounting over the an with accounting simplify clients XX% adopted to any accounting syncs SMB Synthesis for with systems that that is our the top organizations work Tens are platform of the of businesses And market. allows invaluable to with tool. automatically different software thousands systems, firms multiple and have accounting of experience.
is said Assist, Manager accounting Application firm. a them and tax EisnerAmper, absolutely of "Sync Ron advisory and One fantastic. Team I of Success is global Eley, quote,
and With ecosystem this It this with have the saves which time absolute network expense the and dedicated institutions to more our to U.S. now of platform loves leaving new their without the of BILL work firms more for Sync responses issues Assist customers Within attracted their direct actionable the together, by firms financial to more focus serve spend Our includes you spend BILL headache. our clients simplify high staff and engagement changer."
Another point on firms, customers, Sync for generating accounting more partnerships we the than sales, to million BILL direct stronger to propensity on game own members. than in is firms accounting SMBs. is BILL, the our business channel, and accounting we customers' joined team thousands on our expand and than X staff producing hundreds much businesses past does BILL so functionality. significant X,XXX on of any our In differentiation resolve We top new platform. X,XXX partner empower quickly with accounting year, built BILL. large lives. distribution particularly tens of diverse of And accounts focused our programs cohorts an heightened among important and their is new
Our leadership platform category have and ecosystem are the and scale we foundational to today.
to on drive focused and continuing growth. lead our remain we expanding durable, ahead, look profitable we As
believe cash competitive expand will the BILL to extend our unlocking make ROI Given where to of meaningful the investment while area for that building next the expand of is our we advantages investments balance competitive enable expect simultaneously and phase our business strength to areas of to shareholders. flow high toward of our leadership. and to improving a generation, long-term for key We A bolster see opportunity. sheet, note our value growth continuing category our we team targeted are investing market
our in Square serving world-class customers companies, XX Financial millions including EVP Mary the of services innovation fintech, in hundreds offerings. companies. Services. brings a Kay's and and of Block, added be at leading Fortune Kay buyers and connecting XXX at to of years formerly recently and products innovation experience sellers Mary Payments building wealth is significant and from of of payment will with expertise growth and as solutions We record proven executive a of team managing and highly She financial We driving our Bowman leader Amazon. experience track believe Mary evolution to driving additive Visa, Kay
to operations financial expand the steps extend taking and aggressively lead are our category. We
return of are do we to balancing As intentional this, capital shareholders. future about the with very investments being thoughtful for we and
we purchases the end, have management scale. during significant million share that expanding BILL repurchased and reflect the announced growth Board upside. with repurchase our as million in August. potential $XXX then meaningful investment the shares of BILL has program $XXX in opportunity quarter, conclusion, that an the In under To conviction and These and
reimagine compelling consistent flows to be how financial significant opportunities our strong and the strong a on on strong highly The an the help enables Our for durable businesses in business profitable strategy thousands market hundreds exceptionally changed ahead. of that game both capitalizing of drive to can our focus growth. has operations generates cash leadership built customers of done us execution and
Looking strategically category of and growth ahead, we remain focused on profitability executing investing we the business believe planned areas that leadership will initiatives. and further our our on in
are to supporting our We our SMBs. partners realizing platform operations the financial for and deeply be and committed customers essential vision to
Now the over to I'll turn call John.
