Bill.com Holdings, Inc. vs Shopify Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsFintech
Data as of Q1 2026
Summary Verdict
BILL: 1—SHOP: 4wins
Rule of 40
23.8BILL
55.0SHOP
check_circleSHOP leads
Revenue Growth
7.7%BILL
38.3%SHOP
check_circleSHOP leads
Gross Margin
81%BILL
48%SHOP
check_circleBILL leads
FCF Margin
16.1%BILL
16.8%SHOP
check_circleSHOP leads
Operating Margin
-4.3%BILL
12.3%SHOP
check_circleSHOP leads
NRR
—BILL
—SHOP
Metric
Rule of 40Efficiency score
BILL
23.8
SHOP
55.0check_circle
Revenue GrowthYoY
BILL
7.7%
SHOP
38.3%check_circle
Gross Margin% of revenue
BILL
81%check_circle
SHOP
48%
FCF MarginFree cash flow
BILL
16.1%
SHOP
16.8%check_circle
Operating MarginGAAP
BILL
-4.3%
SHOP
12.3%check_circle
NRRNet retention
BILL
N/A
SHOP
N/A
EV / RevenueValuation multiple
BILL
N/A
SHOP
15.2x
Market CapUSD
BILL
N/A
SHOP
$188.3B
ARR GrowthYoY
BILL
N/A
SHOP
N/A
CAC PaybackMonths to recover
BILL
N/A
SHOP
N/A
insights
Analysis
As of Q1 2026, Bill.com Holdings, Inc. trades at N/A EV/Revenue versus Shopify Inc. at 15.2x. On the Rule of 40, Bill.com Holdings, Inc. scores 23.8 compared to Shopify Inc.'s 55.0, placing Shopify Inc. ahead in operating efficiency. Gross margins stand at Bill.com Holdings, Inc. 81% vs Shopify Inc. 48%.
Sector Context
Bill.com Holdings, Inc. operates in the Fintech sector and Shopify Inc. operates in the Vertical SaaS sector. The median comparison above shows where they stand relative to their respective peers.