Bill.com Holdings, Inc. vs WEX Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
Summary Verdict
BILL: 4—WEX: 1wins
Rule of 40
38.2BILL
-59.6WEX
check_circleBILL leads
Revenue Growth
22.1%BILL
-1.3%WEX
check_circleBILL leads
Gross Margin
81%BILL
40%WEX
check_circleBILL leads
FCF Margin
16.1%BILL
-58.3%WEX
check_circleBILL leads
Operating Margin
-4.3%BILL
35.6%WEX
check_circleWEX leads
NRR
—BILL
—WEX
Metric
Rule of 40Efficiency score
BILL
38.2check_circle
WEX
-59.6
Revenue GrowthYoY
BILL
22.1%check_circle
WEX
-1.3%
Gross Margin% of revenue
BILL
81%check_circle
WEX
40%
FCF MarginFree cash flow
BILL
16.1%check_circle
WEX
-58.3%
Operating MarginGAAP
BILL
-4.3%
WEX
35.6%check_circle
NRRNet retention
BILL
N/A
WEX
N/A
EV / RevenueValuation multiple
BILL
2.6xcheck_circle
WEX
4.2x
Market CapUSD
BILL
$4.1B
WEX
$5.5Bcheck_circle
ARR GrowthYoY
BILL
N/A
WEX
N/A
CAC PaybackMonths to recover
BILL
N/A
WEX
N/A
insights
Analysis
As of Q1 2026, Bill.com Holdings, Inc. trades at 2.6x EV/Revenue versus WEX Inc. at 4.2x. On the Rule of 40, Bill.com Holdings, Inc. scores 38.2 compared to WEX Inc.'s -59.6, placing Bill.com Holdings, Inc. ahead in operating efficiency. Gross margins stand at Bill.com Holdings, Inc. 81% vs WEX Inc. 40%.
Sector Context
Both companies operate in the Fintech sector. The median columns above show where each company stands relative to their peers.