Latest news with #Expensify
Yahoo
an hour ago
- Business
- Yahoo
BILL Expands New Payment Services: Is There More Room for Growth?
BILL Holdings BILL is strategically expanding its platform to upgrade its traditional small and midsize business (SMB) base to serve the growing needs of larger and more complex organizations. While SMBs remain at the heart of its ecosystem, the company's latest offerings, especially the launch of Supplier Payments Plus, signal a move to serve the full spectrum of B2B Payments Plus simplifies and accelerates how large suppliers receive and record payments from SMBs. Designed specifically for enterprise suppliers, the solution streamlines the processing of thousands of incoming payments by resolving common pain points such as missing remittance details, manual cash application and slow check reconciliation. With seamless ERP integration and customizable remittance advice, it significantly boosts operational efficiency for suppliers while enhancing the overall payment experience for SMB the third quarter of fiscal 2025, BILL generated $301.7 million in revenues from its Integrated Platform, which includes Accounts Payable/Receivable and Spend & Expense solutions, marking a 14.5% year-over-year increase. This growth is supported by continued adoption across its core SMB base. Importantly, more than 9,000 accounting firms have selected BILL as their platform of choice for delivering client advisory this, BILL continues to invest in innovation across its platform. The company is enhancing its payment portfolio, expanding distribution channels and accelerating its AI strategy. As BILL continues to scale its capabilities, the outlook for sustained SMB growth remains strong, supported by a more versatile and future-ready product suite. Intuit INTU has strengthened its position in SMB financial services by launching QuickBooks Bill Pay, directly challenging BILL's role in digital payments. This move allows Intuit to offer built-in bill payment and cash flow tools within its widely adopted platform. Intuit delivers a seamless experience for small businesses already relying on QuickBooks, enhancing platform EXFY focuses exclusively on expense management, offering extraordinary tools like SmartScan receipt capture, automatic reimbursement and real-time expense tracking. Expensify's intuitive design and integration reliability give it a usability advantage over BILL's Divvy. While it lacks a full AP/AR suite, Expensify excels at fast, streamlined expense control. For SMBs that prioritize simplicity and speed in expense workflows, Expensify is still a top-tier choice. BILL's shares have dropped 45.4% year to date, underperforming the broader Zacks Computer and Technology sector's return of 6.1%. Image Source: Zacks Investment Research From a valuation standpoint, its forward 12-month Price/Sales of 3.27X compares with the industry's 5.89X. BILL has a Value Score of D. Image Source: Zacks Investment Research The consensus mark for fiscal 2025 earnings is pegged at $2.05 per share, reflecting a 5.7% increase over the past 60 days but holding steady over the last 30 days. Despite the upward revision, the figure still implies a year-over-year decline of 3.3%. Image Source: Zacks Investment Research BILL currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intuit Inc. (INTU) : Free Stock Analysis Report BILL Holdings, Inc. (BILL) : Free Stock Analysis Report Expensify, Inc. (EXFY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
National Post
7 hours ago
- Business
- National Post
Expensify Announces 1,285,336 Share Buyback
Article content The company completed purchases of 1,285,336 shares (approximately 1.4% of total outstanding Class A common shares) Article content PORTLAND, Ore. — Expensify, Inc. (Nasdaq: EXFY), the financial management super app for expenses, travel, and corporate cards, today announced the company repurchased 1,285,336 shares of its Class A common stock. The purchases were made from May 15, 2025 to June 27, 2025, totaling approximately $3.0 million with an average purchase price of $2.33 per share. Article content Article content In February 2025, the Expensify Board of Directors approved a new share repurchase program with authorization to purchase up to $50 million shares of its Class A common stock. The share repurchase program is designed to return value to shareholders by offsetting dilution from stock issuances and reducing share count over time. Expensify may repurchase shares from time to time through open market purchases, in privately negotiated transactions or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions. The timing and total amount of stock repurchases will depend upon business, economic and market conditions, corporate and regulatory requirements, prevailing stock prices, restrictions under the terms of our loan agreements and other considerations. This program terminates on March 31, 2028, may be suspended or discontinued at any time and does not obligate the company to acquire any amount of Class A common stock. Article content Forward-Looking Statements Article content Certain statements made in this press release constitute forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the company's intended share repurchases and expected shareholder benefits. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Expensify's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including the risks discussed in Expensify's filings with the SEC, including Expensify's Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Expensify undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law. Article content Expensify helps 15 million people worldwide track expenses, book travel, reimburse employees, manage corporate cards, send invoices, and pay bills—all in one place. Whether you're self-employed, running a small business, managing a team, or overseeing global finances, let Expensify handle your travel and expenses, at the speed of chat. Article content Article content Article content
Express Tribune
a day ago
- Business
- Express Tribune
Expensify capitalizes on F1 movie sponsorship to boost user growth and expand international product features
Brad Pitt starrer 'F1' is one of the few big-budget original films this year. Photo: File Financial tech company Expensify is leveraging its title sponsorship role in Apple Originals' new F1 movie to boost revenue and expand its global brand awareness. The Portland-based firm paid a multi-million-dollar fee—part of over $40 million in total brand partnerships for the film—securing prominent placement as the fictional 'Expensify APX GP' Formula 1 team. The movie, which premiered in theaters nationwide on June 27, 2025, includes frequent on-screen references to Expensify, including brand visibility during mock press conferences and shout-outs from real-life Sky Sports commentator David Croft. CFO Ryan Schaffer told Sports Business Journal (SBJ) that the company is targeting a 5:1 return on its investment through increased sign-ups and product upgrades, though lower returns may be acceptable if brand awareness improves significantly. That visibility translated into measurable user engagement. After actor Damson Idris, who co-stars alongside Brad Pitt in the film, wore an APX GP firesuit to the Met Gala in May, user sign-ups spiked fourfold within hours, according to Schaffer. 'Anyone promoting the movie is also promoting Expensify,' he said, calling the placement potentially 'the get of a lifetime.' In tandem with the movie release, Expensify rolled out several new product features aimed at international users. These include support for 10 languages, integration with thousands of new banks globally, multi-currency billing, international reimbursement options, and expanded availability of the Expensify Visa Commercial Card. The company has launched a social media campaign to amplify its exposure and has already received sponsorship inquiries from real-world F1 and NBA teams. Though not committed to any deals yet, Schaffer said Expensify will evaluate opportunities. 'Ultimately, we want this to turn into revenue,' he added. 'The jury is still out on that.' Whether the campaign meets its ambitious targets or not, Expensify has already secured a major boost in visibility.
Business Upturn
5 days ago
- Business
- Business Upturn
Expensify Expands Global Support for Company Cards, Languages, Billing, and Reimbursements
By Business Wire India Published on June 26, 2025, 12:11 IST Portland, Ore., United States: Expensify, Inc. (Nasdaq: EXFY), the financial management superapp for expenses, travel, and corporate cards, today announced a sweeping expansion of international support across its platform. The launch includes support for corporate card import from 10,000+ more banks worldwide, multilingual capabilities, Euro-based billing, international reimbursements in New Expensify, and beta access to the Expensify Card across the UK, EU, and soon Canada. These updates mark a milestone in Expensify's global strategy, enabling businesses across the world to manage expenses and cards faster and more seamlessly than ever before—all within a single platform. 'Now, companies everywhere can handle expenses, cards, reimbursements, and more — entirely within Expensify,' said David Barrett, founder and CEO of Expensify. Highlights of today's international expansion: Expanded company card support with 10,000+ new banks around the world integrated for seamless import and reconciliation with 10,000+ new banks around the world integrated for seamless import and reconciliation Language localization beyond English and Spanish in New Expensify, with support for 10 more languages including French, German, Italian, and Japanese beyond English and Spanish in New Expensify, with support for 10 more languages including French, German, Italian, and Japanese Euro-based billing , so members can pay for their Expensify subscriptions in Euros (in addition to USD, GBP, AUD, and NZD) , so members can pay for their Expensify subscriptions in Euros (in addition to USD, GBP, AUD, and NZD) Global reimbursement support to withdraw from business bank accounts in USD, CAD, GBP, EUR & AUD, and deposit into bank accounts in (almost) any country — right in New Expensify support to withdraw from business bank accounts in USD, CAD, GBP, EUR & AUD, and deposit into bank accounts in (almost) any country — right in New Expensify Expensify Card beta now live in the UK and EU, with Canadian support on the way 'This is a big day. It's no exaggeration to say everything we've done for years has been in preparation for this — bringing you the fastest way to do your expenses, anywhere in the world.' Barrett added. Members can opt into relevant betas by contacting their account manager or reaching out to [email protected] . About Expensify Expensify helps 15 million people worldwide track expenses, book travel, reimburse employees, manage corporate cards, send invoices, and pay bills — all in one place. Whether you're self-employed, running a small business, managing a team, or overseeing global finances, let Expensify handle your travel and expense, at the speed of chat. Forward-Looking Statements Certain statements made in this press release constitute forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the launch, success and expected benefits of Expensify's global expansion efforts. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Expensify's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including the risks discussed in Expensify's filings with the SEC, including Expensify's Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Expensify undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash Business Wire India, established in 2002, India's premier media distribution company ensures guaranteed media coverage through its network of 30+ cities and top news agencies.
Barnama
6 days ago
- Business
- Barnama
Expensify Expands Global Support For Company Cards, Languages, Billing, And Reimbursements
PORTLAND, Ore., June 26 (Bernama) -- Expensify, Inc. (Nasdaq: EXFY), the financial management superapp for expenses, travel, and corporate cards, today announced a sweeping expansion of international support across its platform. The launch includes support for corporate card import from 10,000+ more banks worldwide, multilingual capabilities, Euro-based billing, international reimbursements in New Expensify, and beta access to the Expensify Card across the UK, EU, and soon Canada. These updates mark a milestone in Expensify's global strategy, enabling businesses across the world to manage expenses and cards faster and more seamlessly than ever before—all within a single platform.
