BILL Holdings Inc (NYSE:BILL) shares are rising in extended trading Thursday after the company reported better-than-expected quarterly results.

• Q3 Revenue: $272.56 million beat estimates of $246.82 million
• Q3 EPS: 50 cents beat estimates of 24 cents

Core revenue, which consists of subscription and transaction fees, was up 45% year-over-year, while total revenue climbed 63%. 

Bill processed $64.7 billion in total payment volume during the quarter on 21.4 million transactions, up 13% and 36% year-over-year, respectively. 

"Our performance highlights the strength of our business model and our commitment to deliver balanced growth and profitability," said John Rettig, CFO of Bill Holdings.

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Photo: Joshua Woroniecki from Pixabay.