Earnings Surprise, Restructuring, and Share Buybacks: Fintech Stocks Surge 11% in a Day

BILL Holdings Inc. (NYSE: BILL) jumped 10.7% on May 8 to close at $41.69 on the New York Stock Exchange, lifting its market capitalization to about $4.1 billion (roughly ₩6 trillion). Over the course of the day, its market value rose by approximately $490 million (over ₩700 billion), and trading volume surged to 3.33 million shares.

In its fiscal 2026 third-quarter results released the previous day, the company reported revenue of about $406.6 million and earnings per share of $0.68, beating market expectations. It also announced a $1 billion share repurchase program and plans to reduce its workforce by up to 30%.

Today, after BMO Capital Markets raised its price target from $43 to $46 while maintaining a “Market Perform” rating, BILL shares opened with a gap up from $37.66 to $41.01, extending the rally.

BILL Holdings—formerly known as Bill.com—is a U.S. SaaS fintech company offering a cloud-based financial operations platform that automates invoicing, payments and cash management for small and midsize businesses.