Tech — Software
Bill Holdings Executive Compensation (FY25)
BILL · San Jose, CA · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): December 11, 2025
258 figures on this page: 253 cited to the filing that reported them, 5 calculated from figures it prints. See the citations
Total compensation for Ren Lacerte, Chief Executive Officer and Chair, came to $16,139,836 in fiscal 2025, and compared with the $14,377,970 reported for fiscal 2024, Lacerte's total was 12.3% higher. The company reported a chief executive pay ratio of 85:1 for fiscal 2025, against median employee compensation of $191,103. For fiscal 2025, shareholders backed the say-on-pay proposal with 93.5% of votes cast for or against in favor at the meeting held December 11, 2025. The disclosed peer group includes Affirm, CCC Intelligent Solutions, CCC Intelligent Solutions Holdings Inc., Cloudflare and Confluent, among others.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Ren Lacerte: $14,377,970 → $16,139,836 (12.3% higher)
Say-on-pay support: 87.1% → 93.5% (6.4 points higher)
CEO pay ratio: 70:1 → 85:1 (21.4% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Bill Holdings' chief executive and what were they paid?
Total compensation for Ren Lacerte, Chief Executive Officer and Chair, came to $16,139,836 in fiscal 2025. Compared with the $14,377,970 reported for fiscal 2024, Lacerte's total was 12.3% higher.
What was Bill Holdings' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 93.5% of votes cast for or against in favor at the meeting held December 11, 2025.
Which companies are in Bill Holdings' peer group?
The disclosed peer group includes Affirm, CCC Intelligent Solutions, CCC Intelligent Solutions Holdings Inc., Cloudflare and Confluent, among others.
What is Bill Holdings' chief executive pay ratio?
The company reported a chief executive pay ratio of 85:1 for fiscal 2025, against median employee compensation of $191,103.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Ren Lacerte Chief Executive Officer and Chair | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
John Rettig Chief Financial Officer and Executive Vice President, Finance and Operations | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Loren Padelford Chief Commercial Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Raj Aji Chief Legal Officer, Chief Compliance Officer and Secretary | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Bora Chung Former Chief Experience Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Ren Lacerte Chief Executive Officer and Chair | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
John Rettig President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | — not reconciled |
Loren Padelford Former Chief Commercial Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Raj Aji Chief Legal Officer, Chief Compliance Officer and Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Ren Lacerte Chief Executive Officer and Chair | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
John Rettig President and Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Mary Kay Bowman Executive Vice President, General Manager of Payments and Financial Services | ◇ | — | ◇ | — | ◇ | — | ◇ | — not reconciled |
Mike Cieri Executive Vice President, General Manager of Software Solutions | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Ken Moss Chief Technology Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| John Rettig | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| John Rettig | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| John Rettig | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Ken Moss | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Ken Moss | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Ken Moss | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Ken Moss | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Mary Kay Bowman | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Mary Kay Bowman | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Mary Kay Bowman | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Mike Cieri | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Ren Lacerte | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Ren Lacerte | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Ren Lacerte | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| John Rettig | Option | ◇ | — | ◇ | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| René Lacerte | Option | ◇ | — | ◇ | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Mary Bowman | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Mike Cieri | RSU | ◇ | ◇ | — | — |
| Ken Moss | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Keri Gohman | ◇ | ◇ | — | — | — | ◇ | ◇ |
Dan Wernikoff | ◇ | ◇ | — | — | — | ◇ | ◇ |
Peter Kight | ◇ | ◇ | — | — | — | ◇ | ◇ |
Allie Kline Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Tina Reich | ◇ | ◇ | — | — | — | — | ◇ |
Steven Cakebread | ◇ | ◇ | — | — | — | — | ◇ |
Allison Mnookin | ◇ | ◇ | — | — | — | — | ◇ |
Steve Fisher | ◇ | ◇ | — | — | — | — | ◇ |
Alison Wagonfeld | ◇ | ◇ | — | — | — | ◇ | ◇ |
Brian Jacobs | ◇ | ◇ | — | — | — | — | ◇ |
Aida Alvarez | ◇ | ◇ | — | — | — | — | ◇ |
David Hornik | ◇ | ◇ | — | — | — | — | ◇ |
Scott Wagner | ◇ | ◇ | — | — | — | ◇ | ◇ |
Lee Kirkpatrick, Peter Feld, Ren Lacerte, Elizabeth Johnson and Natalie Derse served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Affirm AFRM
- CCC Intelligent Solutions CCC
- CCC Intelligent Solutions Holdings Inc. symbol not shown
- Cloudflare NET
- Confluent CFLT
- Dynatrace DT
- Elastic ESTC
- GitLab GTLB
- HashiCorp HCP
- HubSpot HUBS
- Informatica INFA
- MongoDB MDB
- Okta OKTA
- Paycom PAYC
- Paylocity PCTY
- Procore PCOR
- Samsara IOT
- Smartsheet SMAR
- Unity Software U
- ZoomInfo GTM
- ZoomInfo Technologies Inc. symbol not shown
- Zscaler ZS
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | December 11, 2025 | = | ◇ | ◇ | ◇ |
| 2024 | December 5, 2024 | = | ◇ | ◇ | ◇ |
| 2023 | December 7, 2023 | = | ◇ | ◇ | ◇ |
| 2022 | December 8, 2022 | = | ◇ | ◇ | ◇ |
| 2021 | December 9, 2021 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Bill Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Bill Holdings sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
258 figures on this page: 253 cited to the filing that reported them, 5 calculated from figures it prints.
253 cited to the filing
5 calculated from the filing
Documents cited
- 0001786352-25-000043
- 0001193125-25-251571CEO PAY RATIO · FISCAL 2025 GRANTS OF PLAN-BASED AWARDS TABLE · Fiscal 2025 Director Compensation · Fiscal 2025 Summary Compensation Table · and 1 more section
- 0001786352-24-000049
- 0001140361-24-044217Fiscal 2024 Summary Compensation Table
- 0001786352-23-000075Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001140361-23-049688Fiscal 2023 Summary Compensation Table
- 0001193125-22-301796
- 0001193125-21-354120
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Bill Holdings executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/BILL (accessed 2026).
Short form: data: Velarion
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Tech — Software rankings
Peers Bill Holdings discloses
The companies named in BILL's own disclosed peer group.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}