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  "documentTitle": "Multiple (BILL Holdings, Tripadvisor, Fluor Corporation)",
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  "notes": "The slide title mentions 'Three Ways' but only two are displayed in the visual.",
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      "text": "revenue composition: 89%",
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      "text": "Transaction Revenue (70% of Revenue) Interchange fee tied to a % of payment volume flowing through BILL's network",
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      "text": "Subscription Revenue (19% of Revenue) Recurring monthly or annual fees charged on a per seat basis to use BILL's platform",
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      "text": "Source: Company filings. Note: Financials represent FY2025.",
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