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      "text": "¹ Total revenue for the 12 months ended September 30, 2022.\n² For the Fiscal Quarter ended September 30, 2022.\n³ Core revenue defined as revenue derived from subscriptions and transactions.\n⁴ Non-GAAP gross margin is a non-GAAP metric. See Appendix for reconciliation to GAAP.\n⁵ Statistics for the Fiscal Year ended June 30, 2022.\n⁶ Core revenue from BILL customers who were acquired prior to the start of the fiscal year 2022.\n⁷ Data for LTM ended June 30, 2022. Calculated by dividing total current period revenue by total prior period revenue. Excludes impact from Divvy and Invoice2go.\n⁸ Data for customers acquired during FY2021. Defined as the number of quarters it takes for the cumulative non-GAAP gross profit earned from BILL customers acquired during a given quarter to exceed total sales\nand marketing spend in that same quarter, excluding customers acquired through financial institutions and the related sales and marketing spend.",
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