BILL vs INTU: Which Is the Better Buy in 2026?

Same yardstick, side by side (as of August 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

Reading it: INTU is the cheaper of the two on forward earnings, but cheaper is not the same as better. Pair the valuation with growth (how far the forward P/E sits below the trailing P/E) and risk (beta) before you decide.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. BILL and INTU share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined BILL and INTU exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

BILL Holdings, Inc. sells the software that small and midsize businesses use to run money in and money out. The core BILL AP/AR product handles invoice capture, approval routing and payment execution across checks, ACH, cards, real-time payments and cross-border rails, while BILL Spend and Expense (the former Divvy business) issues corporate cards and enforces budgets. A third channel, Embedded Solutions and Other, distributes the same plumbing through accounting firms, financial institutions and software partners. Revenue arrives in three shapes: fixed subscription fees, transaction fees (including interchange on card volume), and interest earned on customer funds sitting in transit. For the March 2026 quarter, subscription fees were ~$74.5 million, transaction fees ~$296.6 million and float revenue ~$35.4 million, adding to total revenue of ~$406.6 million. The platform moved ~$88.7 billion of payment volume across ~34.0 million transactions in that quarter, about 12% and 14% above the prior year respectively.

Full BILL guide

Intuit is a financial technology company built around four platforms: QuickBooks and Mailchimp for small and mid-market businesses, TurboTax for consumer tax filing, Credit Karma for consumer credit and personal finance, and a ProTax line for accountants. The company earns most of its revenue from recurring software subscriptions and services, with QuickBooks Online and TurboTax as the two largest profit engines. It generates high margins, returns cash through a growing dividend and large buybacks, and has been reorganizing its entire product suite around generative AI through its Intuit Assist assistant and a multi-year partnership with Anthropic to build custom AI agents.

Full INTU guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• BILL drivers: Monetization per customer, not customer count; Operating leverage and the buyback.
• INTU drivers: QuickBooks and the small-business platform; AI reinvention and the Anthropic partnership.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: Float revenue, which was ~$35.4 million in the March quarter and ~$112.7 million over nine months, fell year over year as interest rates declined, and further cuts would keep pressuring a high-margin revenue line BILL does not control. For INTU, the central risk is that AI assistants and free or low-cost automated tools erode the perceived value of paid tax preparation and bookkeeping, pressuring Intuit's pricing power and its historically premium multiple.

Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick BILL if you believe its drivers more; INTU if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the BILL and INTU guides.

BILL. Valuation looks very different depending on which earnings number is used. On GAAP net income, which is essentially breakeven on a trailing basis, no meaningful multiple exists; on guided fiscal 2026 non-GAAP earnings of ~$2.61 to ~$2.64 per diluted share, the stock sits around ~18x, and on forward consensus estimates closer to ~15x. Cash and short-term investments of roughly ~$2.2 billion against ~$1.9 billion of largely zero-coupon convertible debt leave enterprise value slightly below market cap, so the ~2.8x EV/sales figure is the cleanest cross-company comparison.

INTU. Intuit posted about 10% revenue growth in fiscal Q3 2026 (the quarter ended April 2026, its seasonally largest tax quarter) and raised full-year guidance to roughly 13% to 14% growth with non-GAAP EPS around $23.80 to $23.85. Despite those results, the shares have fallen roughly 64% over the past year on AI-disruption fears, dropping from a 2025 peak near $800 to the mid-$270s and pushing the trailing P/E near 17, well below Intuit's ten-year median around 48. The result is a stock priced far more cautiously than its reported financials alone would suggest.

Headline figures (approximate, August 2026): BILL shows market cap ~$4.8B (shares near ~$48, ~99.6M outstanding), revenue (ttm) ~$1.60B, up ~12% year over year, q3 fy2026 revenue ~$406.6M total, ~$371.1M core (+16% YoY), profitability GAAP operating loss ~$61M TTM; non-GAAP operating income ~$79.8M in Q3 FY2026; INTU shows revenue (ttm) ~$20B, q3 fy2026 revenue ~$8.6B (+10% YoY), fy2026 revenue guidance ~$21.3B (+13% to 14%), market cap ~$75B.

BILL and INTU are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined BILL and INTU exposure against your real portfolio. It is not an investment adviser.