The end of an earnings season can be a great time to assess how companies are handling the current business environment and discover new stocks. Let’s have a look at how Bill.com (NYSE:BILL) and the rest of the finance and HR software stocks fared in Q2.

Organizations are constantly looking to improve organizational efficiencies, whether it is financial planning, tax management or payroll. Finance and HR software benefit from the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software.

The 14 finance and HR software stocks we track reported a mixed Q2; on average, revenues beat analyst consensus estimates by 4.09%, while on average next quarter revenue guidance was 0.15% above consensus. Tech stocks have been under pressure as inflation makes their long-dated profits less valuable, but finance and HR software stocks held their ground better than others, with share prices down 3.77% since the previous earnings results, on average.

Bill.com (NYSE:BILL)

Started by René Lacerte in 2006 after selling his previous payroll and accounting software company PayCycle to Intuit, Bill.com (NYSE:BILL) is a software as a service platform that aims to make payments and billing processes easier for small and medium-sized businesses.

Bill.com reported revenues of $296 million, up 47.8% year on year, beating analyst expectations by 4.75%. It was a weak quarter for the company, with underwhelming revenue guidance for the next year. Despite this, was a milestone year for Bill.com as its transacted payment volume accounted for approximately 1% of U.S. GDP.

“Fiscal 2023 was a defining year for BILL. We exceeded $1 billion in annual revenue, delivered our first year of non-GAAP profitability, and transacted payment volume that accounted for approximately 1% of U.S. GDP,” said René Lacerte, BILL CEO and Founder.

The stock is up 0.4% since the results and currently trades at $102.02.

Is now the time to buy Bill.com? Access our full analysis of the earnings results here, it's free.

Best Q2: Flywire (NASDAQ:FLYW)

Originally created to process international tuition payments for universities, Flywire (NASDAQ:FLYW) is a cross border payments processor and software platform focusing on complex, high-value transactions like education, healthcare and B2B payments.

Flywire reported revenues of $84.9 million, up 50.1% year on year, beating analyst expectations by 15.5%. It was an exceptional quarter for the company, with an impressive beat of analysts' revenue estimates and full-year revenue guidance exceeding analysts' expectations.

Flywire delivered the fastest revenue growth and highest full year guidance raise among its peers. The stock is down 5.91% since the results and currently trades at $30.27.

Is now the time to buy Flywire? Access our full analysis of the earnings results here, it's free.

Weakest Q2: Zuora (NYSE:ZUO)

Founded in 2007, Zuora (NYSE:ZUO) offers software as a service platform that allows companies to bill and accept payments for recurring subscription products.

Zuora reported revenues of $108 million, up 9.39% year on year, missing analyst expectations by 0.69%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations and underwhelming revenue guidance for the next quarter.

Zuora had the weakest performance against analyst estimates and weakest full year guidance update in the group. The stock is down 11.9% since the results and currently trades at $8.53.

Read our full analysis of Zuora's results here.

Workiva (NYSE:WK)

Founded in 2010, Workiva (NYSE:WK) offers software as a service product that makes financial and compliance reporting easier, especially for publicly traded corporations.

Workiva reported revenues of $155 million, up 17.8% year on year, beating analyst expectations by 1.05%. It was a mixed quarter for the company, with accelerating customer growth but underwhelming revenue guidance for the next quarter.

The company added 107 enterprise customers paying more than $100,000 annually to a total of 1,470. The stock is up 3.85% since the results and currently trades at $106.61.

Read our full, actionable report on Workiva here, it's free.

Paylocity (NASDAQ:PCTY)

Founded by payroll software veteran Steve Sarowitz in 1997, Paylocity (NASDAQ:PCTY) is a provider of payroll and human resources software for small and medium-sized enterprises.

Paylocity reported revenues of $308.5 million, up 34.7% year on year, beating analyst expectations by 2.29%. It was a mixed quarter for the company, with the company beating analysts' revenue expectations this quarter and raising its long-term adjusted EBITDA and free cash flow targets. On the other hand, it provided underwhelming revenue guidance for the next year and a decline in its gross margin.

The stock is down 12.9% since the results and currently trades at $185.2.

Read our full, actionable report on Paylocity here, it's free.

The author has no position in any of the stocks mentioned